MVRL vs. AMND
MVRL (ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN) and AMND (ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050) are both exchange-traded funds - MVRL is a REIT fund tracking the MVIS US Mortgage REITs Index (150%), while AMND is a Energy Equities fund tracking the Alerian Midstream Energy Dividend Index. Both are passively managed. At a 0.48 correlation, their price movements are largely independent. MVRL charges 0.95%/yr vs 0.75%/yr for AMND.
Performance
MVRL vs. AMND - Performance Comparison
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Returns By Period
MVRL
- 1D
- -2.09%
- 1M
- -7.86%
- YTD
- -5.20%
- 6M
- -5.45%
- 1Y
- 11.96%
- 3Y*
- 7.15%
- 5Y*
- -8.72%
- 10Y*
- —
AMND
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MVRL vs. AMND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MVRL ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN | -5.20% | 14.96% | -3.45% | 12.30% | -42.41% | 21.71% | 44.89% |
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 | 0.00% | 0.00% | 40.42% | 13.60% | 21.27% | 34.91% | 10.45% |
Correlation
The correlation between MVRL and AMND is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2020 | 0.48 |
The correlation between MVRL and AMND shifts across timeframes, from 0.31 (3 years) to 0.48 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MVRL vs. AMND — Risk / Return Rank
MVRL
AMND
MVRL vs. AMND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL) and ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND). 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.
| MVRL | AMND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.10 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | — | — |
| Martin ratioReturn relative to average drawdown | 1.60 | — | — |
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
| MVRL | AMND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | — | — |
Drawdowns
MVRL vs. AMND - Drawdown Comparison
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Drawdown Indicators
| MVRL | AMND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.25% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -20.93% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -32.20% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -60.25% | — | — |
Current DrawdownCurrent decline from peak | -39.93% | — | — |
Average DrawdownAverage peak-to-trough decline | -31.81% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.51% | — | — |
Volatility
MVRL vs. AMND - Volatility Comparison
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Volatility by Period
| MVRL | AMND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.87% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 20.18% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.30% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.55% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.63% | — | — |
MVRL vs. AMND - Expense Ratio Comparison
MVRL has a 0.95% expense ratio, which is higher than AMND's 0.75% expense ratio.
Dividends
MVRL vs. AMND - Dividend Comparison
MVRL's dividend yield for the trailing twelve months is around 21.21%, while AMND has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 | 0.00% | 0.00% | 5.14% | 6.56% | 6.37% | 7.10% | 2.49% |
MVRL ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN | 21.21% | 19.15% | 19.27% | 18.69% | 25.21% | 12.33% | 5.63% |
Frequently Asked Questions
MVRL and AMND have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMND is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMND is cheaper with a 0.75% expense ratio, compared with 0.95% for MVRL.
MVRL has the higher dividend yield at 21.21%, compared with 0.00% for AMND.
MVRL is categorized as REIT, while AMND is Energy Equities. MVRL tracks MVIS US Mortgage REITs Index (150%), while AMND tracks Alerian Midstream Energy Dividend Index. Their fees differ too: 0.95% for MVRL and 0.75% for AMND.
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