BMEZ vs. AMLP
BMEZ (BlackRock Health Sciences Trust II) is a stock, while AMLP (Alerian MLP ETF) is MLPs fund tracking the Alerian MLP Infrastructure Index. Over the past 5 years, BMEZ returned -2.32%/yr vs 19.03%/yr for AMLP. At a 0.27 correlation, their price movements are largely independent.
Performance
BMEZ vs. AMLP - Performance Comparison
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Returns By Period
In the year-to-date period, BMEZ achieves a 6.65% return, which is significantly lower than AMLP's 19.32% return.
BMEZ
- 1D
- 0.00%
- 1M
- 5.44%
- 6M
- 4.09%
- YTD
- 6.65%
- 1Y
- 19.60%
- 3Y*
- 8.99%
- 5Y*
- -2.32%
- 10Y*
- —
AMLP
- 1D
- 1.41%
- 1M
- 5.83%
- 6M
- 14.27%
- YTD
- 19.32%
- 1Y
- 20.19%
- 3Y*
- 19.61%
- 5Y*
- 19.03%
- 10Y*
- 6.80%
BMEZ vs. AMLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BMEZ BlackRock Health Sciences Trust II | 6.65% | 18.69% | 9.54% | 5.07% | -32.65% | -6.00% | 48.99% |
AMLP Alerian MLP ETF | 19.32% | 5.78% | 22.76% | 21.40% | 25.47% | 39.09% | -29.86% |
Correlation
The correlation between BMEZ and AMLP is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2020 | 0.27 |
Over the past year, the correlation between BMEZ and AMLP has dropped to 0.01 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.
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Return for Risk
BMEZ vs. AMLP — Risk / Return Rank
BMEZ
AMLP
BMEZ vs. AMLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Health Sciences Trust II (BMEZ) and Alerian MLP ETF (AMLP). 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.
| BMEZ | AMLP | 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 | 1.23 | 1.28 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.27 | -0.52 |
| Martin ratioReturn relative to average drawdown | 4.31 | 6.33 | -2.02 |
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Drawdowns
BMEZ vs. AMLP - Drawdown Comparison
The maximum BMEZ drawdown since its inception was -46.19%, smaller than the maximum AMLP drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for BMEZ and AMLP.
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Drawdown Indicators
| BMEZ | AMLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.19% | -77.19% | +31.00% |
Max Drawdown (1Y)Largest decline over 1 year | -11.24% | -8.94% | -2.30% |
Max Drawdown (3Y)Largest decline over 3 years | -18.41% | -14.27% | -4.14% |
Max Drawdown (5Y)Largest decline over 5 years | -46.17% | -20.92% | -25.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -72.62% | — |
Current DrawdownCurrent decline from peak | -14.45% | -1.62% | -12.83% |
Average DrawdownAverage peak-to-trough decline | -24.02% | -17.31% | -6.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 3.20% | +1.36% |
Volatility
BMEZ vs. AMLP - Volatility Comparison
The current volatility for BlackRock Health Sciences Trust II (BMEZ) is 3.56%, while Alerian MLP ETF (AMLP) has a volatility of 5.08%. This indicates that BMEZ experiences smaller price fluctuations and is considered to be less risky than AMLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMEZ | AMLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.56% | 5.08% | -1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 11.33% | 9.66% | +1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.08% | 12.59% | +2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.89% | 19.68% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.00% | 27.64% | -3.64% |
Dividends
BMEZ vs. AMLP - Dividend Comparison
BMEZ's dividend yield for the trailing twelve months is around 9.38%, more than AMLP's 7.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMLP Alerian MLP ETF | 7.45% | 8.36% | 7.70% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.29% | 7.97% | 8.09% | 9.84% |
BMEZ BlackRock Health Sciences Trust II | 9.38% | 12.43% | 11.74% | 10.80% | 11.28% | 6.51% | 3.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BMEZ and AMLP have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMLP has higher volatility (5.08%) compared to BMEZ (3.56%). In terms of maximum drawdown, BMEZ dropped -46.19% vs AMLP's -77.19%.
AMLP currently has the higher Sharpe Ratio (1.61 vs 1.31), 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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