- Issuer
- JPMorgan
- Inception Date
- Jan 26, 2024
- Category
- Energy Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Alerian MLP Index
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Assets Under Management
- $685M
Highlights
- Avg. Volume (1M)
- 26K
- Avg. Volume Value (1M)
- $933.84K
Share Price Chart
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Performance
AMJB Performance Chart
Alerian MLP Index ETN (AMJB) is up 24.4% since the beginning of the year. AMJB is currently trading at $37 per share.
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Returns By Period
Alerian MLP Index ETN (AMJB) has returned 24.37% so far this year and 20.98% over the past 12 months.
Alerian MLP Index ETN
- 1D
- -0.11%
- 1M
- 8.01%
- 6M
- 15.28%
- YTD
- 24.37%
- 1Y
- 20.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.21%
Benchmark (S&P 500 Index)
- 1D
- 1.48%
- 1M
- 1.57%
- 6M
- 8.95%
- YTD
- 11.03%
- 1Y
- 21.84%
- 3Y*
- 19.28%
- 5Y*
- 11.54%
- 10Y*
- 13.29%
- ALL TIME*
- 8.11%
AMJB Monthly Returns History
Based on dividend-adjusted daily data since Jan 26, 2024, AMJB's average daily return is +0.06%, while the average monthly return is +1.15%. At this rate, an investment would double in approximately 5.1 years.
Historically, 44% of months were positive and 56% were negative. The best month was Nov 2024 with a return of +12.5%, while the worst month was Apr 2025 at -8.3%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 4 months.
On a daily basis, AMJB closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +5.8%, while the worst single day was Apr 4, 2025 at -9.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.73% | 6.18% | 0.12% | 4.54% | -1.36% | -3.25% | 7.97% | -0.11% | 24.37% | ||||
| 2025 | 8.78% | 2.77% | -1.55% | -8.34% | -0.60% | 2.26% | 2.84% | -1.45% | -3.75% | -0.51% | 5.75% | -3.70% | 1.36% |
| 2024 | -0.43% | 2.69% | 4.70% | -1.50% | -1.25% | 4.40% | -0.07% | -1.21% | -0.39% | -1.23% | 12.52% | -6.70% | 10.85% |
Benchmark Metrics
Alerian MLP Index ETN has an annualized alpha of 6.59%, beta of 0.46, and R2 of 0.16 versus S&P 500 Index. Calculated based on daily prices since January 26, 2024.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (60.55%) than losses (48.16%) - typical of diversified or defensive assets.
- Beta of 0.46 may look defensive, but with R2 of 0.16 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.16 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 6.59%
- Beta
- 0.46
- R²
- 0.16
- Upside Capture
- 60.55%
- Downside Capture
- 48.16%
Expense Ratio
AMJB has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
AMJB ranks 48 for risk / return — above 48% of ETFs peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Alerian MLP Index ETN (AMJB) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AMJB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.31 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 2.41 | -0.62 |
| Martin ratioReturn relative to average drawdown | 5.33 | 10.22 | -4.89 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Alerian MLP Index ETN. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Alerian MLP Index ETN was 17.70%, occurring on Apr 8, 2025. Recovery took 211 trading sessions.
The current Alerian MLP Index ETN drawdown is 0.72%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-17.70%Apr 2025 | 1mo 16d | 10mo 8d | 11mo 24dFeb 2025 - Feb 2026 | 2025 selloff2025 |
-11.80%Jun 2026 | 28d | — | 2mo 16dMay 2026 - now | — |
-9.17%Dec 2024 | 16d | 29d | 1mo 15dDec 2024 - Jan 2025 | — |
-8.44%Aug 2024 | 21d | 3mo 7d | 3mo 28dJul 2024 - Nov 2024 | — |
-7.97%Apr 2026 | 21d | 13d | 1mo 4dMar 2026 - Apr 2026 | — |
Drawdown Indicators
| AMJB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.70% | -56.78% | +39.08% |
Max Drawdown (1Y)Largest decline over 1 year | -11.80% | -9.10% | -2.70% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.72% | -0.12% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -10.70% | +5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.19% | 2.14% | +2.05% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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