ANRJ.L vs. MLPS.L

Last updated Jun 5, 2026

ANRJ.L (Amundi ETF MSCI Europe Energy UCITS ETF) and MLPS.L (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF) are both Energy Equities funds tracking the MSCI World/Energy NR USD, from Amundi and Invesco respectively. Both are passively managed. Over the past 10 years, ANRJ.L returned 16.23%/yr vs 7.75%/yr for MLPS.L. A 0.51 correlation means they provide meaningful diversification when combined. ANRJ.L charges 0.25%/yr vs 0.50%/yr for MLPS.L.

Performance

ANRJ.L vs. MLPS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi ETF MSCI Europe Energy UCITS ETF (ANRJ.L) and Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ANRJ.L is traded in GBp, while MLPS.L is traded in USD. To make them comparable, the MLPS.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, ANRJ.L achieves a 27.53% return, which is significantly higher than MLPS.L's 19.25% return. Over the past 10 years, ANRJ.L has outperformed MLPS.L with an annualized return of 16.23%, while MLPS.L has yielded a comparatively lower 7.75% annualized return.

ANRJ.L

• 1D: -0.73%
• 1M: -1.44%
• YTD: 27.53%
• 6M: 25.69%
• 1Y: 66.23%
• 3Y*: 33.07%
• 5Y*: 28.76%
• 10Y*: 16.23%

MLPS.L

• 1D: -0.63%
• 1M: 0.78%
• YTD: 19.25%
• 6M: 13.78%
• 1Y: 16.79%
• 3Y*: 15.85%
• 5Y*: 18.55%
• 10Y*: 7.75%

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

ANRJ.L vs. MLPS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ANRJ.L Amundi ETF MSCI Europe Energy UCITS ETF	27.53%	43.26%	10.68%	9.79%	44.73%	26.52%	-27.94%	3.65%	0.61%	9.59%
MLPS.L Invesco Morningstar US Energy Infrastructure MLP UCITS ETF	19.25%	-4.86%	24.76%	13.41%	47.61%	38.07%	-33.22%	3.12%	-9.84%	-16.59%

Correlation

The correlation between ANRJ.L and MLPS.L is 0.04, 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	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Jun 25, 2013	0.51

Over the past year, the correlation between ANRJ.L and MLPS.L has dropped to 0.04 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.

ANRJ.L vs. MLPS.L - Sectors Allocation Comparison

Sectors	ANRJ.L	MLPS.L
Industrials	44.4%	0.2%
Basic Materials	25.7%	-
Utilities	20.6%	3.2%
Consumer Cyclical	7.9%	-
Technology	1.4%	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	96.7%
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

ANRJ.L vs. MLPS.L — Risk / Return Rank

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

ANRJ.L

ANRJ.L Risk / Return Rank: 95
ANRJ.L Sharpe Ratio Rank: 96
ANRJ.L Sortino Ratio Rank: 95
ANRJ.L Omega Ratio Rank: 94
ANRJ.L Calmar Ratio Rank: 95
ANRJ.L Martin Ratio Rank: 94

MLPS.L

MLPS.L Risk / Return Rank: 32
MLPS.L Sharpe Ratio Rank: 31
MLPS.L Sortino Ratio Rank: 29
MLPS.L Omega Ratio Rank: 29
MLPS.L Calmar Ratio Rank: 38
MLPS.L Martin Ratio Rank: 32

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.

ANRJ.L vs. MLPS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi ETF MSCI Europe Energy UCITS ETF (ANRJ.L) and Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPS.L). 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.

	ANRJ.L	MLPS.L	Difference
Sharpe ratio: Return per unit of total volatility	4.01	1.05	+2.96
Sortino ratio: Return per unit of downside risk	5.12	1.49	+3.63
Omega ratio: Gain probability vs. loss probability	1.66	1.18	+0.48
Calmar ratio: Return relative to maximum drawdown	8.15	1.78	+6.37
Martin ratio: Return relative to average drawdown	26.14	4.21	+21.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ANRJ.L vs. MLPS.L - Sharpe Ratio Comparison

The current ANRJ.L Sharpe Ratio is 4.01, which is higher than the MLPS.L Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of ANRJ.L and MLPS.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ANRJ.L	MLPS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.01	1.05	+2.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.36	0.91	+0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	0.27	+0.39
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.19	+0.30

Drawdowns

ANRJ.L vs. MLPS.L - Drawdown Comparison

The maximum ANRJ.L drawdown since its inception was -57.08%, smaller than the maximum MLPS.L drawdown of -75.44%. Use the drawdown chart below to compare losses from any high point for ANRJ.L and MLPS.L.

Drawdown Indicators

	ANRJ.L	MLPS.L	Difference
Max Drawdown Largest peak-to-trough decline	-57.08%	-75.44%	+18.36%
Max Drawdown (1Y) Largest decline over 1 year	-8.08%	-9.40%	+1.32%
Max Drawdown (3Y) Largest decline over 3 years	-13.17%	-19.29%	+6.12%
Max Drawdown (5Y) Largest decline over 5 years	-19.81%	-19.29%	-0.52%
Max Drawdown (10Y) Largest decline over 10 years	-57.08%	-73.86%	+16.78%
Current Drawdown Current decline from peak	-3.59%	-3.41%	-0.18%
Average Drawdown Average peak-to-trough decline	-11.86%	-20.16%	+8.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	3.98%	-1.45%

Volatility

ANRJ.L vs. MLPS.L - Volatility Comparison

Amundi ETF MSCI Europe Energy UCITS ETF (ANRJ.L) has a higher volatility of 6.93% compared to Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPS.L) at 6.04%. This indicates that ANRJ.L's price experiences larger fluctuations and is considered to be riskier than MLPS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANRJ.L	MLPS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.93%	6.04%	+0.89%
Volatility (6M) Calculated over the trailing 6-month period	13.53%	12.20%	+1.33%
Volatility (1Y) Calculated over the trailing 1-year period	16.43%	15.92%	+0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.21%	20.28%	+0.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.69%	28.33%	-3.64%

ANRJ.L vs. MLPS.L - Expense Ratio Comparison

ANRJ.L has a 0.25% expense ratio, which is lower than MLPS.L's 0.50% expense ratio.

Dividends

ANRJ.L vs. MLPS.L - Dividend Comparison

Neither ANRJ.L nor MLPS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ANRJ.L and MLPS.L in my portfolio?

ANRJ.L and MLPS.L have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ANRJ.L or MLPS.L?

On fees, ANRJ.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ANRJ.L or MLPS.L?

ANRJ.L is cheaper with a 0.25% expense ratio, compared with 0.50% for MLPS.L.

What is the main difference between ANRJ.L and MLPS.L?

Both ETFs track MSCI World/Energy NR USD. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.25% for ANRJ.L and 0.50% for MLPS.L.