PMLP.L vs. AMLP
Compare and contrast key facts about HANetf Alerian Midstream Energy Dividend UCITS ETF (PMLP.L) and Alerian MLP ETF (AMLP).
PMLP.L and AMLP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PMLP.L is a passively managed fund by HANetf that tracks the performance of the MSCI World/Energy NR USD. It was launched on Jul 27, 2020. AMLP is a passively managed fund by SS&C that tracks the performance of the Alerian MLP Infrastructure Index. It was launched on Aug 23, 2010. Both PMLP.L and AMLP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMLP.L or AMLP.
Key characteristics
| PMLP.L | AMLP | |
|---|---|---|
| YTD Return | 37.11% | 20.25% |
| 1Y Return | 36.75% | 23.53% |
| 3Y Return (Ann) | 22.90% | 19.69% |
| Sharpe Ratio | 2.65 | 1.76 |
| Sortino Ratio | 3.81 | 2.48 |
| Omega Ratio | 1.48 | 1.31 |
| Calmar Ratio | 7.64 | 3.30 |
| Martin Ratio | 23.33 | 9.34 |
| Ulcer Index | 1.56% | 2.57% |
| Daily Std Dev | 13.70% | 13.62% |
| Max Drawdown | -17.16% | -77.19% |
| Current Drawdown | 0.00% | -0.52% |
Correlation
The correlation between PMLP.L and AMLP is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PMLP.L vs. AMLP - Performance Comparison
In the year-to-date period, PMLP.L achieves a 37.11% return, which is significantly higher than AMLP's 20.25% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PMLP.L vs. AMLP - Expense Ratio Comparison
PMLP.L has a 0.40% expense ratio, which is lower than AMLP's 0.90% expense ratio.
Risk-Adjusted Performance
PMLP.L vs. AMLP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf Alerian Midstream Energy Dividend UCITS ETF (PMLP.L) 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.
Dividends
PMLP.L vs. AMLP - Dividend Comparison
PMLP.L's dividend yield for the trailing twelve months is around 3.84%, less than AMLP's 5.73% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMLP.L HANetf Alerian Midstream Energy Dividend UCITS ETF | 3.84% | 6.48% | 6.12% | 6.57% | 4.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AMLP Alerian MLP ETF | 5.73% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.30% | 7.97% | 8.09% | 9.84% | 6.45% | 6.00% |
Drawdowns
PMLP.L vs. AMLP - Drawdown Comparison
The maximum PMLP.L drawdown since its inception was -17.16%, smaller than the maximum AMLP drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for PMLP.L and AMLP. For additional features, visit the drawdowns tool.
Volatility
PMLP.L vs. AMLP - Volatility Comparison
HANetf Alerian Midstream Energy Dividend UCITS ETF (PMLP.L) has a higher volatility of 4.71% compared to Alerian MLP ETF (AMLP) at 3.14%. This indicates that PMLP.L'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.