Alerian MLP ETFFind Ratings Reports
- Last Ratings Update:05/31/2018
- Price as of 05/31/2018 :$10.35
- Net Assets:$9,617.1 Million
- Peer Rank:56 of 102
- Investment Rating:D-
We rate Alps Alerian MLP ETF at D-. Negative factors that influence this rating include a short term portfolio management tenure. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking a Sector - Energy/Natural Res strategy.
POSITIVES AND RISKS
Total return ranks well below peers over the last three years. The Alps Alerian MLP ETF has returned an annual rate of 2.17% since inception. More recently, the fund has generated a total return of -3.03% in the last five years, -6.52% in the last three years, and -5.80% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 13% of them. It has also outpaced 8% of its competitors on a three year basis and 9% of them over the last year for the period ending 5/31/2018. On a year to date basis, AMLP has returned 0.19%.
Downside risk has been above average. AMLP has a draw down risk of -43.38%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 20.6%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months. As of 5/31/2018, the fund was trading at a price of $10.35, which is 2.2% below its 52-week high of $10.58 and 5.2% above its 52-week low of $9.84.
Low expense ratio helps performance. On total assets of $9.62 billion, AMLP maintains a low expense ratio compared to its Sector - Energy/Natural Res peers of just 0.85% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As AMLP is an exchange traded fund, it has no front end or back end load.
The Alps Alerian MLP ETF is managed by Ryan Mischker at ALPS Advisors Inc. This fund is one of 18 ALPS Advisors Inc exchange-traded funds launched since 3/6/1986 that we track.