iPath SP MLP ETN chart

Last update: 2022-12-30
Investment Backtesting

Systematic investment

6.47 %

Momentum strategy

9.79 %

Buy the dip strategy

3.69 %
Key statistics and financials
Three year average return 2.44%
YTD return 6.57%
Beta 3Y 2.08
Total Assets 12M
Annual report expense ratio 0.80%

Company description

The index is designed to provide exposure to leading partnerships that trade on major U.S. exchanges and are classified in the GICS Energy Sector and GICS Gas Utilities Industry according to the Global Industry Classification Standard® (“GICS”). It includes both master limited partnerships (“MLPs”) and publicly traded limited liability companies which have a similar legal structure to MLPs and share the same tax benefits as MLPs (collectively, the “index constituents”). The index is calculated, maintained and published by S&P Dow Jones Indices LLC.

Sector: N/A - Industry: N/A

Insider Transactions

Here are the insider transactions of stock shares related to iPath SP MLP ETN:

Filer Name Transaction Text Ownership Date Filer Relation Shares
NO DATA

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page

Investment strategy backtesting

These are the result of three automatic investment systems applied to iPath SP MLP ETN. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.

Systematic investment results on iPath SP MLP ETN

Here is the result of two systematic investment strategies applied to iPath SP MLP ETN. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on iPath SP MLP ETN

The following chart shows the equity curve of the two systematic investment strategies applied to iPath SP MLP ETN:

iPath SP MLP ETN automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 6.47% on the backtest period.

Performance at glance

Performance

6.47 %

Latent gain

144.59 $

Invested capital

2236.01 $

Annualized return

1.56 %
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Momentum strategy results on iPath SP MLP ETN

This is the result of two momentum investment strategies applied to iPath SP MLP ETN. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on iPath SP MLP ETN

The following chart shows all the entries opened by the momentum investment system on iPath SP MLP ETN:

iPath SP MLP ETN momentum entries
  • The first momentum investment strategy would give 9.79% of return on iPath SP MLP ETN. That represents 390.32$ of latent gain with 3987.79$ of employed capital.
  • The second momentum investment strategy would give 1.19% of return on iPath SP MLP ETN. That represents 26.79$ of latent gain with 2244.35$ of employed capital.
Performance at glance (1Q Momentum)

Performance

9.79 %

Latent gain

390.32 $

Invested capital

3987.79 $

Annualized return

1.72 %
Performance at glance (2Q Momentum)

Performance

1.19 %

Latent gain

26.79 $

Invested capital

2244.35 $

Annualized return

0.33 %

Momentum equity curve on iPath SP MLP ETN

The following chart shows the equity curve of the two momentum strategies applied to iPath SP MLP ETN:

iPath SP MLP ETN momentum equity

Note: the dividends potentially given by iPath SP MLP ETN are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.

Employed capital on iPath SP MLP ETN

The following chart shows the employed capital evolution of the two momentum strategies on iPath SP MLP ETN since the beginning:

iPath SP MLP ETN

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.

Buy the dip strategy result on iPath SP MLP ETN

Buy the dip entry openings on iPath SP MLP ETN

iPath SP MLP ETN

The performance achieved by the robo-advisor on iPath SP MLP ETN is 3.69%. That represents 27.72$ of latent gain with 752.13$ of employed capital. The following chart shows iPath SP MLP ETN stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of iPath SP MLP ETN, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

3.69 %

Latent gain

27.72 $

Invested capital

752.13 $

Annualized return

1.72 %

Equity curve of the strategy applied to iPath SP MLP ETN

The following chart shows the result of the investment strategy applied to iPath SP MLP ETN:

iPath SP MLP ETN

Note: the dividends potentially given by iPath SP MLP ETN are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.

Employed capital on iPath SP MLP ETN

The following chart shows the employed capital evolution since the beginning of the investment strategy on iPath SP MLP ETN:

iPath SP MLP ETN

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.

Investment strategies comparison on iPath SP MLP ETN

In this section, I will compare the three previous investment strategies applied to iPath SP MLP ETN.

Equity curve comparison on iPath SP MLP ETN

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

iPath SP MLP ETN investment strategy comparison

Employed capital comparison on iPath SP MLP ETN

iPath SP MLP ETN investment comparison

Performance comparison on iPath SP MLP ETN

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 6.47% 144.59$ 2236.01$ 1.56%
Momentum 1 quarter 9.79% 390.32$ 3987.79$ 2.51%
Momentum 2 quarters 1.19% 26.79$ 2244.35$ 0.33%
Non-directional 3.69% 27.72$ 752.13$ 1.72%
Annualized return comparison

Automatic investment

1.56 %

Momentum 1Q

0.33 %

Momentum 2Q

0.33 %

Non-directional

1.72 %

Correlated stocks

Here are the most positively and negatively correlated stocks with iPath SP MLP ETN:

Positive correlations

Most correlated stocks this year

  • iPath SP MLP ETN
    •

    Most correlated stocks last 3 months

  • iShares S&P Small-Cap 600 Value ETF
  • SPDR S&P 400 Mid Cap Value ETF
  • iShares S&P Mid-Cap 400 Value ETF
  • iPath SP MLP ETN
  • GraniteShares HIPS US High Income ETF
  • Global Blue Group Holding AG
  • Acasti Pharma Inc - Class A

    • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months

  • ACCORD FINANCIAL

    • Note: The algorithm computes the probability of correlation between iPath SP MLP ETN and the other stocks. There may be false positives or some missing correlated stocks. If the price of iPath SP MLP ETN does not vary for 36 weeks, the correlation calculation result will be wrong.

    Company information
    Company name iPath SP MLP ETN
    Country
    City
    Address
    Phone
    Website
    FullTime employees
    Industry
    Sector
    Exchange ARCX
    Ticker IMLP
    Market

    iPath SP MLP ETN ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown

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