Skip to Content

JP Morgan Alerian MLP Index ETN 5/24/24

AMJ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 02 2009
Expense Ratio
0.85%
Type
US MLPs
Fund Owner
JPMorgan Chase
Volume (1m avg. daily)
$6,676,056
AUM
$2,792,930,000
Associated Index
Alerian MLP Index
Inverse/Leveraged
No
Passive/Active
Passive
Dividend
No
Prospectus

Top 10 Holdings

Invest with AMJ

What is AMJ?

Alerian MLP Index Exchange Traded Notes ("ETNs") provide investors a convenient way to gain exposure to midstream energy MLPs. The ETNs pay a variable quarterly coupon linked to the cash distributions paid on the MLPs in the index, less accrued tracking fees1. The ETN coupons are reported on Form 1099s. Investors can trade the ETNs on the NYSE, Arca exchange or receive a cash payment at the scheduled maturity or upon early repurchase2, based on the performance of the index less accrued tracking fees and, if applicable, the repurchase fee. The ETNs are senior, unsecured obligations of JPMorgan Chase & Co.

ETFs related toAMJ

ETFs correlated to AMJ include AMUB, MLPR, MLPB

AMJ
JPMorgan Chase & Co. - KEYnotes ETN Link to First Trust Enh 130/30 L/C Index
AMUB
UBS AG London Branch - UBS ETRACS Alerian MLP Index ETN
MLPR
UBS AG London Branch - ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN
MLPB
UBS AG London Branch - UBS ETRACS Alerian MLP Infrastructure Index ETN
AMLP
ALPS Fund Services - Alerian MLP ETF
GDEF
Goldman Sachs ETF Trust - Goldman Sachs Defensive Equity ETF
AMZA
ETFis Series Trust I - InfraCap MLP ETF 1.25x Shares
MLPA
Global X Funds - Global X MLP ETF
PYPE
UBS AG London Branch - ETRACS NYSE Pickens Core Midstream Index ETN
PPEM
Putnam ETF Trust - Putnam PanAgora ESG Emerging Markets Equity ETF
UMI
USCF ETF Trust - USCF Midstream Energy Income Fund ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.