SBLK vs. AMLP
Compare and contrast key facts about Star Bulk Carriers Corp. (SBLK) and Alerian MLP ETF (AMLP).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SBLK or AMLP.
Key characteristics
| SBLK | AMLP | |
|---|---|---|
| YTD Return | 24.79% | 14.27% |
| 1Y Return | 47.24% | 27.86% |
| 3Y Return (Ann) | 22.49% | 19.70% |
| 5Y Return (Ann) | 38.54% | 7.84% |
| 10Y Return (Ann) | -2.80% | 1.78% |
| Sharpe Ratio | 1.67 | 2.15 |
| Daily Std Dev | 28.47% | 13.85% |
| Max Drawdown | -99.74% | -77.19% |
| Current Drawdown | -94.07% | -2.55% |
Correlation
The correlation between SBLK and AMLP is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SBLK vs. AMLP - Performance Comparison
In the year-to-date period, SBLK achieves a 24.79% return, which is significantly higher than AMLP's 14.27% return. Over the past 10 years, SBLK has underperformed AMLP with an annualized return of -2.80%, while AMLP has yielded a comparatively higher 1.78% annualized 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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Risk-Adjusted Performance
SBLK vs. AMLP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Star Bulk Carriers Corp. (SBLK) 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
SBLK vs. AMLP - Dividend Comparison
SBLK's dividend yield for the trailing twelve months is around 5.45%, less than AMLP's 7.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SBLK Star Bulk Carriers Corp. | 5.45% | 7.38% | 33.80% | 9.93% | 0.57% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AMLP Alerian MLP ETF | 7.56% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.29% | 7.97% | 8.09% | 9.84% | 6.45% | 6.00% |
Drawdowns
SBLK vs. AMLP - Drawdown Comparison
The maximum SBLK drawdown since its inception was -99.74%, which is greater than AMLP's maximum drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for SBLK and AMLP. For additional features, visit the drawdowns tool.
Volatility
SBLK vs. AMLP - Volatility Comparison
Star Bulk Carriers Corp. (SBLK) has a higher volatility of 7.97% compared to Alerian MLP ETF (AMLP) at 4.81%. This indicates that SBLK'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.