AMLP vs XYLD: Performance, Holdings, Fees & Risk
AMLP and XYLD are ETFs, but they can differ materially in exposure, yield, fees and risk. AMLP is Alerian MLP ETF, while XYLD is Global X - S&P 500 Covered Call ETF. XYLD is broader by holdings count, with 507 positions versus 15 for AMLP. AMLP is more concentrated at the top, based on top-10 holdings weight. Current AlgovestIQ evidence has AMLP ahead on AIQ Score, 56 versus 48.
What is the main difference between AMLP and XYLD?
XYLD holds 507 positions to AMLP's 15, and 0% of their weight is in the same securities.
| Metric | AMLP | XYLD |
|---|---|---|
| Fund | ||
| Expense ratio | 1.01% | 0.6% |
| Holdings | 15 | 507 |
| Top-10 concentration | 92.2% | 38% |
| Distribution yieldTrailing 12 months | 7.74% | 10.24% |
| Average volume | 1,276,116 | 625,833 |
| Performance | ||
| 1Y return | +15.7% | +4.9% |
| YTD return | +11.9% | +1.9% |
| 5Y annualized returnTotal return, distributions reinvested | +16.5% | +7.4% |
| Risk | ||
| Annualized volatility | 13.2% | 7.5% |
| Max drawdown (1Y) | -8.1% | -6.6% |
| Max drawdown (5Y)Total return, distributions reinvested | -20.9% | -18.7% |
| Beta | -0.15 | 0.47 |
| Sharpe ratio | 0.85 | 0.05 |
| Sortino ratio | 1.31 | 0.06 |
| AlgovestIQ | ||
| AIQ Score | 56/100 | 48/100 |
| AIQ Edge Score | 6/10 | 3/10 |
| Momentum | 47/100 | 44/100 |
| Risk Resilience | 58/100 | 74/100 |
AlgovestIQ AIQ Comparison
Alerian MLP ETF vs Global X - S&P 500 Covered Call ETF
AMLP leads
AMLP leads by 8 AIQ points, primarily on Value and Quality, having only recently taken the lead back from XYLD.
Fragile: 2 of 4 evidence groups support AMLP, the lead recently changed hands, and its signal state is cleanly positive.
Alerian MLP ETF
Global X - S&P 500 Covered Call ETF
The Algovestiq AIQ Score currently favors AMLP over XYLD, 56 versus 48 as of Oct 21, 2026. AMLP's advantage is driven primarily by stronger value and quality, while XYLD holds the stronger risk resilience profile. AMLP also shows the weaker technical structure relative to its 50-day moving average. 2 of 4 covered evidence groups favor AMLP today, and the comparison is rated Fragile on stability: only 2 of 4 covered evidence groups agree. AMLP lead: Reversed — XYLD led by 3 AIQ points 30 sessions ago; AMLP now leads by 8.
Compare Alerian MLP ETF and Global X - S&P 500 Covered Call ETF across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
AMLP vs XYLD: which fits what
Each row is settled by a single measure. Where the gap is too small to matter it reads Similar, and no row decides the comparison as a whole.
| If you want | AMLP | XYLD | Fits |
|---|---|---|---|
| Lower costExpense ratio | 1.01% | 0.6% | XYLD |
| Broader diversificationNumber of holdings | 15 | 507 | XYLD |
| Lower concentrationWeight of the 10 largest holdings | 92.2% | 38% | XYLD |
| Higher incomeTrailing 12-month distribution yield | 7.74% | 10.24% | XYLD |
| Smaller drawdownsMax drawdown, 5 years | -20.9% | -18.7% | XYLD |
| Lower volatilityAnnualized volatility, 1 year | 13.2% | 7.5% | XYLD |
Similar means the gap is within 0.01 percentage points of expense ratio, 25% more holdings, 3 points of top-10 weight, 0.2 points of yield, 2 points of drawdown or 1 point of volatility. Past drawdowns and volatility describe the funds’ history, not their future.
