AMJB vs. AMJ
Compare and contrast key facts about Alerian MLP Index ETN (AMJB) and J.P. Morgan Alerian MLP Index ETN (AMJ).
AMJB and AMJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMJB is a passively managed fund by JPMorgan that tracks the performance of the Alerian MLP Index. It was launched on Jan 26, 2024. 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. Both AMJB and AMJ 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: AMJB or AMJ.
Correlation
The correlation between AMJB and AMJ is 0.39, 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
AMJB vs. AMJ - Performance Comparison
Key characteristics
Returns By Period
AMJB
12.74%
1.99%
20.37%
28.35%
N/A
N/A
AMJ
N/A
N/A
N/A
N/A
N/A
N/A
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AMJB vs. AMJ - Expense Ratio Comparison
Both AMJB and AMJ have an expense ratio of 0.85%.
Risk-Adjusted Performance
AMJB vs. AMJ — Risk-Adjusted Performance Rank
AMJB
AMJ
AMJB vs. AMJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alerian MLP Index ETN (AMJB) and J.P. Morgan Alerian MLP Index ETN (AMJ). 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
AMJB vs. AMJ - Dividend Comparison
AMJB's dividend yield for the trailing twelve months is around 5.31%, while AMJ has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
AMJB Alerian MLP Index ETN | 5.31% | 5.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AMJ J.P. Morgan Alerian MLP Index ETN | 1.49% | 1.49% | 6.54% | 6.33% | 7.31% | 10.87% | 8.30% | 8.38% | 6.96% | 47.34% | 0.00% |
Drawdowns
AMJB vs. AMJ - Drawdown Comparison
Volatility
AMJB vs. AMJ - Volatility Comparison
Alerian MLP Index ETN (AMJB) has a higher volatility of 5.21% compared to J.P. Morgan Alerian MLP Index ETN (AMJ) at 0.00%. This indicates that AMJB's price experiences larger fluctuations and is considered to be riskier than AMJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.