Correlation
The correlation between AMJB and SCHG 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. SCHG
Compare and contrast key facts about Alerian MLP Index ETN (AMJB) and Schwab U.S. Large-Cap Growth ETF (SCHG).
AMJB and SCHG 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. SCHG is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Total Return Index. It was launched on Dec 11, 2009. Both AMJB and SCHG 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 SCHG.
Performance
AMJB vs. SCHG - Performance Comparison
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Key characteristics
AMJB:
0.74
SCHG:
0.61
AMJB:
1.07
SCHG:
1.02
AMJB:
1.15
SCHG:
1.14
AMJB:
0.91
SCHG:
0.66
AMJB:
3.18
SCHG:
2.18
AMJB:
4.88%
SCHG:
7.12%
AMJB:
21.40%
SCHG:
25.37%
AMJB:
-16.98%
SCHG:
-34.59%
AMJB:
-7.88%
SCHG:
-5.09%
Returns By Period
In the year-to-date period, AMJB achieves a 4.45% return, which is significantly higher than SCHG's -0.90% return.
AMJB
4.45%
0.12%
-0.95%
15.75%
N/A
N/A
N/A
SCHG
-0.90%
8.58%
0.32%
15.40%
20.90%
18.26%
15.86%
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AMJB vs. SCHG - Expense Ratio Comparison
AMJB has a 0.85% expense ratio, which is higher than SCHG's 0.04% expense ratio.
Risk-Adjusted Performance
AMJB vs. SCHG — Risk-Adjusted Performance Rank
AMJB
SCHG
AMJB vs. SCHG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alerian MLP Index ETN (AMJB) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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. SCHG - Dividend Comparison
AMJB's dividend yield for the trailing twelve months is around 6.19%, more than SCHG's 0.41% 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% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.41% | 0.40% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 1.04% | 1.22% | 1.09% |
Drawdowns
AMJB vs. SCHG - Drawdown Comparison
The maximum AMJB drawdown since its inception was -16.98%, smaller than the maximum SCHG drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for AMJB and SCHG.
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Volatility
AMJB vs. SCHG - Volatility Comparison
Alerian MLP Index ETN (AMJB) has a higher volatility of 6.24% compared to Schwab U.S. Large-Cap Growth ETF (SCHG) at 5.74%. This indicates that AMJB's price experiences larger fluctuations and is considered to be riskier than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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