MLPX vs. AMNA

Last updated Jun 4, 2026

MLPX (Global X MLP & Energy Infrastructure ETF) and AMNA (ETRACS Alerian Midstream Energy Index ETN) are both MLPs funds - MLPX tracks the Solactive MLP & Energy Infrastructure Index while AMNA tracks the Alerian Midstream Energy Select Index. Both are passively managed. Their correlation of 0.85 suggests significant overlap in exposure. MLPX charges 0.45%/yr vs 0.75%/yr for AMNA.

Performance

MLPX vs. AMNA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MLP & Energy Infrastructure ETF (MLPX) and ETRACS Alerian Midstream Energy Index ETN (AMNA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MLPX

• 1D: -0.39%
• 1M: -2.15%
• YTD: 23.59%
• 6M: 23.51%
• 1Y: 22.94%
• 3Y*: 28.13%
• 5Y*: 20.92%
• 10Y*: 12.41%

AMNA

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

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

MLPX vs. AMNA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MLPX Global X MLP & Energy Infrastructure ETF	23.59%	4.96%	42.90%	15.77%	21.54%	39.63%	7.99%
AMNA ETRACS Alerian Midstream Energy Index ETN	0.00%	0.00%	44.30%	12.50%	20.41%	36.44%	2.88%

Correlation

The correlation between MLPX and AMNA is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Jun 23, 2020	0.85

The correlation between MLPX and AMNA shifts across timeframes, from 0.59 (3 years) to 0.85 (all time), reflecting how their relationship changes across market environments.

MLPX vs. AMNA - Sectors Allocation Comparison

Sectors	MLPX	AMNA
Energy	99.5%	0.0%
Utilities	0.3%	0.0%
Basic Materials	-	0.0%
Communication Services	-	0.0%
Consumer Cyclical	-	0.0%
Consumer Defensive	-	0.0%
Financial Services	-	0.0%
Healthcare	-	0.0%
Industrials	-	0.0%
Real Estate	-	0.0%
Technology	-	0.0%

Return for Risk

MLPX vs. AMNA — Risk / Return Rank

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

MLPX

MLPX Risk / Return Rank: 44
MLPX Sharpe Ratio Rank: 42
MLPX Sortino Ratio Rank: 40
MLPX Omega Ratio Rank: 39
MLPX Calmar Ratio Rank: 56
MLPX Martin Ratio Rank: 44

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.

MLPX vs. AMNA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MLP & Energy Infrastructure ETF (MLPX) and ETRACS Alerian Midstream Energy Index ETN (AMNA). 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.

	MLPX	AMNA	Difference
Sharpe ratio: Return per unit of total volatility	1.50	—	—
Sortino ratio: Return per unit of downside risk	2.09	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	2.82	—	—
Martin ratio: Return relative to average drawdown	7.27	—	—
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

	MLPX	AMNA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.50	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.05	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	—	—

Drawdowns

Drawdown Indicators

	MLPX	AMNA	Difference
Max Drawdown Largest peak-to-trough decline	-70.67%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-8.18%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.72%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-64.70%	—	—
Current Drawdown Current decline from peak	-5.68%	—	—
Average Drawdown Average peak-to-trough decline	-16.63%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	—	—

Volatility

Volatility by Period

	MLPX	AMNA	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.41%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.38%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.08%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.50%	—	—

MLPX vs. AMNA - Expense Ratio Comparison

MLPX has a 0.45% expense ratio, which is lower than AMNA's 0.75% expense ratio.

Dividends

MLPX vs. AMNA - Dividend Comparison

MLPX's dividend yield for the trailing twelve months is around 4.15%, while AMNA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMNA ETRACS Alerian Midstream Energy Index ETN	0.00%	0.00%	4.32%	5.61%	5.48%	5.84%	2.12%	0.00%	0.00%	0.00%	0.00%	0.00%
MLPX Global X MLP & Energy Infrastructure ETF	4.15%	4.88%	4.30%	5.22%	5.23%	5.98%	8.32%	5.78%	5.77%	4.36%	5.50%	4.81%

Frequently Asked Questions

Can I hold both MLPX and AMNA in my portfolio?

MLPX and AMNA have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MLPX or AMNA?

On fees, MLPX 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, MLPX or AMNA?

MLPX is cheaper with a 0.45% expense ratio, compared with 0.75% for AMNA.

Which ETF pays a higher dividend yield, MLPX or AMNA?

MLPX has the higher dividend yield at 4.15%, compared with 0.00% for AMNA.

What is the main difference between MLPX and AMNA?

MLPX tracks Solactive MLP & Energy Infrastructure Index, while AMNA tracks Alerian Midstream Energy Select Index. They also come from different issuers: Global X and UBS. Their fees differ too: 0.45% for MLPX and 0.75% for AMNA.