AMLP vs. LMBS
AMLP (Alerian MLP ETF) and LMBS (First Trust Low Duration Mortgage Opportunities ETF) are both exchange-traded funds - AMLP is a MLPs fund tracking the Alerian MLP Infrastructure Index, while LMBS is a Mortgage Backed Securities fund actively managed by First Trust. AMLP is passively managed, while LMBS is actively managed. Over the past 10 years, AMLP returned 7.29%/yr vs 2.59%/yr for LMBS. Their -0.04 correlation means they have often moved in opposite directions in the past. AMLP charges 0.90%/yr vs 0.68%/yr for LMBS.
Performance
AMLP vs. LMBS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AMLP achieves a 22.35% return, which is significantly higher than LMBS's 1.39% return. Over the past 10 years, AMLP has outperformed LMBS with an annualized return of 7.29%, while LMBS has yielded a comparatively lower 2.59% annualized return.
AMLP
- 1D
- 0.89%
- 1M
- 6.26%
- 6M
- 14.99%
- YTD
- 22.35%
- 1Y
- 21.27%
- 3Y*
- 19.27%
- 5Y*
- 19.50%
- 10Y*
- 7.29%
- ALL TIME*
- 5.90%
LMBS
- 1D
- -0.08%
- 1M
- -0.15%
- 6M
- 0.68%
- YTD
- 1.39%
- 1Y
- 4.45%
- 3Y*
- 5.75%
- 5Y*
- 3.07%
- 10Y*
- 2.59%
- ALL TIME*
- 2.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AMLP Alerian MLP ETF | $65.00M | $60.75M | $74.60M |
| $21.63M | $26.61M | $25.51M |
AMLP vs. LMBS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMLP Alerian MLP ETF | 22.35% | 5.78% | 22.76% | 21.40% | 25.47% | 39.09% | -32.26% | 5.99% | -12.67% | -7.89% |
LMBS First Trust Low Duration Mortgage Opportunities ETF | 1.39% | 7.05% | 5.15% | 6.10% | -3.07% | -0.91% | 1.64% | 4.10% | 1.62% | 1.68% |
Correlation
The correlation between AMLP and LMBS is -0.23, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.23 |
Correlation (3Y) Balances recent behavior with more history. | -0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.01 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.03 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2014 | -0.04 |
The correlation between AMLP and LMBS shifts across timeframes, from -0.23 (1 year) to -0.01 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AMLP vs. LMBS — Risk / Return Rank
AMLP
LMBS
AMLP vs. LMBS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alerian MLP ETF (AMLP) and First Trust Low Duration Mortgage Opportunities ETF (LMBS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AMLP | LMBS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.49 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 3.41 | -1.06 |
| Martin ratioReturn relative to average drawdown | 6.55 | 13.82 | -7.27 |
Loading charts...
Drawdowns
AMLP vs. LMBS - Drawdown Comparison
The maximum AMLP drawdown since its inception was -77.19%, which is greater than LMBS's maximum drawdown of -6.49%. Use the drawdown chart below to compare losses from any high point for AMLP and LMBS.
Loading charts...
Drawdown Indicators
| AMLP | LMBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.19% | -6.49% | -70.70% |
Max Drawdown (1Y)Largest decline over 1 year | -8.47% | -1.43% | -7.04% |
Max Drawdown (3Y)Largest decline over 3 years | -14.27% | -1.72% | -12.55% |
Max Drawdown (5Y)Largest decline over 5 years | -20.92% | -6.03% | -14.89% |
Max Drawdown (10Y)Largest decline over 10 years | -72.62% | -6.49% | -66.13% |
Current DrawdownCurrent decline from peak | 0.00% | -0.36% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -17.26% | -0.80% | -16.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 0.35% | +2.85% |
Volatility
AMLP vs. LMBS - Volatility Comparison
Alerian MLP ETF (AMLP) has a higher volatility of 3.98% compared to First Trust Low Duration Mortgage Opportunities ETF (LMBS) at 0.73%. This indicates that AMLP's price experiences larger fluctuations and is considered to be riskier than LMBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AMLP | LMBS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 0.73% | +3.25% |
Volatility (6M)Calculated over the trailing 6-month period | 9.81% | 1.54% | +8.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.55% | 1.97% | +10.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.37% | 2.58% | +16.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.64% | 2.35% | +25.29% |
AMLP vs. LMBS - Expense Ratio Comparison
AMLP has a 0.90% expense ratio, which is higher than LMBS's 0.68% expense ratio.
Dividends
AMLP vs. LMBS - Dividend Comparison
AMLP's dividend yield for the trailing twelve months is around 7.27%, more than LMBS's 4.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMLP Alerian MLP ETF | 7.27% | 8.36% | 7.70% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.29% | 7.97% | 8.09% | 9.84% |
LMBS First Trust Low Duration Mortgage Opportunities ETF | 4.12% | 4.08% | 4.28% | 3.96% | 2.22% | 2.04% | 2.27% | 2.55% | 2.76% | 2.73% | 2.84% | 3.03% |
Frequently Asked Questions
AMLP and LMBS have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMLP has higher volatility (3.98%) compared to LMBS (0.73%). In terms of maximum drawdown, AMLP dropped -77.19% vs LMBS's -6.49%.
On 10-year performance, AMLP leads with 7.29% vs 2.59% for LMBS. On fees, LMBS is cheaper at 0.68% per year. On volatility, LMBS has been the lower-risk option at 0.73%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, AMLP has performed better with a 7.29% return vs 2.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LMBS is cheaper with a 0.68% expense ratio, compared with 0.90% for AMLP.
AMLP has the higher dividend yield at 7.27%, compared with 4.12% for LMBS.
AMLP is categorized as MLPs, while LMBS is Mortgage Backed Securities. They also come from different issuers: SS&C and First Trust. Their fees differ too: 0.90% for AMLP and 0.68% for LMBS.
LMBS currently has the higher Sharpe Ratio (2.47 vs 1.58), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for AMLP and LMBS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer