AMLP vs. USAC

Last updated Jun 3, 2026

AMLP (Alerian MLP ETF) is MLPs fund tracking the Alerian MLP Infrastructure Index, while USAC (USA Compression Partners, LP) is a stock. Over the past 10 years, AMLP returned 6.79%/yr vs 19.28%/yr for USAC. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

AMLP vs. USAC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alerian MLP ETF (AMLP) and USA Compression Partners, LP (USAC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMLP achieves a 16.62% return, which is significantly lower than USAC's 28.93% return. Over the past 10 years, AMLP has underperformed USAC with an annualized return of 6.79%, while USAC has yielded a comparatively higher 19.28% annualized return.

AMLP

• 1D: 1.03%
• 1M: 0.25%
• YTD: 16.62%
• 6M: 16.20%
• 1Y: 19.16%
• 3Y*: 20.25%
• 5Y*: 17.03%
• 10Y*: 6.79%

USAC

• 1D: 2.26%
• 1M: 2.63%
• YTD: 28.93%
• 6M: 20.44%
• 1Y: 22.85%
• 3Y*: 23.80%
• 5Y*: 24.45%
• 10Y*: 19.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMLP vs. USAC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AMLP Alerian MLP ETF	16.62%	5.78%	22.76%	21.40%	25.47%	39.09%	-32.26%	5.99%	-12.67%	-7.89%
USAC USA Compression Partners, LP	28.93%	6.38%	12.67%	28.80%	25.91%	45.90%	-10.09%	57.91%	-11.29%	8.05%

Correlation

The correlation between AMLP and USAC is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since Jan 16, 2013	0.53

The correlation between AMLP and USAC has been stable across timeframes, ranging from 0.53 to 0.59 - a consistent structural relationship.

Return for Risk

AMLP vs. USAC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMLP

AMLP Risk / Return Rank: 45
AMLP Sharpe Ratio Rank: 46
AMLP Sortino Ratio Rank: 45
AMLP Omega Ratio Rank: 43
AMLP Calmar Ratio Rank: 44
AMLP Martin Ratio Rank: 45

USAC

USAC Risk / Return Rank: 67
USAC Sharpe Ratio Rank: 69
USAC Sortino Ratio Rank: 64
USAC Omega Ratio Rank: 60
USAC Calmar Ratio Rank: 72
USAC Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMLP vs. USAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alerian MLP ETF (AMLP) and USA Compression Partners, LP (USAC). 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.

	AMLP	USAC	Difference
Sharpe ratio Return per unit of total volatility	1.62	0.92	+0.70
Sortino ratio Return per unit of downside risk	2.25	1.46	+0.79
Omega ratio Gain probability vs. loss probability	1.28	1.17	+0.11
Calmar ratio Return relative to maximum drawdown	2.20	1.83	+0.37
Martin ratio Return relative to average drawdown	7.36	3.81	+3.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMLP vs. USAC - Sharpe Ratio Comparison

The current AMLP Sharpe Ratio is 1.62, which is higher than the USAC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of AMLP and USAC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AMLP	USAC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	0.92	+0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.87	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	0.45	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.37	-0.14

Drawdowns

AMLP vs. USAC - Drawdown Comparison

The maximum AMLP drawdown since its inception was -77.19%, roughly equal to the maximum USAC drawdown of -78.96%. Use the drawdown chart below to compare losses from any high point for AMLP and USAC.

Drawdown Indicators

	AMLP	USAC	Difference
Max Drawdown Largest peak-to-trough decline	-77.19%	-78.96%	+1.77%
Max Drawdown (1Y) Largest decline over 1 year	-8.94%	-12.61%	+3.67%
Max Drawdown (3Y) Largest decline over 3 years	-14.27%	-24.35%	+10.08%
Max Drawdown (5Y) Largest decline over 5 years	-20.92%	-24.39%	+3.47%
Max Drawdown (10Y) Largest decline over 10 years	-72.62%	-78.96%	+6.34%
Current Drawdown Current decline from peak	-3.85%	-6.01%	+2.16%
Average Drawdown Average peak-to-trough decline	-17.40%	-12.72%	-4.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	6.05%	-3.38%

Volatility

AMLP vs. USAC - Volatility Comparison

The current volatility for Alerian MLP ETF (AMLP) is 4.94%, while USA Compression Partners, LP (USAC) has a volatility of 10.90%. This indicates that AMLP experiences smaller price fluctuations and is considered to be less risky than USAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMLP	USAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.94%	10.90%	-5.96%
Volatility (6M) Calculated over the trailing 6-month period	8.65%	17.58%	-8.93%
Volatility (1Y) Calculated over the trailing 1-year period	11.91%	24.93%	-13.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.98%	28.28%	-8.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.68%	42.79%	-15.11%

Dividends

AMLP vs. USAC - Dividend Comparison

AMLP's dividend yield for the trailing twelve months is around 7.62%, more than USAC's 7.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMLP Alerian MLP ETF	7.62%	8.36%	7.70%	7.86%	7.70%	8.55%	12.31%	9.12%	9.29%	7.97%	8.09%	9.84%
USAC USA Compression Partners, LP	7.37%	9.13%	8.91%	9.20%	10.75%	12.03%	15.44%	11.58%	16.18%	12.70%	12.14%	18.06%

Frequently Asked Questions

Can I hold both AMLP and USAC in my portfolio?

AMLP and USAC have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMLP or USAC?

USAC has higher volatility (10.90%) compared to AMLP (4.94%). In terms of maximum drawdown, AMLP dropped -77.19% vs USAC's -78.96%.

Which has better risk-adjusted returns?

AMLP currently has the higher Sharpe Ratio (1.62 vs 0.92), 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.