Correlation
The correlation between AMJB and AMLP is 0.44, 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.
AMJB vs. AMLP
Compare and contrast key facts about Alerian MLP Index ETN (AMJB) and Alerian MLP ETF (AMLP).
AMJB and AMLP 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. AMLP is a passively managed fund by SS&C that tracks the performance of the Alerian MLP Infrastructure Index. It was launched on Aug 23, 2010. Both AMJB and AMLP 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 AMLP.
Performance
AMJB vs. AMLP - Performance Comparison
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Key characteristics
AMJB:
0.76
AMLP:
0.83
AMJB:
0.92
AMLP:
0.95
AMJB:
1.13
AMLP:
1.13
AMJB:
0.76
AMLP:
0.83
AMJB:
2.70
AMLP:
2.91
AMJB:
4.82%
AMLP:
4.06%
AMJB:
21.28%
AMLP:
18.50%
AMJB:
-16.98%
AMLP:
-77.19%
AMJB:
-7.67%
AMLP:
-6.23%
Returns By Period
In the year-to-date period, AMJB achieves a 4.69% return, which is significantly higher than AMLP's 4.30% return.
AMJB
4.69%
-0.59%
1.66%
15.78%
N/A
N/A
N/A
AMLP
4.30%
-0.35%
2.18%
15.07%
17.03%
22.82%
3.06%
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AMJB vs. AMLP - Expense Ratio Comparison
AMJB has a 0.85% expense ratio, which is lower than AMLP's 0.90% expense ratio.
Risk-Adjusted Performance
AMJB vs. AMLP — Risk-Adjusted Performance Rank
AMJB
AMLP
AMJB vs. AMLP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alerian MLP Index ETN (AMJB) and Alerian MLP ETF (AMLP). 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.
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Dividends
AMJB vs. AMLP - Dividend Comparison
AMJB's dividend yield for the trailing twelve months is around 5.98%, less than AMLP's 7.95% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMJB Alerian MLP Index ETN | 5.98% | 5.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AMLP Alerian MLP ETF | 7.95% | 7.70% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.30% | 7.97% | 8.09% | 9.84% | 6.45% |
Drawdowns
AMJB vs. AMLP - Drawdown Comparison
The maximum AMJB drawdown since its inception was -16.98%, smaller than the maximum AMLP drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for AMJB and AMLP.
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Volatility
AMJB vs. AMLP - Volatility Comparison
Alerian MLP Index ETN (AMJB) has a higher volatility of 5.82% compared to Alerian MLP ETF (AMLP) at 4.82%. This indicates that AMJB's price experiences larger fluctuations and is considered to be riskier than AMLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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