AMUB vs. MLPI

Last updated Jul 14, 2026

AMUB (ETRACS Alerian MLP Index ETN Class B) and MLPI (NEOS MLP & Energy Infrastructure High Income ETF) are both MLPs funds. AMUB is passively managed, while MLPI is actively managed. A 0.71 correlation means they provide meaningful diversification when combined. AMUB charges 0.80%/yr vs 0.68%/yr for MLPI.

Performance

AMUB vs. MLPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS Alerian MLP Index ETN Class B (AMUB) and NEOS MLP & Energy Infrastructure High Income ETF (MLPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMUB achieves a 18.96% return, which is significantly lower than MLPI's 20.53% return.

AMUB

• 1D: 2.18%
• 1M: 2.62%
• 6M: 15.37%
• YTD: 18.96%
• 1Y: 17.43%
• 3Y*: 15.30%
• 5Y*: 13.69%
• 10Y*: 3.23%

MLPI

• 1D: 1.17%
• 1M: 1.14%
• 6M: 21.89%
• YTD: 20.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMUB vs. MLPI - Yearly Performance Comparison

	2026 (YTD)	2025
AMUB ETRACS Alerian MLP Index ETN Class B	18.96%	-0.00%
MLPI NEOS MLP & Energy Infrastructure High Income ETF	20.53%	0.36%

Correlation

The correlation between AMUB and MLPI is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025	0.71

Return for Risk

AMUB vs. MLPI — Risk / Return Rank

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

AMUB

AMUB Risk / Return Rank: 40
AMUB Sharpe Ratio Rank: 43
AMUB Sortino Ratio Rank: 42
AMUB Omega Ratio Rank: 40
AMUB Calmar Ratio Rank: 39
AMUB Martin Ratio Rank: 34

MLPI

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

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. MLPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian MLP Index ETN Class B (AMUB) and NEOS MLP & Energy Infrastructure High Income ETF (MLPI). 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.

	AMUB	MLPI	Difference
Sharpe ratio: Return per unit of total volatility	1.22	—	—
Sortino ratio: Return per unit of downside risk	1.76	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.60	—	—
Martin ratio: Return relative to average drawdown	4.07	—	—

Drawdowns

AMUB vs. MLPI - Drawdown Comparison

The maximum AMUB drawdown since its inception was -79.46%, which is greater than MLPI's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for AMUB and MLPI.

Drawdown Indicators

	AMUB	MLPI	Difference
Max Drawdown Largest peak-to-trough decline	-79.46%	-5.38%	-74.08%
Max Drawdown (1Y) Largest decline over 1 year	-11.02%	—	—
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	-4.56%	-1.42%	-3.14%
Average Drawdown Average peak-to-trough decline	-29.01%	-1.59%	-27.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.30%	—	—

Volatility

Volatility by Period

	AMUB	MLPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.18%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.99%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.40%	13.34%	+1.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.11%	13.34%	+6.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.17%	13.34%	+13.83%

AMUB vs. MLPI - Expense Ratio Comparison

AMUB has a 0.80% expense ratio, which is higher than MLPI's 0.68% expense ratio.

Dividends

AMUB vs. MLPI - Dividend Comparison

AMUB has not paid dividends to shareholders, while MLPI's dividend yield for the trailing twelve months is around 7.14%.

Position	TTM
AMUB ETRACS Alerian MLP Index ETN Class B	0.00%
MLPI NEOS MLP & Energy Infrastructure High Income ETF	7.14%

Frequently Asked Questions

Can I hold both AMUB and MLPI in my portfolio?

AMUB and MLPI have a correlation of 0.71, 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 MLPI?

On fees, MLPI is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMUB or MLPI?

MLPI is cheaper with a 0.68% expense ratio, compared with 0.80% for AMUB.

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

MLPI has the higher dividend yield at 7.14%, compared with 0.00% for AMUB.

What is the main difference between AMUB and MLPI?

They also come from different issuers: UBS and NEOS. Their fees differ too: 0.80% for AMUB and 0.68% for MLPI.