MLPB vs. AMLP
Compare and contrast key facts about ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) and Alerian MLP ETF (AMLP).
MLPB and AMLP 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. AMLP is a passively managed fund by SS&C that tracks the performance of the Alerian MLP Infrastructure Index. It was launched on Aug 23, 2010. Both MLPB and AMLP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MLPB or AMLP.
Key characteristics
| MLPB | AMLP | |
|---|---|---|
| YTD Return | 21.43% | 19.55% |
| 1Y Return | 23.42% | 22.11% |
| 3Y Return (Ann) | 21.87% | 19.43% |
| 5Y Return (Ann) | 14.90% | 13.00% |
| Sharpe Ratio | 1.75 | 1.68 |
| Sortino Ratio | 2.47 | 2.38 |
| Omega Ratio | 1.30 | 1.29 |
| Calmar Ratio | 2.93 | 3.14 |
| Martin Ratio | 8.57 | 8.88 |
| Ulcer Index | 2.79% | 2.57% |
| Daily Std Dev | 13.66% | 13.60% |
| Max Drawdown | -69.03% | -77.19% |
| Current Drawdown | -1.81% | -1.10% |
Correlation
The correlation between MLPB and AMLP is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MLPB vs. AMLP - Performance Comparison
In the year-to-date period, MLPB achieves a 21.43% return, which is significantly higher than AMLP's 19.55% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MLPB vs. AMLP - Expense Ratio Comparison
MLPB has a 0.85% expense ratio, which is lower than AMLP's 0.90% expense ratio.
Risk-Adjusted Performance
MLPB vs. AMLP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) 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.
Dividends
MLPB vs. AMLP - Dividend Comparison
MLPB's dividend yield for the trailing twelve months is around 6.15%, more than AMLP's 5.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B | 6.15% | 6.38% | 6.00% | 6.99% | 11.92% | 7.98% | 8.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AMLP Alerian MLP ETF | 5.77% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.30% | 7.97% | 8.09% | 9.84% | 6.45% | 6.00% |
Drawdowns
MLPB vs. AMLP - Drawdown Comparison
The maximum MLPB drawdown since its inception was -69.03%, smaller than the maximum AMLP drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for MLPB and AMLP. For additional features, visit the drawdowns tool.
Volatility
MLPB vs. AMLP - Volatility Comparison
ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) has a higher volatility of 4.07% compared to Alerian MLP ETF (AMLP) at 3.21%. This indicates that MLPB'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.