AMLP vs. XLE
Compare and contrast key facts about Alerian MLP ETF (AMLP) and Energy Select Sector SPDR Fund (XLE).
AMLP and XLE 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. XLE is a passively managed fund by State Street that tracks the performance of the Energy Select Sector Index. It was launched on Dec 16, 1998. Both AMLP and XLE 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 XLE.
Key characteristics
| AMLP | XLE | |
|---|---|---|
| YTD Return | 11.71% | 12.45% |
| 1Y Return | 32.01% | 14.95% |
| 3Y Return (Ann) | 21.91% | 28.89% |
| 5Y Return (Ann) | 8.01% | 13.42% |
| 10Y Return (Ann) | 1.61% | 3.91% |
| Sharpe Ratio | 2.07 | 0.71 |
| Daily Std Dev | 14.31% | 19.24% |
| Max Drawdown | -77.19% | -71.54% |
| Current Drawdown | -3.40% | -4.65% |
Correlation
The correlation between AMLP and XLE is 0.67, 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.
Performance
AMLP vs. XLE - Performance Comparison
In the year-to-date period, AMLP achieves a 11.71% return, which is significantly lower than XLE's 12.45% return. Over the past 10 years, AMLP has underperformed XLE with an annualized return of 1.61%, while XLE has yielded a comparatively higher 3.91% 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. XLE - Expense Ratio Comparison
AMLP has a 0.90% expense ratio, which is higher than XLE's 0.13% expense ratio.
Risk-Adjusted Performance
AMLP vs. XLE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alerian MLP ETF (AMLP) and Energy Select Sector SPDR Fund (XLE). 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. XLE - Dividend Comparison
AMLP's dividend yield for the trailing twelve months is around 7.41%, more than XLE's 3.12% 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% |
XLE Energy Select Sector SPDR Fund | 3.12% | 3.55% | 3.68% | 4.21% | 5.62% | 5.73% | 3.54% | 3.03% | 2.26% | 3.39% | 2.35% | 1.73% |
Drawdowns
AMLP vs. XLE - Drawdown Comparison
The maximum AMLP drawdown since its inception was -77.19%, which is greater than XLE's maximum drawdown of -71.54%. Use the drawdown chart below to compare losses from any high point for AMLP and XLE. For additional features, visit the drawdowns tool.
Volatility
AMLP vs. XLE - Volatility Comparison
The current volatility for Alerian MLP ETF (AMLP) is 3.74%, while Energy Select Sector SPDR Fund (XLE) has a volatility of 4.47%. This indicates that AMLP experiences smaller price fluctuations and is considered to be less risky than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.