UPAR vs. AMLP
Compare and contrast key facts about UPAR Ultra Risk Parity ETF (UPAR) and Alerian MLP ETF (AMLP).
UPAR and AMLP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UPAR is a passively managed fund by RPAR that tracks the performance of the NONE. It was launched on Jan 3, 2022. 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. Both UPAR and AMLP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
UPAR vs. AMLP - Performance Comparison
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UPAR vs. AMLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UPAR UPAR Ultra Risk Parity ETF | 5.18% | 23.87% | -2.26% | 5.73% | -30.30% |
AMLP Alerian MLP ETF | 14.20% | 5.78% | 22.76% | 21.40% | 19.34% |
Returns By Period
In the year-to-date period, UPAR achieves a 5.18% return, which is significantly lower than AMLP's 14.20% return.
UPAR
- 1D
- 2.67%
- 1M
- -7.86%
- YTD
- 5.18%
- 6M
- 8.43%
- 1Y
- 21.19%
- 3Y*
- 7.85%
- 5Y*
- —
- 10Y*
- —
AMLP
- 1D
- -1.16%
- 1M
- 1.15%
- YTD
- 14.20%
- 6M
- 16.89%
- 1Y
- 9.93%
- 3Y*
- 20.27%
- 5Y*
- 20.38%
- 10Y*
- 8.63%
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UPAR vs. AMLP - Expense Ratio Comparison
UPAR has a 0.65% expense ratio, which is lower than AMLP's 0.90% expense ratio.
Return for Risk
UPAR vs. AMLP — Risk / Return Rank
UPAR
AMLP
UPAR vs. AMLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UPAR Ultra Risk Parity ETF (UPAR) 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.
| UPAR | AMLP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.34 | 0.62 | +0.72 |
Sortino ratioReturn per unit of downside risk | 1.82 | 0.89 | +0.92 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.13 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.01 | 0.68 | +1.33 |
Martin ratioReturn relative to average drawdown | 7.18 | 1.72 | +5.45 |
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
| UPAR | AMLP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 0.62 | +0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.02 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.31 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 0.22 | -0.30 |
Correlation
The correlation between UPAR and AMLP is 0.32, 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.
Dividends
UPAR vs. AMLP - Dividend Comparison
UPAR's dividend yield for the trailing twelve months is around 2.75%, less than AMLP's 7.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UPAR UPAR Ultra Risk Parity ETF | 2.75% | 3.28% | 3.32% | 3.04% | 4.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AMLP Alerian MLP ETF | 7.54% | 8.36% | 7.70% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.29% | 7.97% | 8.09% | 9.84% |
Drawdowns
UPAR vs. AMLP - Drawdown Comparison
The maximum UPAR drawdown since its inception was -39.00%, smaller than the maximum AMLP drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for UPAR and AMLP.
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Drawdown Indicators
| UPAR | AMLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.00% | -77.19% | +38.19% |
Max Drawdown (1Y)Largest decline over 1 year | -11.21% | -14.27% | +3.06% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.92% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -72.62% | — |
Current DrawdownCurrent decline from peak | -8.18% | -2.17% | -6.01% |
Average DrawdownAverage peak-to-trough decline | -22.49% | -17.57% | -4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 5.60% | -2.47% |
Volatility
UPAR vs. AMLP - Volatility Comparison
UPAR Ultra Risk Parity ETF (UPAR) has a higher volatility of 7.00% compared to Alerian MLP ETF (AMLP) at 2.92%. This indicates that UPAR'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
| UPAR | AMLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.00% | 2.92% | +4.08% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 7.86% | +2.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.86% | 16.08% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.17% | 20.18% | -2.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.17% | 27.84% | -9.67% |