IBIT vs. AMLP
IBIT (iShares Bitcoin Trust ETF) and AMLP (Alerian MLP ETF) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while AMLP is a MLPs fund tracking the Alerian MLP Infrastructure Index. Both are passively managed. Over the past year, IBIT returned -40.63% vs 14.76% for AMLP. At a 0.16 correlation, their price movements are largely independent. IBIT charges 0.25%/yr vs 0.90%/yr for AMLP.
Performance
IBIT vs. AMLP - Performance Comparison
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Returns By Period
In the year-to-date period, IBIT achieves a -27.41% return, which is significantly lower than AMLP's 15.29% return.
IBIT
- 1D
- -0.03%
- 1M
- -20.12%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AMLP
- 1D
- -0.34%
- 1M
- -1.96%
- YTD
- 15.29%
- 6M
- 14.35%
- 1Y
- 14.76%
- 3Y*
- 20.22%
- 5Y*
- 15.26%
- 10Y*
- 6.92%
IBIT vs. AMLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
AMLP Alerian MLP ETF | 15.29% | 5.78% | 21.76% |
Correlation
The correlation between IBIT and AMLP is -0.00, 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 | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.16 |
The correlation between IBIT and AMLP shifts across timeframes, from -0.00 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBIT vs. AMLP — Risk / Return Rank
IBIT
AMLP
IBIT vs. AMLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) 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.
| IBIT | AMLP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.18 | ||
| Sortino ratioReturn per unit of downside risk | -3.09 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.22 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 1.66 | -2.44 |
| Martin ratioReturn relative to average drawdown | -1.37 | 5.35 | -6.73 |
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Drawdowns
IBIT vs. AMLP - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, smaller than the maximum AMLP drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for IBIT and AMLP.
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Drawdown Indicators
| IBIT | AMLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -77.19% | +25.08% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -8.94% | -43.17% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.27% | — |
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 | -49.45% | -4.94% | -44.51% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -17.37% | +0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.64% | 2.77% | +26.87% |
Volatility
IBIT vs. AMLP - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 12.07% compared to Alerian MLP ETF (AMLP) at 4.71%. This indicates that IBIT'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
| IBIT | AMLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.07% | 4.71% | +7.36% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 8.77% | +25.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 11.84% | +32.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 19.95% | +30.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 27.67% | +22.59% |
IBIT vs. AMLP - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is lower than AMLP's 0.90% expense ratio.
Dividends
IBIT vs. AMLP - Dividend Comparison
IBIT has not paid dividends to shareholders, while AMLP's dividend yield for the trailing twelve months is around 7.71%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMLP Alerian MLP ETF | 7.71% | 8.36% | 7.70% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.29% | 7.97% | 8.09% | 9.84% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBIT and AMLP have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (12.07%) compared to AMLP (4.71%). In terms of maximum drawdown, IBIT dropped -52.11% vs AMLP's -77.19%.
On 1-year performance, AMLP leads with 14.76% vs -40.63% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, AMLP has been the lower-risk option at 4.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AMLP has performed better with a 14.76% return vs -40.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.90% for AMLP.
AMLP has the higher dividend yield at 7.71%, compared with 0.00% for IBIT.
IBIT is categorized as Cryptocurrency, while AMLP is MLPs. IBIT tracks CME CF Bitcoin Reference Rate - New York Variant, while AMLP tracks Alerian MLP Infrastructure Index. They also come from different issuers: iShares and SS&C. Their fees differ too: 0.25% for IBIT and 0.90% for AMLP.
AMLP currently has the higher Sharpe Ratio (1.25 vs -0.92), 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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