Correlation
The correlation between UPAR and AMLP is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UPAR or AMLP.
Performance
UPAR vs. AMLP - Performance Comparison
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Key characteristics
UPAR:
0.32
AMLP:
0.81
UPAR:
0.34
AMLP:
1.12
UPAR:
1.04
AMLP:
1.15
UPAR:
0.09
AMLP:
1.01
UPAR:
0.39
AMLP:
3.50
UPAR:
6.96%
AMLP:
4.11%
UPAR:
16.79%
AMLP:
18.52%
UPAR:
-38.99%
AMLP:
-77.19%
UPAR:
-23.74%
AMLP:
-6.79%
Returns By Period
In the year-to-date period, UPAR achieves a 5.98% return, which is significantly higher than AMLP's 3.68% return.
UPAR
5.98%
0.07%
-0.91%
5.30%
-2.67%
N/A
N/A
AMLP
3.68%
-0.42%
-0.75%
14.88%
14.82%
22.32%
3.12%
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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.
Risk-Adjusted Performance
UPAR vs. AMLP — Risk-Adjusted Performance Rank
UPAR
AMLP
UPAR vs. AMLP - Risk-Adjusted Performance 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.
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Dividends
UPAR vs. AMLP - Dividend Comparison
UPAR's dividend yield for the trailing twelve months is around 3.46%, less than AMLP's 7.99% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UPAR UPAR Ultra Risk Parity ETF | 3.46% | 3.32% | 3.05% | 4.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AMLP Alerian MLP ETF | 7.99% | 7.70% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.30% | 7.97% | 8.09% | 9.84% | 6.45% |
Drawdowns
UPAR vs. AMLP - Drawdown Comparison
The maximum UPAR drawdown since its inception was -38.99%, 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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Volatility
UPAR vs. AMLP - Volatility Comparison
The current volatility for UPAR Ultra Risk Parity ETF (UPAR) is 3.50%, while Alerian MLP ETF (AMLP) has a volatility of 5.01%. This indicates that UPAR 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.
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