MLPR vs. TRMD

Last updated Jun 4, 2026

MLPR (ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN) is Leveraged Equities fund tracking the Alerian MLP Index (150%), while TRMD (TORM plc) is a stock. Over the past 5 years, MLPR returned 26.89%/yr vs 42.68%/yr for TRMD. At a 0.29 correlation, their price movements are largely independent.

Performance

MLPR vs. TRMD - 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 TORM plc (TRMD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MLPR achieves a 29.81% return, which is significantly lower than TRMD's 51.10% return.

MLPR

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

TRMD

• 1D: 0.11%
• 1M: -12.81%
• YTD: 51.10%
• 6M: 38.71%
• 1Y: 87.62%
• 3Y*: 18.91%
• 5Y*: 42.68%
• 10Y*: —

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

MLPR vs. TRMD - 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%	-9.51%
TRMD TORM plc	51.10%	11.21%	-23.37%	31.64%	297.66%	12.91%	-2.43%

Correlation

The correlation between MLPR and TRMD is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020	0.29

Return for Risk

MLPR vs. TRMD — 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

TRMD

TRMD Risk / Return Rank: 88
TRMD Sharpe Ratio Rank: 90
TRMD Sortino Ratio Rank: 87
TRMD Omega Ratio Rank: 83
TRMD Calmar Ratio Rank: 89
TRMD Martin Ratio Rank: 89

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. TRMD - 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 TORM plc (TRMD). 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	TRMD	Difference
Sharpe ratio: Return per unit of total volatility	1.59	2.32	-0.73
Sortino ratio: Return per unit of downside risk	2.11	2.91	-0.80
Omega ratio: Gain probability vs. loss probability	1.27	1.35	-0.07
Calmar ratio: Return relative to maximum drawdown	2.33	4.39	-2.06
Martin ratio: Return relative to average drawdown	7.53	11.44	-3.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MLPR vs. TRMD - Sharpe Ratio Comparison

The current MLPR Sharpe Ratio is 1.59, which is lower than the TRMD Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of MLPR and TRMD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MLPR	TRMD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	2.32	-0.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	0.93	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	0.48	+0.45

Drawdowns

MLPR vs. TRMD - Drawdown Comparison

The maximum MLPR drawdown since its inception was -48.98%, smaller than the maximum TRMD drawdown of -60.59%. Use the drawdown chart below to compare losses from any high point for MLPR and TRMD.

Drawdown Indicators

	MLPR	TRMD	Difference
Max Drawdown Largest peak-to-trough decline	-48.98%	-60.59%	+11.61%
Max Drawdown (1Y) Largest decline over 1 year	-13.97%	-20.06%	+6.09%
Max Drawdown (3Y) Largest decline over 3 years	-24.45%	-60.59%	+36.14%
Max Drawdown (5Y) Largest decline over 5 years	-28.66%	-60.59%	+31.93%
Current Drawdown Current decline from peak	-7.07%	-17.33%	+10.26%
Average Drawdown Average peak-to-trough decline	-8.94%	-22.58%	+13.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.32%	7.69%	-3.37%

Volatility

MLPR vs. TRMD - Volatility Comparison

The current volatility for ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) is 8.12%, while TORM plc (TRMD) has a volatility of 14.52%. This indicates that MLPR experiences smaller price fluctuations and is considered to be less risky than TRMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MLPR	TRMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.12%	14.52%	-6.40%
Volatility (6M) Calculated over the trailing 6-month period	14.85%	27.84%	-12.99%
Volatility (1Y) Calculated over the trailing 1-year period	20.64%	38.07%	-17.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.52%	46.00%	-16.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.75%	59.90%	-26.15%

Dividends

MLPR vs. TRMD - Dividend Comparison

MLPR's dividend yield for the trailing twelve months is around 9.00%, more than TRMD's 8.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
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%
TRMD TORM plc	8.59%	10.32%	30.13%	23.05%	6.99%	0.00%	14.89%

Frequently Asked Questions

Can I hold both MLPR and TRMD in my portfolio?

MLPR and TRMD 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, MLPR or TRMD?

TRMD has higher volatility (14.52%) compared to MLPR (8.12%). In terms of maximum drawdown, MLPR dropped -48.98% vs TRMD's -60.59%.

Which has better risk-adjusted returns?

TRMD currently has the higher Sharpe Ratio (2.32 vs 1.59), 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.