AMUB vs. AMLP
Compare and contrast key facts about ETRACS Alerian MLP Index ETN Class B (AMUB) and Alerian MLP ETF (AMLP).
AMUB and AMLP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMUB is a passively managed fund by UBS that tracks the performance of the Alerian MLP Index. It was launched on Oct 8, 2015. 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 AMUB 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: AMUB or AMLP.
Key characteristics
| AMUB | AMLP | |
|---|---|---|
| YTD Return | 19.99% | 17.40% |
| 1Y Return | 22.05% | 18.32% |
| 3Y Return (Ann) | 22.41% | 18.68% |
| 5Y Return (Ann) | 15.23% | 12.33% |
| Sharpe Ratio | 1.70 | 1.45 |
| Sortino Ratio | 2.42 | 2.07 |
| Omega Ratio | 1.30 | 1.25 |
| Calmar Ratio | 2.81 | 2.74 |
| Martin Ratio | 8.86 | 7.73 |
| Ulcer Index | 2.65% | 2.57% |
| Daily Std Dev | 13.75% | 13.72% |
| Max Drawdown | -73.04% | -77.19% |
| Current Drawdown | -1.07% | -2.87% |
Correlation
The correlation between AMUB and AMLP is 0.84, 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.
Performance
AMUB vs. AMLP - Performance Comparison
In the year-to-date period, AMUB achieves a 19.99% return, which is significantly higher than AMLP's 17.40% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AMUB vs. AMLP - Expense Ratio Comparison
AMUB has a 0.80% expense ratio, which is lower than AMLP's 0.90% expense ratio.
Risk-Adjusted Performance
AMUB vs. AMLP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian MLP Index ETN Class B (AMUB) 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
AMUB vs. AMLP - Dividend Comparison
AMUB's dividend yield for the trailing twelve months is around 6.02%, more than AMLP's 5.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMUB ETRACS Alerian MLP Index ETN Class B | 6.02% | 6.54% | 6.35% | 7.34% | 10.94% | 8.36% | 8.48% | 7.01% | 6.61% | 0.00% | 0.00% | 0.00% |
AMLP Alerian MLP ETF | 5.87% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.30% | 7.97% | 8.09% | 9.84% | 6.45% | 6.00% |
Drawdowns
AMUB vs. AMLP - Drawdown Comparison
The maximum AMUB drawdown since its inception was -73.04%, smaller than the maximum AMLP drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for AMUB and AMLP. For additional features, visit the drawdowns tool.
Volatility
AMUB vs. AMLP - Volatility Comparison
ETRACS Alerian MLP Index ETN Class B (AMUB) and Alerian MLP ETF (AMLP) have volatilities of 3.60% and 3.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.