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21 important things you should know about ALPS AMLP ETF
Updated: June 27, 2020
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Before we start: if you’re looking for AMLP “stock” price, you can quickly find it out by visiting Finny and typing "AMLP quote". If you’re looking for a quick scoop on AMLP "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "AMLP". You’ll get all this info in one place.
Are you looking to buy or sell AMLP? Or perhaps you’re looking for AMLP fact sheet, and learn about its alternatives? If so, you came to the right place.
In this AMLP ETF review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.
Here is what you’ll be able to find in this review:
- Fact Sheet: AMLP performance, returns, expense ratio, holdings and dividend yield;
- Analysis: AMLP buy or sell; the pros and cons of investing in AMLP ETF;
- Alternatives: other ETFs and mutual funds you should consider as alternatives to AMLP.
And here is the list of questions we’ll answer:
- Describe Alerian MLP ETF (AMLP).
- What is AMLP underlying index?
- What are AMLP holdings?
- What is AMLP performance? What are AMLP historical returns?
- How many up and down years did AMLP have historically?
- What is AMLP dividend yield?
- What is AMLP expense ratio?
- What is AMLP tax efficiency (tax-cost ratio)?
- What is AMLP beta? How would you assess AMLP risk?
- What is AMLP Sharpe ratio?
- What is AMLP Finny Score? AMLP buy or sell?
- What are the pros of investing in AMLP? What are AMLP buy reasons?
- What are the cons of investing in AMLP? What are AMLP sell reasons?
- Compare and contrast: AMLP vs MLPA.
- Compare and contrast: AMLP vs AMJ.
- Compare and contrast: AMLP vs USO.
- Compare and contrast: AMLP vs ENFR.
- Compare and contrast: AMLP vs XLE.
- Compare and contrast: AMLP vs EMLP.
- Compare and contrast: AMLP vs AMZA.
- Compare and contrast: AMLP vs MLPX.
So let’s start. Scroll down to the question that interests you the most.
Fact Sheet
1. Describe Alerian MLP ETF (AMLP).
The Fund seeks investment results that correspond generally to the price and yield performance of its underlying index, the Alerian MLP Infrastructure Index. The Index is intended to give investors a means of tracking the overall performance of the United States energy infrastructure MLP asset class.
3. What are AMLP top holdings?
AMLP has 21 stock holdings and 0 bond holdings.
The top 10 holdings represent 81.83% of total assets. Here are the top holdings:
| Name | Symbol | % Assets |
|---|---|---|
| Magellan Midstream Partners LP | MMP | 12.98% |
| Enterprise Products Partners LP | EPD | 11.89% |
| MPLX LP Partnership Units | MPLX | 11.11% |
| Phillips 66 Partners LP | PSXP | 10.73% |
| Energy Transfer LP | ET | 8.05% |
| Plains All American Pipeline LP | PAA | 7.49% |
| TC Pipelines LP | TCP | 6.07% |
| Shell Midstream Partners LP | SHLX | 5.03% |
| Cheniere Energy Partners LP | CQP | 4.48% |
| EQM Midstream Partners LP | EQM | 4.00% |
4. What is AMLP performance? What are AMLP historical returns?
AMLP has generated the following returns:
- 1-month return is 24.10%;
- 3-month return is -36.77%;
- 1-year return is -46.77%;
- 3-year return is -20.38%;
- 5-year return is -15.28%.
5. How many up and down years did AMLP have historically?
In the last 10 years, AMLP had 5 up years and 4 down years.
6. What is AMLP dividend yield?
AMLP yield is 15.06%.
7. What is AMLP expense ratio?
AMLP expense ratio is 0.87%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.
8. What is AMLP tax efficiency (tax-cost ratio)?
- 1-year ax cost ratio is 3.55%;
- 3-year ax cost ratio is 2.48%.
Analysis
11. What is AMLP Finny Score? AMLP buy or sell?
AMLP Finny Score is 0. Our quantitative analysis shows 0 reasons to buy AMLP and 5 reasons to sell it, resulting in the Finny Score of 0.
12. What are the pros of investing in AMLP? What are AMLP buy reasons?
There are no apparent reasons to buy AMLP.
13. What are the cons of investing in AMLP? What are AMLP negatives?
The following are AMLP weaknesses from our perspective:
- AMLP 3-year return is -20.38%, which is lower than the 3-year return of the benchmark index (MSCI ACWI NR USD), 3.17%.
- AMLP 5-year return is -15.28%, which is lower than the 5-year return of the benchmark index (MSCI ACWI NR USD), 3.6%.
- AMLP expense ratio is 0.87%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
- AMLP 3-year Beta is 1.78, which is higher than the index (MSCI ACWI NR USD) 3-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 3 years.
- AMLP 5-year Beta is 1.66, which is higher than the index (MSCI ACWI NR USD) 5-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 5 years.
