AMJ vs. MLPR
Compare and contrast key facts about J.P. Morgan Alerian MLP Index ETN (AMJ) and ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR).
AMJ and MLPR 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. MLPR is a passively managed fund by UBS that tracks the performance of the Alerian MLP Index (150%). It was launched on Jun 2, 2020. Both AMJ and MLPR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMJ or MLPR.
Correlation
The correlation between AMJ and MLPR is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AMJ vs. MLPR - Performance Comparison
Key characteristics
Returns By Period
AMJ
N/A
N/A
N/A
N/A
N/A
N/A
MLPR
6.17%
-10.47%
13.61%
17.36%
N/A
N/A
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AMJ vs. MLPR - Expense Ratio Comparison
AMJ has a 0.85% expense ratio, which is lower than MLPR's 0.95% expense ratio.
Risk-Adjusted Performance
AMJ vs. MLPR — Risk-Adjusted Performance Rank
AMJ
MLPR
AMJ vs. MLPR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for J.P. Morgan Alerian MLP Index ETN (AMJ) and ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR). 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. MLPR - Dividend Comparison
AMJ has not paid dividends to shareholders, while MLPR's dividend yield for the trailing twelve months is around 10.25%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
AMJ J.P. Morgan Alerian MLP Index ETN | 0.00% | 1.49% | 6.54% | 6.33% | 7.31% | 10.87% | 8.30% | 8.38% | 6.96% | 47.34% | 0.00% |
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 10.25% | 9.57% | 10.08% | 10.07% | 10.69% | 4.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AMJ vs. MLPR - Drawdown Comparison
Volatility
AMJ vs. MLPR - Volatility Comparison
The current volatility for J.P. Morgan Alerian MLP Index ETN (AMJ) is 0.00%, while ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) has a volatility of 20.66%. This indicates that AMJ experiences smaller price fluctuations and is considered to be less risky than MLPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.