MLPR vs. MTUL
Compare and contrast key facts about ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) and ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL).
MLPR and MTUL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MLPR is a passively managed fund by UBS that tracks the performance of the Alerian MLP Index (150%). It was launched on Jun 2, 2020. MTUL is a passively managed fund by UBS that tracks the performance of the MSCI USA Momentum Index. It was launched on Feb 5, 2021. Both MLPR and MTUL 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
MLPR vs. MTUL - Performance Comparison
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MLPR vs. MTUL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 24.29% | 9.83% | 31.57% | 35.87% | 41.04% | 38.28% |
MTUL ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN | -10.58% | 27.42% | 58.70% | 10.66% | -37.97% | 7.00% |
Returns By Period
In the year-to-date period, MLPR achieves a 24.29% return, which is significantly higher than MTUL's -10.58% return.
MLPR
- 1D
- -1.21%
- 1M
- 1.32%
- YTD
- 24.29%
- 6M
- 30.59%
- 1Y
- 15.78%
- 3Y*
- 32.28%
- 5Y*
- 32.14%
- 10Y*
- —
MTUL
- 1D
- 9.39%
- 1M
- -11.99%
- YTD
- -10.58%
- 6M
- -14.38%
- 1Y
- 20.15%
- 3Y*
- 30.55%
- 5Y*
- 8.61%
- 10Y*
- —
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MLPR vs. MTUL - Expense Ratio Comparison
Both MLPR and MTUL have an expense ratio of 0.95%.
Return for Risk
MLPR vs. MTUL — Risk / Return Rank
MLPR
MTUL
MLPR vs. MTUL - 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 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL). 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 | MTUL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.57 | 0.43 | +0.13 |
Sortino ratioReturn per unit of downside risk | 0.86 | 0.90 | -0.04 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.13 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.62 | 0.82 | -0.20 |
Martin ratioReturn relative to average drawdown | 1.44 | 3.29 | -1.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MLPR | MTUL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 0.43 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.09 | 0.21 | +0.89 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.13 | +0.80 |
Correlation
The correlation between MLPR and MTUL is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MLPR vs. MTUL - Dividend Comparison
MLPR's dividend yield for the trailing twelve months is around 9.14%, while MTUL has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 9.14% | 10.85% | 9.57% | 10.08% | 7.49% | 10.69% | 4.21% |
MTUL ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MLPR vs. MTUL - Drawdown Comparison
The maximum MLPR drawdown since its inception was -48.98%, smaller than the maximum MTUL drawdown of -56.83%. Use the drawdown chart below to compare losses from any high point for MLPR and MTUL.
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Drawdown Indicators
| MLPR | MTUL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.98% | -56.83% | +7.85% |
Max Drawdown (1Y)Largest decline over 1 year | -24.45% | -26.88% | +2.43% |
Max Drawdown (5Y)Largest decline over 5 years | -28.66% | -56.83% | +28.17% |
Current DrawdownCurrent decline from peak | -4.17% | -16.72% | +12.55% |
Average DrawdownAverage peak-to-trough decline | -9.09% | -23.35% | +14.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.53% | 6.69% | +3.84% |
Volatility
MLPR vs. MTUL - Volatility Comparison
The current volatility for ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) is 4.93%, while ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) has a volatility of 19.54%. This indicates that MLPR experiences smaller price fluctuations and is considered to be less risky than MTUL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLPR | MTUL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 19.54% | -14.61% |
Volatility (6M)Calculated over the trailing 6-month period | 14.06% | 34.36% | -20.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.04% | 46.60% | -18.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.60% | 41.98% | -12.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.01% | 42.96% | -8.95% |