AMLP vs. PDI
AMLP (Alerian MLP ETF) is MLPs fund tracking the Alerian MLP Infrastructure Index, while PDI (PIMCO Dynamic Income Fund) is a stock. Over the past 10 years, AMLP returned 6.86%/yr vs 7.02%/yr for PDI. At a 0.26 correlation, their price movements are largely independent.
Performance
AMLP vs. PDI - Performance Comparison
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Returns By Period
In the year-to-date period, AMLP achieves a 20.47% return, which is significantly higher than PDI's 0.51% return. Both investments have delivered pretty close results over the past 10 years, with AMLP having a 6.86% annualized return and PDI not far ahead at 7.02%.
AMLP
- 1D
- 0.81%
- 1M
- 7.50%
- 6M
- 14.85%
- YTD
- 20.47%
- 1Y
- 20.23%
- 3Y*
- 19.17%
- 5Y*
- 19.27%
- 10Y*
- 6.86%
- ALL TIME*
- 5.81%
PDI
- 1D
- -0.31%
- 1M
- 1.08%
- 6M
- -3.00%
- YTD
- 0.51%
- 1Y
- -0.48%
- 3Y*
- 9.66%
- 5Y*
- 2.84%
- 10Y*
- 7.02%
- ALL TIME*
- 10.02%
AMLP vs. PDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMLP Alerian MLP ETF | 20.47% | 5.78% | 22.76% | 21.40% | 25.47% | 39.09% | -32.26% | 5.99% | -12.67% | -7.89% |
PDI PIMCO Dynamic Income Fund | 0.51% | 11.03% | 17.18% | 11.99% | -16.99% | 7.81% | -9.96% | 22.23% | 7.35% | 18.59% |
Correlation
The correlation between AMLP and PDI is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since May 25, 2012 | 0.26 |
The correlation between AMLP and PDI shifts across timeframes, from -0.10 (1 year) to 0.27 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
AMLP vs. PDI — Risk / Return Rank
AMLP
PDI
AMLP vs. PDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alerian MLP ETF (AMLP) and PIMCO Dynamic Income Fund (PDI). 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 | PDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.00 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | -0.04 | +2.32 |
| Martin ratioReturn relative to average drawdown | 6.34 | -0.09 | +6.43 |
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Drawdowns
AMLP vs. PDI - Drawdown Comparison
The maximum AMLP drawdown since its inception was -77.19%, which is greater than PDI's maximum drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for AMLP and PDI.
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Drawdown Indicators
| AMLP | PDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.19% | -46.47% | -30.72% |
Max Drawdown (1Y)Largest decline over 1 year | -8.94% | -10.95% | +2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -14.27% | -17.55% | +3.28% |
Max Drawdown (5Y)Largest decline over 5 years | -20.92% | -27.19% | +6.27% |
Max Drawdown (10Y)Largest decline over 10 years | -72.62% | -46.47% | -26.15% |
Current DrawdownCurrent decline from peak | -0.67% | -7.34% | +6.67% |
Average DrawdownAverage peak-to-trough decline | -17.30% | -6.22% | -11.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 5.54% | -2.34% |
Volatility
AMLP vs. PDI - Volatility Comparison
Alerian MLP ETF (AMLP) has a higher volatility of 4.93% compared to PIMCO Dynamic Income Fund (PDI) at 2.40%. This indicates that AMLP's price experiences larger fluctuations and is considered to be riskier than PDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMLP | PDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 2.40% | +2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 8.55% | +1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.60% | 11.62% | +0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.47% | 15.57% | +3.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.66% | 19.05% | +8.61% |
Dividends
AMLP vs. PDI - Dividend Comparison
AMLP's dividend yield for the trailing twelve months is around 7.38%, less than PDI's 16.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMLP Alerian MLP ETF | 7.38% | 8.36% | 7.70% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.29% | 7.97% | 8.09% | 9.84% |
PDI PIMCO Dynamic Income Fund | 16.24% | 14.94% | 14.43% | 14.74% | 17.84% | 10.21% | 10.01% | 9.45% | 10.78% | 8.81% | 14.79% | 18.70% |
Frequently Asked Questions
AMLP and PDI have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMLP has higher volatility (4.93%) compared to PDI (2.40%). In terms of maximum drawdown, AMLP dropped -77.19% vs PDI's -46.47%.
AMLP currently has the higher Sharpe Ratio (1.62 vs -0.04), 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.
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