MLPB vs. MPLX
MLPB (ETRACS Alerian MLP Infrastructure Index ETN Series B) is Infrastructure Equities fund tracking the Alerian MLP Infrastructure Index, while MPLX (MPLX LP) is a stock. Over the past 10 years, MLPB returned 8.89%/yr vs 16.18%/yr for MPLX. Their 0.59 correlation means they have sometimes moved together and sometimes differently.
Performance
MLPB vs. MPLX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MLPB achieves a 26.62% return, which is significantly higher than MPLX's 13.84% return. Over the past 10 years, MLPB has underperformed MPLX with an annualized return of 8.89%, while MPLX has yielded a comparatively higher 16.18% annualized return.
MLPB
- 1D
- 1.16%
- 1M
- 7.18%
- 6M
- 17.75%
- YTD
- 26.62%
- 1Y
- 25.65%
- 3Y*
- 21.81%
- 5Y*
- 22.18%
- 10Y*
- 8.89%
- ALL TIME*
- 7.52%
MPLX
- 1D
- 1.46%
- 1M
- 2.26%
- 6M
- 8.69%
- YTD
- 13.84%
- 1Y
- 21.94%
- 3Y*
- 28.15%
- 5Y*
- 26.27%
- 10Y*
- 16.18%
- ALL TIME*
- 14.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $90.23K | $111.55K | $133.00K | |
MPLX MPLX LP | $99.98M | $86.91M | $97.76M |
MLPB vs. MPLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B | 26.62% | 7.40% | 25.53% | 22.01% | 30.22% | 39.42% | -30.80% | 5.69% | -8.79% | -9.71% |
MPLX MPLX LP | 13.84% | 20.54% | 41.72% | 22.46% | 21.09% | 53.92% | -1.79% | -8.25% | -8.43% | 9.00% |
Correlation
The correlation between MLPB and MPLX is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.61 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2015 | 0.59 |
The correlation between MLPB and MPLX shifts across timeframes, from 0.59 (all time) to 0.77 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MLPB vs. MPLX — Risk / Return Rank
MLPB
MPLX
MLPB vs. MPLX - 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 MPLX LP (MPLX). 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.
| MLPB | MPLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.22 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 2.66 | -0.11 |
| Martin ratioReturn relative to average drawdown | 6.82 | 6.14 | +0.68 |
Loading charts...
Drawdowns
MLPB vs. MPLX - Drawdown Comparison
The maximum MLPB drawdown since its inception was -71.93%, smaller than the maximum MPLX drawdown of -85.72%. Use the drawdown chart below to compare losses from any high point for MLPB and MPLX.
Loading charts...
Drawdown Indicators
| MLPB | MPLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.93% | -85.72% | +13.79% |
Max Drawdown (1Y)Largest decline over 1 year | -9.28% | -7.71% | -1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -16.49% | -14.58% | -1.91% |
Max Drawdown (5Y)Largest decline over 5 years | -20.41% | -18.46% | -1.95% |
Max Drawdown (10Y)Largest decline over 10 years | -71.93% | -75.21% | +3.28% |
Current DrawdownCurrent decline from peak | 0.00% | -1.27% | +1.27% |
Average DrawdownAverage peak-to-trough decline | -14.67% | -29.68% | +15.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 3.33% | +0.39% |
Volatility
MLPB vs. MPLX - Volatility Comparison
The current volatility for ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) is 4.65%, while MPLX LP (MPLX) has a volatility of 5.31%. This indicates that MLPB experiences smaller price fluctuations and is considered to be less risky than MPLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MLPB | MPLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 5.31% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 11.14% | 11.75% | -0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.17% | 16.45% | -2.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.62% | 18.96% | +0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.20% | 30.42% | -3.22% |
Dividends
MLPB vs. MPLX - Dividend Comparison
MLPB's dividend yield for the trailing twelve months is around 5.70%, less than MPLX's 7.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B | 5.70% | 6.51% | 5.95% | 6.37% | 6.00% | 6.98% | 11.93% | 7.98% | 8.11% | 7.23% | 6.85% | 0.00% |
MPLX MPLX LP | 7.16% | 7.39% | 7.33% | 8.65% | 8.80% | 11.30% | 12.70% | 10.41% | 8.22% | 6.23% | 5.86% | 4.33% |
Frequently Asked Questions
MLPB and MPLX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPLX has higher volatility (5.31%) compared to MLPB (4.65%). In terms of maximum drawdown, MLPB dropped -71.93% vs MPLX's -85.72%.
MLPB currently has the higher Sharpe Ratio (1.67 vs 1.25), 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.
Find the right allocation for MLPB and MPLX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer