AMUB vs. MLPX
AMUB (ETRACS Alerian MLP Index ETN Class B) and MLPX (Global X MLP & Energy Infrastructure ETF) are both MLPs funds - AMUB tracks the Alerian MLP Index while MLPX tracks the Solactive MLP & Energy Infrastructure Index. Both are passively managed. Over the past 10 years, AMUB returned 2.79%/yr vs 12.45%/yr for MLPX. A 0.69 correlation means they provide meaningful diversification when combined. AMUB charges 0.80%/yr vs 0.45%/yr for MLPX.
Performance
AMUB vs. MLPX - Performance Comparison
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Returns By Period
In the year-to-date period, AMUB achieves a 14.01% return, which is significantly lower than MLPX's 25.35% return. Over the past 10 years, AMUB has underperformed MLPX with an annualized return of 2.79%, while MLPX has yielded a comparatively higher 12.45% annualized return.
AMUB
- 1D
- 1.92%
- 1M
- -7.94%
- YTD
- 14.01%
- 6M
- 13.63%
- 1Y
- 13.10%
- 3Y*
- 15.44%
- 5Y*
- 11.55%
- 10Y*
- 2.79%
MLPX
- 1D
- 1.68%
- 1M
- -3.98%
- YTD
- 25.35%
- 6M
- 25.51%
- 1Y
- 27.11%
- 3Y*
- 29.56%
- 5Y*
- 21.27%
- 10Y*
- 12.45%
AMUB vs. MLPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMUB ETRACS Alerian MLP Index ETN Class B | 14.01% | 2.05% | 15.68% | 16.89% | 21.91% | 28.83% | -36.47% | -1.78% | -19.25% | -13.07% |
MLPX Global X MLP & Energy Infrastructure ETF | 25.35% | 4.96% | 42.90% | 15.77% | 21.54% | 39.63% | -20.32% | 19.04% | -15.64% | -4.53% |
Correlation
The correlation between AMUB and MLPX 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 (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2015 | 0.69 |
The correlation between AMUB and MLPX shifts across timeframes, from 0.69 (all time) to 0.87 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
AMUB vs. MLPX — Risk / Return Rank
AMUB
MLPX
AMUB vs. MLPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian MLP Index ETN Class B (AMUB) and Global X MLP & Energy Infrastructure ETF (MLPX). 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 | MLPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.30 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 3.33 | -2.09 |
| Martin ratioReturn relative to average drawdown | 3.36 | 8.00 | -4.64 |
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Drawdowns
AMUB vs. MLPX - Drawdown Comparison
The maximum AMUB drawdown since its inception was -79.46%, which is greater than MLPX's maximum drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for AMUB and MLPX.
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Drawdown Indicators
| AMUB | MLPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.46% | -70.67% | -8.79% |
Max Drawdown (1Y)Largest decline over 1 year | -10.69% | -8.18% | -2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -17.22% | -16.77% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -20.58% | -19.72% | -0.86% |
Max Drawdown (10Y)Largest decline over 10 years | -78.86% | -64.70% | -14.16% |
Current DrawdownCurrent decline from peak | -8.53% | -4.34% | -4.19% |
Average DrawdownAverage peak-to-trough decline | -29.11% | -16.58% | -12.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 3.40% | +0.52% |
Volatility
AMUB vs. MLPX - Volatility Comparison
The current volatility for ETRACS Alerian MLP Index ETN Class B (AMUB) is 5.28%, while Global X MLP & Energy Infrastructure ETF (MLPX) has a volatility of 5.80%. This indicates that AMUB experiences smaller price fluctuations and is considered to be less risky than MLPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMUB | MLPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.28% | 5.80% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 10.09% | 11.78% | -1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.85% | 15.43% | -1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.12% | 19.99% | +0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.13% | 26.47% | +0.66% |
AMUB vs. MLPX - Expense Ratio Comparison
AMUB has a 0.80% expense ratio, which is higher than MLPX's 0.45% expense ratio.
Dividends
AMUB vs. MLPX - Dividend Comparison
AMUB has not paid dividends to shareholders, while MLPX's dividend yield for the trailing twelve months is around 4.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMUB ETRACS Alerian MLP Index ETN Class B | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.09% | 4.88% | 4.30% | 5.22% | 5.23% | 5.98% | 8.32% | 5.78% | 5.77% | 4.36% | 5.50% | 4.81% |
Frequently Asked Questions
AMUB and MLPX 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.
MLPX has higher volatility (5.80%) compared to AMUB (5.28%). In terms of maximum drawdown, AMUB dropped -79.46% vs MLPX's -70.67%.
On 10-year performance, MLPX leads with 12.45% vs 2.79% for AMUB. On fees, MLPX is cheaper at 0.45% per year. On volatility, AMUB has been the lower-risk option at 5.28%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, MLPX has performed better with a 12.45% return vs 2.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MLPX is cheaper with a 0.45% expense ratio, compared with 0.80% for AMUB.
MLPX has the higher dividend yield at 4.09%, compared with 0.00% for AMUB.
AMUB tracks Alerian MLP Index, while MLPX tracks Solactive MLP & Energy Infrastructure Index. They also come from different issuers: UBS and Global X. Their fees differ too: 0.80% for AMUB and 0.45% for MLPX.
MLPX currently has the higher Sharpe Ratio (1.77 vs 0.96), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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