AMLP vs. XES
Compare and contrast key facts about Alerian MLP ETF (AMLP) and SPDR S&P Oil & Gas Equipment & Services ETF (XES).
AMLP and XES 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. XES is a passively managed fund by State Street that tracks the performance of the S&P Oil & Gas Equipment & Services Select Industry Index. It was launched on Jun 19, 2006. Both AMLP and XES are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
AMLP vs. XES - Performance Comparison
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AMLP vs. XES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMLP Alerian MLP ETF | 14.20% | 5.78% | 22.76% | 21.40% | 25.47% | 39.09% | -32.26% | 5.99% | -12.67% | -7.89% |
XES SPDR S&P Oil & Gas Equipment & Services ETF | 42.33% | 5.89% | -5.44% | 6.68% | 62.03% | 12.00% | -43.38% | -9.00% | -46.99% | -21.93% |
Returns By Period
In the year-to-date period, AMLP achieves a 14.20% return, which is significantly lower than XES's 42.33% return. Over the past 10 years, AMLP has outperformed XES with an annualized return of 8.63%, while XES has yielded a comparatively lower -2.35% annualized return.
AMLP
- 1D
- -1.16%
- 1M
- 1.15%
- YTD
- 14.20%
- 6M
- 16.89%
- 1Y
- 9.93%
- 3Y*
- 20.27%
- 5Y*
- 20.38%
- 10Y*
- 8.63%
XES
- 1D
- 0.91%
- 1M
- 3.20%
- YTD
- 42.33%
- 6M
- 61.87%
- 1Y
- 65.92%
- 3Y*
- 17.22%
- 5Y*
- 17.28%
- 10Y*
- -2.35%
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AMLP vs. XES - Expense Ratio Comparison
AMLP has a 0.90% expense ratio, which is higher than XES's 0.35% expense ratio.
Return for Risk
AMLP vs. XES — Risk / Return Rank
AMLP
XES
AMLP vs. XES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alerian MLP ETF (AMLP) and SPDR S&P Oil & Gas Equipment & Services ETF (XES). 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 | XES | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | 1.66 | -1.04 |
Sortino ratioReturn per unit of downside risk | 0.89 | 2.11 | -1.21 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.31 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 0.68 | 2.40 | -1.72 |
Martin ratioReturn relative to average drawdown | 1.72 | 7.21 | -5.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AMLP | XES | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 1.66 | -1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 0.44 | +0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | -0.05 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | -0.08 | +0.30 |
Correlation
The correlation between AMLP and XES is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
AMLP vs. XES - Dividend Comparison
AMLP's dividend yield for the trailing twelve months is around 7.54%, more than XES's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMLP Alerian MLP ETF | 7.54% | 8.36% | 7.70% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.29% | 7.97% | 8.09% | 9.84% |
XES SPDR S&P Oil & Gas Equipment & Services ETF | 1.19% | 1.69% | 1.31% | 0.66% | 0.36% | 1.81% | 1.33% | 1.43% | 1.14% | 1.68% | 0.64% | 2.47% |
Drawdowns
AMLP vs. XES - Drawdown Comparison
The maximum AMLP drawdown since its inception was -77.19%, smaller than the maximum XES drawdown of -95.65%. Use the drawdown chart below to compare losses from any high point for AMLP and XES.
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Drawdown Indicators
| AMLP | XES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.19% | -95.65% | +18.46% |
Max Drawdown (1Y)Largest decline over 1 year | -14.27% | -27.52% | +13.25% |
Max Drawdown (5Y)Largest decline over 5 years | -20.92% | -45.95% | +25.03% |
Max Drawdown (10Y)Largest decline over 10 years | -72.62% | -91.23% | +18.61% |
Current DrawdownCurrent decline from peak | -2.17% | -72.51% | +70.34% |
Average DrawdownAverage peak-to-trough decline | -17.57% | -54.22% | +36.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.60% | 9.14% | -3.54% |
Volatility
AMLP vs. XES - Volatility Comparison
The current volatility for Alerian MLP ETF (AMLP) is 2.92%, while SPDR S&P Oil & Gas Equipment & Services ETF (XES) has a volatility of 7.76%. This indicates that AMLP experiences smaller price fluctuations and is considered to be less risky than XES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMLP | XES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 7.76% | -4.84% |
Volatility (6M)Calculated over the trailing 6-month period | 7.86% | 22.14% | -14.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.08% | 40.03% | -23.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.18% | 39.84% | -19.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.84% | 45.20% | -17.36% |