- 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
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
AMJB Performance Chart
Alerian MLP Index ETN (AMJB) is up 15.0% since the beginning of the year. AMJB is currently trading at $34 per share.
Loading charts...
Returns By Period
Alerian MLP Index ETN (AMJB) has returned 14.98% so far this year and 13.35% over the past 12 months.
Alerian MLP Index ETN
- 1D
- 2.73%
- 1M
- -7.15%
- YTD
- 14.98%
- 6M
- 14.48%
- 1Y
- 13.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
AMJB Monthly Returns History
Based on dividend-adjusted daily data since Jan 26, 2024, AMJB's average daily return is +0.05%, while the average monthly return is +0.96%. At this rate, an investment would double in approximately 6.0 years.
Historically, 43% of months were positive and 57% 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% | -3.53% | 14.98% | ||||||
| 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 3.43%, beta of 0.49, and R2 of 0.18 versus S&P 500 Index. Calculated based on daily prices since January 26, 2024.
- This ETF participated in 75.68% of S&P 500 Index downside but only 62.11% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.49 may look defensive, but with R2 of 0.18 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 0.18 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
- 3.43%
- Beta
- 0.49
- R²
- 0.18
- Upside Capture
- 62.11%
- Downside Capture
- 75.68%
Expense Ratio
AMJB has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
AMJB ranks 25 for risk / return — below 25% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by 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 | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.32 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 2.46 | -1.31 |
| Martin ratioReturn relative to average drawdown | 3.57 | 10.92 | -7.35 |
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.
Loading charts...
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 8.22%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -17.70%Apr 2025 | 1mo 16d | 10mo 8d | 11mo 24dFeb 2025 - Feb 2026 |
2026 correction2026 | -11.80%Jun 2026 | 28d | — | 1mo 5dMay 2026 - now |
2024 pullback2024 | -9.17%Dec 2024 | 16d | 29d | 1mo 15dDec 2024 - Jan 2025 |
2024 pullback2024 | -8.44%Aug 2024 | 21d | 3mo 7d | 3mo 28dJul 2024 - Nov 2024 |
2026 pullback2026 | -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 | -8.22% | -3.21% | -5.01% |
Average DrawdownAverage peak-to-trough decline | -5.03% | -10.71% | +5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.77% | 2.04% | +1.73% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with AMJB
Add Alerian MLP Index ETN to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with AMJB