AMNA vs. AMND
Compare and contrast key facts about ETRACS Alerian Midstream Energy Index ETN (AMNA) and ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND).
AMNA and AMND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMNA is a passively managed fund by UBS that tracks the performance of the Alerian Midstream Energy Select Index. It was launched on Jun 19, 2020. AMND is a passively managed fund by UBS that tracks the performance of the Alerian Midstream Energy Dividend Index. It was launched on Jul 15, 2020. Both AMNA and AMND 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: AMNA or AMND.
Key characteristics
| AMNA | AMND | |
|---|---|---|
| YTD Return | 9.53% | 10.11% |
| 1Y Return | 21.62% | 23.71% |
| 3Y Return (Ann) | 17.96% | 18.03% |
| Sharpe Ratio | 1.50 | 1.76 |
| Daily Std Dev | 13.47% | 12.64% |
| Max Drawdown | -18.83% | -18.21% |
| Current Drawdown | -0.93% | -1.40% |
Correlation
The correlation between AMNA and AMND is 0.99, 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
AMNA vs. AMND - Performance Comparison
In the year-to-date period, AMNA achieves a 9.53% return, which is significantly lower than AMND's 10.11% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AMNA vs. AMND - Expense Ratio Comparison
Both AMNA and AMND have an expense ratio of 0.75%.
Risk-Adjusted Performance
AMNA vs. AMND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian Midstream Energy Index ETN (AMNA) and ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND). 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
AMNA vs. AMND - Dividend Comparison
AMNA's dividend yield for the trailing twelve months is around 5.41%, less than AMND's 6.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
AMNA ETRACS Alerian Midstream Energy Index ETN | 5.41% | 5.61% | 5.48% | 5.84% | 2.12% |
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 | 6.23% | 6.56% | 6.37% | 7.10% | 2.49% |
Drawdowns
AMNA vs. AMND - Drawdown Comparison
The maximum AMNA drawdown since its inception was -18.83%, roughly equal to the maximum AMND drawdown of -18.21%. Use the drawdown chart below to compare losses from any high point for AMNA and AMND. For additional features, visit the drawdowns tool.
Volatility
AMNA vs. AMND - Volatility Comparison
ETRACS Alerian Midstream Energy Index ETN (AMNA) and ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND) have volatilities of 3.48% and 3.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.