EPD vs MLPB: Correlation
Measured on weekly returns over the past three years, Enterprise Products Partners L.P. (EPD) and ETRACS Alerian MLP Infrastructure Index ETN Series B due (MLPB) carry a correlation of 0.81, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EPD and MLPB?
Over the past 3 years, EPD and MLPB moved with a correlation of 0.81, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.80 over 1 year against 0.81 over 3. Over 5 years the correlation is 0.85, and the annualized covariance of weekly returns is 220.7 %².
MLPB is one of the assets that tracks EPD most closely: it ranks #2 out of the 12 assets we track against EPD. Their 12-month results are close: +31.5% for EPD against +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.
EPD vs MLPB: side by side
| EPD (Enterprise Products Partners L.P.) | MLPB (ETRACS Alerian MLP Infrastructure Index ETN Series B due) | |
|---|---|---|
| 1-year return | +31.5% | +29.4% |
| 5-year return | +150.0% | +186.2% |
| Volatility (ann.) | 16.4% | 16.5% |
| Beta vs S&P 500 | 0.15 | 0.32 |
| Max drawdown (3Y) | -15.4% | -16.5% |
| Market cap | $84.3B | – |
| P/E (trailing) | 13.6 | – |
| Dividend yield | 5.63% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EPD | MLPB |
|---|---|---|
| 2022 | +18.3% | +30.2% |
| 2023 | +17.7% | +22.0% |
| 2024 | +28.0% | +25.5% |
| 2025 | +9.5% | +7.4% |
| 2026 | +27.5% | +29.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPD and MLPB good diversifiers for each other?
No: a correlation of 0.81 means EPD and MLPB tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between EPD and MLPB?
As of 2026-08-27, the correlation of weekly returns between EPD and MLPB is 0.81 over 3 years, 0.80 over 1 year and 0.85 over 5 years.
Is MLPB a good diversifier for EPD?
No: a correlation of 0.81 means EPD and MLPB tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.81 mean?
On the −1 to +1 scale, 0.81 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/epd-vs-mlpb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/epd-vs-mlpb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EPD correlations · MLPB correlations
