AMNA vs. MLPR
Compare and contrast key facts about ETRACS Alerian Midstream Energy Index ETN (AMNA) and ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR).
AMNA and MLPR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMNA is a passively managed fund by UBS that tracks the performance of the Alerian Midstream Energy Select Index. It was launched on Jun 19, 2020. MLPR is a passively managed fund by UBS that tracks the performance of the Alerian MLP Index (150%). It was launched on Jun 2, 2020. Both AMNA and MLPR 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: AMNA or MLPR.
Key characteristics
| AMNA | MLPR | |
|---|---|---|
| YTD Return | 41.80% | 24.48% |
| 1Y Return | 49.40% | 31.06% |
| 3Y Return (Ann) | 21.40% | 30.83% |
| Sharpe Ratio | 4.00 | 1.46 |
| Sortino Ratio | 5.69 | 2.04 |
| Omega Ratio | 1.72 | 1.26 |
| Calmar Ratio | 9.56 | 2.46 |
| Martin Ratio | 34.65 | 7.52 |
| Ulcer Index | 1.41% | 4.08% |
| Daily Std Dev | 12.26% | 20.97% |
| Max Drawdown | -18.83% | -48.98% |
| Current Drawdown | 0.00% | -4.42% |
Correlation
The correlation between AMNA and MLPR is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AMNA vs. MLPR - Performance Comparison
In the year-to-date period, AMNA achieves a 41.80% return, which is significantly higher than MLPR's 24.48% 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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AMNA vs. MLPR - Expense Ratio Comparison
AMNA has a 0.75% expense ratio, which is lower than MLPR's 0.95% expense ratio.
Risk-Adjusted Performance
AMNA vs. MLPR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian Midstream Energy Index ETN (AMNA) and ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR). 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
AMNA vs. MLPR - Dividend Comparison
AMNA's dividend yield for the trailing twelve months is around 4.39%, less than MLPR's 10.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
AMNA ETRACS Alerian Midstream Energy Index ETN | 4.39% | 5.61% | 5.49% | 5.84% | 2.13% |
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 10.12% | 10.08% | 10.07% | 10.69% | 4.21% |
Drawdowns
AMNA vs. MLPR - Drawdown Comparison
The maximum AMNA drawdown since its inception was -18.83%, smaller than the maximum MLPR drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for AMNA and MLPR. For additional features, visit the drawdowns tool.
Volatility
AMNA vs. MLPR - Volatility Comparison
The current volatility for ETRACS Alerian Midstream Energy Index ETN (AMNA) is 4.23%, while ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) has a volatility of 7.95%. This indicates that AMNA experiences smaller price fluctuations and is considered to be less risky than MLPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.