MLPA vs. AMPL

Last updated Jul 12, 2026

MLPA (Global X MLP ETF) is MLPs fund tracking the Solactive MLP Infrastructure Index, while AMPL (Amplitude, Inc.) is a stock. Over the past 3 years, MLPA returned 16.19%/yr vs -7.79%/yr for AMPL. At a 0.21 correlation, their price movements are largely independent.

Performance

MLPA vs. AMPL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MLP ETF (MLPA) and Amplitude, Inc. (AMPL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MLPA achieves a 16.12% return, which is significantly higher than AMPL's -20.73% return.

MLPA

• 1D: -0.64%
• 1M: 1.22%
• 6M: 14.09%
• YTD: 16.12%
• 1Y: 16.37%
• 3Y*: 16.19%
• 5Y*: 15.54%
• 10Y*: 5.85%

AMPL

• 1D: -2.13%
• 1M: 33.24%
• 6M: -15.78%
• YTD: -20.73%
• 1Y: -23.88%
• 3Y*: -7.79%
• 5Y*: —
• 10Y*: —

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

MLPA vs. AMPL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MLPA Global X MLP ETF	16.12%	5.73%	20.35%	15.93%	27.03%	-0.01%
AMPL Amplitude, Inc.	-20.73%	9.76%	-17.06%	5.30%	-77.18%	5.88%

Correlation

The correlation between MLPA and AMPL is 0.02, 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	0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021	0.21

The correlation between MLPA and AMPL shifts across timeframes, from 0.02 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MLPA vs. AMPL — Risk / Return Rank

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

MLPA

MLPA Risk / Return Rank: 46
MLPA Sharpe Ratio Rank: 48
MLPA Sortino Ratio Rank: 47
MLPA Omega Ratio Rank: 43
MLPA Calmar Ratio Rank: 49
MLPA Martin Ratio Rank: 40

AMPL

AMPL Risk / Return Rank: 26
AMPL Sharpe Ratio Rank: 24
AMPL Sortino Ratio Rank: 26
AMPL Omega Ratio Rank: 26
AMPL Calmar Ratio Rank: 27
AMPL Martin Ratio Rank: 27

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.

MLPA vs. AMPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MLP ETF (MLPA) and Amplitude, Inc. (AMPL). 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.

	MLPA	AMPL	Difference
Sharpe ratio: Return per unit of total volatility	1.34	-0.46	+1.80
Sortino ratio: Return per unit of downside risk	1.91	-0.32	+2.23
Omega ratio: Gain probability vs. loss probability	1.23	0.96	+0.27
Calmar ratio: Return relative to maximum drawdown	1.99	-0.50	+2.50
Martin ratio: Return relative to average drawdown	5.23	-0.88	+6.10

MLPA vs. AMPL - Sharpe Ratio Comparison

The current MLPA Sharpe Ratio is 1.34, which is higher than the AMPL Sharpe Ratio of -0.46. The chart below compares the historical Sharpe Ratios of MLPA and AMPL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MLPA vs. AMPL - Drawdown Comparison

The maximum MLPA drawdown since its inception was -78.75%, smaller than the maximum AMPL drawdown of -93.38%. Use the drawdown chart below to compare losses from any high point for MLPA and AMPL.

Drawdown Indicators

	MLPA	AMPL	Difference
Max Drawdown Largest peak-to-trough decline	-78.75%	-93.38%	+14.63%
Max Drawdown (1Y) Largest decline over 1 year	-8.33%	-56.98%	+48.65%
Max Drawdown (3Y) Largest decline over 3 years	-14.20%	-61.15%	+46.95%
Max Drawdown (5Y) Largest decline over 5 years	-18.75%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-74.05%	—	—
Current Drawdown Current decline from peak	-3.81%	-89.17%	+85.36%
Average Drawdown Average peak-to-trough decline	-20.16%	-81.40%	+61.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	32.73%	-29.56%

Volatility

MLPA vs. AMPL - Volatility Comparison

The current volatility for Global X MLP ETF (MLPA) is 5.10%, while Amplitude, Inc. (AMPL) has a volatility of 17.33%. This indicates that MLPA experiences smaller price fluctuations and is considered to be less risky than AMPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MLPA	AMPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.10%	17.33%	-12.23%
Volatility (6M) Calculated over the trailing 6-month period	9.42%	53.96%	-44.54%
Volatility (1Y) Calculated over the trailing 1-year period	12.38%	62.48%	-50.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.02%	65.39%	-47.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.41%	65.39%	-37.98%

Dividends

MLPA vs. AMPL - Dividend Comparison

MLPA's dividend yield for the trailing twelve months is around 7.27%, while AMPL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMPL Amplitude, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MLPA Global X MLP ETF	7.27%	7.82%	7.25%	7.49%	7.30%	8.72%	13.84%	9.09%	10.00%	8.05%	7.15%	9.29%

Frequently Asked Questions

Can I hold both MLPA and AMPL in my portfolio?

MLPA and AMPL have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MLPA or AMPL?

AMPL has higher volatility (17.33%) compared to MLPA (5.10%). In terms of maximum drawdown, MLPA dropped -78.75% vs AMPL's -93.38%.

Which has better risk-adjusted returns?

MLPA currently has the higher Sharpe Ratio (1.34 vs -0.46), 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.