Correlation
The correlation between AMJB and MLPX is 0.43, 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. MLPX
Compare and contrast key facts about Alerian MLP Index ETN (AMJB) and Global X MLP & Energy Infrastructure ETF (MLPX).
AMJB and MLPX 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. MLPX is a passively managed fund by Global X that tracks the performance of the Solactive MLP & Energy Infrastructure Index. It was launched on Aug 7, 2013. Both AMJB and MLPX 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 MLPX.
Performance
AMJB vs. MLPX - Performance Comparison
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Key characteristics
AMJB:
0.74
MLPX:
1.43
AMJB:
1.07
MLPX:
1.75
AMJB:
1.15
MLPX:
1.26
AMJB:
0.91
MLPX:
1.73
AMJB:
3.18
MLPX:
5.68
AMJB:
4.88%
MLPX:
5.09%
AMJB:
21.40%
MLPX:
21.37%
AMJB:
-16.98%
MLPX:
-70.61%
AMJB:
-7.88%
MLPX:
-7.87%
Returns By Period
In the year-to-date period, AMJB achieves a 4.45% return, which is significantly higher than MLPX's 2.24% return.
AMJB
4.45%
0.12%
-0.95%
15.75%
N/A
N/A
N/A
MLPX
2.24%
-0.59%
-2.36%
30.31%
17.10%
25.80%
6.69%
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AMJB vs. MLPX - Expense Ratio Comparison
AMJB has a 0.85% expense ratio, which is higher than MLPX's 0.45% expense ratio.
Risk-Adjusted Performance
AMJB vs. MLPX — Risk-Adjusted Performance Rank
AMJB
MLPX
AMJB vs. MLPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alerian MLP Index ETN (AMJB) and Global X MLP & Energy Infrastructure ETF (MLPX). 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. MLPX - Dividend Comparison
AMJB's dividend yield for the trailing twelve months is around 6.19%, more than MLPX's 4.57% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMJB Alerian MLP Index ETN | 6.19% | 5.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.57% | 4.30% | 5.22% | 5.23% | 5.98% | 8.32% | 5.78% | 5.98% | 4.36% | 5.50% | 4.81% | 2.15% |
Drawdowns
AMJB vs. MLPX - Drawdown Comparison
The maximum AMJB drawdown since its inception was -16.98%, smaller than the maximum MLPX drawdown of -70.61%. Use the drawdown chart below to compare losses from any high point for AMJB and MLPX.
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Volatility
AMJB vs. MLPX - Volatility Comparison
Alerian MLP Index ETN (AMJB) has a higher volatility of 6.24% compared to Global X MLP & Energy Infrastructure ETF (MLPX) at 4.52%. This indicates that AMJB's price experiences larger fluctuations and is considered to be riskier than MLPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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