MLPB vs. WEEK

Last updated Jun 24, 2026

MLPB (ETRACS Alerian MLP Infrastructure Index ETN Series B) and WEEK (Roundhill Weekly T-Bill ETF) are both exchange-traded funds - MLPB is a MLPs fund tracking the Alerian MLP Infrastructure Index, while WEEK is a Ultrashort Bond fund actively managed by Roundhill. MLPB is passively managed, while WEEK is actively managed. Over the past year, MLPB returned 18.65% vs 3.72% for WEEK. At a correlation of -0.13, they often move in opposite directions. MLPB charges 0.85%/yr vs 0.19%/yr for WEEK.

Performance

MLPB vs. WEEK - 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 Roundhill Weekly T-Bill ETF (WEEK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MLPB achieves a 17.00% return, which is significantly higher than WEEK's 1.56% return.

MLPB

• 1D: 2.04%
• 1M: -6.13%
• YTD: 17.00%
• 6M: 16.53%
• 1Y: 18.65%
• 3Y*: 21.94%
• 5Y*: 18.51%
• 10Y*: 8.03%

WEEK

• 1D: -0.09%
• 1M: 0.24%
• YTD: 1.56%
• 6M: 1.70%
• 1Y: 3.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MLPB vs. WEEK - Yearly Performance Comparison

	2026 (YTD)	2025
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B	17.00%	-0.72%
WEEK Roundhill Weekly T-Bill ETF	1.56%	3.37%

Correlation

The correlation between MLPB and WEEK is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.22
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025	-0.13

Return for Risk

MLPB vs. WEEK — Risk / Return Rank

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

MLPB

MLPB Risk / Return Rank: 39
MLPB Sharpe Ratio Rank: 41
MLPB Sortino Ratio Rank: 40
MLPB Omega Ratio Rank: 37
MLPB Calmar Ratio Rank: 41
MLPB Martin Ratio Rank: 37

WEEK

WEEK Risk / Return Rank: 99
WEEK Sharpe Ratio Rank: 99
WEEK Sortino Ratio Rank: 99
WEEK Omega Ratio Rank: 99
WEEK Calmar Ratio Rank: 99
WEEK Martin Ratio Rank: 99

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. WEEK - 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 Roundhill Weekly T-Bill ETF (WEEK). 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	WEEK	Difference
Sharpe ratio: Return per unit of total volatility	1.37	8.53	-7.16
Sortino ratio: Return per unit of downside risk	1.95	16.60	-14.65
Omega ratio: Gain probability vs. loss probability	1.24	4.07	-2.83
Calmar ratio: Return relative to maximum drawdown	1.93	28.78	-26.84
Martin ratio: Return relative to average drawdown	5.43	233.16	-227.73

MLPB vs. WEEK - Sharpe Ratio Comparison

The current MLPB Sharpe Ratio is 1.37, which is lower than the WEEK Sharpe Ratio of 8.53. The chart below compares the historical Sharpe Ratios of MLPB and WEEK, 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

MLPB vs. WEEK - Drawdown Comparison

The maximum MLPB drawdown since its inception was -71.93%, which is greater than WEEK's maximum drawdown of -0.13%. Use the drawdown chart below to compare losses from any high point for MLPB and WEEK.

Drawdown Indicators

	MLPB	WEEK	Difference
Max Drawdown Largest peak-to-trough decline	-71.93%	-0.13%	-71.80%
Max Drawdown (1Y) Largest decline over 1 year	-9.68%	-0.13%	-9.55%
Max Drawdown (3Y) Largest decline over 3 years	-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	-6.86%	-0.09%	-6.77%
Average Drawdown Average peak-to-trough decline	-14.78%	-0.01%	-14.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.44%	0.02%	+3.42%

Volatility

MLPB vs. WEEK - Volatility Comparison

ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) has a higher volatility of 5.33% compared to Roundhill Weekly T-Bill ETF (WEEK) at 0.16%. This indicates that MLPB's price experiences larger fluctuations and is considered to be riskier than WEEK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MLPB	WEEK	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.33%	0.16%	+5.17%
Volatility (6M) Calculated over the trailing 6-month period	10.30%	0.29%	+10.01%
Volatility (1Y) Calculated over the trailing 1-year period	13.70%	0.44%	+13.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.90%	0.40%	+19.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.16%	0.40%	+26.76%

MLPB vs. WEEK - Expense Ratio Comparison

MLPB has a 0.85% expense ratio, which is higher than WEEK's 0.19% expense ratio.

Dividends

MLPB vs. WEEK - Dividend Comparison

MLPB's dividend yield for the trailing twelve months is around 5.99%, more than WEEK's 3.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B	5.99%	6.51%	5.95%	6.37%	6.00%	6.98%	11.93%	7.98%	8.11%	7.23%	6.85%
WEEK Roundhill Weekly T-Bill ETF	3.70%	3.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MLPB and WEEK in my portfolio?

MLPB and WEEK have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MLPB or WEEK?

MLPB has higher volatility (5.33%) compared to WEEK (0.16%). In terms of maximum drawdown, MLPB dropped -71.93% vs WEEK's -0.13%.

Which ETF is better, MLPB or WEEK?

On 1-year performance, MLPB leads with 18.65% vs 3.72% for WEEK. On fees, WEEK is cheaper at 0.19% per year. On volatility, WEEK has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MLPB or WEEK?

Over the 1-year period, MLPB has performed better with a 18.65% return vs 3.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MLPB or WEEK?

WEEK is cheaper with a 0.19% expense ratio, compared with 0.85% for MLPB.

Which ETF pays a higher dividend yield, MLPB or WEEK?

MLPB has the higher dividend yield at 5.99%, compared with 3.70% for WEEK.

What is the main difference between MLPB and WEEK?

MLPB is categorized as MLPs, while WEEK is Ultrashort Bond. They also come from different issuers: UBS and Roundhill. Their fees differ too: 0.85% for MLPB and 0.19% for WEEK.

Which has better risk-adjusted returns?

WEEK currently has the higher Sharpe Ratio (8.53 vs 1.37), 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.