MLPB vs. AMJ

Last updated Apr 1, 2026

Compare and contrast key facts about ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) and J.P. Morgan Alerian MLP Index ETN (AMJ).

MLPB and AMJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MLPB is a passively managed fund by UBS that tracks the performance of the Alerian MLP Infrastructure Index. It was launched on Oct 8, 2015. AMJ is a passively managed fund by JPMorgan that tracks the performance of the Alerian MLP Index. It was launched on Apr 2, 2009. Both MLPB and AMJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

MLPB vs. AMJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) and J.P. Morgan Alerian MLP Index ETN (AMJ). The values are adjusted to include any dividend payments, if applicable.

MLPB vs. AMJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B	16.69%	7.40%	25.53%	22.01%	30.22%	39.42%	-30.80%	5.69%	-8.79%	-9.71%
AMJ J.P. Morgan Alerian MLP Index ETN	0.00%	0.00%	13.32%	25.06%	30.08%	37.93%	-29.43%	5.67%	-12.84%	-7.21%

Returns By Period

MLPB

• 1D: -1.54%
• 1M: 1.21%
• YTD: 16.69%
• 6M: 20.26%
• 1Y: 11.98%
• 3Y*: 22.94%
• 5Y*: 23.10%
• 10Y*: 9.55%

AMJ

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MLPB vs. AMJ - Expense Ratio Comparison

Both MLPB and AMJ have an expense ratio of 0.85%.

MLPB

ETRACS Alerian MLP Infrastructure Index ETN Series B

AMJ

J.P. Morgan Alerian MLP Index ETN

Return for Risk

MLPB vs. AMJ — Risk / Return Rank

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

MLPB

MLPB Risk / Return Rank: 32
MLPB Sharpe Ratio Rank: 35
MLPB Sortino Ratio Rank: 33
MLPB Omega Ratio Rank: 36
MLPB Calmar Ratio Rank: 29
MLPB Martin Ratio Rank: 25

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.

MLPB vs. AMJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) and J.P. Morgan Alerian MLP Index ETN (AMJ). 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.

	MLPB	AMJ	Difference
Sharpe ratio Return per unit of total volatility	0.64	—	—
Sortino ratio Return per unit of downside risk	0.93	—	—
Omega ratio Gain probability vs. loss probability	1.14	—	—
Calmar ratio Return relative to maximum drawdown	0.69	—	—
Martin ratio Return relative to average drawdown	1.81	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MLPB	AMJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.64	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.15	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	—	—

Correlation

The correlation between MLPB and AMJ is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MLPB vs. AMJ - Dividend Comparison

MLPB's dividend yield for the trailing twelve months is around 5.83%, while AMJ has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B	5.83%	6.51%	5.95%	6.37%	6.00%	6.98%	11.93%	7.98%	8.11%	7.23%	6.85%	0.00%
AMJ J.P. Morgan Alerian MLP Index ETN	0.00%	0.00%	1.49%	6.54%	6.33%	7.31%	10.87%	8.30%	8.38%	6.96%	6.57%	7.93%

Drawdowns

Drawdown Indicators

	MLPB	AMJ	Difference
Max Drawdown Largest peak-to-trough decline	-71.93%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-16.49%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.41%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-71.93%	—	—
Current Drawdown Current decline from peak	-2.68%	—	—
Average Drawdown Average peak-to-trough decline	-15.03%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	6.26%	—	—

Volatility

Volatility by Period

	MLPB	AMJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.96%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.75%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.14%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.10%	—	—