AMTR vs. AMLP

Last updated Aug 1, 2026

AMTR (ETRACS Alerian Midstream Energy Total Return Index ETN) and AMLP (Alerian MLP ETF) are both MLPs funds - AMTR tracks the Alerian Midstream Energy Index while AMLP tracks the Alerian MLP Infrastructure Index. Both are passively managed. Their 0.77 correlation means they have sometimes moved together and sometimes differently. AMTR charges 0.75%/yr vs 0.90%/yr for AMLP.

Performance

AMTR vs. AMLP - Performance Comparison

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

Returns By Period

AMTR

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

AMLP

• 1D: 0.89%
• 1M: 6.26%
• 6M: 14.99%
• YTD: 22.35%
• 1Y: 21.27%
• 3Y*: 19.27%
• 5Y*: 19.50%
• 10Y*: 7.29%
• ALL TIME*: 5.90%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AMLP Alerian MLP ETF	$65.00M	$60.75M	$74.60M

AMTR vs. AMLP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
AMTR ETRACS Alerian Midstream Energy Total Return Index ETN	0.00%	0.00%	44.68%	12.75%	20.41%	36.99%	14.40%
AMLP Alerian MLP ETF	22.35%	5.78%	22.76%	21.40%	25.47%	39.09%	21.71%

Correlation

The correlation between AMTR and AMLP is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (3Y) Balances recent behavior with more history.	0.47
Correlation (5Y) Shows whether the relationship held over a longer period.	0.72
Correlation (All Time) Calculated using the full available price history since Oct 21, 2020	0.77

The correlation between AMTR and AMLP shifts across timeframes, from 0.47 (3 years) to 0.77 (all time), reflecting how their relationship changes across market environments.

AMTR vs. AMLP - Sectors Allocation Comparison

Sectors	AMTR	AMLP
Basic Materials	0.0%	-
Communication Services	0.0%	-
Consumer Cyclical	0.0%	-
Consumer Defensive	0.0%	-
Energy	0.0%	98.1%
Financial Services	0.0%	0.0%
Healthcare	0.0%	-
Industrials	0.0%	2.1%
Real Estate	0.0%	-
Technology	0.0%	-
Utilities	0.0%	1.9%

Return for Risk

AMTR vs. AMLP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AMTR

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

AMLP

AMLP Risk / Return Rank: 66
AMLP Sharpe Ratio Rank: 70
AMLP Sortino Ratio Rank: 68
AMLP Omega Ratio Rank: 65
AMLP Calmar Ratio Rank: 68
AMLP Martin Ratio Rank: 56

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AMTR vs. AMLP - Risk-Adjusted Trends 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AMTR	AMLP	Difference
Sharpe ratio: Return per unit of total volatility	—	1.58	—
Sortino ratio: Return per unit of downside risk	—	2.22	—
Omega ratio: Gain probability vs. loss probability	—	1.27	—
Calmar ratio: Return relative to maximum drawdown	—	2.35	—
Martin ratio: Return relative to average drawdown	—	6.55	—

Drawdowns

Drawdown Indicators

	AMTR	AMLP	Difference
Max Drawdown Largest peak-to-trough decline	—	-77.19%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.47%	—
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	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-17.26%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.20%	—

Volatility

Volatility by Period

	AMTR	AMLP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.98%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.81%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	12.55%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	19.37%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	27.64%	—

AMTR vs. AMLP - Expense Ratio Comparison

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

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 7.27%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMLP Alerian MLP ETF	7.27%	8.36%	7.70%	7.86%	7.70%	8.55%	12.31%	9.12%	9.29%	7.97%	8.09%	9.84%
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%

Frequently Asked Questions

Can I hold both AMTR and AMLP in my portfolio?

AMTR and AMLP have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AMTR or AMLP?

On fees, AMTR 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, AMTR or AMLP?

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

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

AMLP has the higher dividend yield at 7.27%, compared with 0.00% for AMTR.

What is the main difference between AMTR and AMLP?

AMTR tracks Alerian Midstream Energy 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 AMTR and 0.90% for AMLP.