OMAB vs. AMLP
OMAB (Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.) is a stock, while AMLP (Alerian MLP ETF) is MLPs fund tracking the Alerian MLP Infrastructure Index. Over the past 10 years, OMAB returned 13.01%/yr vs 6.74%/yr for AMLP. At a 0.24 correlation, their price movements are largely independent.
Performance
OMAB vs. AMLP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, OMAB achieves a 0.41% return, which is significantly lower than AMLP's 18.74% return. Over the past 10 years, OMAB has outperformed AMLP with an annualized return of 13.01%, while AMLP has yielded a comparatively lower 6.74% annualized return.
OMAB
- 1D
- -1.77%
- 1M
- 4.28%
- 6M
- -1.42%
- YTD
- 0.41%
- 1Y
- -1.17%
- 3Y*
- 11.35%
- 5Y*
- 24.85%
- 10Y*
- 13.01%
AMLP
- 1D
- 1.88%
- 1M
- 2.99%
- 6M
- 15.34%
- YTD
- 18.74%
- 1Y
- 19.21%
- 3Y*
- 19.54%
- 5Y*
- 18.25%
- 10Y*
- 6.74%
OMAB vs. AMLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OMAB Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | 0.41% | 66.22% | -13.57% | 43.53% | 30.18% | 7.98% | -13.78% | 62.40% | -4.90% | 20.53% |
AMLP Alerian MLP ETF | 18.74% | 5.78% | 22.76% | 21.40% | 25.47% | 39.09% | -32.26% | 5.99% | -12.67% | -7.89% |
Correlation
The correlation between OMAB and AMLP is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2010 | 0.24 |
The correlation between OMAB and AMLP shifts across timeframes, from -0.06 (1 year) to 0.26 (10 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.
Return for Risk
OMAB vs. AMLP — Risk / Return Rank
OMAB
AMLP
OMAB vs. AMLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) and Alerian MLP ETF (AMLP). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| OMAB | AMLP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.27 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 2.16 | -2.20 |
| Martin ratioReturn relative to average drawdown | -0.09 | 6.04 | -6.13 |
Loading charts...
Drawdowns
OMAB vs. AMLP - Drawdown Comparison
The maximum OMAB drawdown since its inception was -77.75%, roughly equal to the maximum AMLP drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for OMAB and AMLP.
Loading charts...
Drawdown Indicators
| OMAB | AMLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.75% | -77.19% | -0.56% |
Max Drawdown (1Y)Largest decline over 1 year | -26.87% | -8.94% | -17.93% |
Max Drawdown (3Y)Largest decline over 3 years | -41.78% | -14.27% | -27.51% |
Max Drawdown (5Y)Largest decline over 5 years | -41.78% | -20.92% | -20.86% |
Max Drawdown (10Y)Largest decline over 10 years | -68.88% | -72.62% | +3.74% |
Current DrawdownCurrent decline from peak | -19.09% | -2.10% | -16.99% |
Average DrawdownAverage peak-to-trough decline | -22.67% | -17.32% | -5.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.45% | 3.19% | +9.26% |
Volatility
OMAB vs. AMLP - Volatility Comparison
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) has a higher volatility of 12.18% compared to Alerian MLP ETF (AMLP) at 5.24%. This indicates that OMAB's price experiences larger fluctuations and is considered to be riskier than AMLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| OMAB | AMLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.18% | 5.24% | +6.94% |
Volatility (6M)Calculated over the trailing 6-month period | 24.21% | 9.62% | +14.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.32% | 12.50% | +18.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.01% | 19.69% | +16.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.38% | 27.65% | +10.73% |
Dividends
OMAB vs. AMLP - Dividend Comparison
OMAB's dividend yield for the trailing twelve months is around 5.12%, less than AMLP's 7.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMLP Alerian MLP ETF | 7.49% | 8.36% | 7.70% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.29% | 7.97% | 8.09% | 9.84% |
OMAB Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | 5.12% | 4.52% | 6.97% | 4.80% | 10.87% | 3.55% | 0.00% | 2.45% | 3.74% | 0.40% | 3.11% | 3.89% |
Frequently Asked Questions
OMAB and AMLP have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OMAB has higher volatility (12.18%) compared to AMLP (5.24%). In terms of maximum drawdown, OMAB dropped -77.75% vs AMLP's -77.19%.
AMLP currently has the higher Sharpe Ratio (1.55 vs -0.04), 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.
Find the right allocation for OMAB and AMLP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer