TMLP vs. AMTR

Last updated Jul 30, 2026

TMLP (Tortoise MLP ETF) and AMTR (ETRACS Alerian Midstream Energy Total Return Index ETN) are both MLPs funds - TMLP tracks the Tortoise MLP Index while AMTR tracks the Alerian Midstream Energy Index. Both are passively managed. TMLP charges 0.50%/yr vs 0.75%/yr for AMTR.

Performance

TMLP vs. AMTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tortoise MLP ETF (TMLP) and ETRACS Alerian Midstream Energy Total Return Index ETN (AMTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TMLP

• 1D: 0.18%
• 1M: 6.05%
• 6M: 14.10%
• YTD: 20.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

AMTR

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TMLP Tortoise MLP ETF	$23.01K	$29.46K	$99.82K

TMLP vs. AMTR - Yearly Performance Comparison

	2026 (YTD)	2025
TMLP Tortoise MLP ETF	20.86%	0.01%
AMTR ETRACS Alerian Midstream Energy Total Return Index ETN	0.00%	0.00%

Return for Risk

TMLP vs. AMTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tortoise MLP ETF (TMLP) and ETRACS Alerian Midstream Energy Total Return Index ETN (AMTR). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

Drawdown Indicators

	TMLP	AMTR	Difference
Max Drawdown Largest peak-to-trough decline	-8.55%	—	—
Current Drawdown Current decline from peak	-1.19%	—	—
Average Drawdown Average peak-to-trough decline	-2.18%	—	—

Volatility

Volatility by Period

	TMLP	AMTR	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.28%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.28%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.28%	—	—

TMLP vs. AMTR - Expense Ratio Comparison

TMLP has a 0.50% expense ratio, which is lower than AMTR's 0.75% expense ratio.

Dividends

TMLP vs. AMTR - Dividend Comparison

TMLP's dividend yield for the trailing twelve months is around 3.71%, while AMTR has not paid dividends to shareholders.

Position	TTM	2025
AMTR ETRACS Alerian Midstream Energy Total Return Index ETN	0.00%	0.00%
TMLP Tortoise MLP ETF	3.71%	0.04%

Frequently Asked Questions

Which ETF is better, TMLP or AMTR?

On fees, TMLP is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TMLP or AMTR?

TMLP is cheaper with a 0.50% expense ratio, compared with 0.75% for AMTR.

Which ETF pays a higher dividend yield, TMLP or AMTR?

TMLP has the higher dividend yield at 3.71%, compared with 0.00% for AMTR.

What is the main difference between TMLP and AMTR?

TMLP tracks Tortoise MLP Index, while AMTR tracks Alerian Midstream Energy Index. They also come from different issuers: Tortoise and UBS. Their fees differ too: 0.50% for TMLP and 0.75% for AMTR.