MVRL vs. AMUB
MVRL (ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN) and AMUB (ETRACS Alerian MLP Index ETN Class B) are both exchange-traded funds - MVRL is a REIT fund tracking the MVIS US Mortgage REITs Index (150%), while AMUB is a MLPs fund tracking the Alerian MLP Index. Both are passively managed. Over the past 5 years, MVRL returned -8.72%/yr vs 12.34%/yr for AMUB. At a 0.46 correlation, their price movements are largely independent. MVRL charges 0.95%/yr vs 0.80%/yr for AMUB.
Performance
MVRL vs. AMUB - Performance Comparison
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Returns By Period
In the year-to-date period, MVRL achieves a -5.20% return, which is significantly lower than AMUB's 16.97% return.
MVRL
- 1D
- -2.09%
- 1M
- -7.86%
- YTD
- -5.20%
- 6M
- -5.45%
- 1Y
- 11.96%
- 3Y*
- 7.15%
- 5Y*
- -8.72%
- 10Y*
- —
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%
MVRL vs. AMUB - 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% | 57.90% |
AMUB ETRACS Alerian MLP Index ETN Class B | 16.97% | 2.05% | 15.68% | 16.89% | 21.91% | 28.83% | -9.01% |
Correlation
The correlation between MVRL and AMUB is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.46 |
Over the past year, the correlation between MVRL and AMUB has dropped to 0.12 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
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Return for Risk
MVRL vs. AMUB — Risk / Return Rank
MVRL
AMUB
MVRL vs. AMUB - 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 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.
| MVRL | AMUB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.20 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 1.53 | -0.96 |
| Martin ratioReturn relative to average drawdown | 1.60 | 4.52 | -2.93 |
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 | AMUB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 1.18 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | 0.61 | -0.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.00 | +0.12 |
Drawdowns
MVRL vs. AMUB - Drawdown Comparison
The maximum MVRL drawdown since its inception was -60.25%, smaller than the maximum AMUB drawdown of -79.46%. Use the drawdown chart below to compare losses from any high point for MVRL and AMUB.
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Drawdown Indicators
| MVRL | AMUB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.25% | -79.46% | +19.21% |
Max Drawdown (1Y)Largest decline over 1 year | -20.93% | -10.37% | -10.56% |
Max Drawdown (3Y)Largest decline over 3 years | -32.20% | -17.22% | -14.98% |
Max Drawdown (5Y)Largest decline over 5 years | -60.25% | -20.58% | -39.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -78.86% | — |
Current DrawdownCurrent decline from peak | -39.93% | -6.15% | -33.78% |
Average DrawdownAverage peak-to-trough decline | -31.81% | -29.23% | -2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.51% | 3.51% | +4.00% |
Volatility
MVRL vs. AMUB - Volatility Comparison
ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL) has a higher volatility of 5.87% compared to ETRACS Alerian MLP Index ETN Class B (AMUB) at 5.40%. This indicates that MVRL'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
| MVRL | AMUB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.87% | 5.40% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 20.18% | 9.82% | +10.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.30% | 13.60% | +13.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.55% | 20.24% | +16.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.63% | 27.09% | +10.54% |
MVRL vs. AMUB - Expense Ratio Comparison
MVRL has a 0.95% expense ratio, which is higher than AMUB's 0.80% expense ratio.
Dividends
MVRL vs. AMUB - Dividend Comparison
MVRL's dividend yield for the trailing twelve months is around 21.21%, while AMUB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
AMUB ETRACS Alerian MLP Index ETN Class B | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 AMUB have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MVRL has higher volatility (5.87%) compared to AMUB (5.40%). In terms of maximum drawdown, MVRL dropped -60.25% vs AMUB's -79.46%.
On 5-year performance, AMUB leads with 12.34% vs -8.72% for MVRL. On fees, AMUB is cheaper at 0.80% 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 5-year period, AMUB has performed better with a 12.34% return vs -8.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AMUB is cheaper with a 0.80% expense ratio, compared with 0.95% for MVRL.
MVRL has the higher dividend yield at 21.21%, compared with 0.00% for AMUB.
MVRL is categorized as REIT, while AMUB is MLPs. MVRL tracks MVIS US Mortgage REITs Index (150%), while AMUB tracks Alerian MLP Index. Their fees differ too: 0.95% for MVRL and 0.80% for AMUB.
AMUB currently has the higher Sharpe Ratio (1.18 vs 0.44), 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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