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ETFs

ETRACS Alerian MLP Infrastructure Index ETN Series B due April 2, 2040

MLPB
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Oct 08 2015
Expense Ratio
0.85%
Type
US MLPs
Fund Owner
UBS
Volume (1m avg. daily)
$101,262
AUM
$216,546,000
Associated Index
Alerian MLP Infrastructure Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View
Invest with MLPB

What is MLPB?

The ETRACS Alerian MLP Infrastructure Index ETN Series B is designed to track the performance of the Alerian MLP Infrastructure Index (the "Index") and pay a variable quarterly coupon linked to the cash distributions paid on the Master Limited Partnerships in the index, less investor fees.

ETFs related toMLPB

ETFs correlated to MLPB include AMJ, AMLP, MLPA

MLPB
UBS AG London Branch - UBS ETRACS Alerian MLP Infrastructure Index ETN
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
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
COWZ
Pacer Funds Trust - Pacer US Cash Cows 100 ETF
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

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

MLPB is a US MLPs ETF. The ETRACS Alerian MLP Infrastructure Index ETN Series B is designed to track the performance of the Alerian MLP Infrastructure Index (the "Index") and pay a variable quarterly coupon linked to the cash distributions paid on the Master Limited Partnerships in the index, less investor fees.

MLPB tracks the Alerian MLP Infrastructure Index.

No, MLPB 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, MLPB 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 MLPB is 0.0409%. This is the percent change in the value of MLPB over the most recent 1-month period. The 3-month return on MLPB is 0.118%. This is the percent change in the value of MLPB over the most recent 3-month period.

The standard deviation of MLPB for the past year is 0.1865%. 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 MLPB include PFF, PGF, and PGX.

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

ETFs that are inversely correlated to MLPB 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.