ETRACS Alerian Midstream Energy Total Return Index ETN
What is AMTR?
The ETRACS Alerian Midstream Energy Total Return Index ETN is an Exchange Traded Note linked to the performance of the Alerian Midstream Energy Adjusted Net Total Return Index, less tracking fees. The Alerian Midstream Energy Adjusted Net Total Return Index (Bloomberg: AMNTR Index ) isthe adjusted net total return version of the Alerian Midstream Energy Index (Bloomberg: AMNA Index ). The Index is a broad-based composite of North American energy infrastructure companieswho earn the majority of their cash flow from midstream activities involving energy commodities,such as gathering & processing, liquefaction, pipeline transportation, rail terminaling, and storageof energy commodities.
ETFs related toAMTR
ETFs correlated to AMTR include MLPX, TPYP, MDLV
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.
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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.