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ETFs

JP Morgan Alerian MLP Index ETN 5/24/24

AMJ
$--
Today’s Change
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Snapshot
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Inception Date
Apr 02 2009
Expense Ratio
0.85%
Type
US MLPs
Fund Owner
JPMorgan Chase
Volume (1m avg. daily)
$9,339,636
AUM
$2,731,514,100
Associated Index
Alerian MLP Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View
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 AMLP, AMZA, MLPA

AMJ
JPMorgan Chase & Co. - KEYnotes ETN Link to First Trust Enh 130/30 L/C Index
AMLP
ALPS Fund Services - Alerian MLP ETF
AMZA
ETFis Series Trust I - InfraCap MLP ETF 1.25x Shares
MLPA
Global X Funds - Global X MLP ETF
MLPX
Global X Funds - Global X MLP & Energy Infrastructure ETF
TPYP
Managed Portfolio Series - Tortoise North American Pipeline Fund ETF
EMLP
First Trust Exchange-Traded Fund III - First Trust North American Energy Infrastructure Fund
IGE
BlackRock Institutional Trust Company N.A. - iShares North American Natural Resources ETF
FXN
First Trust Exchange-Traded Fund III - First Trust Energy AlphaDEX Fund
FCG
First Trust Exchange-Traded Fund III - First Trust Natural Gas ETF
RSPG
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Energy 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.

FAQ

AMJ is a US MLPs ETF. 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.

AMJ tracks the Alerian MLP Index.

No, AMJ is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, AMJ is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on AMJ is 0.0549%. This is the percent change in the value of AMJ over the most recent 1-month period. The 3-month return on AMJ is 0.0297%. This is the percent change in the value of AMJ over the most recent 3-month period.

The standard deviation of AMJ for the past year is 0.2456%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to AMJ include AMUB, MLPR, and PSP.

ETFs correlated to AMJ include AMLP, AMZA, and MLPA.

ETFs that are inversely correlated to AMJ include DRIP, DUG, and OILD.

Disclaimers

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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.