Alternatives
14. Compare and contrast: AMLP vs MLPA.
Both AMLP and MLPA are ETFs. AMLP has a higher 5-year return than MLPA (-15.28% vs -15.37%). AMLP has a higher expense ratio than MLPA (0.87% vs 0.46%). Below is the comparison between AMLP and MLPA.
| AMLP | MLPA | |
|---|---|---|
| Segment | Equity: U.S. MLPs | Equity: U.S. MLPs |
| Net Assets | $3.81B | $603.34M |
| Expense Ratio | 0.87% | 0.46% |
| Management Style | passive (index-based) | passive (index-based) |
| Underlying Index | Alerian MLP Infrastructure Index | Solactive MLP Infrastructure Index |
| YTD Return | -40.19% | -40.55% |
| 1-Year Return | -46.77% | -44.74% |
| 3-Year Return | -20.38% | -20.11% |
| 5-Year Return | -15.28% | -15.37% |
| 10-Year Return | N/A | N/A |
| Dividend Yield | 15.06% | 15.25% |
MLPA profile: The Fund seeks to correspond to the price and yield of the Solactive MLP Composite Index. The Fund invests at least 80% of its net assets in the securities of the Underlying Index, which was comprised of 20 MLPs engaged in the transportation, storage, and processing of natural resources (Midstream MLPs).
For further information, check out AMLP vs MLPA comparison details.
15. Compare and contrast: AMLP vs AMJ.
Both AMLP and AMJ are ETFs. AMLP has a higher 5-year return than AMJ (-15.28% vs -15.89%). AMLP has a higher expense ratio than AMJ (0.87% vs 0.85%). Below is the comparison between AMLP and AMJ.
| AMLP | AMJ | |
|---|---|---|
| Segment | Equity: U.S. MLPs | Equity: U.S. MLPs |
| Net Assets | $3.81B | $1.51B |
| Expense Ratio | 0.87% | 0.85% |
| Management Style | passive (index-based) | passive (index-based) |
| Underlying Index | Alerian MLP Infrastructure Index | Alerian MLP Index |
| YTD Return | -40.19% | -37.77% |
| 1-Year Return | -46.77% | -43.86% |
| 3-Year Return | -20.38% | -19.33% |
| 5-Year Return | -15.28% | -15.89% |
| 10-Year Return | N/A | -2.1% |
| Dividend Yield | 15.06% | 13.05% |
AMJ profile: The Fund seeks to provide investors a convenient way to gain exposure to midstream energy master limited partnerships. The Alerian MLP Index is a market-cap weighted, float-adjusted index that was created to provide a benchmark to track the performance of the energy MLP sector.
For further information, check out AMLP vs AMJ comparison details.
16. Compare and contrast: AMLP vs USO.
Both AMLP and USO are ETFs. AMLP has a higher 5-year return than USO (-15.28% vs -32.86%). AMLP has a higher expense ratio than USO (0.87% vs 0.79%). Below is the comparison between AMLP and USO.
| AMLP | USO | |
|---|---|---|
| Segment | Equity: U.S. MLPs | Commodities: Energy Crude Oil |
| Net Assets | $3.81B | $3.75B |
| Expense Ratio | 0.87% | 0.79% |
| Management Style | passive (index-based) | passive (index-based) |
| Underlying Index | Alerian MLP Infrastructure Index | Front Month Light Sweet Crude Oil |
| YTD Return | -40.19% | -78.15% |
| 1-Year Return | -46.77% | -78.42% |
| 3-Year Return | -20.38% | -34.95% |
| 5-Year Return | -15.28% | -32.86% |
| 10-Year Return | N/A | -22.28% |
| Dividend Yield | 15.06% | N/A |
USO profile: The Fund seeks to reflect the performance of the spot price of West Texas Intermediate light, sweet crude oil delivered to Cushing, Oklahoma by investing in a mix of Oil Futures Contracts and Other Oil Interests.
For further information, check out AMLP vs USO comparison details.
17. Compare and contrast: AMLP vs ENFR.
Both AMLP and ENFR are ETFs. AMLP has a lower 5-year return than ENFR (-15.28% vs -9.91%). AMLP has a higher expense ratio than ENFR (0.87% vs 0.65%). Below is the comparison between AMLP and ENFR.
| AMLP | ENFR | |
|---|---|---|
| Segment | Equity: U.S. MLPs | Equity: U.S. MLPs |
| Net Assets | $3.81B | $27.50M |
| Expense Ratio | 0.87% | 0.65% |
| Management Style | passive (index-based) | passive (index-based) |
| Underlying Index | Alerian MLP Infrastructure Index | Alerian Energy Infrastructure Index |
| YTD Return | -40.19% | -34.08% |
| 1-Year Return | -46.77% | -34.74% |
| 3-Year Return | -20.38% | -13.3% |
| 5-Year Return | -15.28% | -9.91% |
| 10-Year Return | N/A | N/A |
| Dividend Yield | 15.06% | 9.04% |
ENFR profile: The Fund seeks investment results that correspond to the price and yield performance of its underlying index, the Alerian Energy Infrastructure Index which comprises of 30 equity securities of issuers headquartered in the U.S.A and Canada that engage in the transportation, storage, and processing of energy commodities.
For further information, check out AMLP vs ENFR comparison details.
