AMUB vs. QULL
Compare and contrast key facts about ETRACS Alerian MLP Index ETN Class B (AMUB) and ETRACS 2x Leveraged MSCI US Quality Factor TR ETN (QULL).
AMUB and QULL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMUB is a passively managed fund by UBS that tracks the performance of the Alerian MLP Index. It was launched on Oct 8, 2015. QULL is a passively managed fund by UBS that tracks the performance of the MSCI USA Sector Neutral Quality Index. It was launched on Feb 5, 2021. Both AMUB and QULL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
AMUB vs. QULL - Performance Comparison
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AMUB vs. QULL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AMUB ETRACS Alerian MLP Index ETN Class B | 16.54% | 8.70% | 23.05% | 25.39% | 29.89% | 26.12% |
QULL ETRACS 2x Leveraged MSCI US Quality Factor TR ETN | -8.08% | 17.61% | 38.03% | 57.07% | -42.00% | 51.36% |
Returns By Period
In the year-to-date period, AMUB achieves a 16.54% return, which is significantly higher than QULL's -8.08% return.
AMUB
- 1D
- -1.33%
- 1M
- 1.05%
- YTD
- 16.54%
- 6M
- 20.87%
- 1Y
- 12.97%
- 3Y*
- 23.44%
- 5Y*
- 23.20%
- 10Y*
- 10.32%
QULL
- 1D
- 6.13%
- 1M
- -12.81%
- YTD
- -8.08%
- 6M
- -4.77%
- 1Y
- 18.86%
- 3Y*
- 26.25%
- 5Y*
- 13.54%
- 10Y*
- —
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AMUB vs. QULL - Expense Ratio Comparison
AMUB has a 0.80% expense ratio, which is lower than QULL's 0.95% expense ratio.
Return for Risk
AMUB vs. QULL — Risk / Return Rank
AMUB
QULL
AMUB vs. QULL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian MLP Index ETN Class B (AMUB) and ETRACS 2x Leveraged MSCI US Quality Factor TR ETN (QULL). 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.
| AMUB | QULL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.69 | 0.50 | +0.18 |
Sortino ratioReturn per unit of downside risk | 0.98 | 1.01 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.14 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.72 | 0.84 | -0.12 |
Martin ratioReturn relative to average drawdown | 1.85 | 3.97 | -2.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AMUB | QULL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 0.50 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.17 | 0.38 | +0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.43 | -0.16 |
Correlation
The correlation between AMUB and QULL is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
AMUB vs. QULL - Dividend Comparison
AMUB's dividend yield for the trailing twelve months is around 5.79%, while QULL has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMUB ETRACS Alerian MLP Index ETN Class B | 5.79% | 6.54% | 6.02% | 6.54% | 6.35% | 7.34% | 10.94% | 8.36% | 8.48% | 7.00% | 6.61% | 2.25% |
QULL ETRACS 2x Leveraged MSCI US Quality Factor TR ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AMUB vs. QULL - Drawdown Comparison
The maximum AMUB drawdown since its inception was -73.13%, which is greater than QULL's maximum drawdown of -51.83%. Use the drawdown chart below to compare losses from any high point for AMUB and QULL.
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Drawdown Indicators
| AMUB | QULL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.13% | -51.83% | -21.30% |
Max Drawdown (1Y)Largest decline over 1 year | -17.04% | -24.81% | +7.77% |
Max Drawdown (5Y)Largest decline over 5 years | -20.58% | -51.83% | +31.25% |
Max Drawdown (10Y)Largest decline over 10 years | -73.13% | — | — |
Current DrawdownCurrent decline from peak | -2.96% | -13.42% | +10.46% |
Average DrawdownAverage peak-to-trough decline | -14.32% | -14.46% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.62% | 5.27% | +1.35% |
Volatility
AMUB vs. QULL - Volatility Comparison
The current volatility for ETRACS Alerian MLP Index ETN Class B (AMUB) is 3.54%, while ETRACS 2x Leveraged MSCI US Quality Factor TR ETN (QULL) has a volatility of 11.40%. This indicates that AMUB experiences smaller price fluctuations and is considered to be less risky than QULL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMUB | QULL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 11.40% | -7.86% |
Volatility (6M)Calculated over the trailing 6-month period | 8.96% | 19.77% | -10.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.90% | 37.56% | -18.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.01% | 35.65% | -15.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.89% | 35.50% | -8.61% |