AMNA vs. AMLP

Last updated Jun 3, 2026

AMNA (ETRACS Alerian Midstream Energy Index ETN) and AMLP (Alerian MLP ETF) are both MLPs funds - AMNA tracks the Alerian Midstream Energy Select Index while AMLP tracks the Alerian MLP Infrastructure Index. Both are passively managed. A 0.79 correlation means they provide meaningful diversification when combined. AMNA charges 0.75%/yr vs 0.90%/yr for AMLP.

Performance

AMNA vs. AMLP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS Alerian Midstream Energy Index ETN (AMNA) and Alerian MLP ETF (AMLP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AMNA

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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%

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

AMNA vs. AMLP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
AMNA ETRACS Alerian Midstream Energy Index ETN	0.00%	0.00%	44.30%	12.50%	20.41%	36.44%	2.88%
AMLP Alerian MLP ETF	16.62%	5.78%	22.76%	21.40%	25.47%	39.09%	-0.82%

Correlation

The correlation between AMNA and AMLP is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jun 23, 2020	0.79

The correlation between AMNA and AMLP shifts across timeframes, from 0.51 (3 years) to 0.79 (all time), reflecting how their relationship changes across market environments.

AMNA vs. AMLP - Sectors Allocation Comparison

Sectors	AMNA	AMLP
Basic Materials	0.0%	-
Communication Services	0.0%	-
Consumer Cyclical	0.0%	-
Consumer Defensive	0.0%	-
Energy	0.0%	97.7%
Financial Services	0.0%	-
Healthcare	0.0%	-
Industrials	0.0%	-
Real Estate	0.0%	-
Technology	0.0%	-
Utilities	0.0%	2.3%

Return for Risk

AMNA vs. AMLP — 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

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.

AMNA vs. AMLP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian Midstream Energy Index ETN (AMNA) and Alerian MLP ETF (AMLP). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AMNA	AMLP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.62	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.86	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.23	—

Drawdowns

Drawdown Indicators

	AMNA	AMLP	Difference
Max Drawdown Largest peak-to-trough decline	—	-77.19%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.94%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.27%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.92%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-72.62%	—
Current Drawdown Current decline from peak	—	-3.85%	—
Average Drawdown Average peak-to-trough decline	—	-17.40%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.67%	—

Volatility

Volatility by Period

	AMNA	AMLP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.94%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	11.91%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	19.98%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	27.68%	—

AMNA vs. AMLP - Expense Ratio Comparison

AMNA has a 0.75% expense ratio, which is lower than AMLP's 0.90% expense ratio.

Dividends

AMNA vs. AMLP - Dividend Comparison

AMNA has not paid dividends to shareholders, while AMLP's dividend yield for the trailing twelve months is around 7.62%.

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%
AMNA ETRACS Alerian Midstream Energy Index ETN	0.00%	0.00%	4.32%	5.61%	5.48%	5.84%	2.12%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AMNA and AMLP in my portfolio?

AMNA and AMLP have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AMNA or AMLP?

On fees, AMNA is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMNA or AMLP?

AMNA is cheaper with a 0.75% expense ratio, compared with 0.90% for AMLP.

Which ETF pays a higher dividend yield, AMNA or AMLP?

AMLP has the higher dividend yield at 7.62%, compared with 0.00% for AMNA.

What is the main difference between AMNA and AMLP?

AMNA tracks Alerian Midstream Energy Select Index, while AMLP tracks Alerian MLP Infrastructure Index. They also come from different issuers: UBS and SS&C. Their fees differ too: 0.75% for AMNA and 0.90% for AMLP.