MLPB vs TYG: Correlation
Measured on weekly returns over the past three years, ETRACS Alerian MLP Infrastructure Index ETN Series B due (MLPB) and Tortoise Energy Infrastructure Corporation (TYG) carry a correlation of 0.74, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MLPB and TYG?
Over the past 3 years, MLPB and TYG moved with a correlation of 0.74, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.63 versus 0.74 over 3 years. Over 5 years the correlation is 0.81, and the annualized covariance of weekly returns is 260.4 %².
Within MLPB's tracked universe of 22 assets, TYG comes in at #10 by 3-year correlation. The last year tells two different stories: MLPB led by 15.3 percentage points, +29.4% for MLPB 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.
MLPB vs TYG: side by side
| MLPB (ETRACS Alerian MLP Infrastructure Index ETN Series B due) | TYG (Tortoise Energy Infrastructure Corporation) | |
|---|---|---|
| 1-year return | +29.4% | +14.1% |
| 5-year return | +186.2% | +162.5% |
| Volatility (ann.) | 16.5% | 21.2% |
| Beta vs S&P 500 | 0.32 | 0.45 |
| Max drawdown (3Y) | -16.5% | -25.1% |
| Market cap | – | – |
| P/E (trailing) | – | 6.0 |
| Dividend yield | 0.00% | 11.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MLPB | TYG |
|---|---|---|
| 2022 | +30.2% | +24.2% |
| 2023 | +22.0% | -0.4% |
| 2024 | +25.5% | +60.2% |
| 2025 | +7.4% | +8.5% |
| 2026 | +29.7% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MLPB and TYG good diversifiers for each other?
To a limited degree. At 0.74 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 MLPB and TYG?
The MLPB/TYG correlation stands at 0.74 on a 3-year window (1 year: 0.63, 5 years: 0.81), computed from weekly returns as of 2026-08-27.
Is TYG a good diversifier for MLPB?
To a limited degree. At 0.74 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 0.74 mean?
A reading of 0.74 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mlpb-vs-tyg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mlpb-vs-tyg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MLPB correlations · TYG correlations
