MPLX vs. AMND
Compare and contrast key facts about MPLX LP (MPLX) and ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MPLX or AMND.
Key characteristics
| MPLX | AMND | |
|---|---|---|
| YTD Return | 16.38% | 9.10% |
| 1Y Return | 31.20% | 21.06% |
| 3Y Return (Ann) | 27.52% | 16.60% |
| Sharpe Ratio | 3.16 | 1.66 |
| Daily Std Dev | 9.74% | 12.65% |
| Max Drawdown | -85.75% | -18.21% |
| Current Drawdown | -1.30% | -2.31% |
Correlation
The correlation between MPLX and AMND is 0.79, 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
MPLX vs. AMND - Performance Comparison
In the year-to-date period, MPLX achieves a 16.38% return, which is significantly higher than AMND's 9.10% 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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Risk-Adjusted Performance
MPLX vs. AMND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MPLX LP (MPLX) 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
MPLX vs. AMND - Dividend Comparison
MPLX's dividend yield for the trailing twelve months is around 7.78%, more than AMND's 6.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MPLX MPLX LP | 7.78% | 8.65% | 8.80% | 11.30% | 12.71% | 10.42% | 8.22% | 6.18% | 5.76% | 4.25% | 1.79% | 2.28% |
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 | 6.28% | 6.56% | 6.37% | 7.10% | 2.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MPLX vs. AMND - Drawdown Comparison
The maximum MPLX drawdown since its inception was -85.75%, which is greater than AMND's maximum drawdown of -18.21%. Use the drawdown chart below to compare losses from any high point for MPLX and AMND. For additional features, visit the drawdowns tool.
Volatility
MPLX vs. AMND - Volatility Comparison
MPLX LP (MPLX) has a higher volatility of 4.01% compared to ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND) at 3.81%. This indicates that MPLX's price experiences larger fluctuations and is considered to be riskier than AMND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.