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ETFs

Alerian MLP ETF

AMLP
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Today’s Change
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Snapshot
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Inception Date
Aug 25 2010
Expense Ratio
0.87%
Type
US MLPs
Fund Owner
ALPS
Volume (1m avg. daily)
$73,516,905
AUM
$7,115,681,171
Associated Index
Alerian MLP Infrastructure Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

PAA
Plains All American Pipeline LP
14.26%
EPD
Enterprise Products Partners LP
13.73%
MPLX
MPLX LP
13.49%
ET
Energy Transfer LP
13.45%
WES
Western Midstream Partners LP
12.03%
ENLC
Enlink Midstream LLC - Unit
6.93%
CEQP
Crestwood Equity Partners LP
5.82%
CQP
Cheniere Energy Partners LP
5.17%
NS
NuStar Energy LP
4.70%
HESM
Hess Midstream LP - Ordinary Shares - Class A
4.63%
Invest with AMLP

What is AMLP?

The Fund seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of its underlying index, the Alerian MLP Infrastructure Index (the "Index"). The Fund employs a "passive management" - or indexing - investment approach designed to track the performance of the Index. The Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the United States energy infrastructure Master Limited Partnership ("MLP") asset class.

ETFs related toAMLP

ETFs correlated to AMLP include AMJ, MLPA, AMZA

AMLP
ALPS Fund Services - Alerian MLP ETF
AMJ
JPMorgan Chase & Co. - KEYnotes ETN Link to First Trust Enh 130/30 L/C Index
MLPA
Global X Funds - Global X MLP ETF
AMZA
ETFis Series Trust I - InfraCap MLP ETF 1.25x Shares
MLPX
Global X Funds - Global X MLP & Energy Infrastructure ETF
EMLP
First Trust Exchange-Traded Fund III - First Trust North American Energy Infrastructure Fund
FXN
First Trust Exchange-Traded Fund III - First Trust Energy AlphaDEX Fund
IGE
BlackRock Institutional Trust Company N.A. - iShares North American Natural Resources ETF
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
COWZ
Pacer Funds Trust - Pacer US Cash Cows 100 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

AMLP is a US MLPs ETF. The Fund seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of its underlying index, the Alerian MLP Infrastructure Index (the "Index"). The Fund employs a "passive management" - or indexing - investment approach designed to track the performance of the Index. The Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the United States energy infrastructure Master Limited Partnership ("MLP") asset class.

AMLP tracks the Alerian MLP Infrastructure Index.

No, AMLP 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, AMLP 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 AMLP is 0.0466%. This is the percent change in the value of AMLP over the most recent 1-month period. The 3-month return on AMLP is 0.1292%. This is the percent change in the value of AMLP over the most recent 3-month period.

The standard deviation of AMLP for the past year is 0.2058%. 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 AMLP include MLPB, PFF, and PGF.

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

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

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.