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.
Key characteristics
| AMJ | MLPR | |
|---|---|---|
| YTD Return | 12.60% | 19.22% |
| 1Y Return | 33.17% | 50.48% |
| 3Y Return (Ann) | 21.36% | 32.03% |
| Sharpe Ratio | 2.46 | 2.61 |
| Daily Std Dev | 12.93% | 18.50% |
| Max Drawdown | -81.21% | -48.98% |
| Current Drawdown | -2.87% | -2.72% |
Correlation
The correlation between AMJ and MLPR is 0.96, 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. MLPR - Performance Comparison
In the year-to-date period, AMJ achieves a 12.60% return, which is significantly lower than MLPR's 19.22% 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. 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 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's dividend yield for the trailing twelve months is around 5.99%, less than MLPR's 9.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMJ J.P. Morgan Alerian MLP Index ETN | 5.99% | 6.54% | 6.33% | 7.31% | 10.87% | 8.30% | 8.38% | 6.96% | 6.57% | 7.93% | 5.69% | 4.72% |
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 9.38% | 10.08% | 10.07% | 10.69% | 4.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AMJ vs. MLPR - Drawdown Comparison
The maximum AMJ drawdown since its inception was -81.21%, which is greater than MLPR's maximum drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for AMJ and MLPR. For additional features, visit the drawdowns tool.
Volatility
AMJ vs. MLPR - Volatility Comparison
The current volatility for J.P. Morgan Alerian MLP Index ETN (AMJ) is 4.29%, while ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) has a volatility of 6.37%. 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.