AMJ vs. AMZA
Compare and contrast key facts about J.P. Morgan Alerian MLP Index ETN (AMJ) and InfraCap MLP ETF (AMZA).
AMJ and AMZA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMJ is a passively managed fund by JPMorgan Chase that tracks the performance of the Alerian MLP Index. It was launched on Apr 2, 2009. AMZA is an actively managed fund by Virtus Investment Partners. It was launched on Oct 7, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMJ or AMZA.
Key characteristics
| AMJ | AMZA | |
|---|---|---|
| YTD Return | 13.48% | 18.89% |
| 1Y Return | 36.33% | 41.31% |
| 3Y Return (Ann) | 26.12% | 27.86% |
| 5Y Return (Ann) | 10.47% | 5.36% |
| Sharpe Ratio | 2.74 | 2.05 |
| Daily Std Dev | 13.32% | 18.95% |
| Max Drawdown | -81.21% | -91.46% |
| Current Drawdown | -2.11% | -33.42% |
Correlation
The correlation between AMJ and AMZA is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AMJ vs. AMZA - Performance Comparison
In the year-to-date period, AMJ achieves a 13.48% return, which is significantly lower than AMZA's 18.89% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AMJ vs. AMZA - Expense Ratio Comparison
AMJ has a 0.85% expense ratio, which is lower than AMZA's 2.01% expense ratio.
Risk-Adjusted Performance
AMJ vs. AMZA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for J.P. Morgan Alerian MLP Index ETN (AMJ) and InfraCap MLP ETF (AMZA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AMJ vs. AMZA - Dividend Comparison
AMJ's dividend yield for the trailing twelve months is around 5.94%, less than AMZA's 7.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMJ J.P. Morgan Alerian MLP Index ETN | 5.94% | 6.54% | 6.33% | 7.31% | 10.87% | 8.30% | 8.38% | 6.96% | 6.57% | 7.93% | 5.69% | 4.72% |
AMZA InfraCap MLP ETF | 7.24% | 9.40% | 7.65% | 10.24% | 22.13% | 19.47% | 34.46% | 24.16% | 18.36% | 18.21% | 0.00% | 0.00% |
Drawdowns
AMJ vs. AMZA - Drawdown Comparison
The maximum AMJ drawdown since its inception was -81.21%, smaller than the maximum AMZA drawdown of -91.46%. Use the drawdown chart below to compare losses from any high point for AMJ and AMZA. For additional features, visit the drawdowns tool.
Volatility
AMJ vs. AMZA - Volatility Comparison
The current volatility for J.P. Morgan Alerian MLP Index ETN (AMJ) is 4.11%, while InfraCap MLP ETF (AMZA) has a volatility of 5.68%. This indicates that AMJ experiences smaller price fluctuations and is considered to be less risky than AMZA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.