AMUB vs. MLPB

Last updated Apr 1, 2026

Compare and contrast key facts about ETRACS Alerian MLP Index ETN Class B (AMUB) and ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB).

AMUB and MLPB 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. MLPB is a passively managed fund by UBS that tracks the performance of the Alerian MLP Infrastructure Index. It was launched on Oct 8, 2015. Both AMUB and MLPB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

AMUB vs. MLPB - 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 MLP Infrastructure Index ETN Series B (MLPB). The values are adjusted to include any dividend payments, if applicable.

AMUB vs. MLPB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AMUB ETRACS Alerian MLP Index ETN Class B	16.54%	8.70%	23.05%	25.39%	29.89%	38.64%	-29.50%	6.26%	-13.33%	-7.19%
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B	16.69%	7.40%	25.53%	22.01%	30.22%	39.42%	-30.80%	5.69%	-8.79%	-9.71%

Returns By Period

The year-to-date returns for both investments are quite close, with AMUB having a 16.54% return and MLPB slightly higher at 16.69%. Over the past 10 years, AMUB has outperformed MLPB with an annualized return of 10.32%, while MLPB has yielded a comparatively lower 9.55% annualized return.

AMUB

• 1D: -1.33%
• 1M: 1.05%
• YTD: 16.54%
• 6M: 20.87%
• 1Y: 12.97%
• 3Y*: 23.44%
• 5Y*: 23.20%
• 10Y*: 10.32%

MLPB

• 1D: -1.54%
• 1M: 1.21%
• YTD: 16.69%
• 6M: 20.26%
• 1Y: 11.98%
• 3Y*: 22.94%
• 5Y*: 23.10%
• 10Y*: 9.55%

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

AMUB vs. MLPB - Expense Ratio Comparison

AMUB has a 0.80% expense ratio, which is lower than MLPB's 0.85% expense ratio.

MLPB

ETRACS Alerian MLP Infrastructure Index ETN Series B

AMUB

ETRACS Alerian MLP Index ETN Class B

Return for Risk

AMUB vs. MLPB — Risk / Return Rank

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

AMUB

AMUB Risk / Return Rank: 33
AMUB Sharpe Ratio Rank: 38
AMUB Sortino Ratio Rank: 35
AMUB Omega Ratio Rank: 39
AMUB Calmar Ratio Rank: 30
AMUB Martin Ratio Rank: 25

MLPB

MLPB Risk / Return Rank: 32
MLPB Sharpe Ratio Rank: 35
MLPB Sortino Ratio Rank: 33
MLPB Omega Ratio Rank: 36
MLPB Calmar Ratio Rank: 29
MLPB Martin Ratio Rank: 25

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. MLPB - 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 MLP Infrastructure Index ETN Series B (MLPB). 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	MLPB	Difference
Sharpe ratio Return per unit of total volatility	0.69	0.64	+0.05
Sortino ratio Return per unit of downside risk	0.98	0.93	+0.05
Omega ratio Gain probability vs. loss probability	1.15	1.14	+0.01
Calmar ratio Return relative to maximum drawdown	0.72	0.69	+0.04
Martin ratio Return relative to average drawdown	1.85	1.81	+0.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMUB vs. MLPB - Sharpe Ratio Comparison

The current AMUB Sharpe Ratio is 0.69, which is comparable to the MLPB Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of AMUB and MLPB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AMUB	MLPB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.69	0.64	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.17	1.15	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.34	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.23	+0.03

Correlation

The correlation between AMUB and MLPB is 0.89, 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.

Dividends

AMUB vs. MLPB - Dividend Comparison

AMUB's dividend yield for the trailing twelve months is around 5.79%, which matches MLPB's 5.83% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMUB ETRACS Alerian MLP Index ETN Class B	5.79%	6.54%	6.02%	6.54%	6.35%	7.34%	10.94%	8.36%	8.48%	7.00%	6.61%	2.25%
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B	5.83%	6.51%	5.95%	6.37%	6.00%	6.98%	11.93%	7.98%	8.11%	7.23%	6.85%	0.00%

Drawdowns

AMUB vs. MLPB - Drawdown Comparison

The maximum AMUB drawdown since its inception was -73.13%, roughly equal to the maximum MLPB drawdown of -71.93%. Use the drawdown chart below to compare losses from any high point for AMUB and MLPB.

Drawdown Indicators

	AMUB	MLPB	Difference
Max Drawdown Largest peak-to-trough decline	-73.13%	-71.93%	-1.20%
Max Drawdown (1Y) Largest decline over 1 year	-17.04%	-16.49%	-0.55%
Max Drawdown (5Y) Largest decline over 5 years	-20.58%	-20.41%	-0.17%
Max Drawdown (10Y) Largest decline over 10 years	-73.13%	-71.93%	-1.20%
Current Drawdown Current decline from peak	-2.96%	-2.68%	-0.28%
Average Drawdown Average peak-to-trough decline	-14.32%	-15.03%	+0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.62%	6.26%	+0.36%

Volatility

AMUB vs. MLPB - Volatility Comparison

ETRACS Alerian MLP Index ETN Class B (AMUB) and ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) have volatilities of 3.54% and 3.72%, 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.

Volatility by Period

	AMUB	MLPB	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.54%	3.72%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	8.96%	8.96%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	18.90%	18.75%	+0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.01%	20.14%	-0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.89%	28.10%	-1.21%