MLPB vs. AMND

Last updated Apr 1, 2026

Compare and contrast key facts about ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) and ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND).

MLPB and AMND 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. AMND is a passively managed fund by UBS that tracks the performance of the Alerian Midstream Energy Dividend Index. It was launched on Jul 15, 2020. Both MLPB and AMND 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. AMND - 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 ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND). The values are adjusted to include any dividend payments, if applicable.

MLPB vs. AMND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B	16.69%	7.40%	25.53%	22.01%	30.22%	39.42%	14.36%
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050	0.00%	0.00%	40.42%	13.60%	21.27%	34.91%	10.45%

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%

AMND

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

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

MLPB vs. AMND - Expense Ratio Comparison

MLPB has a 0.85% expense ratio, which is higher than AMND's 0.75% expense ratio.

MLPB

ETRACS Alerian MLP Infrastructure Index ETN Series B

AMND

ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050

Return for Risk

MLPB vs. AMND — 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. AMND - 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 ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND). 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	AMND	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	AMND	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 AMND is 0.83, 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.

Dividends

MLPB vs. AMND - Dividend Comparison

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

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050	0.00%	0.00%	5.14%	6.56%	6.37%	7.10%	2.49%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	MLPB	AMND	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	AMND	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%	—	—