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ETFs

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN

MLPR
$--
Today’s Change
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Snapshot
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Inception Date
Jun 02 2020
Expense Ratio
0.95%
Type
US MLPs
Fund Owner
UBS
Volume (1m avg. daily)
$235,773
AUM
$47,920,000
Associated Index
Alerian MLP Index
Inverse/Leveraged
Leveraged (1.5x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View
Invest with MLPR

What is MLPR?

The ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN is designed to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the Alerian MLP Index, less financing costs and tracking fees, and may pay a variable quarterly coupon linked to the leveraged cash distributions associated with the underlying Master Limited Partnership index constituents. The Alerian MLP Index measures the composite performance of energy master limited partnerships ( MLPs ), and is calculated by S&P Dow Jones Indices using a capped, float-adjusted, capitalization-weighted methodology. The MLPs included in the Index earn the majority of their cash flow from qualifying activities involving energy commodities, which include pipeline transportation, gathering and processing, storage, production and mining, marketing, marine transportation, services, catalytic conversion, mineral interest, refining, regasification and other related activities.

ETFs related toMLPR

ETFs correlated to MLPR include AMJ, AMLP, MLPA

MLPR
UBS AG London Branch - ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP 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

MLPR is a US MLPs ETF. The ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN is designed to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the Alerian MLP Index, less financing costs and tracking fees, and may pay a variable quarterly coupon linked to the leveraged cash distributions associated with the underlying Master Limited Partnership index constituents. The Alerian MLP Index measures the composite performance of energy master limited partnerships ( MLPs ), and is calculated by S&P Dow Jones Indices using a capped, float-adjusted, capitalization-weighted methodology. The MLPs included in the Index earn the majority of their cash flow from qualifying activities involving energy commodities, which include pipeline transportation, gathering and processing, storage, production and mining, marketing, marine transportation, services, catalytic conversion, mineral interest, refining, regasification and other related activities.

MLPR tracks the Alerian MLP Index.

No, MLPR 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, MLPR 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 MLPR is 0.0626%. This is the percent change in the value of MLPR over the most recent 1-month period. The 3-month return on MLPR is 0.1653%. This is the percent change in the value of MLPR over the most recent 3-month period.

The standard deviation of MLPR for the past year is 0.2701%. 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 MLPR include AMUB, CEFD, and BITI.

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

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

Yes, MLPR is a Leveraged (1.5x) ETF: This means that MLPR will try to match the performance of Alerian MLP Index, but with 1x the returns.

Yes, MLPR is a Leveraged (1.5x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Alerian MLP Index, but move 1x in the opposite direction.

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.