This ETF offers exposure to MLPs, a corner of the domestic energy market that has the potential to deliver significant distributions with a relatively low level of overall volatility. Because MLPs are often not included in significant weightings in broad-based equity funds, adding products such as YMLP to your portfolio can be a way to bring potential diversification benefits while also enhancing the current returns from the equity side of the portfolio. MLPs generally derive revenue from storage and transfer of energy commodities, but prices are not overly sensitive to spot oil and gas prices. Instead, income to this asset class is relatively stable, and in order to achieve tax benefits MLPs must pay out almost all of their current income. That results in a relatively attractive distribution yield for YMLP. YMLP is unique from most other offerings in the MLPs ETFdb Category in that it is an ETF as opposed to an ETN (most of the tools for accessing this asset class are exchange-traded notes). The ETF structure in this case brings some potential disadvantages; YMLP must be structured as a C corp in order to hold MLPs, which forces it to accrue a tax liability when the underlying securities increase in value. That tax obligation is avoided with ETNs, which could make that structure favorable when held in taxable accounts or when the underlying securities are appreciating in value. MLPI and AMJ are popular ETN options for accessing MLPs. For those who prefer to avoid the credit risk associated with ETNs, AMLP is the other ETF option out there for accessing MLPs.
The adjacent table gives investors an individual Realtime Rating for YMLP on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the MLPs with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.View the Category Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb.com Category.
This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.
|Developed Markets (ex-US)||19.28%|
This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.
This ETF is not currently available for commission free trading on any platforms.
There are 5 other ETFs in the MLPs ETFdb.com Category that are also eligible for commission free trading:
YMLP does not have an ESG score. There are no ESG themes that map to this ETF.
This section shows how this ETF has performed relative to its peer group ETFdb.com Category.
This section compares the fund flows of this ETF to peers in the same ETFdb.com Category.
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of YMLP relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.