Performance over time
Total return with distributions reinvested, from daily closes for both ETFs.
Total return comparison
Growth of $10,000, distributions reinvested
Split-adjusted closes; each distribution is reinvested at the close on its ex-dividend date. Taxes and trading costs are not modeled.
Compare AMLP and XYLD against another ticker
Open a multi-ticker workspace without changing this focused pair page.
AIQ Factor Divergence
Where the two separate, on the four dimensions behind the AIQ Score. Bars read outward from a shared zero: further from the centre is a wider gap.
- Value61 vs 35AMLP +26
- Risk Resilience58 vs 74XYLD +16
- Quality59 vs 52AMLP +7
- Momentum47 vs 44Even
2 of 4 evidence groups favor AMLP. AMLP’s edge is concentrated in value and quality; XYLD keeps a meaningful risk resilience edge.
What changed since the last close
Latest scored session 2026-10-20, compared against the prior scored session 2026-10-19.
Largest factor move: Momentum +6
No signal started or stopped since the prior session; its 4 active signals are unchanged.
Largest factor move: Momentum +2, not enough on its own to move the overall score.
No signal started or stopped since the prior session; its 5 active signals are unchanged.
AMLP's lead widened by 1 AIQ point in the latest session.
Deeper signal detail for each name lives on its own signals page — AMLP and XYLD both carry a full feed there.
The central trade-off
AMLP (Alerian MLP ETF): the stronger current systematic profile, led by value and quality.
XYLD (Global X - S&P 500 Covered Call ETF): the counter-case, on risk resilience, technicals.
Fund facts, side by side
Two funds tracking overlapping universes are separated by cost and risk far more than by holdings. Those lead here.
| Measure | AMLP | XYLD | Why it matters |
|---|---|---|---|
| Expense ratio | 1.01% | 0.6% | Lower is better — it compounds against you every year you hold. |
| Holdings | 15 | 507 | More holdings means broader diversification, not better returns. |
| Average volume | 1,276,116 | 625,833 | Liquidity — matters most if you trade size. |
| Annualized volatility | 13.2% | 7.5% | Lower is a steadier ride for the same exposure. |
| Max drawdown (1Y) | -8.1% | -6.6% | The worst peak-to-trough loss over the past year. |
| Sharpe ratio | 0.85 | 0.05 | Return per unit of risk. Higher is better. |
| Beta | -0.15 | 0.47 | Sensitivity to the broad market. Neither direction is better — it depends on the role in your portfolio. |
Where the exposure actually sits
Sector exposure for each fund, ordered by the size of the difference.
How much of the same holdings they own
AMLP and XYLD share 0% of their weighted exposure across 0 common holdings.
14 holdings are unique to AMLP, and 504 holdings are unique to XYLD. Owning both is genuinely additive — most of the capital sits in different securities.
AMLP is the more concentrated of the two: its ten largest positions are 92.21% of the fund, against 38% for XYLD (15 holdings vs 507). Concentration cuts both ways — it is what drives outperformance when the top names work, and what makes the drawdown deeper when they do not.
What AMLP adds that XYLD doesn’t
| Holding | AMLP | XYLD |
|---|---|---|
| SUNSunoco LP | 13.14% | Not held |
| PAAPlains All American Pipeline LP | 12.75% | Not held |
| ETEnergy Transfer LP | 12.6% | Not held |
| WESWestern Midstream Partners LP | 12.26% | Not held |
| MPLXMPLX LP | 11.62% | Not held |
| EPDEnterprise Products Partners LP | 11.44% | Not held |
What XYLD adds that AMLP doesn’t
| Holding | XYLD | AMLP |
|---|---|---|
| NVDANVIDIA CORP | 7.97% | Not held |
| AAPLAPPLE INC | 7.36% | Not held |
| MSFTMICROSOFT CORP | 5.55% | Not held |
| AMZNAMAZON.COM INC | 3.79% | Not held |
| GOOGLALPHABET INC-CL A | 2.99% | Not held |
| AVGOBROADCOM INC | 2.58% | Not held |
Each list is a fund’s largest positions by weight that the other fund does not hold, or holds at less than half the weight.
