AMLP vs. QQQ
Compare and contrast key facts about Alerian MLP ETF (AMLP) and Invesco QQQ (QQQ).
AMLP and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMLP is a passively managed fund by SS&C that tracks the performance of the Alerian MLP Infrastructure Index. It was launched on Aug 23, 2010. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both AMLP and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMLP or QQQ.
Key characteristics
| AMLP | QQQ | |
|---|---|---|
| YTD Return | 13.44% | 3.93% |
| 1Y Return | 31.18% | 35.44% |
| 3Y Return (Ann) | 23.27% | 8.50% |
| 5Y Return (Ann) | 8.21% | 18.26% |
| 10Y Return (Ann) | 1.94% | 18.32% |
| Sharpe Ratio | 2.20 | 2.15 |
| Daily Std Dev | 14.31% | 16.38% |
| Max Drawdown | -77.19% | -82.98% |
| Current Drawdown | -1.91% | -4.77% |
Correlation
The correlation between AMLP and QQQ is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AMLP vs. QQQ - Performance Comparison
In the year-to-date period, AMLP achieves a 13.44% return, which is significantly higher than QQQ's 3.93% return. Over the past 10 years, AMLP has underperformed QQQ with an annualized return of 1.94%, while QQQ has yielded a comparatively higher 18.32% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AMLP vs. QQQ - Expense Ratio Comparison
AMLP has a 0.90% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
AMLP vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alerian MLP ETF (AMLP) and Invesco QQQ (QQQ). 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.
Dividends
AMLP vs. QQQ - Dividend Comparison
AMLP's dividend yield for the trailing twelve months is around 7.30%, more than QQQ's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMLP Alerian MLP ETF | 7.30% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.29% | 7.97% | 8.09% | 9.84% | 6.45% | 6.00% |
QQQ Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
AMLP vs. QQQ - Drawdown Comparison
The maximum AMLP drawdown since its inception was -77.19%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for AMLP and QQQ. For additional features, visit the drawdowns tool.
Volatility
AMLP vs. QQQ - Volatility Comparison
The current volatility for Alerian MLP ETF (AMLP) is 3.41%, while Invesco QQQ (QQQ) has a volatility of 4.81%. This indicates that AMLP experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.