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ETFs

ETRACS Alerian Midstream Energy Total Return Index ETN

AMTR
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Oct 20 2020
Expense Ratio
0.75%
Type
US MLPs
Fund Owner
UBS
Volume (1m avg. daily)
—
AUM
$60,396,000
Associated Index
Alerian Midstream Energy Adjusted Net Total Return Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View
Invest with AMTR

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, EMLP, IGE

AMTR
UBS AG London Branch - ETRACS Alerian Midstream Energy Total Return Index ETN
MLPX
Global X Funds - Global X MLP & Energy Infrastructure 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
COWZ
Pacer Funds Trust - Pacer US Cash Cows 100 ETF
AMJ
JPMorgan Chase & Co. - KEYnotes ETN Link to First Trust Enh 130/30 L/C Index
RSPG
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Energy ETF
FCG
First Trust Exchange-Traded Fund III - First Trust Natural Gas ETF
RLY
SSgA Active Trust - SPDR SSgA Multi-Asset Real Return ETF
IXC
BlackRock Institutional Trust Company N.A. - iShares Global 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

AMTR is a US MLPs ETF. 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.

AMTR tracks the Alerian Midstream Energy Adjusted Net Total Return Index.

No, AMTR 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, AMTR 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 AMTR is 0.0214%. This is the percent change in the value of AMTR over the most recent 1-month period. The 3-month return on AMTR is 0.0634%. This is the percent change in the value of AMTR over the most recent 3-month period.

The standard deviation of AMTR for the past year is 0.1956%. 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 AMTR include PFF, PGF, and PGX.

ETFs correlated to AMTR include MLPX, EMLP, and IGE.

ETFs that are inversely correlated to AMTR 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.