IETH vs. AMLP
IETH (Bitwise Ethereum Option Income Strategy ETF) and AMLP (Alerian MLP ETF) are both exchange-traded funds - IETH is a Derivative Income fund actively managed by Bitwise, while AMLP is a MLPs fund tracking the Alerian MLP Infrastructure Index. IETH is actively managed, while AMLP is passively managed. Their -0.04 correlation means they have often moved in opposite directions in the past. IETH charges 0.97%/yr vs 0.90%/yr for AMLP.
Performance
IETH vs. AMLP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IETH achieves a -32.43% return, which is significantly lower than AMLP's 21.95% return.
IETH
- 1D
- 0.43%
- 1M
- 7.22%
- 6M
- -14.64%
- YTD
- -32.43%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
AMLP
- 1D
- -0.33%
- 1M
- 5.92%
- 6M
- 15.63%
- YTD
- 21.95%
- 1Y
- 20.87%
- 3Y*
- 19.72%
- 5Y*
- 20.29%
- 10Y*
- 7.06%
- ALL TIME*
- 5.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AMLP Alerian MLP ETF | $68.05M | $61.93M | $74.57M |
| $5.90K | $4.22K | $6.65K |
IETH vs. AMLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IETH Bitwise Ethereum Option Income Strategy ETF | -32.43% | -27.34% |
AMLP Alerian MLP ETF | 21.95% | 2.46% |
Correlation
The correlation between IETH and AMLP is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025 | -0.04 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IETH vs. AMLP — Risk / Return Rank
IETH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AMLP
IETH vs. AMLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Ethereum Option Income Strategy ETF (IETH) 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.
| IETH | AMLP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.48 | — |
| Martin ratioReturn relative to average drawdown | — | 6.92 | — |
Loading charts...
Drawdowns
IETH vs. AMLP - Drawdown Comparison
The maximum IETH drawdown since its inception was -59.76%, smaller than the maximum AMLP drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for IETH and AMLP.
Loading charts...
Drawdown Indicators
| IETH | AMLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.76% | -77.19% | +17.43% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.47% | — |
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 | -53.29% | -0.33% | -52.96% |
Average DrawdownAverage peak-to-trough decline | -40.45% | -17.26% | -23.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.02% | — |
Volatility
IETH vs. AMLP - Volatility Comparison
Loading charts...
Volatility by Period
| IETH | AMLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.99% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.79% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 57.92% | 12.50% | +45.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.92% | 19.37% | +38.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.92% | 27.65% | +30.27% |
IETH vs. AMLP - Expense Ratio Comparison
IETH has a 0.97% expense ratio, which is higher than AMLP's 0.90% expense ratio.
Dividends
IETH vs. AMLP - Dividend Comparison
IETH's dividend yield for the trailing twelve months is around 46.82%, more than AMLP's 7.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMLP Alerian MLP ETF | 7.29% | 8.36% | 7.70% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.29% | 7.97% | 8.09% | 9.84% |
IETH Bitwise Ethereum Option Income Strategy ETF | 46.82% | 18.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IETH and AMLP 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.
On fees, AMLP is cheaper at 0.90% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMLP is cheaper with a 0.90% expense ratio, compared with 0.97% for IETH.
IETH has the higher dividend yield at 46.82%, compared with 7.29% for AMLP.
IETH is categorized as Derivative Income, while AMLP is MLPs. They also come from different issuers: Bitwise and SS&C. Their fees differ too: 0.97% for IETH and 0.90% for AMLP.
Find the right allocation for IETH and AMLP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer