AMLP vs. V

Last updated Jun 13, 2026

AMLP (Alerian MLP ETF) is MLPs fund tracking the Alerian MLP Infrastructure Index, while V (Visa Inc.) is a stock. Over the past 10 years, AMLP returned 6.92%/yr vs 15.98%/yr for V. At a 0.29 correlation, their price movements are largely independent.

Performance

AMLP vs. V - Performance Comparison

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

Returns By Period

In the year-to-date period, AMLP achieves a 15.29% return, which is significantly higher than V's -7.69% return. Over the past 10 years, AMLP has underperformed V with an annualized return of 6.92%, while V has yielded a comparatively higher 15.98% annualized return.

AMLP

• 1D: -0.34%
• 1M: -1.96%
• YTD: 15.29%
• 6M: 14.35%
• 1Y: 14.76%
• 3Y*: 20.22%
• 5Y*: 15.26%
• 10Y*: 6.92%

V

• 1D: 1.05%
• 1M: 0.65%
• YTD: -7.69%
• 6M: -6.93%
• 1Y: -12.51%
• 3Y*: 13.87%
• 5Y*: 7.33%
• 10Y*: 15.98%

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

AMLP vs. V - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AMLP Alerian MLP ETF	15.29%	5.78%	22.76%	21.40%	25.47%	39.09%	-32.26%	5.99%	-12.67%	-7.89%
V Visa Inc.	-7.69%	11.76%	22.32%	26.31%	-3.40%	-0.31%	17.12%	43.33%	16.49%	47.18%

Correlation

The correlation between AMLP and V is 0.03, 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	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Aug 25, 2010	0.29

Over the past year, the correlation between AMLP and V has dropped to 0.03 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.

Return for Risk

AMLP vs. V — Risk / Return Rank

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

AMLP

AMLP Risk / Return Rank: 38
AMLP Sharpe Ratio Rank: 40
AMLP Sortino Ratio Rank: 39
AMLP Omega Ratio Rank: 37
AMLP Calmar Ratio Rank: 38
AMLP Martin Ratio Rank: 39

V

V Risk / Return Rank: 15
V Sharpe Ratio Rank: 18
V Sortino Ratio Rank: 17
V Omega Ratio Rank: 18
V Calmar Ratio Rank: 15
V Martin Ratio Rank: 5

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. V - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alerian MLP ETF (AMLP) and Visa Inc. (V). 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	V	Difference
Sharpe ratio: Return per unit of total volatility	1.25	-0.56	+1.82
Sortino ratio: Return per unit of downside risk	1.79	-0.68	+2.48
Omega ratio: Gain probability vs. loss probability	1.22	0.92	+0.30
Calmar ratio: Return relative to maximum drawdown	1.66	-0.73	+2.39
Martin ratio: Return relative to average drawdown	5.35	-1.57	+6.92

AMLP vs. V - Sharpe Ratio Comparison

The current AMLP Sharpe Ratio is 1.25, which is higher than the V Sharpe Ratio of -0.56. The chart below compares the historical Sharpe Ratios of AMLP and V, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AMLP vs. V - Drawdown Comparison

The maximum AMLP drawdown since its inception was -77.19%, which is greater than V's maximum drawdown of -51.90%. Use the drawdown chart below to compare losses from any high point for AMLP and V.

Drawdown Indicators

	AMLP	V	Difference
Max Drawdown Largest peak-to-trough decline	-77.19%	-51.90%	-25.29%
Max Drawdown (1Y) Largest decline over 1 year	-8.94%	-17.18%	+8.24%
Max Drawdown (3Y) Largest decline over 3 years	-14.27%	-20.38%	+6.11%
Max Drawdown (5Y) Largest decline over 5 years	-20.92%	-28.60%	+7.68%
Max Drawdown (10Y) Largest decline over 10 years	-72.62%	-36.36%	-36.26%
Current Drawdown Current decline from peak	-4.94%	-12.96%	+8.02%
Average Drawdown Average peak-to-trough decline	-17.37%	-8.26%	-9.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	10.73%	-7.96%

Volatility

AMLP vs. V - Volatility Comparison

The current volatility for Alerian MLP ETF (AMLP) is 4.71%, while Visa Inc. (V) has a volatility of 5.57%. This indicates that AMLP experiences smaller price fluctuations and is considered to be less risky than V based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMLP	V	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.71%	5.57%	-0.86%
Volatility (6M) Calculated over the trailing 6-month period	8.77%	17.57%	-8.80%
Volatility (1Y) Calculated over the trailing 1-year period	11.84%	22.35%	-10.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.95%	22.82%	-2.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.67%	24.45%	+3.22%

Dividends

AMLP vs. V - Dividend Comparison

AMLP's dividend yield for the trailing twelve months is around 7.71%, more than V's 0.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMLP Alerian MLP ETF	7.71%	8.36%	7.70%	7.86%	7.70%	8.55%	12.31%	9.12%	9.29%	7.97%	8.09%	9.84%
V Visa Inc.	0.81%	0.70%	0.68%	0.72%	0.76%	0.62%	0.56%	0.56%	0.67%	0.61%	0.75%	0.64%

Frequently Asked Questions

Can I hold both AMLP and V in my portfolio?

AMLP and V have a correlation of 0.03, 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 V?

V has higher volatility (5.57%) compared to AMLP (4.71%). In terms of maximum drawdown, AMLP dropped -77.19% vs V's -51.90%.

Which has better risk-adjusted returns?

AMLP currently has the higher Sharpe Ratio (1.25 vs -0.56), 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.