AMUB vs. MMIN
AMUB (ETRACS Alerian MLP Index ETN Class B) and MMIN (IQ MacKay Municipal Insured ETF) are both exchange-traded funds - AMUB is a MLPs fund tracking the Alerian MLP Index, while MMIN is a Municipal Bonds fund tracking the Bloomberg Barclays Municipal All Insured Bond Index. Both are passively managed. Over the past 5 years, AMUB returned 15.00%/yr vs 0.30%/yr for MMIN. Their -0.03 correlation means they have often moved in opposite directions in the past. AMUB charges 0.80%/yr vs 0.31%/yr for MMIN.
Performance
AMUB vs. MMIN - Performance Comparison
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Returns By Period
In the year-to-date period, AMUB achieves a 23.05% return, which is significantly higher than MMIN's 1.04% return.
AMUB
- 1D
- 1.06%
- 1M
- 7.16%
- 6M
- 13.97%
- YTD
- 23.05%
- 1Y
- 20.12%
- 3Y*
- 15.25%
- 5Y*
- 15.00%
- 10Y*
- 3.58%
- ALL TIME*
- 0.51%
MMIN
- 1D
- -0.06%
- 1M
- -1.99%
- 6M
- 0.15%
- YTD
- 1.04%
- 1Y
- 6.73%
- 3Y*
- 3.41%
- 5Y*
- 0.30%
- 10Y*
- —
- ALL TIME*
- 2.43%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.17K | $7.30K | $19.86K | |
| $2.09M | $1.90M | $1.85M |
AMUB vs. MMIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMUB ETRACS Alerian MLP Index ETN Class B | 23.05% | 2.05% | 15.68% | 16.89% | 21.91% | 28.83% | -36.47% | -1.78% | -19.25% | -3.62% |
MMIN IQ MacKay Municipal Insured ETF | 1.04% | 4.65% | 0.93% | 7.45% | -11.20% | 1.35% | 7.47% | 8.08% | 1.97% | 1.00% |
Correlation
The correlation between AMUB and MMIN is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.21 |
Correlation (3Y) Balances recent behavior with more history. | -0.02 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2017 | -0.03 |
The correlation between AMUB and MMIN shifts across timeframes, from -0.21 (1 year) to -0.01 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
AMUB vs. MMIN — Risk / Return Rank
AMUB
MMIN
AMUB vs. MMIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian MLP Index ETN Class B (AMUB) and IQ MacKay Municipal Insured ETF (MMIN). 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 | MMIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.43 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 2.63 | -0.98 |
| Martin ratioReturn relative to average drawdown | 4.50 | 9.23 | -4.73 |
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Drawdowns
AMUB vs. MMIN - Drawdown Comparison
The maximum AMUB drawdown since its inception was -79.46%, which is greater than MMIN's maximum drawdown of -16.87%. Use the drawdown chart below to compare losses from any high point for AMUB and MMIN.
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Drawdown Indicators
| AMUB | MMIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.46% | -16.87% | -62.59% |
Max Drawdown (1Y)Largest decline over 1 year | -11.02% | -2.87% | -8.15% |
Max Drawdown (3Y)Largest decline over 3 years | -17.22% | -5.82% | -11.40% |
Max Drawdown (5Y)Largest decline over 5 years | -20.58% | -16.81% | -3.77% |
Max Drawdown (10Y)Largest decline over 10 years | -78.86% | — | — |
Current DrawdownCurrent decline from peak | -1.28% | -2.06% | +0.78% |
Average DrawdownAverage peak-to-trough decline | -28.87% | -4.26% | -24.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.36% | 0.82% | +3.54% |
Volatility
AMUB vs. MMIN - Volatility Comparison
ETRACS Alerian MLP Index ETN Class B (AMUB) has a higher volatility of 4.77% compared to IQ MacKay Municipal Insured ETF (MMIN) at 1.17%. This indicates that AMUB's price experiences larger fluctuations and is considered to be riskier than MMIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMUB | MMIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 1.17% | +3.60% |
Volatility (6M)Calculated over the trailing 6-month period | 11.09% | 2.71% | +8.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.47% | 3.59% | +10.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.86% | 5.05% | +14.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.18% | 6.93% | +20.25% |
AMUB vs. MMIN - Expense Ratio Comparison
AMUB has a 0.80% expense ratio, which is higher than MMIN's 0.31% expense ratio.
Dividends
AMUB vs. MMIN - Dividend Comparison
AMUB has not paid dividends to shareholders, while MMIN's dividend yield for the trailing twelve months is around 4.42%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
MMIN IQ MacKay Municipal Insured ETF | 4.07% | 4.07% | 3.96% | 3.73% | 2.93% | 1.72% | 2.21% | 2.75% | 2.78% | 0.47% |
Frequently Asked Questions
AMUB and MMIN have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMUB has higher volatility (4.77%) compared to MMIN (1.17%). In terms of maximum drawdown, AMUB dropped -79.46% vs MMIN's -16.87%.
On 5-year performance, AMUB leads with 15.00% vs 0.30% for MMIN. On fees, MMIN is cheaper at 0.31% per year. On volatility, MMIN has been the lower-risk option at 1.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AMUB has performed better with a 15.00% return vs 0.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MMIN is cheaper with a 0.31% expense ratio, compared with 0.80% for AMUB.
MMIN has the higher dividend yield at 4.07%, compared with 0.00% for AMUB.
AMUB is categorized as MLPs, while MMIN is Municipal Bonds. AMUB tracks Alerian MLP Index, while MMIN tracks Bloomberg Barclays Municipal All Insured Bond Index. They also come from different issuers: UBS and New York Life. Their fees differ too: 0.80% for AMUB and 0.31% for MMIN.
MMIN currently has the higher Sharpe Ratio (2.11 vs 1.26), 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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