AMJ vs. VOO
Compare and contrast key facts about J.P. Morgan Alerian MLP Index ETN (AMJ) and Vanguard S&P 500 ETF (VOO).
AMJ and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both AMJ and VOO 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 VOO.
Key characteristics
| AMJ | VOO | |
|---|---|---|
| YTD Return | 13.48% | 6.24% |
| 1Y Return | 36.33% | 26.43% |
| 3Y Return (Ann) | 26.12% | 8.07% |
| 5Y Return (Ann) | 10.47% | 13.29% |
| 10Y Return (Ann) | 1.79% | 12.51% |
| Sharpe Ratio | 2.74 | 2.21 |
| Daily Std Dev | 13.32% | 11.73% |
| Max Drawdown | -81.21% | -33.99% |
| Current Drawdown | -2.11% | -3.90% |
Correlation
The correlation between AMJ and VOO is 0.48, 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. VOO - Performance Comparison
In the year-to-date period, AMJ achieves a 13.48% return, which is significantly higher than VOO's 6.24% return. Over the past 10 years, AMJ has underperformed VOO with an annualized return of 1.79%, while VOO has yielded a comparatively higher 12.51% 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. VOO - Expense Ratio Comparison
AMJ has a 0.85% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
AMJ vs. VOO - 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 S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
AMJ's dividend yield for the trailing twelve months is around 5.94%, more than VOO's 1.39% 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% |
VOO Vanguard S&P 500 ETF | 1.39% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
AMJ vs. VOO - Drawdown Comparison
The maximum AMJ drawdown since its inception was -81.21%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for AMJ and VOO. For additional features, visit the drawdowns tool.
Volatility
AMJ vs. VOO - Volatility Comparison
J.P. Morgan Alerian MLP Index ETN (AMJ) has a higher volatility of 4.11% compared to Vanguard S&P 500 ETF (VOO) at 3.56%. This indicates that AMJ's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.