KEN vs. AMLP
KEN (Kenon Holdings Ltd.) is a stock, while AMLP (Alerian MLP ETF) is MLPs fund tracking the Alerian MLP Infrastructure Index. Over the past 10 years, KEN returned 39.18%/yr vs 6.80%/yr for AMLP. At a 0.17 correlation, their price movements are largely independent.
Performance
KEN vs. AMLP - Performance Comparison
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Returns By Period
In the year-to-date period, KEN achieves a 5.37% return, which is significantly lower than AMLP's 19.32% return. Over the past 10 years, KEN has outperformed AMLP with an annualized return of 39.18%, while AMLP has yielded a comparatively lower 6.80% annualized return.
KEN
- 1D
- -1.49%
- 1M
- -4.13%
- 6M
- 1.01%
- YTD
- 5.37%
- 1Y
- 50.20%
- 3Y*
- 57.96%
- 5Y*
- 32.49%
- 10Y*
- 39.18%
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%
KEN vs. AMLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KEN Kenon Holdings Ltd. | 5.37% | 126.18% | 62.44% | -19.16% | -23.73% | 93.65% | 57.17% | 50.73% | 23.06% | 85.88% |
AMLP Alerian MLP ETF | 19.32% | 5.78% | 22.76% | 21.40% | 25.47% | 39.09% | -32.26% | 5.99% | -12.67% | -7.89% |
Correlation
The correlation between KEN and AMLP is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2015 | 0.17 |
The correlation between KEN and AMLP shifts across timeframes, from -0.01 (1 year) to 0.19 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
KEN vs. AMLP — Risk / Return Rank
KEN
AMLP
KEN vs. AMLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kenon Holdings Ltd. (KEN) 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.
| KEN | AMLP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 2.27 | -0.68 |
| Martin ratioReturn relative to average drawdown | 4.57 | 6.33 | -1.76 |
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Drawdowns
KEN vs. AMLP - Drawdown Comparison
The maximum KEN drawdown since its inception was -69.20%, smaller than the maximum AMLP drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for KEN and AMLP.
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Drawdown Indicators
| KEN | AMLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.20% | -77.19% | +7.99% |
Max Drawdown (1Y)Largest decline over 1 year | -31.72% | -8.94% | -22.78% |
Max Drawdown (3Y)Largest decline over 3 years | -32.27% | -14.27% | -18.00% |
Max Drawdown (5Y)Largest decline over 5 years | -69.20% | -20.92% | -48.28% |
Max Drawdown (10Y)Largest decline over 10 years | -69.20% | -72.62% | +3.42% |
Current DrawdownCurrent decline from peak | -30.06% | -1.62% | -28.44% |
Average DrawdownAverage peak-to-trough decline | -23.24% | -17.31% | -5.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.01% | 3.20% | +7.81% |
Volatility
KEN vs. AMLP - Volatility Comparison
Kenon Holdings Ltd. (KEN) has a higher volatility of 11.12% compared to Alerian MLP ETF (AMLP) at 5.08%. This indicates that KEN'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
| KEN | AMLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.12% | 5.08% | +6.04% |
Volatility (6M)Calculated over the trailing 6-month period | 31.77% | 9.66% | +22.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.93% | 12.59% | +27.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.93% | 19.68% | +20.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.87% | 27.64% | +14.23% |
Dividends
KEN vs. AMLP - Dividend Comparison
KEN's dividend yield for the trailing twelve months is around 5.76%, 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% |
KEN Kenon Holdings Ltd. | 5.76% | 7.24% | 11.18% | 11.46% | 25.00% | 7.35% | 7.41% | 5.75% | 96.34% | 0.00% | 0.00% | 45.52% |
Frequently Asked Questions
KEN and AMLP have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KEN has higher volatility (11.12%) compared to AMLP (5.08%). In terms of maximum drawdown, KEN dropped -69.20% vs AMLP's -77.19%.
AMLP currently has the higher Sharpe Ratio (1.61 vs 1.27), 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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