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ETRACS Alerian Midstream Energy High Dividend Index ETN

AMND
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Jul 16 2020
Expense Ratio
0.75%
Type
US MLPs
Fund Owner
UBS
Volume (1m avg. daily)
$857
AUM
$39,130,000
Associated Index
Alerian Midstream Energy Dividend Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus

Top 10 Holdings

Invest with AMND

What is AMND?

The ETRACS Alerian Midstream Energy High Dividend Index ETN is an Exchange Traded Note linked to the performance of the Alerian Midstream Energy Dividend Index. The Alerian Midstream Energy Dividend Index is a fundamentally-weighted index based on the liquid, dividend-paying portion of the North American energy infrastructure market. The Index measures the performance of companies domiciled in the U.S. or Canada, listed on major U.S. or Canadian stock exchanges, that pay regular cash dividends and meet specific liquidity requirements, as described elsewhere in this prospectus supplement. The Index is calculated by S&P DJI Netherlands B.V. using a modified market capitalization weighted methodology. The Index is a price return index (i.e., the reinvestment of dividends is not reflected in the value of the Index).

ETFs related toAMND

ETFs correlated to AMND include MLPX, TPYP, AMZA

AMND
UBS AG London Branch - UBS AG ETRACS Alerian Midstream Energy High Dividend Index ETN
MLPX
Global X Funds - Global X MLP & Energy Infrastructure ETF
TPYP
Managed Portfolio Series - Tortoise North American Pipeline Fund ETF
AMZA
ETFis Series Trust I - InfraCap MLP ETF 1.25x Shares
AMJ
JPMorgan Chase & Co. - KEYnotes ETN Link to First Trust Enh 130/30 L/C Index
AMLP
ALPS Fund Services - Alerian MLP ETF
MLPA
Global X Funds - Global X MLP 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

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

AMND is a US MLPs ETF. The ETRACS Alerian Midstream Energy High Dividend Index ETN is an Exchange Traded Note linked to the performance of the Alerian Midstream Energy Dividend Index. The Alerian Midstream Energy Dividend Index is a fundamentally-weighted index based on the liquid, dividend-paying portion of the North American energy infrastructure market. The Index measures the performance of companies domiciled in the U.S. or Canada, listed on major U.S. or Canadian stock exchanges, that pay regular cash dividends and meet specific liquidity requirements, as described elsewhere in this prospectus supplement. The Index is calculated by S&P DJI Netherlands B.V. using a modified market capitalization weighted methodology. The Index is a price return index (i.e., the reinvestment of dividends is not reflected in the value of the Index).

The top holdings for AMND include

AMND has total holdings.

AMND tracks the Alerian Midstream Energy Dividend Index.

AMND dividend information: Dividend - High Yield. Dividend payouts may vary in terms of frequency of payouts.

No, AMND 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, AMND 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 AMND is 0.0297%. This is the percent change in the value of AMND over the most recent 1-month period. The 3-month return on AMND is 0.0224%. This is the percent change in the value of AMND over the most recent 3-month period.

The standard deviation of AMND for the past year is 0.248%. 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 AMND include AOA, AOK, and PGX.

ETFs correlated to AMND include MLPX, TPYP, and AMZA.

ETFs that are inversely correlated to AMND 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.

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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.