AMLP vs XYLD: five-year payout growth
AMLP grew its split-adjusted payout faster over 2020-2025 — 4.46% a year against XYLD's 3.02%. AMLP: The 2020 payout was 18.5% below 2019, so the growth rate measures a recovery from a weak starting year.
| Dividend metric | AMLP | XYLD |
|---|---|---|
| 5Y payout CAGR | 4.46% | 3.02% |
| 2020 annual payout | $3.160 | $3.681 |
| 2025 annual payout | $3.930 | $4.271 |
| Calendar-year declines | 1 | 2 |
| Peer rank | #104 of 138 | #2 of 3 |
Split-adjusted annual distributions, 2020–2025. Research as of Sep 19, 2026. Yield and expense ratio above are current values, not part of this window.
AIQ Agreement Matrix
2 of 4 covered evidence groups favor AMLP. A wide gap backed by one group is a weaker case than a narrow gap backed by five.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | AMLP | 56 vs 48 |
| Fundamentals | Not covered | Not covered |
| Valuation | AMLP | Value 61 vs 35 |
| Technicals | XYLD | Price vs 50-day -2.8% vs -0.2%; vs 200-day -0.1% vs 1.5% |
| Risk Resilience | XYLD | Risk Resilience 58 vs 74 |
| Analyst expectations | Not covered | Not covered |
✓ agrees with the overall verdict · ✕ points the other way. Groups marked “not covered” lack data on one or both of AMLP and XYLD and are excluded from the count.
AIQ Decision Stability
The conclusion is sensitive to small changes. Treat the lead as provisional and watch the flip conditions below.
- The AIQ gap is moderate at 8 points.
- Only 2 of 4 covered evidence groups agree. (argues the conclusion is provisional)
- The lead has already changed hands inside the comparison window. (argues the conclusion is provisional)
- The leader's signal state is cleanly positive. (supports the conclusion holding)
Stability combines the score gap, how broadly the evidence agrees, how steady the lead has been across daily snapshots, the current signal state on both names, and analyst dispersion on AMLP.
How the comparison changed
45 daily snapshots · Sep 6 – Oct 20AMLP lead: Reversed — XYLD led by 3 AIQ points 30 sessions ago; AMLP now leads by 8.
- Today
- AMLP +8
- 56 vs 48
- 7 sessions ago
- XYLD +4
- 53 vs 57
- 30 sessions ago
- XYLD +3
- 51 vs 54
- 90 sessions ago
- Not covered
The lead changed hands 2 times in this window, most recently on Oct 19 when AMLP moved ahead of XYLD.
AIQ Signal Divergence
Only the signals that bear on the head-to-head. A conflicted name is carrying bullish and bearish rules at the same time — the technical evidence is not pointing one way.
2 bullish / 0 bearish / 2 neutral
Only AMLP
- Bollinger Band Squeeze — neutral, volatility, short horizon
- MACD Bullish Crossover — bullish, momentum, short horizon
3 bullish / 1 bearish / 1 neutral, conflicted
Only XYLD
- EMA Ribbon Expansion Bullish — bullish, trend, medium horizon
- 52-Week High Proximity — bullish, risk, long horizon (1.2%)
- MACD Bearish Crossover — bearish, momentum, short horizon
Both carry 2 more signals that do not separate them: Golden Cross Active, ATR Contraction - Coiling.
XYLD is conflicted, so the timing case there is weaker than the score alone suggests.
Price vs model alignment
Whether the latest session's price move confirms what the model did over the same session, or contradicts it.
Neither the price nor the AIQ Score moved enough in the latest session to confirm or contradict the other (price +0.1%, AIQ +1 points).