18. Compare and contrast: AMLP vs XLE.
Both AMLP and XLE are ETFs. AMLP has a lower 5-year return than XLE (-15.28% vs -11.44%). AMLP has a higher expense ratio than XLE (0.87% vs 0.13%). Below is the comparison between AMLP and XLE.
| AMLP | XLE | |
|---|---|---|
| Segment | Equity: U.S. MLPs | Equity: U.S. Energy |
| Net Assets | $3.81B | $9.40B |
| Expense Ratio | 0.87% | 0.13% |
| Management Style | passive (index-based) | passive (index-based) |
| Underlying Index | Alerian MLP Infrastructure Index | S&P Energy Select Sector Index |
| YTD Return | -40.19% | -38.62% |
| 1-Year Return | -46.77% | -39.07% |
| 3-Year Return | -20.38% | -15.21% |
| 5-Year Return | -15.28% | -11.44% |
| 10-Year Return | N/A | -1.53% |
| Dividend Yield | 15.06% | 10.75% |
XLE profile: The Fund seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Energy Select Sector Index. Under normal market conditions, the fund generally invests substantially all, but at least 95%, of its total assets in the securities comprising the Index.
For further information, check out AMLP vs XLE comparison details.
19. Compare and contrast: AMLP vs EMLP.
Both AMLP and EMLP are ETFs. AMLP has a lower 5-year return than EMLP (-15.28% vs -2.73%). AMLP has a lower expense ratio than EMLP (0.87% vs 0.96%). Below is the comparison between AMLP and EMLP.
| AMLP | EMLP | |
|---|---|---|
| Segment | Equity: U.S. MLPs | Equity: U.S. MLPs |
| Net Assets | $3.81B | $1.80B |
| Expense Ratio | 0.87% | 0.96% |
| Management Style | passive (index-based) | passive (index-based) |
| Underlying Index | Alerian MLP Infrastructure Index | -- |
| YTD Return | -40.19% | -21.83% |
| 1-Year Return | -46.77% | -17.64% |
| 3-Year Return | -20.38% | -3.84% |
| 5-Year Return | -15.28% | -2.73% |
| 10-Year Return | N/A | N/A |
| Dividend Yield | 15.06% | 4.84% |
EMLP profile: The Fund seeks total return. Under normal market conditions, the Fund will invest at least 80% of its net assets in equity securities of companies deemed by the Sub-Advisor to be engaged in the energy infrastructure sector. The Fund may invest in equity securities of MLPs without limit.
For further information, check out AMLP vs EMLP comparison details.
20. Compare and contrast: AMLP vs AMZA.
Both AMLP and AMZA are ETFs. AMLP has a higher 5-year return than AMZA (-15.28% vs -27.61%). AMLP has a lower expense ratio than AMZA (0.87% vs 2.41%). Below is the comparison between AMLP and AMZA.
| AMLP | AMZA | |
|---|---|---|
| Segment | Equity: U.S. MLPs | Equity: U.S. MLPs |
| Net Assets | $3.81B | $106.10M |
| Expense Ratio | 0.87% | 2.41% |
| Management Style | passive (index-based) | passive (index-based) |
| Underlying Index | Alerian MLP Infrastructure Index | -- |
| YTD Return | -40.19% | -58.23% |
| 1-Year Return | -46.77% | -63.03% |
| 3-Year Return | -20.38% | -33.3% |
| 5-Year Return | -15.28% | -27.61% |
| 10-Year Return | N/A | N/A |
| Dividend Yield | 15.06% | 45.04% |
AMZA profile: The Fund seeks total return primarily through investments in equity securities of publicly traded master limited partnerships and limited liability companies taxed as partnerships. The Fund will invest not less than 80% of its total assets in equity securities of MLPs in the energy infrastructure sector.
For further information, check out AMLP vs AMZA comparison details.
21. Compare and contrast: AMLP vs MLPX.
Both AMLP and MLPX are ETFs. AMLP has a lower 5-year return than MLPX (-15.28% vs -11.78%). AMLP has a higher expense ratio than MLPX (0.87% vs 0.45%). Below is the comparison between AMLP and MLPX.
| AMLP | MLPX | |
|---|---|---|
| Segment | Equity: U.S. MLPs | Equity: U.S. MLPs |
| Net Assets | $3.81B | $494.97M |
| Expense Ratio | 0.87% | 0.45% |
| Management Style | passive (index-based) | passive (index-based) |
| Underlying Index | Alerian MLP Infrastructure Index | Solactive MLP & Energy Infrastructure Index |
| YTD Return | -40.19% | -33.68% |
| 1-Year Return | -46.77% | -35.66% |
| 3-Year Return | -20.38% | -13.16% |
| 5-Year Return | -15.28% | -11.78% |
| 10-Year Return | N/A | N/A |
| Dividend Yield | 15.06% | 8.92% |
MLPX profile: The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive MLP & Energy Infrastructure Index. The Fund normally invests at least 80% of its total assets in securities of MLPs and energy infrastructure corporations.
For further information, check out AMLP vs MLPX comparison details.
