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 2.59%/yr vs 13.17%/yr for NLR. At a 0.31 correlation, their price movements are largely independent. 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 11.87% return, which is significantly higher than NLR's 0.28% return. Over the past 10 years, AMUB has underperformed NLR with an annualized return of 2.59%, while NLR has yielded a comparatively higher 13.17% annualized return.
AMUB
- 1D
- -0.02%
- 1M
- -9.67%
- YTD
- 11.87%
- 6M
- 11.94%
- 1Y
- 10.22%
- 3Y*
- 14.71%
- 5Y*
- 11.11%
- 10Y*
- 2.59%
NLR
- 1D
- -1.88%
- 1M
- -4.81%
- YTD
- 0.28%
- 6M
- -2.76%
- 1Y
- 19.25%
- 3Y*
- 32.30%
- 5Y*
- 21.55%
- 10Y*
- 13.17%
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 | 11.87% | 2.05% | 15.68% | 16.89% | 21.91% | 28.83% | -36.47% | -1.78% | -19.25% | -13.07% |
NLR VanEck Uranium and Nuclear ETF | 0.28% | 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 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2015 | 0.31 |
Over the past year, the correlation between AMUB and NLR has dropped to 0.00 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
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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 | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.11 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 0.65 | +0.31 |
| Martin ratioReturn relative to average drawdown | 2.64 | 1.40 | +1.24 |
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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 | -10.69% | -29.72% | +19.03% |
Max Drawdown (3Y)Largest decline over 3 years | -17.22% | -30.48% | +13.26% |
Max Drawdown (5Y)Largest decline over 5 years | -20.58% | -30.48% | +9.90% |
Max Drawdown (10Y)Largest decline over 10 years | -78.86% | -34.35% | -44.51% |
Current DrawdownCurrent decline from peak | -10.25% | -24.23% | +13.98% |
Average DrawdownAverage peak-to-trough decline | -29.12% | -35.69% | +6.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.89% | 13.74% | -9.85% |
Volatility
AMUB vs. NLR - Volatility Comparison
The current volatility for ETRACS Alerian MLP Index ETN Class B (AMUB) is 4.72%, while VanEck Uranium and Nuclear ETF (NLR) has a volatility of 13.63%. 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 | 4.72% | 13.63% | -8.91% |
Volatility (6M)Calculated over the trailing 6-month period | 9.95% | 33.02% | -23.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.75% | 42.85% | -29.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.11% | 29.62% | -9.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.12% | 24.27% | +2.85% |
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 2.54%.
| 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 | 2.54% | 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 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NLR has higher volatility (13.63%) compared to AMUB (4.72%). In terms of maximum drawdown, AMUB dropped -79.46% vs NLR's -65.05%.
On 10-year performance, NLR leads with 13.17% vs 2.59% for AMUB. On fees, NLR is cheaper at 0.56% per year. On volatility, AMUB has been the lower-risk option at 4.72%. 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 13.17% return vs 2.59%. 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 2.54%, 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 (0.75 vs 0.45), 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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