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MLPX vs. AMUB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MLPX vs. AMUB

Last updated Jun 4, 2026

MLPX (Global X MLP & Energy Infrastructure ETF) and AMUB (ETRACS Alerian MLP Index ETN Class B) are both MLPs funds - MLPX tracks the Solactive MLP & Energy Infrastructure Index while AMUB tracks the Alerian MLP Index. Both are passively managed. Over the past 10 years, MLPX returned 12.41%/yr vs 3.05%/yr for AMUB. A 0.69 correlation means they provide meaningful diversification when combined. MLPX charges 0.45%/yr vs 0.80%/yr for AMUB.

Performance

MLPX vs. AMUB - 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 MLP Index ETN Class B (AMUB). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, MLPX achieves a 23.59% return, which is significantly higher than AMUB's 16.97% return. Over the past 10 years, MLPX has outperformed AMUB with an annualized return of 12.41%, while AMUB has yielded a comparatively lower 3.05% annualized return.

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%

AMUB

1D
-0.23%
1M
-2.08%
YTD
16.97%
6M
15.25%
1Y
15.77%
3Y*
15.80%
5Y*
12.34%
10Y*
3.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MLPX vs. AMUB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MLPX
Global X MLP & Energy Infrastructure ETF		23.59%4.96%42.90%15.77%21.54%39.63%-20.32%19.04%-15.64%-4.53%
AMUB
ETRACS Alerian MLP Index ETN Class B		16.97%2.05%15.68%16.89%21.91%28.83%-36.47%-1.78%-19.25%-13.07%

Correlation

The correlation between MLPX and AMUB is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.80

Correlation (3Y)
Calculated over the trailing 3-year period

0.81

Correlation (5Y)
Calculated over the trailing 5-year period

0.87

Correlation (10Y)
Calculated over the trailing 10-year period

0.74

Correlation (All Time)
Calculated using the full available price history since Oct 12, 2015

0.69

The correlation between MLPX and AMUB shifts across timeframes, from 0.69 (all time) to 0.87 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X MLP & Energy Infrastructure ETF

ETRACS Alerian MLP Index ETN Class B

Often compared with MLPX:
MLPX vs. ENFRMLPX vs. XLEMLPX vs. VDEMLPX vs. VOOMLPX vs. UMIMLPX vs. TPYPMLPX vs. IYE
Often compared with AMUB:
AMUB vs. UMIAMUB vs. AMLPAMUB vs. IFEDAMUB vs. NLRAMUB vs. AMZAAMUB vs. MVRLAMUB vs. ATMP

Return for Risk

MLPX vs. AMUB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MLPX
MLPX Risk / Return Rank: 4444
Overall Rank
MLPX Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
MLPX Sortino Ratio Rank: 4040
Sortino Ratio Rank
MLPX Omega Ratio Rank: 3939
Omega Ratio Rank
MLPX Calmar Ratio Rank: 5656
Calmar Ratio Rank
MLPX Martin Ratio Rank: 4444
Martin Ratio Rank
AMUB
AMUB Risk / Return Rank: 3131
Overall Rank
AMUB Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
AMUB Sortino Ratio Rank: 3131
Sortino Ratio Rank
AMUB Omega Ratio Rank: 3030
Omega Ratio Rank
AMUB Calmar Ratio Rank: 3131
Calmar Ratio Rank
AMUB Martin Ratio Rank: 3131
Martin Ratio Rank
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. AMUB - 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 MLP Index ETN Class B (AMUB). 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.

MLPXAMUBDifference
Sharpe ratioReturn per unit of total volatility
1.50
1.18

+0.33

Sortino ratioReturn per unit of downside risk
2.09
1.69

+0.41

Omega ratioGain probability vs. loss probability

1.26

1.20

+0.05

Calmar ratioReturn relative to maximum drawdown

2.82

1.53

+1.28

Martin ratioReturn relative to average drawdown

7.27

4.52

+2.75

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MLPX vs. AMUB - Sharpe Ratio Comparison

The current MLPX Sharpe Ratio is 1.50, which is comparable to the AMUB Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of MLPX and AMUB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

MLPXAMUBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.50

1.18

+0.33

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.05

0.61

+0.43

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.47

0.11

+0.36

Sharpe Ratio (All Time)

Calculated using the full available price history

0.35

0.00

+0.35

Drawdowns

MLPX vs. AMUB - Drawdown Comparison

The maximum MLPX drawdown since its inception was -70.67%, smaller than the maximum AMUB drawdown of -79.46%. Use the drawdown chart below to compare losses from any high point for MLPX and AMUB.

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Drawdown Indicators

MLPXAMUBDifference

Max Drawdown

Largest peak-to-trough decline

-70.67%

-79.46%

+8.79%

Max Drawdown (1Y)

Largest decline over 1 year

-8.18%

-10.37%

+2.19%

Max Drawdown (3Y)

Largest decline over 3 years

-16.77%

-17.22%

+0.45%

Max Drawdown (5Y)

Largest decline over 5 years

-19.72%

-20.58%

+0.86%

Max Drawdown (10Y)

Largest decline over 10 years

-64.70%

-78.86%

+14.16%

Current Drawdown

Current decline from peak

-5.68%

-6.15%

+0.47%

Average Drawdown

Average peak-to-trough decline

-16.63%

-29.23%

+12.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.17%

3.51%

-0.34%

Volatility

MLPX vs. AMUB - Volatility Comparison

Global X MLP & Energy Infrastructure ETF (MLPX) has a higher volatility of 6.41% compared to ETRACS Alerian MLP Index ETN Class B (AMUB) at 5.40%. This indicates that MLPX's price experiences larger fluctuations and is considered to be riskier than AMUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MLPXAMUBDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.41%

5.40%

+1.01%

Volatility (6M)

Calculated over the trailing 6-month period

11.84%

9.82%

+2.02%

Volatility (1Y)

Calculated over the trailing 1-year period

15.38%

13.60%

+1.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.08%

20.24%

-0.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.50%

27.09%

-0.59%

MLPX vs. AMUB - Expense Ratio Comparison

MLPX has a 0.45% expense ratio, which is lower than AMUB's 0.80% expense ratio.

Dividends

MLPX vs. AMUB - Dividend Comparison

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

PositionTTM20252024202320222021202020192018201720162015
AMUB
ETRACS Alerian MLP Index ETN Class B		0.00%0.00%0.00%0.00%0.00%0.00%0.00%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

MLPX and AMUB have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MLPX has higher volatility (6.41%) compared to AMUB (5.40%). In terms of maximum drawdown, MLPX dropped -70.67% vs AMUB's -79.46%.

On 10-year performance, MLPX leads with 12.41% vs 3.05% for AMUB. On fees, MLPX is cheaper at 0.45% per year. On volatility, AMUB has been the lower-risk option at 5.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, MLPX has performed better with a 12.41% return vs 3.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

MLPX is cheaper with a 0.45% expense ratio, compared with 0.80% for AMUB.

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

MLPX tracks Solactive MLP & Energy Infrastructure Index, while AMUB tracks Alerian MLP Index. They also come from different issuers: Global X and UBS. Their fees differ too: 0.45% for MLPX and 0.80% for AMUB.

MLPX currently has the higher Sharpe Ratio (1.50 vs 1.18), 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.

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