Content and data provided by various third parties and Fidelity − Terms of Use | Help/Glossary

Print

| AAA

Midstream Shows Defensiveness as Oil Prices Fall

BY | ETF Database

03/07/2025 | 27 VIEWS

Related Symbols
AMLP
ENFR

Midstream has remained defensive and has held up better than broader energy amid weakening oil prices.West Texas Intermediate (WTI) crude, the U.S. benchmark, has dropped 17.2% from January 15 through March 5. During the same period, broader energy, as measured by the Energy Select Sector Index, has declined 8.0%. Meanwhile, the midstream segment, represented by the Alerian MLP Infrastructure Index (AMZI) and the Alerian Midstream Energy Select Index (AMEI), has limited losses. AMZI has held relatively steady, giving up just 0.4% between January 15 and March 5, while AMEI has declined 4.6%. The midstream segment is less sensitive to moves in commodity prices given its fee-based business model, which supports stable cash flows. Additionally, announced dividend increases from some names have also likely supported midstream equities so far this year. See more: "4Q24 Midstream/MLP Dividend Recap: Growth Continues”:https://www.etftrends.com/energy-infrastructure-channel/4q24-midstream-mlp-dividend-recap-growth-continues/These 2 ETFs Offer Midstream ExposureAMZI, a composite of energy infrastructure MLPs, underpins the Alerian MLP ETF (AMLP A-). Companies in the index earn most of their cash flow from midstream activities. AMZI is yielding 7.2% as of March 6. AMLP has $10.3 billion in assets under management, making it the largest MLP ETF and second largest energy ETF available to investors. The Alerian Energy Infrastructure ETF (ENFR ) is based on AMEI. The index is a composite of North American energy infrastructure companies, comprising MLPs (25%) and corporations (75%). The index is yielding 5.5% as of March 6. ENFR charges 35 basis points, making it the lowest-cost ETF in the energy infrastructure category. See more: Midstream ETFs AMLP & ENFR Grow Q1 Distributions For more news, information, and analysis, visit the Energy Infrastructure Channel. vettafi.com is owned by VettaFi LLC (“VettaFi”). VettaFi is the index provider for AMLP and ENFR, for which it receives an index licensing fee. However, AMLP and ENFR are not issued, sponsored, endorsed, or sold by VettaFi, and VettaFi has no obligation or liability in connection with the issuance, administration, marketing, or trading of AMLP and ENFR.

Performance data shown is past performance and is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. Yield and return will vary, therefore you have a gain or loss when you sell your shares. For standard quarterly performance, go to the fund's Snapshot page by clicking on the ETF/ETP's symbol.

ETFs may trade at a premium or discount to their NAV and are subject to the market fluctuations of their underlying investments.

For iShares ETFs, Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with an exclusive long-term marketing program that includes promotion of iShares ETFs and inclusion of iShares funds in certain FBS platforms and investment programs. Please note, this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral. Additional information about the sources, amounts, and terms of compensation can be found in the ETF's prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice. BlackRock and iShares are registered trademarks of BlackRock, Inc. and its affiliates.

FBS receives compensation from the fund's advisor or its affiliates in connection with a marketing program that includes the promotion of this security and other ETFs to customers ("Marketing Program"). The Marketing Program creates incentives for FBS to encourage the purchase of certain ETFs. Additional information about the sources, amounts, and terms of compensation is in the ETF's prospectus and related documents. Please note that this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral.

News, commentary (including "Related Symbols") and events are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.

Any data, charts and other information provided on this page are intended to help self-directed investors evaluate exchange traded products (ETPs), including, but limited to exchange traded funds (ETFs) and exchange traded notes (ETNs). Criteria and inputs entered, including the choice to make ETP comparisons, are at the sole discretion of the user and are solely for the convenience of the user. Analyst opinions, ratings and reports are provided by third-parties unaffiliated with Fidelity. All information supplied or obtained from this page is for informational purposes only and should not be considered investment advice or guidance, an offer of or a solicitation of an offer to buy or sell a particular security, or a recommendation or endorsement by Fidelity of any security or investment strategy. Fidelity does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating ETPs. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use. Determine which securities are right for you based on your investment objectives, risk tolerance, financial situation and other individual factors and re-evaluate them on a periodic basis.

Before investing in any exchange traded product, you should consider its investment objective, risks, charges and expenses. Contact Fidelity for a prospectus, offering circular or, if available, a summary prospectus containing this information. Read it carefully.