ETRACS NYSE Pickens Core Midstream Index ETN (PYPE)
PYPE is a passive ETF by UBS tracking the investment results of the NYSE Pickens Core Midstream Index. PYPE launched on Aug 20, 2018 and has a 0.85% expense ratio.
ETF Info
Aug 20, 2018
North America (U.S.)
1x
NYSE Pickens Core Midstream Index
Multi-Cap
Blend
Expense Ratio
PYPE features an expense ratio of 0.85%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ETRACS NYSE Pickens Core Midstream Index ETN, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
PYPE
N/A
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^GSPC (Benchmark)
23.11%
-0.36%
7.02%
23.15%
12.80%
11.01%
Monthly Returns
The table below presents the monthly returns of PYPE, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 3.76% | -3.43% | -0.67% | 1.13% | -1.01% | 4.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.14% | |
| 2022 | 10.17% | 4.38% | 5.36% | -1.89% | 5.95% | -14.45% | 12.51% | 2.62% | -8.90% | 13.68% | 3.07% | -4.60% | 26.71% |
| 2021 | 4.58% | 8.12% | 7.88% | 5.79% | 6.65% | 5.19% | -5.82% | -2.02% | 4.13% | 4.83% | -6.65% | 1.44% | 38.11% |
| 2020 | -6.23% | -13.82% | -45.22% | 47.64% | 10.40% | -5.10% | -3.25% | 1.19% | -12.12% | 3.66% | 22.27% | 2.45% | -23.49% |
| 2019 | 14.91% | 0.13% | 4.45% | -1.23% | -2.19% | 3.00% | -0.44% | -4.92% | 2.68% | -5.49% | -4.09% | 8.90% | 14.73% |
| 2018 | -3.31% | -2.43% | -7.13% | 0.68% | -11.26% | -21.73% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ETRACS NYSE Pickens Core Midstream Index ETN (PYPE) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
| Period | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Dividend | $1.33 | $1.36 | $1.57 | $1.62 | $0.01 |
Dividend yield | 6.23% | 7.51% | 11.13% | 7.77% | 0.07% |
Monthly Dividends
The table displays the monthly dividend distributions for ETRACS NYSE Pickens Core Midstream Index ETN. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.36 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.70 |
| 2022 | $0.33 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $1.33 |
| 2021 | $0.33 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $1.36 |
| 2020 | $0.43 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $1.57 |
| 2019 | $0.40 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $1.62 |
| 2018 | $0.01 | $0.00 | $0.00 | $0.01 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the ETRACS NYSE Pickens Core Midstream 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 ETRACS NYSE Pickens Core Midstream Index ETN was 69.64%, occurring on Mar 18, 2020. Recovery took 307 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -69.64% | Aug 22, 2018 | 338 | Mar 18, 2020 | 307 | Jun 7, 2021 | 645 |
| -20.61% | Jun 8, 2022 | 19 | Jul 6, 2022 | 98 | Nov 22, 2022 | 117 |
| -15.82% | Jun 17, 2021 | 45 | Aug 19, 2021 | 42 | Oct 19, 2021 | 87 |
| -13.91% | Oct 21, 2021 | 40 | Dec 20, 2021 | 17 | Jan 14, 2022 | 57 |
| -10.66% | Feb 15, 2023 | 26 | Mar 23, 2023 | 57 | Jun 14, 2023 | 83 |
Volatility
Volatility Chart
The current ETRACS NYSE Pickens Core Midstream Index ETN volatility is 0.00%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.