RTX vs. AMLP
RTX (RTX Corporation) is a stock, while AMLP (Alerian MLP ETF) is MLPs fund tracking the Alerian MLP Infrastructure Index. Over the past 10 years, RTX returned 15.68%/yr vs 6.92%/yr for AMLP. At a 0.37 correlation, their price movements are largely independent.
Performance
RTX vs. AMLP - Performance Comparison
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Returns By Period
In the year-to-date period, RTX achieves a 0.82% return, which is significantly lower than AMLP's 15.29% return. Over the past 10 years, RTX has outperformed AMLP with an annualized return of 15.68%, while AMLP has yielded a comparatively lower 6.92% annualized return.
RTX
- 1D
- -0.37%
- 1M
- 3.47%
- YTD
- 0.82%
- 6M
- 3.50%
- 1Y
- 32.26%
- 3Y*
- 25.18%
- 5Y*
- 18.20%
- 10Y*
- 15.68%
AMLP
- 1D
- -0.34%
- 1M
- -1.96%
- YTD
- 15.29%
- 6M
- 14.35%
- 1Y
- 14.76%
- 3Y*
- 20.22%
- 5Y*
- 15.26%
- 10Y*
- 6.92%
RTX vs. AMLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RTX RTX Corporation | 0.82% | 61.44% | 40.76% | -14.44% | 20.01% | 23.27% | -7.70% | 43.82% | -14.66% | 19.13% |
AMLP Alerian MLP ETF | 15.29% | 5.78% | 22.76% | 21.40% | 25.47% | 39.09% | -32.26% | 5.99% | -12.67% | -7.89% |
Correlation
The correlation between RTX 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 | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2010 | 0.37 |
Over the past year, the correlation between RTX and AMLP has dropped to 0.06 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
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Return for Risk
RTX vs. AMLP — Risk / Return Rank
RTX
AMLP
RTX vs. AMLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RTX Corporation (RTX) 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.
| RTX | AMLP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.22 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 1.66 | +0.02 |
| Martin ratioReturn relative to average drawdown | 4.55 | 5.35 | -0.80 |
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Drawdowns
RTX vs. AMLP - Drawdown Comparison
The maximum RTX drawdown since its inception was -55.14%, smaller than the maximum AMLP drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for RTX and AMLP.
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Drawdown Indicators
| RTX | AMLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.14% | -77.19% | +22.05% |
Max Drawdown (1Y)Largest decline over 1 year | -19.32% | -8.94% | -10.38% |
Max Drawdown (3Y)Largest decline over 3 years | -29.48% | -14.27% | -15.21% |
Max Drawdown (5Y)Largest decline over 5 years | -32.84% | -20.92% | -11.92% |
Max Drawdown (10Y)Largest decline over 10 years | -51.98% | -72.62% | +20.64% |
Current DrawdownCurrent decline from peak | -13.13% | -4.94% | -8.19% |
Average DrawdownAverage peak-to-trough decline | -13.03% | -17.37% | +4.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.10% | 2.77% | +4.33% |
Volatility
RTX vs. AMLP - Volatility Comparison
RTX Corporation (RTX) has a higher volatility of 8.72% compared to Alerian MLP ETF (AMLP) at 4.71%. This indicates that RTX'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
| RTX | AMLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.72% | 4.71% | +4.01% |
Volatility (6M)Calculated over the trailing 6-month period | 18.40% | 8.77% | +9.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.26% | 11.84% | +12.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.94% | 19.95% | +3.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.77% | 27.67% | +0.10% |
Dividends
RTX vs. AMLP - Dividend Comparison
RTX's dividend yield for the trailing twelve months is around 1.51%, less than AMLP's 7.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMLP Alerian MLP ETF | 7.71% | 8.36% | 7.70% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.29% | 7.97% | 8.09% | 9.84% |
RTX RTX Corporation | 1.51% | 1.46% | 2.14% | 2.76% | 2.14% | 2.33% | 21.21% | 1.96% | 2.66% | 2.13% | 2.39% | 2.66% |
Frequently Asked Questions
RTX 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.
RTX has higher volatility (8.72%) compared to AMLP (4.71%). In terms of maximum drawdown, RTX dropped -55.14% vs AMLP's -77.19%.
RTX currently has the higher Sharpe Ratio (1.34 vs 1.25), 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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