BTOT vs. AMUB

Last updated Jun 4, 2026

BTOT (iShares Total USD Fixed Income Market ETF) and AMUB (ETRACS Alerian MLP Index ETN Class B) are both exchange-traded funds - BTOT is a Total Bond Market fund tracking the Bloomberg US Total Fixed Income Market Index, while AMUB is a MLPs fund tracking the Alerian MLP Index. Both are passively managed. At a correlation of -0.27, they often move in opposite directions. BTOT charges 0.09%/yr vs 0.80%/yr for AMUB.

Performance

BTOT vs. AMUB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Total USD Fixed Income Market ETF (BTOT) and ETRACS Alerian MLP Index ETN Class B (AMUB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BTOT achieves a 0.39% return, which is significantly lower than AMUB's 16.97% return.

BTOT

• 1D: -0.21%
• 1M: 0.29%
• YTD: 0.39%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMUB

• 1D: -0.23%
• 1M: -2.08%
• YTD: 16.97%
• 6M: 15.25%
• 1Y: 15.77%
• 3Y*: 15.80%
• 5Y*: 12.34%
• 10Y*: 3.05%

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

BTOT vs. AMUB - Yearly Performance Comparison

	2026 (YTD)	2025
BTOT iShares Total USD Fixed Income Market ETF	0.39%	0.31%
AMUB ETRACS Alerian MLP Index ETN Class B	16.97%	-0.86%

Correlation

The correlation between BTOT and AMUB is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 12, 2025	-0.27

Return for Risk

BTOT vs. AMUB — Risk / Return Rank

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

AMUB

AMUB Risk / Return Rank: 31
AMUB Sharpe Ratio Rank: 32
AMUB Sortino Ratio Rank: 31
AMUB Omega Ratio Rank: 30
AMUB Calmar Ratio Rank: 31
AMUB Martin Ratio Rank: 31

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.

BTOT vs. AMUB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Total USD Fixed Income Market ETF (BTOT) and ETRACS Alerian MLP Index ETN Class B (AMUB). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BTOT	AMUB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.18	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.00	+0.41

Drawdowns

BTOT vs. AMUB - Drawdown Comparison

The maximum BTOT drawdown since its inception was -2.36%, smaller than the maximum AMUB drawdown of -79.46%. Use the drawdown chart below to compare losses from any high point for BTOT and AMUB.

Drawdown Indicators

	BTOT	AMUB	Difference
Max Drawdown Largest peak-to-trough decline	-2.36%	-79.46%	+77.10%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.37%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-17.22%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.58%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-78.86%	—
Current Drawdown Current decline from peak	-1.18%	-6.15%	+4.97%
Average Drawdown Average peak-to-trough decline	-0.77%	-29.23%	+28.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.51%	—

Volatility

Volatility by Period

	BTOT	AMUB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.40%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.82%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.70%	13.60%	-9.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.70%	20.24%	-16.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.70%	27.09%	-23.39%

BTOT vs. AMUB - Expense Ratio Comparison

BTOT has a 0.09% expense ratio, which is lower than AMUB's 0.80% expense ratio.

Dividends

BTOT vs. AMUB - Dividend Comparison

BTOT's dividend yield for the trailing twelve months is around 2.13%, while AMUB has not paid dividends to shareholders.

Position	TTM	2025
AMUB ETRACS Alerian MLP Index ETN Class B	0.00%	0.00%
BTOT iShares Total USD Fixed Income Market ETF	2.13%	0.22%

Frequently Asked Questions

Can I hold both BTOT and AMUB in my portfolio?

BTOT and AMUB have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BTOT or AMUB?

On fees, BTOT is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BTOT or AMUB?

BTOT is cheaper with a 0.09% expense ratio, compared with 0.80% for AMUB.

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

BTOT has the higher dividend yield at 2.13%, compared with 0.00% for AMUB.

What is the main difference between BTOT and AMUB?

BTOT is categorized as Total Bond Market, while AMUB is MLPs. BTOT tracks Bloomberg US Total Fixed Income Market Index, while AMUB tracks Alerian MLP Index. They also come from different issuers: iShares and UBS. Their fees differ too: 0.09% for BTOT and 0.80% for AMUB.