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 12.84%/yr vs 7.29%/yr for AMLP. Their 0.24 correlation means their historical movements had little consistent relationship.
Performance
OMAB vs. AMLP - Performance Comparison
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Returns By Period
In the year-to-date period, OMAB achieves a 1.14% return, which is significantly lower than AMLP's 22.35% return. Over the past 10 years, OMAB has outperformed AMLP with an annualized return of 12.84%, while AMLP has yielded a comparatively lower 7.29% annualized return.
OMAB
- 1D
- -1.10%
- 1M
- -4.32%
- 6M
- -5.94%
- YTD
- 1.14%
- 1Y
- 6.86%
- 3Y*
- 12.05%
- 5Y*
- 25.37%
- 10Y*
- 12.84%
- ALL TIME*
- 13.62%
AMLP
- 1D
- 0.89%
- 1M
- 6.26%
- 6M
- 14.99%
- YTD
- 22.35%
- 1Y
- 21.27%
- 3Y*
- 19.27%
- 5Y*
- 19.50%
- 10Y*
- 7.29%
- ALL TIME*
- 5.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AMLP Alerian MLP ETF | $65.00M | $60.75M | $74.60M |
| $5.85M | $7.04M | $8.67M |
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. | 1.14% | 66.22% | -13.57% | 43.53% | 30.18% | 7.98% | -13.78% | 62.40% | -4.90% | 20.53% |
AMLP Alerian MLP ETF | 22.35% | 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 -0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.22 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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 -0.07 (1 year) to 0.26 (10 years), reflecting how their relationship changes across market environments.
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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 | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.27 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.22 | 2.35 | -2.13 |
| Martin ratioReturn relative to average drawdown | 0.45 | 6.55 | -6.10 |
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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.
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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% | -8.47% | -18.40% |
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 | -18.50% | 0.00% | -18.50% |
Average DrawdownAverage peak-to-trough decline | -22.66% | -17.26% | -5.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.92% | 3.20% | +9.72% |
Volatility
OMAB vs. AMLP - Volatility Comparison
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) has a higher volatility of 8.10% compared to Alerian MLP ETF (AMLP) at 3.98%. 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.
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Volatility by Period
| OMAB | AMLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.10% | 3.98% | +4.12% |
Volatility (6M)Calculated over the trailing 6-month period | 23.81% | 9.81% | +14.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.96% | 12.55% | +18.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.97% | 19.37% | +16.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.36% | 27.64% | +10.72% |
Dividends
OMAB vs. AMLP - Dividend Comparison
OMAB's dividend yield for the trailing twelve months is around 5.09%, less than AMLP's 7.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMLP Alerian MLP ETF | 7.27% | 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. | 5.09% | 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 -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OMAB has higher volatility (8.10%) compared to AMLP (3.98%). In terms of maximum drawdown, OMAB dropped -77.75% vs AMLP's -77.19%.
AMLP currently has the higher Sharpe Ratio (1.58 vs 0.19), 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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