TPYP vs. AMJ
Compare and contrast key facts about Tortoise North American Pipeline Fund (TPYP) and J.P. Morgan Alerian MLP Index ETN (AMJ).
TPYP and AMJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TPYP is a passively managed fund by Tortoise that tracks the performance of the Tortoise North American Pipeline Index. It was launched on Jun 30, 2015. 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 TPYP 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: TPYP or AMJ.
Key characteristics
| TPYP | AMJ |
|---|
Correlation
The correlation between TPYP and AMJ is 0.68, 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.
Performance
TPYP vs. AMJ - Performance Comparison
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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TPYP vs. AMJ - Expense Ratio Comparison
TPYP has a 0.40% expense ratio, which is lower than AMJ's 0.85% expense ratio.
Risk-Adjusted Performance
TPYP vs. AMJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise North American Pipeline Fund (TPYP) 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
TPYP vs. AMJ - Dividend Comparison
TPYP's dividend yield for the trailing twelve months is around 3.74%, while AMJ has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
TPYP Tortoise North American Pipeline Fund | 3.74% | 4.83% | 4.48% | 4.86% | 6.15% | 4.45% | 4.58% | 3.71% | 3.18% | 1.48% |
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% |
Drawdowns
TPYP vs. AMJ - Drawdown Comparison
Volatility
TPYP vs. AMJ - Volatility Comparison
Tortoise North American Pipeline Fund (TPYP) has a higher volatility of 3.96% compared to J.P. Morgan Alerian MLP Index ETN (AMJ) at 0.00%. This indicates that TPYP'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.