AMJ vs. SPY
Compare and contrast key facts about J.P. Morgan Alerian MLP Index ETN (AMJ) and SPDR S&P 500 ETF (SPY).
AMJ and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both AMJ and SPY 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 SPY.
Key characteristics
AMJ | SPY | |
---|---|---|
YTD Return | 13.48% | 6.26% |
1Y Return | 36.33% | 26.32% |
3Y Return (Ann) | 26.12% | 8.03% |
5Y Return (Ann) | 10.47% | 13.23% |
10Y Return (Ann) | 1.79% | 12.44% |
Sharpe Ratio | 2.74 | 2.21 |
Daily Std Dev | 13.32% | 11.67% |
Max Drawdown | -81.21% | -55.19% |
Current Drawdown | -2.11% | -3.76% |
Correlation
The correlation between AMJ and SPY is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AMJ vs. SPY - Performance Comparison
In the year-to-date period, AMJ achieves a 13.48% return, which is significantly higher than SPY's 6.26% return. Over the past 10 years, AMJ has underperformed SPY with an annualized return of 1.79%, while SPY has yielded a comparatively higher 12.44% annualized 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. SPY - Expense Ratio Comparison
AMJ has a 0.85% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
AMJ vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for J.P. Morgan Alerian MLP Index ETN (AMJ) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
AMJ's dividend yield for the trailing twelve months is around 5.94%, more than SPY's 1.34% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPDR S&P 500 ETF | 1.34% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
AMJ vs. SPY - Drawdown Comparison
The maximum AMJ drawdown since its inception was -81.21%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AMJ and SPY. For additional features, visit the drawdowns tool.
Volatility
AMJ vs. SPY - Volatility Comparison
J.P. Morgan Alerian MLP Index ETN (AMJ) has a higher volatility of 4.11% compared to SPDR S&P 500 ETF (SPY) at 3.55%. This indicates that AMJ's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.