AMUB vs TYG: Correlation
How closely do ETRACS Alerian MLP Index ETN Series B due July 18, 2042 (AMUB) and Tortoise Energy Infrastructure Corporation (TYG) trade together? Their weekly returns over three years give a correlation of 0.73, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMUB and TYG?
Over the past 3 years, AMUB and TYG moved with a correlation of 0.73, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.60 versus 0.73 over 3 years. Over 5 years the correlation is 0.81, and the annualized covariance of weekly returns is 255.1 %².
By 3-year correlation, TYG places #10 of the 20 assets tracked against AMUB. The last year tells two different stories: AMUB led by 16.8 percentage points, +30.9% for AMUB against +14.1% for TYG.
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 TYG: side by side
| AMUB (ETRACS Alerian MLP Index ETN Series B due July 18, 2042) | TYG (Tortoise Energy Infrastructure Corporation) | |
|---|---|---|
| 1-year return | +30.9% | +14.1% |
| 5-year return | +191.0% | +162.5% |
| Volatility (ann.) | 16.5% | 21.2% |
| Beta vs S&P 500 | 0.31 | 0.45 |
| Max drawdown (3Y) | -17.0% | -25.1% |
| Market cap | – | – |
| P/E (trailing) | – | 6.0 |
| Dividend yield | – | 11.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMUB | TYG |
|---|---|---|
| 2022 | +29.9% | +24.2% |
| 2023 | +25.4% | -0.4% |
| 2024 | +23.0% | +60.2% |
| 2025 | +8.7% | +8.5% |
| 2026 | +29.6% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMUB and TYG good diversifiers for each other?
To a limited degree. At 0.73 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AMUB and TYG?
As of 2026-08-27, the correlation of weekly returns between AMUB and TYG is 0.73 over 3 years, 0.60 over 1 year and 0.81 over 5 years.
Is TYG a good diversifier for AMUB?
To a limited degree. At 0.73 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.73 mean?
On the −1 to +1 scale, 0.73 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: AMUB correlations · TYG correlations
