PMLP.L vs. JMLP.DE
PMLP.L (HANetf Alerian Midstream Energy Dividend UCITS ETF) and JMLP.DE (HANetf Alerian Midstream Energy Dividend UCITS ETF) are both Energy Equities funds from HANetf - PMLP.L tracks the MSCI World/Energy NR USD while JMLP.DE tracks the Alerian Midstream Energy Dividend. Both are passively managed. Over the past 5 years, PMLP.L returned 19.87%/yr vs 24.37%/yr for JMLP.DE. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.40% expense ratio.
Performance
PMLP.L vs. JMLP.DE - Performance Comparison
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Different Trading Currencies
PMLP.L is traded in GBp, while JMLP.DE is traded in EUR. To make them comparable, the JMLP.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with PMLP.L having a 26.71% return and JMLP.DE slightly higher at 27.57%.
PMLP.L
- 1D
- 1.96%
- 1M
- 1.75%
- YTD
- 26.71%
- 6M
- 26.31%
- 1Y
- 28.41%
- 3Y*
- 22.73%
- 5Y*
- 19.87%
- 10Y*
- —
JMLP.DE
- 1D
- 1.91%
- 1M
- 0.86%
- YTD
- 27.57%
- 6M
- 26.25%
- 1Y
- 28.49%
- 3Y*
- 25.28%
- 5Y*
- 24.37%
- 10Y*
- —
PMLP.L vs. JMLP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PMLP.L HANetf Alerian Midstream Energy Dividend UCITS ETF | 26.71% | -1.40% | 35.81% | 7.61% | 35.33% | 34.88% | 1.53% |
JMLP.DE HANetf Alerian Midstream Energy Dividend UCITS ETF | 27.57% | -1.04% | 38.23% | 13.32% | 42.04% | 44.75% | 7.40% |
Correlation
The correlation between PMLP.L and JMLP.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2020 | 0.84 |
The correlation between PMLP.L and JMLP.DE shifts across timeframes, from 0.84 (all time) to 0.96 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PMLP.L vs. JMLP.DE — Risk / Return Rank
PMLP.L
JMLP.DE
PMLP.L vs. JMLP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf Alerian Midstream Energy Dividend UCITS ETF (PMLP.L) and HANetf Alerian Midstream Energy Dividend UCITS ETF (JMLP.DE). 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.
| PMLP.L | JMLP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 2.60 | +0.02 |
| Martin ratioReturn relative to average drawdown | 7.58 | 7.52 | +0.06 |
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
| PMLP.L | JMLP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 1.51 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 1.21 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.28 | 1.34 | -0.07 |
Drawdowns
PMLP.L vs. JMLP.DE - Drawdown Comparison
The maximum PMLP.L drawdown since its inception was -20.50%, roughly equal to the maximum JMLP.DE drawdown of -21.39%. Use the drawdown chart below to compare losses from any high point for PMLP.L and JMLP.DE.
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Drawdown Indicators
| PMLP.L | JMLP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.50% | -21.39% | +0.89% |
Max Drawdown (1Y)Largest decline over 1 year | -10.82% | -10.92% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -20.50% | -21.39% | +0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -20.50% | -21.39% | +0.89% |
Current DrawdownCurrent decline from peak | -4.31% | -4.23% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -5.27% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.73% | 3.77% | -0.04% |
Volatility
PMLP.L vs. JMLP.DE - Volatility Comparison
HANetf Alerian Midstream Energy Dividend UCITS ETF (PMLP.L) and HANetf Alerian Midstream Energy Dividend UCITS ETF (JMLP.DE) have volatilities of 7.40% and 7.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMLP.L | JMLP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.40% | 7.37% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 15.48% | 15.36% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.87% | 18.78% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.86% | 19.95% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.34% | 21.23% | +0.11% |
PMLP.L vs. JMLP.DE - Expense Ratio Comparison
Both PMLP.L and JMLP.DE have an expense ratio of 0.40%.
Dividends
PMLP.L vs. JMLP.DE - Dividend Comparison
PMLP.L's dividend yield for the trailing twelve months is around 2.74%, which matches JMLP.DE's 2.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
JMLP.DE HANetf Alerian Midstream Energy Dividend UCITS ETF | 2.74% | 3.38% | 5.41% | 11.39% | 11.27% | 14.07% | 8.95% |
PMLP.L HANetf Alerian Midstream Energy Dividend UCITS ETF | 2.74% | 3.31% | 3.37% | 6.48% | 6.12% | 6.57% | 4.17% |
Frequently Asked Questions
With a correlation of 0.96, PMLP.L and JMLP.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
PMLP.L and JMLP.DE have the same expense ratio: 0.40% per year.
PMLP.L tracks MSCI World/Energy NR USD, while JMLP.DE tracks Alerian Midstream Energy Dividend.
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