AMUB vs. NLR
AMUB (ETRACS Alerian MLP Index ETN Class B) and NLR (VanEck Uranium and Nuclear ETF) are both exchange-traded funds - AMUB is a MLPs fund tracking the Alerian MLP Index, while NLR is a Uranium fund tracking the MVIS Global Uranium & Nuclear Energy Index. Both are passively managed. Over the past 10 years, AMUB returned 3.58%/yr vs 11.00%/yr for NLR. Their 0.30 correlation means their historical movements had little consistent relationship. AMUB charges 0.80%/yr vs 0.56%/yr for NLR.
Performance
AMUB vs. NLR - 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 NLR's -13.99% return. Over the past 10 years, AMUB has underperformed NLR with an annualized return of 3.58%, while NLR has yielded a comparatively higher 11.00% annualized 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%
NLR
- 1D
- -1.41%
- 1M
- -7.05%
- 6M
- -28.16%
- YTD
- -13.99%
- 1Y
- -2.28%
- 3Y*
- 23.67%
- 5Y*
- 18.29%
- 10Y*
- 11.00%
- ALL TIME*
- 3.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.17K | $7.30K | $19.86K | |
| $43.05M | $48.38M | $60.74M |
AMUB vs. NLR - 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% | -13.07% |
NLR VanEck Uranium and Nuclear ETF | -13.99% | 56.50% | 14.26% | 36.67% | 2.29% | 13.63% | 3.49% | 0.20% | 4.94% | 8.25% |
Correlation
The correlation between AMUB and NLR is -0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.20 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.34 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.31 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2015 | 0.30 |
The correlation between AMUB and NLR shifts across timeframes, from -0.07 (1 year) to 0.34 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
AMUB vs. NLR — Risk / Return Rank
AMUB
NLR
AMUB vs. NLR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian MLP Index ETN Class B (AMUB) and VanEck Uranium and Nuclear ETF (NLR). 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 | NLR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.02 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | -0.12 | +1.77 |
| Martin ratioReturn relative to average drawdown | 4.50 | -0.26 | +4.76 |
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Drawdowns
AMUB vs. NLR - Drawdown Comparison
The maximum AMUB drawdown since its inception was -79.46%, which is greater than NLR's maximum drawdown of -65.05%. Use the drawdown chart below to compare losses from any high point for AMUB and NLR.
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Drawdown Indicators
| AMUB | NLR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.46% | -65.05% | -14.41% |
Max Drawdown (1Y)Largest decline over 1 year | -11.02% | -37.52% | +26.50% |
Max Drawdown (3Y)Largest decline over 3 years | -17.22% | -37.52% | +20.30% |
Max Drawdown (5Y)Largest decline over 5 years | -20.58% | -37.52% | +16.94% |
Max Drawdown (10Y)Largest decline over 10 years | -78.86% | -37.52% | -41.34% |
Current DrawdownCurrent decline from peak | -1.28% | -35.01% | +33.73% |
Average DrawdownAverage peak-to-trough decline | -28.87% | -35.67% | +6.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.36% | 17.42% | -13.06% |
Volatility
AMUB vs. NLR - Volatility Comparison
The current volatility for ETRACS Alerian MLP Index ETN Class B (AMUB) is 4.77%, while VanEck Uranium and Nuclear ETF (NLR) has a volatility of 12.90%. This indicates that AMUB experiences smaller price fluctuations and is considered to be less risky than NLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMUB | NLR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 12.90% | -8.13% |
Volatility (6M)Calculated over the trailing 6-month period | 11.09% | 32.42% | -21.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.47% | 43.80% | -29.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.86% | 30.13% | -10.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.18% | 24.58% | +2.60% |
AMUB vs. NLR - Expense Ratio Comparison
AMUB has a 0.80% expense ratio, which is higher than NLR's 0.56% expense ratio.
Dividends
AMUB vs. NLR - Dividend Comparison
AMUB has not paid dividends to shareholders, while NLR's dividend yield for the trailing twelve months is around 2.96%.
| 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% |
NLR VanEck Uranium and Nuclear ETF | 2.96% | 2.55% | 0.76% | 4.54% | 2.02% | 1.99% | 2.23% | 2.21% | 3.91% | 4.86% | 3.62% | 3.30% |
Frequently Asked Questions
AMUB and NLR have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NLR has higher volatility (12.90%) compared to AMUB (4.77%). In terms of maximum drawdown, AMUB dropped -79.46% vs NLR's -65.05%.
On 10-year performance, NLR leads with 11.00% vs 3.58% for AMUB. On fees, NLR is cheaper at 0.56% per year. On volatility, AMUB has been the lower-risk option at 4.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, NLR has performed better with a 11.00% return vs 3.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NLR is cheaper with a 0.56% expense ratio, compared with 0.80% for AMUB.
NLR has the higher dividend yield at 2.96%, compared with 0.00% for AMUB.
AMUB is categorized as MLPs, while NLR is Uranium. AMUB tracks Alerian MLP Index, while NLR tracks MVIS Global Uranium & Nuclear Energy Index. They also come from different issuers: UBS and VanEck. Their fees differ too: 0.80% for AMUB and 0.56% for NLR.
AMUB currently has the higher Sharpe Ratio (1.26 vs -0.10), 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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