AMLP vs. SBLK
Compare and contrast key facts about Alerian MLP ETF (AMLP) and Star Bulk Carriers Corp. (SBLK).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMLP or SBLK.
Key characteristics
| AMLP | SBLK | |
|---|---|---|
| YTD Return | 11.71% | 17.60% |
| 1Y Return | 32.01% | 35.68% |
| 3Y Return (Ann) | 21.91% | 27.14% |
| 5Y Return (Ann) | 8.01% | 33.88% |
| 10Y Return (Ann) | 1.61% | -4.63% |
| Sharpe Ratio | 2.07 | 0.98 |
| Daily Std Dev | 14.31% | 29.49% |
| Max Drawdown | -77.19% | -99.74% |
| Current Drawdown | -3.40% | -94.41% |
Correlation
The correlation between AMLP and SBLK is 0.29, 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. SBLK - Performance Comparison
In the year-to-date period, AMLP achieves a 11.71% return, which is significantly lower than SBLK's 17.60% return. Over the past 10 years, AMLP has outperformed SBLK with an annualized return of 1.61%, while SBLK has yielded a comparatively lower -4.63% 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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Risk-Adjusted Performance
AMLP vs. SBLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alerian MLP ETF (AMLP) and Star Bulk Carriers Corp. (SBLK). 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. SBLK - Dividend Comparison
AMLP's dividend yield for the trailing twelve months is around 7.41%, more than SBLK's 5.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMLP Alerian MLP ETF | 7.41% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.29% | 7.97% | 8.09% | 9.84% | 6.45% | 6.00% |
SBLK Star Bulk Carriers Corp. | 5.78% | 7.38% | 33.80% | 9.93% | 0.57% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AMLP vs. SBLK - Drawdown Comparison
The maximum AMLP drawdown since its inception was -77.19%, smaller than the maximum SBLK drawdown of -99.74%. Use the drawdown chart below to compare losses from any high point for AMLP and SBLK. For additional features, visit the drawdowns tool.
Volatility
AMLP vs. SBLK - Volatility Comparison
The current volatility for Alerian MLP ETF (AMLP) is 3.74%, while Star Bulk Carriers Corp. (SBLK) has a volatility of 5.74%. This indicates that AMLP experiences smaller price fluctuations and is considered to be less risky than SBLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.