AMLP vs. AMJ
Compare and contrast key facts about Alerian MLP ETF (AMLP) and J.P. Morgan Alerian MLP Index ETN (AMJ).
AMLP and AMJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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 AMLP 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: AMLP or AMJ.
Correlation
The correlation between AMLP and AMJ is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AMLP vs. AMJ - Performance Comparison
Key characteristics
Returns By Period
AMLP
11.23%
1.94%
15.84%
19.16%
35.59%
4.01%
AMJ
N/A
N/A
N/A
N/A
N/A
N/A
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AMLP vs. AMJ - Expense Ratio Comparison
AMLP has a 0.90% expense ratio, which is higher than AMJ's 0.85% expense ratio.
Risk-Adjusted Performance
AMLP vs. AMJ — Risk-Adjusted Performance Rank
AMLP
AMJ
AMLP vs. AMJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alerian MLP ETF (AMLP) 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
AMLP vs. AMJ - Dividend Comparison
AMLP's dividend yield for the trailing twelve months is around 7.23%, while AMJ has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMLP Alerian MLP ETF | 7.23% | 7.70% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.30% | 7.97% | 8.09% | 9.84% | 6.45% |
AMJ J.P. Morgan Alerian MLP Index ETN | 0.00% | 1.49% | 6.54% | 6.33% | 7.31% | 10.87% | 8.30% | 8.38% | 6.96% | 47.34% | 0.00% | 0.00% |
Drawdowns
AMLP vs. AMJ - Drawdown Comparison
Volatility
AMLP vs. AMJ - Volatility Comparison
Alerian MLP ETF (AMLP) has a higher volatility of 3.96% compared to J.P. Morgan Alerian MLP Index ETN (AMJ) at 0.00%. This indicates that AMLP'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.