RDOG vs. AMLP

Last updated Jun 3, 2026

RDOG (ALPS REIT Dividend Dogs ETF) and AMLP (Alerian MLP ETF) are both exchange-traded funds - RDOG is a REIT fund tracking the S-Network REIT Dividend Dogs Index, while AMLP is a MLPs fund tracking the Alerian MLP Infrastructure Index. Both are passively managed. Over the past 10 years, RDOG returned 4.14%/yr vs 6.79%/yr for AMLP. At a 0.39 correlation, their price movements are largely independent. RDOG charges 0.35%/yr vs 0.90%/yr for AMLP.

Performance

RDOG vs. AMLP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS REIT Dividend Dogs ETF (RDOG) and Alerian MLP ETF (AMLP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RDOG achieves a 14.68% return, which is significantly lower than AMLP's 16.62% return. Over the past 10 years, RDOG has underperformed AMLP with an annualized return of 4.14%, while AMLP has yielded a comparatively higher 6.79% annualized return.

RDOG

• 1D: 0.35%
• 1M: 3.37%
• YTD: 14.68%
• 6M: 15.68%
• 1Y: 21.50%
• 3Y*: 11.70%
• 5Y*: 2.37%
• 10Y*: 4.14%

AMLP

• 1D: 1.03%
• 1M: 0.25%
• YTD: 16.62%
• 6M: 16.20%
• 1Y: 19.16%
• 3Y*: 20.25%
• 5Y*: 17.03%
• 10Y*: 6.79%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RDOG vs. AMLP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RDOG ALPS REIT Dividend Dogs ETF	14.68%	0.95%	4.57%	10.38%	-25.53%	34.42%	-10.01%	21.54%	-5.70%	11.84%
AMLP Alerian MLP ETF	16.62%	5.78%	22.76%	21.40%	25.47%	39.09%	-32.26%	5.99%	-12.67%	-7.89%

Correlation

The correlation between RDOG and AMLP is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Aug 26, 2010	0.39

Over the past year, the correlation between RDOG and AMLP has dropped to 0.19 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.

RDOG vs. AMLP - Sectors Allocation Comparison

Sectors	RDOG	AMLP
Real Estate	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	97.7%
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Technology	-	-
Utilities	-	2.3%

Return for Risk

RDOG vs. AMLP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RDOG

RDOG Risk / Return Rank: 42
RDOG Sharpe Ratio Rank: 42
RDOG Sortino Ratio Rank: 43
RDOG Omega Ratio Rank: 38
RDOG Calmar Ratio Rank: 42
RDOG Martin Ratio Rank: 42

AMLP

AMLP Risk / Return Rank: 45
AMLP Sharpe Ratio Rank: 46
AMLP Sortino Ratio Rank: 45
AMLP Omega Ratio Rank: 43
AMLP Calmar Ratio Rank: 44
AMLP Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RDOG vs. AMLP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS REIT Dividend Dogs ETF (RDOG) 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.

	RDOG	AMLP	Difference
Sharpe ratio Return per unit of total volatility	1.49	1.62	-0.13
Sortino ratio Return per unit of downside risk	2.16	2.25	-0.09
Omega ratio Gain probability vs. loss probability	1.25	1.28	-0.03
Calmar ratio Return relative to maximum drawdown	2.14	2.20	-0.06
Martin ratio Return relative to average drawdown	6.95	7.36	-0.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RDOG vs. AMLP - Sharpe Ratio Comparison

The current RDOG Sharpe Ratio is 1.49, which is comparable to the AMLP Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of RDOG and AMLP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RDOG	AMLP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	1.62	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	0.86	-0.74
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	0.25	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.23	-0.06

Drawdowns

RDOG vs. AMLP - Drawdown Comparison

The maximum RDOG drawdown since its inception was -67.59%, smaller than the maximum AMLP drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for RDOG and AMLP.

Drawdown Indicators

	RDOG	AMLP	Difference
Max Drawdown Largest peak-to-trough decline	-67.59%	-77.19%	+9.60%
Max Drawdown (1Y) Largest decline over 1 year	-10.02%	-8.94%	-1.08%
Max Drawdown (3Y) Largest decline over 3 years	-21.40%	-14.27%	-7.13%
Max Drawdown (5Y) Largest decline over 5 years	-35.52%	-20.92%	-14.60%
Max Drawdown (10Y) Largest decline over 10 years	-49.35%	-72.62%	+23.27%
Current Drawdown Current decline from peak	-1.24%	-3.85%	+2.61%
Average Drawdown Average peak-to-trough decline	-12.26%	-17.40%	+5.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.09%	2.67%	+0.42%

Volatility

RDOG vs. AMLP - Volatility Comparison

The current volatility for ALPS REIT Dividend Dogs ETF (RDOG) is 4.15%, while Alerian MLP ETF (AMLP) has a volatility of 4.94%. This indicates that RDOG experiences smaller price fluctuations and is considered to be less risky than AMLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RDOG	AMLP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	4.94%	-0.79%
Volatility (6M) Calculated over the trailing 6-month period	10.43%	8.65%	+1.78%
Volatility (1Y) Calculated over the trailing 1-year period	14.49%	11.91%	+2.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.84%	19.98%	-0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.05%	27.68%	-4.63%

RDOG vs. AMLP - Expense Ratio Comparison

RDOG has a 0.35% expense ratio, which is lower than AMLP's 0.90% expense ratio.

Dividends

RDOG vs. AMLP - Dividend Comparison

RDOG's dividend yield for the trailing twelve months is around 6.08%, less than AMLP's 7.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMLP Alerian MLP ETF	7.62%	8.36%	7.70%	7.86%	7.70%	8.55%	12.31%	9.12%	9.29%	7.97%	8.09%	9.84%
RDOG ALPS REIT Dividend Dogs ETF	6.08%	6.91%	6.11%	7.07%	5.25%	3.11%	5.12%	3.10%	3.13%	3.64%	3.66%	3.43%

Frequently Asked Questions

Can I hold both RDOG and AMLP in my portfolio?

RDOG and AMLP have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RDOG or AMLP?

AMLP has higher volatility (4.94%) compared to RDOG (4.15%). In terms of maximum drawdown, RDOG dropped -67.59% vs AMLP's -77.19%.

Which ETF is better, RDOG or AMLP?

On 10-year performance, AMLP leads with 6.79% vs 4.14% for RDOG. On fees, RDOG is cheaper at 0.35% per year. On volatility, RDOG has been the lower-risk option at 4.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RDOG or AMLP?

Over the 10-year period, AMLP has performed better with a 6.79% return vs 4.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RDOG or AMLP?

RDOG is cheaper with a 0.35% expense ratio, compared with 0.90% for AMLP.

Which ETF pays a higher dividend yield, RDOG or AMLP?

AMLP has the higher dividend yield at 7.62%, compared with 6.08% for RDOG.

What is the main difference between RDOG and AMLP?

RDOG is categorized as REIT, while AMLP is MLPs. RDOG tracks S-Network REIT Dividend Dogs Index, while AMLP tracks Alerian MLP Infrastructure Index. Their fees differ too: 0.35% for RDOG and 0.90% for AMLP.

Which has better risk-adjusted returns?

AMLP currently has the higher Sharpe Ratio (1.62 vs 1.49), 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.