AMTR vs. AMLP
Compare and contrast key facts about ETRACS Alerian Midstream Energy Total Return Index ETN (AMTR) and Alerian MLP ETF (AMLP).
AMTR and AMLP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMTR is a passively managed fund by UBS that tracks the performance of the Alerian Midstream Energy Index. It was launched on Oct 20, 2020. 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. Both AMTR and AMLP 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: AMTR or AMLP.
Performance
AMTR vs. AMLP - Performance Comparison
Returns By Period
In the year-to-date period, AMTR achieves a 49.07% return, which is significantly higher than AMLP's 23.60% return.
AMTR
49.07%
11.82%
32.91%
51.84%
N/A
N/A
AMLP
23.60%
5.98%
9.91%
22.94%
13.64%
1.91%
Key characteristics
| AMTR | AMLP | |
|---|---|---|
| Sharpe Ratio | 4.13 | 1.72 |
| Sortino Ratio | 5.93 | 2.41 |
| Omega Ratio | 1.75 | 1.30 |
| Calmar Ratio | 10.27 | 3.17 |
| Martin Ratio | 37.10 | 8.97 |
| Ulcer Index | 1.43% | 2.57% |
| Daily Std Dev | 12.82% | 13.37% |
| Max Drawdown | -19.33% | -77.19% |
| Current Drawdown | 0.00% | 0.00% |
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AMTR vs. AMLP - Expense Ratio Comparison
AMTR has a 0.75% expense ratio, which is lower than AMLP's 0.90% expense ratio.
Correlation
The correlation between AMTR and AMLP is 0.88, 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.
Risk-Adjusted Performance
AMTR vs. AMLP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian Midstream Energy Total Return Index ETN (AMTR) 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.
Dividends
AMTR vs. AMLP - Dividend Comparison
AMTR has not paid dividends to shareholders, while AMLP's dividend yield for the trailing twelve months is around 7.65%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMTR ETRACS Alerian Midstream Energy Total Return Index ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AMLP Alerian MLP ETF | 7.65% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.30% | 7.97% | 8.09% | 9.84% | 6.45% | 6.00% |
Drawdowns
AMTR vs. AMLP - Drawdown Comparison
The maximum AMTR drawdown since its inception was -19.33%, smaller than the maximum AMLP drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for AMTR and AMLP. For additional features, visit the drawdowns tool.
Volatility
AMTR vs. AMLP - Volatility Comparison
ETRACS Alerian Midstream Energy Total Return Index ETN (AMTR) has a higher volatility of 4.68% compared to Alerian MLP ETF (AMLP) at 2.99%. This indicates that AMTR's price experiences larger fluctuations and is considered to be riskier than AMLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.