PXE vs. AMJ
Compare and contrast key facts about Invesco Dynamic Energy Exploration & Production ETF (PXE) and J.P. Morgan Alerian MLP Index ETN (AMJ).
PXE and AMJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PXE is a passively managed fund by Invesco that tracks the performance of the Dynamic Energy Exploration & Production Intellidex Index. It was launched on Oct 26, 2005. 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 PXE 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: PXE or AMJ.
Performance
PXE vs. AMJ - Performance Comparison
Returns By Period
PXE
2.70%
3.00%
-8.81%
4.25%
18.48%
3.08%
AMJ
N/A
N/A
N/A
N/A
N/A
N/A
Key characteristics
| PXE | AMJ |
|---|
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PXE vs. AMJ - Expense Ratio Comparison
PXE has a 0.63% expense ratio, which is lower than AMJ's 0.85% expense ratio.
Correlation
The correlation between PXE and AMJ is 0.57, 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.
Risk-Adjusted Performance
PXE vs. AMJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Energy Exploration & Production ETF (PXE) 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
PXE vs. AMJ - Dividend Comparison
PXE's dividend yield for the trailing twelve months is around 2.59%, while AMJ has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXE Invesco Dynamic Energy Exploration & Production ETF | 2.59% | 2.79% | 3.04% | 1.86% | 4.10% | 1.70% | 1.28% | 1.55% | 6.62% | 2.58% | 2.05% | 1.73% |
AMJ J.P. Morgan Alerian MLP Index ETN | 3.03% | 6.54% | 6.33% | 7.31% | 10.87% | 8.30% | 8.38% | 6.96% | 47.34% | 0.00% | 0.00% | 0.00% |
Drawdowns
PXE vs. AMJ - Drawdown Comparison
Volatility
PXE vs. AMJ - Volatility Comparison
Invesco Dynamic Energy Exploration & Production ETF (PXE) has a higher volatility of 7.55% compared to J.P. Morgan Alerian MLP Index ETN (AMJ) at 0.00%. This indicates that PXE'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.