Neither the price nor the AIQ Score moved enough in the latest session to confirm or contradict the other (price +0.34%, AIQ 0 points).
What would flip this result
A state, not a forecast. These are the specific, observable changes that would reverse the verdict — not a price prediction.
- 1XYLD closes the Value gap — currently 26 points behind, the largest single contributor to AMLP's edge.
- 2XYLD generates a confirmed bullish trend signal it does not currently carry, such as MACD Bullish Crossover or Uptrend Structure Active.
- 3AMLP's Golden Cross Active breaks down — it is the strongest rule currently supporting the verdict.
- 4A regime shift changes factor weighting — Quality and Value carry the heaviest weights in the composite, so a rotation toward either would move the result most.
The full evidence
Every number behind the verdict. The leader is called above each group so you are not left to solve it from the table.
Performance
Split across windows| Metric | AMLP | XYLD |
|---|---|---|
| 1 week (5 sessions) | -0.2% | -1.3% |
| 1 month (20 sessions) | -2% | -0.6% |
| 3 months (63 sessions) | -4% | 1.1% |
| 6 months (126 sessions) | 2.2% | 4.2% |
| Year to date | 11.9% | 1.9% |
| 1 year (252 sessions) | 15.7% | 4.9% |
Technicals
XYLD has the stronger structure| Metric | AMLP | XYLD |
|---|---|---|
| RSI (14) | 56.1 | 45.2 |
| ADX (14) | 39.2 | 14.6 |
| Price vs 50-day | -2.8% | -0.2% |
| Price vs 200-day | -0.1% | 1.5% |
| Volatility (1M, annualized) | 14% | 4.9% |
Risk
XYLD is the more resilient| Metric | AMLP | XYLD |
|---|---|---|
| Beta | -0.15 | 0.47 |
| Sharpe ratio | 0.85 | 0.05 |
| Sortino ratio | 1.31 | 0.06 |
| Max drawdown | -8.1% | -6.6% |
| Current drawdown | -6.4% | -1.4% |
| Annualized volatility | 13.2% | 7.5% |
| Value at risk (95%) | -1.3% | -0.9% |
Straight answers
Short answers to the questions fund investors ask about this pair, from the figures above.
What is the difference between AMLP and XYLD?
XYLD holds 507 positions to AMLP's 15, and 0% of their weight is in the same securities.
How much do AMLP and XYLD overlap?
AMLP and XYLD share 0% of their weighted exposure across 0 common holdings. 14 holdings are unique to AMLP, and 504 holdings are unique to XYLD. Owning both is genuinely additive — most of the capital sits in different securities.
Which ETF is more diversified, AMLP or XYLD?
XYLD holds more positions: 507 versus 15 for AMLP.
Which has the lower expense ratio?
XYLD has the lower expense ratio, 0.6% a year against 1.01% for AMLP.
Which ETF has the higher distribution yield?
XYLD, with a trailing 12-month distribution yield of 10.24% against 7.74% for AMLP.
Which ETF has been more volatile?
AMLP has been more volatile over the past year, at 13.2% annualized against 7.5% for XYLD.
Which ETF has had the smaller drawdown?
XYLD fell less from peak to trough over the past five years: -18.7% against -20.9% for AMLP.
Compare AMLP and XYLD with others
Continue your research
This page answers which of the two. These answer the questions on either side of it.
How this comparison is scored
The Algovestiq AIQ Score composites four factors — Quality, Value, Momentum and Risk, each carrying a fixed weight. Sentiment is reported separately as SentimentPulse and is not folded into the composite. Scores refresh every trading day, and this page regenerates from the latest snapshot rather than being written once.
The verdict names a leader, states how broadly six independent evidence groups agree, and rates how durable that conclusion is given the score gap, its recent trajectory and the current signal state on both names.
How to use side-by-side comparison →This comparison is informational and educational, not investment advice. AIQ scores update daily; re-check after earnings, guidance or macro data that materially changes either name’s factor profile.