AMTR vs. HDLB

Last updated Jun 4, 2026

AMTR (ETRACS Alerian Midstream Energy Total Return Index ETN) and HDLB (ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B) are both exchange-traded funds - AMTR is a MLPs fund tracking the Alerian Midstream Energy Index, while HDLB is a Leveraged Equities fund tracking the Solactive US High Dividend Low Volatility (USD)(TR) (200%). Both are passively managed. At a 0.48 correlation, their price movements are largely independent. AMTR charges 0.75%/yr vs 1.65%/yr for HDLB.

Performance

AMTR vs. HDLB - 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 ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AMTR

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

HDLB

• 1D: -1.72%
• 1M: -4.18%
• YTD: 9.69%
• 6M: 8.78%
• 1Y: 17.78%
• 3Y*: 26.82%
• 5Y*: 11.24%
• 10Y*: —

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

AMTR vs. HDLB - 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%
HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B	9.69%	27.26%	28.21%	-4.12%	-11.46%	62.67%	31.00%

Correlation

The correlation between AMTR and HDLB is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since Oct 22, 2020	0.48

The correlation between AMTR and HDLB shifts across timeframes, from 0.31 (3 years) to 0.48 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AMTR vs. HDLB — Risk / Return Rank

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

HDLB

HDLB Risk / Return Rank: 21
HDLB Sharpe Ratio Rank: 20
HDLB Sortino Ratio Rank: 20
HDLB Omega Ratio Rank: 20
HDLB Calmar Ratio Rank: 25
HDLB Martin Ratio Rank: 22

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. HDLB - 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 ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB). 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	HDLB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.68	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.10	—

Drawdowns

Drawdown Indicators

	AMTR	HDLB	Difference
Max Drawdown Largest peak-to-trough decline	—	-78.70%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-14.50%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-43.81%	—
Current Drawdown Current decline from peak	—	-14.15%	—
Average Drawdown Average peak-to-trough decline	—	-27.47%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.62%	—

Volatility

Volatility by Period

	AMTR	HDLB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.21%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	26.46%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	30.55%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	43.58%	—

AMTR vs. HDLB - Expense Ratio Comparison

AMTR has a 0.75% expense ratio, which is lower than HDLB's 1.65% expense ratio.

Dividends

AMTR vs. HDLB - Dividend Comparison

AMTR has not paid dividends to shareholders, while HDLB's dividend yield for the trailing twelve months is around 12.13%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
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%
HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B	12.13%	12.20%	10.09%	12.36%	10.86%	8.07%	16.23%	0.97%

Frequently Asked Questions

Can I hold both AMTR and HDLB in my portfolio?

AMTR and HDLB have a correlation of 0.48, 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 HDLB?

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 HDLB?

AMTR is cheaper with a 0.75% expense ratio, compared with 1.65% for HDLB.

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

HDLB has the higher dividend yield at 12.13%, compared with 0.00% for AMTR.

What is the main difference between AMTR and HDLB?

AMTR is categorized as MLPs, while HDLB is Leveraged Equities. AMTR tracks Alerian Midstream Energy Index, while HDLB tracks Solactive US High Dividend Low Volatility (USD)(TR) (200%). Their fees differ too: 0.75% for AMTR and 1.65% for HDLB.