MLPR vs. AMTR

Last updated Jun 4, 2026

MLPR (ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN) and AMTR (ETRACS Alerian Midstream Energy Total Return Index ETN) are both exchange-traded funds - MLPR is a Leveraged Equities fund tracking the Alerian MLP Index (150%), while AMTR is a MLPs fund tracking the Alerian Midstream Energy Index. Both are passively managed. A 0.77 correlation means they provide meaningful diversification when combined. MLPR charges 0.95%/yr vs 0.75%/yr for AMTR.

Performance

MLPR vs. AMTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) and ETRACS Alerian Midstream Energy Total Return Index ETN (AMTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MLPR

• 1D: -0.37%
• 1M: -1.12%
• YTD: 29.81%
• 6M: 26.95%
• 1Y: 32.42%
• 3Y*: 32.14%
• 5Y*: 26.89%
• 10Y*: —

AMTR

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

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

MLPR vs. AMTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN	29.81%	9.83%	31.57%	35.87%	41.04%	57.33%	32.32%
AMTR ETRACS Alerian Midstream Energy Total Return Index ETN	0.00%	0.00%	44.68%	12.75%	20.41%	36.99%	15.24%

Correlation

The correlation between MLPR and AMTR is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Oct 22, 2020	0.77

The correlation between MLPR and AMTR shifts across timeframes, from 0.49 (3 years) to 0.77 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MLPR vs. AMTR — Risk / Return Rank

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

MLPR

MLPR Risk / Return Rank: 44
MLPR Sharpe Ratio Rank: 45
MLPR Sortino Ratio Rank: 41
MLPR Omega Ratio Rank: 42
MLPR Calmar Ratio Rank: 47
MLPR Martin Ratio Rank: 45

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.

MLPR vs. AMTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) and ETRACS Alerian Midstream Energy Total Return Index ETN (AMTR). 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.

	MLPR	AMTR	Difference
Sharpe ratio: Return per unit of total volatility	1.59	—	—
Sortino ratio: Return per unit of downside risk	2.11	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.33	—	—
Martin ratio: Return relative to average drawdown	7.53	—	—
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

	MLPR	AMTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	—	—

Drawdowns

Drawdown Indicators

	MLPR	AMTR	Difference
Max Drawdown Largest peak-to-trough decline	-48.98%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.97%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-24.45%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.66%	—	—
Current Drawdown Current decline from peak	-7.07%	—	—
Average Drawdown Average peak-to-trough decline	-8.94%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.32%	—	—

Volatility

Volatility by Period

	MLPR	AMTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.12%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.85%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.64%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.52%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.75%	—	—

MLPR vs. AMTR - Expense Ratio Comparison

MLPR has a 0.95% expense ratio, which is higher than AMTR's 0.75% expense ratio.

Dividends

MLPR vs. AMTR - Dividend Comparison

MLPR's dividend yield for the trailing twelve months is around 9.00%, while AMTR has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
AMTR ETRACS Alerian Midstream Energy Total Return Index ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN	9.00%	10.85%	9.57%	10.08%	7.49%	10.69%	4.21%

Frequently Asked Questions

Can I hold both MLPR and AMTR in my portfolio?

MLPR and AMTR have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MLPR or AMTR?

On fees, AMTR is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MLPR or AMTR?

AMTR is cheaper with a 0.75% expense ratio, compared with 0.95% for MLPR.

Which ETF pays a higher dividend yield, MLPR or AMTR?

MLPR has the higher dividend yield at 9.00%, compared with 0.00% for AMTR.

What is the main difference between MLPR and AMTR?

MLPR is categorized as Leveraged Equities, while AMTR is MLPs. MLPR tracks Alerian MLP Index (150%), while AMTR tracks Alerian Midstream Energy Index. Their fees differ too: 0.95% for MLPR and 0.75% for AMTR.