AMTR vs. BLK

Last updated Jun 4, 2026

AMTR (ETRACS Alerian Midstream Energy Total Return Index ETN) is MLPs fund tracking the Alerian Midstream Energy Index, while BLK (BlackRock, Inc.) is a stock. At a 0.40 correlation, their price movements are largely independent.

Performance

AMTR vs. BLK - 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 BlackRock, Inc. (BLK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AMTR

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

BLK

• 1D: -2.76%
• 1M: -5.83%
• YTD: -6.91%
• 6M: -7.28%
• 1Y: 2.97%
• 3Y*: 15.97%
• 5Y*: 4.62%
• 10Y*: 13.38%

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

AMTR vs. BLK - 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%	15.24%
BLK BlackRock, Inc.	-6.91%	6.55%	29.29%	17.86%	-20.40%	29.39%	14.21%

Correlation

The correlation between AMTR and BLK is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (All Time) Calculated using the full available price history since Oct 22, 2020	0.40

The correlation between AMTR and BLK shifts across timeframes, from 0.26 (3 years) to 0.40 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AMTR vs. BLK — Risk / Return Rank

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

BLK

BLK Risk / Return Rank: 41
BLK Sharpe Ratio Rank: 44
BLK Sortino Ratio Rank: 37
BLK Omega Ratio Rank: 37
BLK Calmar Ratio Rank: 43
BLK Martin Ratio Rank: 43

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.

AMTR vs. BLK - 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 BlackRock, Inc. (BLK). 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

	AMTR	BLK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.12	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.17	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.59	—

Drawdowns

Drawdown Indicators

	AMTR	BLK	Difference
Max Drawdown Largest peak-to-trough decline	—	-60.36%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-22.45%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.74%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-43.90%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-43.90%	—
Current Drawdown Current decline from peak	—	-16.74%	—
Average Drawdown Average peak-to-trough decline	—	-11.92%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.75%	—

Volatility

Volatility by Period

	AMTR	BLK	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.86%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.55%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	25.52%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	26.72%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	27.74%	—

Dividends

AMTR vs. BLK - Dividend Comparison

AMTR has not paid dividends to shareholders, while BLK's dividend yield for the trailing twelve months is around 2.16%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
BLK BlackRock, Inc.	2.16%	1.95%	1.99%	2.46%	2.75%	1.80%	2.01%	2.63%	3.08%	1.95%	2.41%	2.56%

Frequently Asked Questions

Can I hold both AMTR and BLK in my portfolio?

AMTR and BLK have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.