AMTR vs. TMLP

Last updated Jul 17, 2026

AMTR (ETRACS Alerian Midstream Energy Total Return Index ETN) and TMLP (Tortoise MLP ETF) are both MLPs funds - AMTR tracks the Alerian Midstream Energy Index while TMLP tracks the Tortoise MLP Index. Both are passively managed. AMTR charges 0.75%/yr vs 0.50%/yr for TMLP.

Performance

AMTR vs. TMLP - 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 Tortoise MLP ETF (TMLP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AMTR

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

TMLP

• 1D: 1.61%
• 1M: 5.56%
• 6M: 15.90%
• YTD: 19.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMTR vs. TMLP - Yearly Performance Comparison

	2026 (YTD)	2025
AMTR ETRACS Alerian Midstream Energy Total Return Index ETN	0.00%	0.00%
TMLP Tortoise MLP ETF	19.10%	0.01%

Return for Risk

AMTR vs. TMLP - 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 Tortoise MLP ETF (TMLP). 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.

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

Drawdowns

Drawdown Indicators

	AMTR	TMLP	Difference
Max Drawdown Largest peak-to-trough decline	—	-8.55%	—
Current Drawdown Current decline from peak	—	-2.63%	—
Average Drawdown Average peak-to-trough decline	—	-2.21%	—

Volatility

Volatility by Period

	AMTR	TMLP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	14.50%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	14.50%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	14.50%	—

AMTR vs. TMLP - Expense Ratio Comparison

AMTR has a 0.75% expense ratio, which is higher than TMLP's 0.50% expense ratio.

Dividends

AMTR vs. TMLP - Dividend Comparison

AMTR has not paid dividends to shareholders, while TMLP's dividend yield for the trailing twelve months is around 3.76%.

Position	TTM	2025
AMTR ETRACS Alerian Midstream Energy Total Return Index ETN	0.00%	0.00%
TMLP Tortoise MLP ETF	3.76%	0.04%

Frequently Asked Questions

Which ETF is better, AMTR or TMLP?

On fees, TMLP is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMTR or TMLP?

TMLP is cheaper with a 0.50% expense ratio, compared with 0.75% for AMTR.

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

TMLP has the higher dividend yield at 3.76%, compared with 0.00% for AMTR.

What is the main difference between AMTR and TMLP?

AMTR tracks Alerian Midstream Energy Index, while TMLP tracks Tortoise MLP Index. They also come from different issuers: UBS and Tortoise. Their fees differ too: 0.75% for AMTR and 0.50% for TMLP.