AMND vs. MDST

Last updated Jun 4, 2026

AMND (ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050) and MDST (Westwood Salient Enhanced Midstream Income ETF) are both Energy Equities funds. AMND is passively managed, while MDST is actively managed. At a 0.43 correlation, their price movements are largely independent. AMND charges 0.75%/yr vs 0.80%/yr for MDST.

Performance

AMND vs. MDST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND) and Westwood Salient Enhanced Midstream Income ETF (MDST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AMND

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

MDST

• 1D: 0.14%
• 1M: -0.74%
• YTD: 14.94%
• 6M: 14.77%
• 1Y: 17.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMND vs. MDST - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050	0.00%	0.00%	27.50%
MDST Westwood Salient Enhanced Midstream Income ETF	14.94%	7.09%	17.29%

Correlation

The correlation between AMND and MDST is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 10, 2024	0.43

AMND vs. MDST - Sectors Allocation Comparison

Sectors	AMND	MDST
Basic Materials	0.0%	-
Communication Services	0.0%	-
Consumer Cyclical	0.0%	-
Consumer Defensive	0.0%	-
Energy	0.0%	100.0%
Financial Services	0.0%	-
Healthcare	0.0%	-
Industrials	0.0%	-
Real Estate	0.0%	-
Technology	0.0%	-
Utilities	0.0%	-

Return for Risk

AMND vs. MDST — Risk / Return Rank

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

MDST

MDST Risk / Return Rank: 44
MDST Sharpe Ratio Rank: 41
MDST Sortino Ratio Rank: 42
MDST Omega Ratio Rank: 41
MDST Calmar Ratio Rank: 53
MDST 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.

AMND vs. MDST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND) and Westwood Salient Enhanced Midstream Income ETF (MDST). 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

	AMND	MDST	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.16	—

Drawdowns

Drawdown Indicators

	AMND	MDST	Difference
Max Drawdown Largest peak-to-trough decline	—	-14.19%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-6.74%	—
Current Drawdown Current decline from peak	—	-3.53%	—
Average Drawdown Average peak-to-trough decline	—	-2.17%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.37%	—

Volatility

Volatility by Period

	AMND	MDST	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.36%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	12.12%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.11%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.11%	—

AMND vs. MDST - Expense Ratio Comparison

AMND has a 0.75% expense ratio, which is lower than MDST's 0.80% expense ratio.

Dividends

AMND vs. MDST - Dividend Comparison

AMND has not paid dividends to shareholders, while MDST's dividend yield for the trailing twelve months is around 9.33%.

Position	TTM	2025	2024	2023	2022	2021	2020
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050	0.00%	0.00%	5.14%	6.56%	6.37%	7.10%	2.49%
MDST Westwood Salient Enhanced Midstream Income ETF	9.33%	10.22%	6.60%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AMND and MDST in my portfolio?

AMND and MDST have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AMND or MDST?

On fees, AMND 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, AMND or MDST?

AMND is cheaper with a 0.75% expense ratio, compared with 0.80% for MDST.

Which ETF pays a higher dividend yield, AMND or MDST?

MDST has the higher dividend yield at 9.33%, compared with 0.00% for AMND.

What is the main difference between AMND and MDST?

They also come from different issuers: UBS and Westwood. Their fees differ too: 0.75% for AMND and 0.80% for MDST.