MLPR vs. BRKL

Last updated Aug 1, 2026

MLPR (ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN) and BRKL (Corgi BRKB 2x Daily ETF) are both Leveraged Equities funds. MLPR is passively managed, while BRKL is actively managed. Their 0.33 correlation means their historical movements had little consistent relationship. MLPR charges 0.95%/yr vs 0.45%/yr for BRKL.

Performance

MLPR vs. BRKL - 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 Corgi BRKB 2x Daily ETF (BRKL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MLPR

• 1D: 1.62%
• 1M: 11.14%
• 6M: 25.11%
• YTD: 39.50%
• 1Y: 39.67%
• 3Y*: 31.28%
• 5Y*: 31.23%
• 10Y*: —
• ALL TIME*: 32.46%

BRKL

• 1D: 0.85%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BRKL Corgi BRKB 2x Daily ETF	$853.16	$14.75K	$14.75K
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN	$34.92K	$44.03K	$37.73K

MLPR vs. BRKL - Yearly Performance Comparison

	2026 (YTD)
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN	11.10%
BRKL Corgi BRKB 2x Daily ETF	1.48%

Correlation

The correlation between MLPR and BRKL is 0.33, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 7, 2026	0.33

Return for Risk

MLPR vs. BRKL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MLPR

MLPR Risk / Return Rank: 68
MLPR Sharpe Ratio Rank: 72
MLPR Sortino Ratio Rank: 66
MLPR Omega Ratio Rank: 66
MLPR Calmar Ratio Rank: 73
MLPR Martin Ratio Rank: 61

BRKL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MLPR vs. BRKL - 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 Corgi BRKB 2x Daily ETF (BRKL). 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.

	MLPR	BRKL	Difference
Sharpe ratio: Return per unit of total volatility	1.63	—	—
Sortino ratio: Return per unit of downside risk	2.17	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.55	—	—
Martin ratio: Return relative to average drawdown	7.25	—	—

Drawdowns

MLPR vs. BRKL - Drawdown Comparison

The maximum MLPR drawdown since its inception was -48.98%, which is greater than BRKL's maximum drawdown of -7.03%. Use the drawdown chart below to compare losses from any high point for MLPR and BRKL.

Drawdown Indicators

	MLPR	BRKL	Difference
Max Drawdown Largest peak-to-trough decline	-48.98%	-7.03%	-41.95%
Max Drawdown (1Y) Largest decline over 1 year	-14.31%	—	—
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	-0.13%	-0.13%	0.00%
Average Drawdown Average peak-to-trough decline	-8.89%	-4.14%	-4.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.35%	—	—

Volatility

Volatility by Period

	MLPR	BRKL	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.44%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.38%	30.99%	-8.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.11%	30.99%	-1.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.66%	30.99%	+2.67%

MLPR vs. BRKL - Expense Ratio Comparison

MLPR has a 0.95% expense ratio, which is higher than BRKL's 0.45% expense ratio.

Dividends

MLPR vs. BRKL - Dividend Comparison

MLPR's dividend yield for the trailing twelve months is around 8.83%, while BRKL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
BRKL Corgi BRKB 2x Daily ETF	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	8.83%	10.85%	9.57%	10.08%	7.49%	10.69%	4.21%

Frequently Asked Questions

Can I hold both MLPR and BRKL in my portfolio?

MLPR and BRKL have a correlation of 0.33, 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 BRKL?

On fees, BRKL is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MLPR or BRKL?

BRKL is cheaper with a 0.45% expense ratio, compared with 0.95% for MLPR.

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

MLPR has the higher dividend yield at 8.83%, compared with 0.00% for BRKL.

What is the main difference between MLPR and BRKL?

They also come from different issuers: UBS and Corgi. Their fees differ too: 0.95% for MLPR and 0.45% for BRKL.