AMND vs. IEO
Compare and contrast key facts about ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO).
AMND and IEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. IEO is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Oil Exploration & Production Index. It was launched on May 5, 2006. Both AMND and IEO 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: AMND or IEO.
Key characteristics
| AMND | IEO | |
|---|---|---|
| YTD Return | 36.82% | 7.27% |
| 1Y Return | 40.56% | 6.68% |
| 3Y Return (Ann) | 21.17% | 19.09% |
| Sharpe Ratio | 3.54 | 0.38 |
| Sortino Ratio | 5.04 | 0.65 |
| Omega Ratio | 1.63 | 1.08 |
| Calmar Ratio | 7.38 | 0.39 |
| Martin Ratio | 28.05 | 0.79 |
| Ulcer Index | 1.50% | 10.09% |
| Daily Std Dev | 11.89% | 20.76% |
| Max Drawdown | -18.21% | -79.17% |
| Current Drawdown | -0.88% | -11.21% |
Correlation
The correlation between AMND and IEO is 0.80, 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
AMND vs. IEO - Performance Comparison
In the year-to-date period, AMND achieves a 36.82% return, which is significantly higher than IEO's 7.27% 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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AMND vs. IEO - Expense Ratio Comparison
AMND has a 0.75% expense ratio, which is higher than IEO's 0.42% expense ratio.
Risk-Adjusted Performance
AMND vs. IEO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO). 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
AMND vs. IEO - Dividend Comparison
AMND's dividend yield for the trailing twelve months is around 5.28%, more than IEO's 2.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 | 5.28% | 6.57% | 6.37% | 7.10% | 2.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 2.85% | 3.00% | 3.77% | 2.62% | 3.17% | 1.85% | 1.67% | 0.94% | 0.98% | 2.03% | 1.30% | 0.88% |
Drawdowns
AMND vs. IEO - Drawdown Comparison
The maximum AMND drawdown since its inception was -18.21%, smaller than the maximum IEO drawdown of -79.17%. Use the drawdown chart below to compare losses from any high point for AMND and IEO. For additional features, visit the drawdowns tool.
Volatility
AMND vs. IEO - Volatility Comparison
The current volatility for ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND) is 3.68%, while iShares U.S. Oil & Gas Exploration & Production ETF (IEO) has a volatility of 6.28%. This indicates that AMND experiences smaller price fluctuations and is considered to be less risky than IEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.