AMUB vs. AMND

Last updated Jun 3, 2026

AMUB (ETRACS Alerian MLP Index ETN Class B) and AMND (ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050) are both exchange-traded funds - AMUB is a MLPs fund tracking the Alerian MLP Index, while AMND is a Energy Equities fund tracking the Alerian Midstream Energy Dividend Index. Both are passively managed. Their correlation of 0.80 suggests significant overlap in exposure. AMUB charges 0.80%/yr vs 0.75%/yr for AMND.

Performance

AMUB vs. AMND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS Alerian MLP Index ETN Class B (AMUB) and ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AMUB

• 1D: 1.02%
• 1M: -1.02%
• YTD: 17.24%
• 6M: 16.74%
• 1Y: 17.83%
• 3Y*: 15.89%
• 5Y*: 12.50%
• 10Y*: 3.08%

AMND

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

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

AMUB vs. AMND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
AMUB ETRACS Alerian MLP Index ETN Class B	17.24%	2.05%	15.68%	16.89%	21.91%	28.83%	8.29%
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050	0.00%	0.00%	40.42%	13.60%	21.27%	34.91%	10.45%

Correlation

The correlation between AMUB and AMND is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jul 17, 2020	0.80

The correlation between AMUB and AMND shifts across timeframes, from 0.53 (3 years) to 0.80 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AMUB vs. AMND — Risk / Return Rank

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

AMUB

AMUB Risk / Return Rank: 35
AMUB Sharpe Ratio Rank: 36
AMUB Sortino Ratio Rank: 35
AMUB Omega Ratio Rank: 34
AMUB Calmar Ratio Rank: 34
AMUB Martin Ratio Rank: 33

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.

AMUB vs. AMND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian MLP Index ETN Class B (AMUB) and ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND). 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.

	AMUB	AMND	Difference
Sharpe ratio Return per unit of total volatility	1.32	—	—
Sortino ratio Return per unit of downside risk	1.88	—	—
Omega ratio Gain probability vs. loss probability	1.23	—	—
Calmar ratio Return relative to maximum drawdown	1.74	—	—
Martin ratio Return relative to average drawdown	5.17	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AMUB	AMND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.11	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	—	—

Drawdowns

Drawdown Indicators

	AMUB	AMND	Difference
Max Drawdown Largest peak-to-trough decline	-79.46%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-10.37%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.22%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.58%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-78.86%	—	—
Current Drawdown Current decline from peak	-5.94%	—	—
Average Drawdown Average peak-to-trough decline	-29.23%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.49%	—	—

Volatility

Volatility by Period

	AMUB	AMND	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.50%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.61%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.24%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.09%	—	—

AMUB vs. AMND - Expense Ratio Comparison

AMUB has a 0.80% expense ratio, which is higher than AMND's 0.75% expense ratio.

Dividends

AMUB vs. AMND - Dividend Comparison

Neither AMUB nor AMND has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050	0.00%	0.00%	5.14%	6.56%	6.37%	7.10%	2.49%
AMUB ETRACS Alerian MLP Index ETN Class B	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AMUB and AMND in my portfolio?

AMUB and AMND have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AMUB or AMND?

On fees, AMND 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, AMUB or AMND?

AMND is cheaper with a 0.75% expense ratio, compared with 0.80% for AMUB.

Which ETF pays a higher dividend yield, AMUB or AMND?

AMUB and AMND have nearly identical dividend yields, around 0.00%.

What is the main difference between AMUB and AMND?

AMUB is categorized as MLPs, while AMND is Energy Equities. AMUB tracks Alerian MLP Index, while AMND tracks Alerian Midstream Energy Dividend Index. Their fees differ too: 0.80% for AMUB and 0.75% for AMND.