AMUB vs MLPB: Correlation
Measured on weekly returns over the past three years, ETRACS Alerian MLP Index ETN Series B due July 18, 2042 (AMUB) and ETRACS Alerian MLP Infrastructure Index ETN Series B due (MLPB) carry a correlation of 0.99, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMUB and MLPB?
On 3 years of weekly data the AMUB/MLPB correlation comes out at 0.99, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.99 lands near the 3-year figure. The 5-year figure is 1.00, and annualized covariance runs at 270.8 %².
In AMUB's tracked universe of 20 assets, MLPB sits right near the top at #1. Twelve-month performance is nearly a tie, at +30.9% for AMUB and +29.4% for MLPB.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AMUB vs MLPB: side by side
| AMUB (ETRACS Alerian MLP Index ETN Series B due July 18, 2042) | MLPB (ETRACS Alerian MLP Infrastructure Index ETN Series B due) | |
|---|---|---|
| 1-year return | +30.9% | +29.4% |
| 5-year return | +191.0% | +186.2% |
| Volatility (ann.) | 16.5% | 16.5% |
| Beta vs S&P 500 | 0.31 | 0.32 |
| Max drawdown (3Y) | -17.0% | -16.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMUB | MLPB |
|---|---|---|
| 2022 | +29.9% | +30.2% |
| 2023 | +25.4% | +22.0% |
| 2024 | +23.0% | +25.5% |
| 2025 | +8.7% | +7.4% |
| 2026 | +29.6% | +29.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMUB and MLPB good diversifiers for each other?
Not really. At 0.99, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between AMUB and MLPB?
Using weekly returns as of 2026-08-27: 0.99 over 3 years, with 0.99 over the last year and 1.00 over 5 years.
Is MLPB a good diversifier for AMUB?
Not really. At 0.99, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.99 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amub-vs-mlpb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amub-vs-mlpb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMUB correlations · MLPB correlations
