JMLP.DE vs. PMLP.L

Last updated Jun 5, 2026

JMLP.DE (HANetf Alerian Midstream Energy Dividend UCITS ETF) and PMLP.L (HANetf Alerian Midstream Energy Dividend UCITS ETF) are both Energy Equities funds from HANetf - JMLP.DE tracks the Alerian Midstream Energy Dividend while PMLP.L tracks the MSCI World/Energy NR USD. Both are passively managed. Over the past 5 years, JMLP.DE returned 23.96%/yr vs 19.50%/yr for PMLP.L. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.40% expense ratio.

Performance

JMLP.DE vs. PMLP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in HANetf Alerian Midstream Energy Dividend UCITS ETF (JMLP.DE) and HANetf Alerian Midstream Energy Dividend UCITS ETF (PMLP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JMLP.DE is traded in EUR, while PMLP.L is traded in GBp. To make them comparable, the PMLP.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with JMLP.DE having a 27.39% return and PMLP.L slightly lower at 26.72%.

JMLP.DE

• 1D: -1.02%
• 1M: 0.18%
• YTD: 27.39%
• 6M: 24.82%
• 1Y: 24.53%
• 3Y*: 24.31%
• 5Y*: 23.96%
• 10Y*: —

PMLP.L

• 1D: -0.96%
• 1M: 3.28%
• YTD: 26.72%
• 6M: 23.59%
• 1Y: 25.86%
• 3Y*: 21.79%
• 5Y*: 19.50%
• 10Y*: —

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

JMLP.DE vs. PMLP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
JMLP.DE HANetf Alerian Midstream Energy Dividend UCITS ETF	27.39%	-5.93%	44.53%	15.63%	34.66%	55.73%	7.58%
PMLP.L HANetf Alerian Midstream Energy Dividend UCITS ETF	26.72%	-6.54%	42.37%	9.89%	28.35%	43.65%	2.57%

Correlation

The correlation between JMLP.DE and PMLP.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Aug 7, 2020	0.84

The correlation between JMLP.DE and PMLP.L shifts across timeframes, from 0.84 (all time) to 0.96 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

JMLP.DE vs. PMLP.L — Risk / Return Rank

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

JMLP.DE

JMLP.DE Risk / Return Rank: 38
JMLP.DE Sharpe Ratio Rank: 37
JMLP.DE Sortino Ratio Rank: 35
JMLP.DE Omega Ratio Rank: 33
JMLP.DE Calmar Ratio Rank: 46
JMLP.DE Martin Ratio Rank: 39

PMLP.L

PMLP.L Risk / Return Rank: 44
PMLP.L Sharpe Ratio Rank: 43
PMLP.L Sortino Ratio Rank: 40
PMLP.L Omega Ratio Rank: 40
PMLP.L Calmar Ratio Rank: 53
PMLP.L Martin Ratio Rank: 46

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.

JMLP.DE vs. PMLP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HANetf Alerian Midstream Energy Dividend UCITS ETF (JMLP.DE) and HANetf Alerian Midstream Energy Dividend UCITS ETF (PMLP.L). 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.

	JMLP.DE	PMLP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.30	1.29	+0.01
Sortino ratio: Return per unit of downside risk	1.81	1.80	+0.01
Omega ratio: Gain probability vs. loss probability	1.22	1.22	0.00
Calmar ratio: Return relative to maximum drawdown	2.22	2.25	-0.03
Martin ratio: Return relative to average drawdown	6.04	6.13	-0.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JMLP.DE vs. PMLP.L - Sharpe Ratio Comparison

The current JMLP.DE Sharpe Ratio is 1.30, which is comparable to the PMLP.L Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of JMLP.DE and PMLP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JMLP.DE	PMLP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.30	1.29	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.16	0.97	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	1.35	1.27	+0.08

Drawdowns

JMLP.DE vs. PMLP.L - Drawdown Comparison

The maximum JMLP.DE drawdown since its inception was -22.29%, roughly equal to the maximum PMLP.L drawdown of -21.64%. Use the drawdown chart below to compare losses from any high point for JMLP.DE and PMLP.L.

Drawdown Indicators

	JMLP.DE	PMLP.L	Difference
Max Drawdown Largest peak-to-trough decline	-22.29%	-21.64%	-0.65%
Max Drawdown (1Y) Largest decline over 1 year	-11.02%	-10.97%	-0.05%
Max Drawdown (3Y) Largest decline over 3 years	-22.29%	-21.64%	-0.65%
Max Drawdown (5Y) Largest decline over 5 years	-22.29%	-21.64%	-0.65%
Current Drawdown Current decline from peak	-5.15%	-5.14%	-0.01%
Average Drawdown Average peak-to-trough decline	-5.87%	-6.59%	+0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.05%	4.02%	+0.03%

Volatility

JMLP.DE vs. PMLP.L - Volatility Comparison

The current volatility for HANetf Alerian Midstream Energy Dividend UCITS ETF (JMLP.DE) is 6.65%, while HANetf Alerian Midstream Energy Dividend UCITS ETF (PMLP.L) has a volatility of 7.40%. This indicates that JMLP.DE experiences smaller price fluctuations and is considered to be less risky than PMLP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JMLP.DE	PMLP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.65%	7.40%	-0.75%
Volatility (6M) Calculated over the trailing 6-month period	15.30%	15.68%	-0.38%
Volatility (1Y) Calculated over the trailing 1-year period	18.80%	19.15%	-0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.38%	20.53%	-0.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.66%	21.96%	-0.30%

JMLP.DE vs. PMLP.L - Expense Ratio Comparison

Both JMLP.DE and PMLP.L have an expense ratio of 0.40%.

Dividends

JMLP.DE vs. PMLP.L - Dividend Comparison

JMLP.DE's dividend yield for the trailing twelve months is around 2.77%, which matches PMLP.L's 2.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
JMLP.DE HANetf Alerian Midstream Energy Dividend UCITS ETF	2.77%	3.38%	5.41%	11.39%	11.27%	14.07%	8.95%
PMLP.L HANetf Alerian Midstream Energy Dividend UCITS ETF	2.77%	3.31%	3.37%	6.48%	6.12%	6.57%	4.17%

Frequently Asked Questions

Can I hold both JMLP.DE and PMLP.L in my portfolio?

With a correlation of 0.96, JMLP.DE and PMLP.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, JMLP.DE or PMLP.L?

Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JMLP.DE or PMLP.L?

JMLP.DE and PMLP.L have the same expense ratio: 0.40% per year.

What is the main difference between JMLP.DE and PMLP.L?

JMLP.DE tracks Alerian Midstream Energy Dividend, while PMLP.L tracks MSCI World/Energy NR USD.