ETRACS Quarterly Pay 1.5X Leveraged Alerian… (MLPR) Performance
MLPR total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +32.3% since Dec 31, 2025
- 1 year
- +39.2% total return
- 5 years
- +27.2% a year
- Since first price
- +30.2% a year since 2020
MLPR trailing returns vs SPY, QQQ, AGG
| Period | MLPR total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −2.4% | −4.8% | −1.0% | −5.0% | +0.9% |
| 3 months | −4.2% | −6.6% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.9% | +1.7% | +7.8% | +8.4% | −1.5% |
| YTD | +32.3% | +19.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +39.2% | +25.9% | +14.4% | +15.9% | −1.1% |
| 3 years | +101.4%+26.3%/yr | +47.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +233.1%+27.2%/yr | +93.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionJun 3, 2020 | +438.5%+30.2%/yr | +165.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MLPR vs SPY
From Jun 3, 2020: MLPR grew to $53,846, SPY to $26,617.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MLPR returns by calendar year
5 of 5 full years positive. Best 2021 (+57.3%), worst 2025 (+9.8%). 2026 is year to date.
MLPR annual returns table
| Year | MLPR | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +32.3% | −14.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +9.8% | −24.5% | +17.7% | +20.8% | +7.2% |
| 2024 | +31.6% | −13.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +35.9% | −14.4% | +26.2% | +54.9% | +5.7% |
| 2022 | +45.6% | −28.7% | −18.2% | −32.6% | −13.0% |
| 2021 | +57.3% | −24.2% | +28.7% | +27.4% | −1.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MLPR largest drawdowns
Now 10.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 8, 2020 | −49.0% | Sep 25, 2020 | Mar 2, 2021 | 4 months | 9 months |
| Jun 7, 2022 | −28.7% | Jun 23, 2022 | Aug 25, 2022 | 16 days | 3 months |
| Apr 2, 2025 | −24.5% | Apr 8, 2025 | Jan 27, 2026 | 6 days | 10 months |
| Jun 16, 2021 | −24.2% | Aug 19, 2021 | Feb 1, 2022 | 2 months | 8 months |
| Aug 25, 2022 | −22.3% | Sep 26, 2022 | Oct 28, 2022 | 32 days | 2 months |
| Feb 14, 2023 | −14.4% | Mar 23, 2023 | Jul 3, 2023 | 37 days | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MLPR risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +25.3% | +29.6% | +34.6% |
| Volatility (annualized) | 24.6% | 28.3% | 31.1% |
| Sharpe ratio | 0.87 | 0.94 | 1.02 |
| Sortino ratio | 1.55 | 1.64 | 1.87 |
| Best month | +21.2% | +21.7% | +33.8% |
| Worst month | −13.6% | −20.3% | −20.3% |
| Best 12 months | +44.2% | +65.0% | +132.9% |
| Worst 12 months | +0.9% | +0.9% | +0.9% |
| Positive months | 61% | 63% | 65% |
| Beta vs S&P 500 | 0.67 | 0.84 | — |
| Correlation with S&P 500 | 0.34 | 0.47 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MLPR rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 65 | +0.9% | +36.5% | +132.9% | 100% |
| 3-year (a year) | 41 | +20.2% | +33.5% | +62.3% | 100% |
| 5-year (a year) | 17 | +26.9% | +35.1% | +44.3% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
MLPR performance overview
ETRACS Quarterly Pay 1.5X Leveraged Alerian… (MLPR) returned +39.2% over the past year and +27.2% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +30.2% a year, turning $10,000 into about $53,846. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −49.0%, from Jun 8, 2020 to Sep 25, 2020, and it took 5 months to get back to the old high. MLPR finished 5 of its 5 full calendar years with a gain; the best year was 2021 (+57.3%) and the worst 2025 (+9.8%). Volatility has been 31.1% a year.
Related: MLPR chart, MLPR holdings, MLPR dividends, MLPR valuation. See the MLPR overview for the latest quote and fund facts.
MLPR performance FAQ
What is the MLPR return over the past year?
MLPR returned +39.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 25.9%.
What is the average annual return of MLPR?
MLPR has returned +27.2% a year over 5 years, +30.2% a year since June 3, 2020 (total return, distributions reinvested).
How much would $10,000 invested in MLPR be worth?
$10,000 invested in MLPR at its first recorded close on June 3, 2020 would be worth about $53,846 on October 23, 2026 with distributions reinvested.
What was the worst year for MLPR?
The worst calendar year was 2025, with a total return of +9.8%. The best was 2021 at +57.3%.
What is the biggest drawdown of MLPR?
The largest peak-to-trough decline was −49.0% between June 8, 2020 and September 25, 2020. It recovered to the old high on March 2, 2021, 5 months after the bottom.
How volatile is MLPR?
Over the past 3 years MLPR had an annualized volatility of 24.6% and a Sharpe ratio of 0.87 (excess return over 1–3 month T-bills per unit of risk).