CEG vs. AMLP
CEG (Constellation Energy Corp) is a stock, while AMLP (Alerian MLP ETF) is MLPs fund tracking the Alerian MLP Infrastructure Index. Over the past 3 years, CEG returned 38.76%/yr vs 19.61%/yr for AMLP. At a 0.29 correlation, their price movements are largely independent.
Performance
CEG vs. AMLP - Performance Comparison
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Returns By Period
In the year-to-date period, CEG achieves a -28.53% return, which is significantly lower than AMLP's 19.32% return.
CEG
- 1D
- -2.46%
- 1M
- -6.06%
- 6M
- -26.00%
- YTD
- -28.53%
- 1Y
- -17.88%
- 3Y*
- 38.76%
- 5Y*
- —
- 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%
CEG vs. AMLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CEG Constellation Energy Corp | -28.53% | 58.80% | 92.71% | 37.24% | 73.87% |
AMLP Alerian MLP ETF | 19.32% | 5.78% | 22.76% | 21.40% | 9.78% |
Correlation
The correlation between CEG and AMLP is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2022 | 0.29 |
The correlation between CEG and AMLP shifts across timeframes, from -0.07 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CEG vs. AMLP — Risk / Return Rank
CEG
AMLP
CEG vs. AMLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Constellation Energy Corp (CEG) 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.
| CEG | AMLP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -2.52 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.28 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 2.27 | -2.70 |
| Martin ratioReturn relative to average drawdown | -0.81 | 6.33 | -7.14 |
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Drawdowns
CEG vs. AMLP - Drawdown Comparison
The maximum CEG drawdown since its inception was -50.70%, smaller than the maximum AMLP drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for CEG and AMLP.
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Drawdown Indicators
| CEG | AMLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.70% | -77.19% | +26.49% |
Max Drawdown (1Y)Largest decline over 1 year | -41.22% | -8.94% | -32.28% |
Max Drawdown (3Y)Largest decline over 3 years | -50.70% | -14.27% | -36.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.92% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -72.62% | — |
Current DrawdownCurrent decline from peak | -37.42% | -1.62% | -35.80% |
Average DrawdownAverage peak-to-trough decline | -12.15% | -17.31% | +5.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.12% | 3.20% | +18.92% |
Volatility
CEG vs. AMLP - Volatility Comparison
Constellation Energy Corp (CEG) has a higher volatility of 10.36% compared to Alerian MLP ETF (AMLP) at 5.08%. This indicates that CEG's price experiences larger fluctuations and is considered to be riskier 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
| CEG | AMLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.36% | 5.08% | +5.28% |
Volatility (6M)Calculated over the trailing 6-month period | 35.53% | 9.66% | +25.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.83% | 12.59% | +34.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.15% | 19.68% | +29.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.15% | 27.64% | +21.51% |
Dividends
CEG vs. AMLP - Dividend Comparison
CEG's dividend yield for the trailing twelve months is around 0.65%, less 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% |
CEG Constellation Energy Corp | 0.65% | 0.44% | 0.63% | 0.97% | 0.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CEG and AMLP have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CEG has higher volatility (10.36%) compared to AMLP (5.08%). In terms of maximum drawdown, CEG dropped -50.70% vs AMLP's -77.19%.
AMLP currently has the higher Sharpe Ratio (1.61 vs -0.38), 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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