AMUB vs. UMI

Last updated Jun 23, 2026

AMUB (ETRACS Alerian MLP Index ETN Class B) and UMI (USCF Midstream Energy Income Fund ETF) are both exchange-traded funds - AMUB is a MLPs fund tracking the Alerian MLP Index, while UMI is a Energy Equities fund actively managed by Wainwright, Inc.. AMUB is passively managed, while UMI is actively managed. Over the past 5 years, AMUB returned 11.11%/yr vs 20.20%/yr for UMI. A 0.70 correlation means they provide meaningful diversification when combined. AMUB charges 0.80%/yr vs 0.85%/yr for UMI.

Performance

AMUB vs. UMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS Alerian MLP Index ETN Class B (AMUB) and USCF Midstream Energy Income Fund ETF (UMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMUB achieves a 11.87% return, which is significantly lower than UMI's 21.76% 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%

UMI

• 1D: 0.96%
• 1M: -5.27%
• YTD: 21.76%
• 6M: 23.01%
• 1Y: 24.46%
• 3Y*: 27.84%
• 5Y*: 20.20%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMUB vs. UMI - 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%	1.63%
UMI USCF Midstream Energy Income Fund ETF	21.76%	5.11%	42.97%	14.60%	20.78%	20.97%	-8.25%	21.06%	-10.64%	2.76%

Correlation

The correlation between AMUB and UMI is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Nov 30, 2017	0.70

The correlation between AMUB and UMI shifts across timeframes, from 0.70 (all time) to 0.87 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

AMUB vs. UMI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMUB

AMUB Risk / Return Rank: 21
AMUB Sharpe Ratio Rank: 22
AMUB Sortino Ratio Rank: 21
AMUB Omega Ratio Rank: 20
AMUB Calmar Ratio Rank: 21
AMUB Martin Ratio Rank: 22

UMI

UMI Risk / Return Rank: 54
UMI Sharpe Ratio Rank: 52
UMI Sortino Ratio Rank: 51
UMI Omega Ratio Rank: 48
UMI Calmar Ratio Rank: 68
UMI Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMUB vs. UMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian MLP Index ETN Class B (AMUB) and USCF Midstream Energy Income Fund ETF (UMI). 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	UMI	Difference
Sharpe ratio: Return per unit of total volatility	0.75	1.73	-0.98
Sortino ratio: Return per unit of downside risk	1.12	2.40	-1.28
Omega ratio: Gain probability vs. loss probability	1.13	1.30	-0.17
Calmar ratio: Return relative to maximum drawdown	0.96	3.28	-2.31
Martin ratio: Return relative to average drawdown	2.64	8.47	-5.83

AMUB vs. UMI - Sharpe Ratio Comparison

The current AMUB Sharpe Ratio is 0.75, which is lower than the UMI Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of AMUB and UMI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AMUB vs. UMI - Drawdown Comparison

The maximum AMUB drawdown since its inception was -79.46%, which is greater than UMI's maximum drawdown of -48.08%. Use the drawdown chart below to compare losses from any high point for AMUB and UMI.

Drawdown Indicators

	AMUB	UMI	Difference
Max Drawdown Largest peak-to-trough decline	-79.46%	-48.08%	-31.38%
Max Drawdown (1Y) Largest decline over 1 year	-10.69%	-7.50%	-3.19%
Max Drawdown (3Y) Largest decline over 3 years	-17.22%	-17.08%	-0.14%
Max Drawdown (5Y) Largest decline over 5 years	-20.58%	-20.05%	-0.53%
Max Drawdown (10Y) Largest decline over 10 years	-78.86%	—	—
Current Drawdown Current decline from peak	-10.25%	-5.35%	-4.90%
Average Drawdown Average peak-to-trough decline	-29.12%	-6.59%	-22.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.89%	2.90%	+0.99%

Volatility

AMUB vs. UMI - Volatility Comparison

The current volatility for ETRACS Alerian MLP Index ETN Class B (AMUB) is 4.72%, while USCF Midstream Energy Income Fund ETF (UMI) has a volatility of 5.33%. This indicates that AMUB experiences smaller price fluctuations and is considered to be less risky than UMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMUB	UMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	5.33%	-0.61%
Volatility (6M) Calculated over the trailing 6-month period	9.95%	11.05%	-1.10%
Volatility (1Y) Calculated over the trailing 1-year period	13.75%	14.23%	-0.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.11%	19.45%	+0.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.12%	23.16%	+3.96%

AMUB vs. UMI - Expense Ratio Comparison

AMUB has a 0.80% expense ratio, which is lower than UMI's 0.85% expense ratio.

Dividends

AMUB vs. UMI - Dividend Comparison

AMUB has not paid dividends to shareholders, while UMI's dividend yield for the trailing twelve months is around 6.02%.

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%
UMI USCF Midstream Energy Income Fund ETF	6.02%	6.23%	4.39%	4.67%	4.36%	3.00%	2.18%	2.47%	2.48%	0.15%

Frequently Asked Questions

Can I hold both AMUB and UMI in my portfolio?

AMUB and UMI have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMUB or UMI?

UMI has higher volatility (5.33%) compared to AMUB (4.72%). In terms of maximum drawdown, AMUB dropped -79.46% vs UMI's -48.08%.

Which ETF is better, AMUB or UMI?

On 5-year performance, UMI leads with 20.20% vs 11.11% for AMUB. On fees, AMUB is cheaper at 0.80% 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.

Which ETF has performed better, AMUB or UMI?

Over the 5-year period, UMI has performed better with a 20.20% return vs 11.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMUB or UMI?

AMUB is cheaper with a 0.80% expense ratio, compared with 0.85% for UMI.

Which ETF pays a higher dividend yield, AMUB or UMI?

UMI has the higher dividend yield at 6.02%, compared with 0.00% for AMUB.

What is the main difference between AMUB and UMI?

AMUB is categorized as MLPs, while UMI is Energy Equities. They also come from different issuers: UBS and Wainwright, Inc.. Their fees differ too: 0.80% for AMUB and 0.85% for UMI.

Which has better risk-adjusted returns?

UMI currently has the higher Sharpe Ratio (1.73 vs 0.75), 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.