AMJ vs. VDE
Compare and contrast key facts about J.P. Morgan Alerian MLP Index ETN (AMJ) and Vanguard Energy ETF (VDE).
AMJ and VDE 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. VDE is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Energy 25/50 Index. It was launched on Sep 23, 2004. Both AMJ and VDE 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 VDE.
Key characteristics
| AMJ | VDE | |
|---|---|---|
| YTD Return | 13.48% | 15.58% |
| 1Y Return | 36.33% | 21.36% |
| 3Y Return (Ann) | 26.12% | 31.60% |
| 5Y Return (Ann) | 10.47% | 13.03% |
| 10Y Return (Ann) | 1.79% | 3.56% |
| Sharpe Ratio | 2.74 | 1.02 |
| Daily Std Dev | 13.32% | 19.36% |
| Max Drawdown | -81.21% | -74.16% |
| Current Drawdown | -2.11% | -1.57% |
Correlation
The correlation between AMJ and VDE is 0.68, 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. VDE - Performance Comparison
In the year-to-date period, AMJ achieves a 13.48% return, which is significantly lower than VDE's 15.58% return. Over the past 10 years, AMJ has underperformed VDE with an annualized return of 1.79%, while VDE has yielded a comparatively higher 3.56% 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. VDE - Expense Ratio Comparison
AMJ has a 0.85% expense ratio, which is higher than VDE's 0.10% expense ratio.
Risk-Adjusted Performance
AMJ vs. VDE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for J.P. Morgan Alerian MLP Index ETN (AMJ) and Vanguard Energy ETF (VDE). 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. VDE - Dividend Comparison
AMJ's dividend yield for the trailing twelve months is around 5.94%, more than VDE's 2.87% 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% |
VDE Vanguard Energy ETF | 2.87% | 3.34% | 3.65% | 4.13% | 4.76% | 3.59% | 3.35% | 2.90% | 2.31% | 3.17% | 1.98% | 1.74% |
Drawdowns
AMJ vs. VDE - Drawdown Comparison
The maximum AMJ drawdown since its inception was -81.21%, which is greater than VDE's maximum drawdown of -74.16%. Use the drawdown chart below to compare losses from any high point for AMJ and VDE. For additional features, visit the drawdowns tool.
Volatility
AMJ vs. VDE - Volatility Comparison
J.P. Morgan Alerian MLP Index ETN (AMJ) has a higher volatility of 4.11% compared to Vanguard Energy ETF (VDE) at 3.58%. This indicates that AMJ's price experiences larger fluctuations and is considered to be riskier than VDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.