MLPR vs. UMI

Last updated Apr 1, 2026

Compare and contrast key facts about ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) and USCF Midstream Energy Income Fund ETF (UMI).

MLPR and UMI 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. UMI is an actively managed fund by Wainwright, Inc.. It was launched on Mar 24, 2021.

Performance

MLPR vs. UMI - 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 USCF Midstream Energy Income Fund ETF (UMI). The values are adjusted to include any dividend payments, if applicable.

MLPR vs. UMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN	24.29%	9.83%	31.57%	35.87%	41.04%	57.33%	-9.51%
UMI USCF Midstream Energy Income Fund ETF	20.99%	5.11%	42.97%	14.60%	20.78%	20.97%	23.00%

Returns By Period

In the year-to-date period, MLPR achieves a 24.29% return, which is significantly higher than UMI's 20.99% return.

MLPR

• 1D: -1.21%
• 1M: 1.32%
• YTD: 24.29%
• 6M: 30.59%
• 1Y: 15.78%
• 3Y*: 32.28%
• 5Y*: 32.14%
• 10Y*: —

UMI

• 1D: -0.75%
• 1M: 2.74%
• YTD: 20.99%
• 6M: 19.71%
• 1Y: 20.67%
• 3Y*: 27.68%
• 5Y*: 24.10%
• 10Y*: —

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

MLPR vs. UMI - Expense Ratio Comparison

MLPR has a 0.95% expense ratio, which is higher than UMI's 0.85% expense ratio.

MLPR

ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN

UMI

USCF Midstream Energy Income Fund ETF

Return for Risk

MLPR vs. UMI — Risk / Return Rank

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

MLPR

MLPR Risk / Return Rank: 30
MLPR Sharpe Ratio Rank: 32
MLPR Sortino Ratio Rank: 31
MLPR Omega Ratio Rank: 34
MLPR Calmar Ratio Rank: 28
MLPR Martin Ratio Rank: 23

UMI

UMI Risk / Return Rank: 61
UMI Sharpe Ratio Rank: 69
UMI Sortino Ratio Rank: 62
UMI Omega Ratio Rank: 68
UMI Calmar Ratio Rank: 58
UMI Martin Ratio Rank: 50

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. UMI - 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 USCF Midstream Energy Income Fund ETF (UMI). 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	UMI	Difference
Sharpe ratio Return per unit of total volatility	0.57	1.17	-0.60
Sortino ratio Return per unit of downside risk	0.86	1.52	-0.65
Omega ratio Gain probability vs. loss probability	1.13	1.24	-0.11
Calmar ratio Return relative to maximum drawdown	0.62	1.39	-0.77
Martin ratio Return relative to average drawdown	1.44	4.61	-3.17
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. UMI - Sharpe Ratio Comparison

The current MLPR Sharpe Ratio is 0.57, which is lower than the UMI Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of MLPR and UMI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MLPR	UMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.57	1.17	-0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.09	1.18	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	0.63	+0.30

Correlation

The correlation between MLPR and UMI is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

MLPR vs. UMI - Dividend Comparison

MLPR's dividend yield for the trailing twelve months is around 9.14%, more than UMI's 5.96% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%	0.00%	0.00%	0.00%
UMI USCF Midstream Energy Income Fund ETF	5.96%	6.23%	4.39%	4.67%	4.36%	3.00%	2.18%	2.47%	2.48%	0.15%

Drawdowns

MLPR vs. UMI - Drawdown Comparison

The maximum MLPR drawdown since its inception was -48.98%, roughly equal to the maximum UMI drawdown of -48.08%. Use the drawdown chart below to compare losses from any high point for MLPR and UMI.

Drawdown Indicators

	MLPR	UMI	Difference
Max Drawdown Largest peak-to-trough decline	-48.98%	-48.08%	-0.90%
Max Drawdown (1Y) Largest decline over 1 year	-24.45%	-14.76%	-9.69%
Max Drawdown (5Y) Largest decline over 5 years	-28.66%	-20.05%	-8.61%
Current Drawdown Current decline from peak	-4.17%	-1.60%	-2.57%
Average Drawdown Average peak-to-trough decline	-9.09%	-6.67%	-2.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.53%	4.46%	+6.07%

Volatility

MLPR vs. UMI - Volatility Comparison

ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) has a higher volatility of 4.93% compared to USCF Midstream Energy Income Fund ETF (UMI) at 3.64%. This indicates that MLPR's price experiences larger fluctuations and is considered to be riskier than UMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MLPR	UMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.93%	3.64%	+1.29%
Volatility (6M) Calculated over the trailing 6-month period	14.06%	9.69%	+4.37%
Volatility (1Y) Calculated over the trailing 1-year period	28.04%	17.74%	+10.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.60%	20.46%	+9.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.01%	23.29%	+10.72%