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mlp

Last updated Sep 23, 2023

Asset Allocation


BIPC 6.25%CQP 6.25%ENB 6.25%EPD 6.25%MMP 6.25%MPLX 6.25%NEP 6.25%NFG 6.25%OKE 6.25%PBA 6.25%TRP 6.25%WMB 6.25%KMI 6.25%EMLP 6.25%MLPX 6.25%TPYP 6.25%EquityEquity
PositionCategory/SectorWeight
BIPC
Brookfield Infrastructure Corporation
Financial Services6.25%
CQP
Cheniere Energy Partners, L.P.
Energy6.25%
ENB
Enbridge Inc.
Energy6.25%
EPD
Enterprise Products Partners L.P.
Energy6.25%
MMP
Magellan Midstream Partners, L.P.
Energy6.25%
MPLX
MPLX LP
Energy6.25%
NEP
NextEra Energy Partners, LP
Utilities6.25%
NFG
National Fuel Gas Company
Energy6.25%
OKE
ONEOK, Inc.
Energy6.25%
PBA
Pembina Pipeline Corporation
Energy6.25%
TRP
TC Energy Corporation
Energy6.25%
WMB
The Williams Companies, Inc.
Energy6.25%
KMI
Kinder Morgan, Inc.
Energy6.25%
EMLP
First Trust North American Energy Infrastructure Fund
MLPs, Actively Managed6.25%
MLPX
Global X MLP & Energy Infrastructure ETF
MLPs6.25%
TPYP
Tortoise North American Pipeline Fund
Energy Equities6.25%

Performance

The chart shows the growth of an initial investment of $10,000 in mlp, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Quarterly


0.00%5.00%10.00%15.00%AprilMayJuneJulyAugustSeptember
6.27%
8.62%
mlp
Benchmark (^GSPC)
Portfolio components

Returns


1 month6 monthsYear-To-Date1 year5 years (annualized)10 years (annualized)
Benchmark-1.29%8.79%12.52%16.97%15.93%N/A
mlp1.82%7.46%2.72%8.63%26.00%N/A
BIPC
Brookfield Infrastructure Corporation
-1.30%-12.96%-0.99%-17.54%21.05%N/A
CQP
Cheniere Energy Partners, L.P.
9.56%31.37%3.42%15.67%32.18%N/A
ENB
Enbridge Inc.
0.99%-2.68%-7.08%-2.93%12.53%N/A
EPD
Enterprise Products Partners L.P.
4.34%12.33%20.09%25.00%30.94%N/A
MMP
Magellan Midstream Partners, L.P.
5.85%39.08%45.62%60.59%31.15%N/A
MPLX
MPLX LP
0.83%7.73%14.07%30.70%53.59%N/A
NEP
NextEra Energy Partners, LP
3.26%-17.41%-27.26%-33.83%8.16%N/A
NFG
National Fuel Gas Company
-1.40%-4.62%-16.09%-16.48%13.75%N/A
OKE
ONEOK, Inc.
2.81%14.56%5.16%33.03%48.88%N/A
PBA
Pembina Pipeline Corporation
2.47%2.53%-6.36%3.11%22.51%N/A
TRP
TC Energy Corporation
3.68%-0.51%-5.45%-10.75%-0.10%N/A
WMB
The Williams Companies, Inc.
-1.32%20.23%6.62%21.87%36.38%N/A
KMI
Kinder Morgan, Inc.
-3.66%2.13%-3.73%6.95%12.43%N/A
EMLP
First Trust North American Energy Infrastructure Fund
1.48%9.23%5.68%10.23%17.61%N/A
MLPX
Global X MLP & Energy Infrastructure ETF
1.28%15.29%9.17%20.16%35.90%N/A
TPYP
Tortoise North American Pipeline Fund
1.09%9.98%4.75%11.13%25.30%N/A

Asset Correlations Table

The table below shows the correlation coefficients between the assets in the portfolio.

NEPBIPCCQPNFGMMPMPLXTRPEPDENBPBAWMBOKEKMIEMLPMLPXTPYP
NEP1.000.330.240.320.220.230.320.290.360.330.280.350.310.540.350.40
BIPC0.331.000.280.380.280.280.380.310.420.420.340.390.390.480.410.45
CQP0.240.281.000.350.480.510.430.520.460.480.510.530.530.580.610.60
NFG0.320.380.351.000.470.460.470.480.530.520.600.590.610.680.640.70
MMP0.220.280.480.471.000.650.500.650.510.550.600.610.670.660.710.69
MPLX0.230.280.510.460.651.000.480.660.520.590.640.660.640.650.750.71
TRP0.320.380.430.470.500.481.000.550.750.680.630.620.650.700.710.74
EPD0.290.310.520.480.650.660.551.000.590.650.650.710.720.730.780.78
ENB0.360.420.460.530.510.520.750.591.000.790.670.690.720.740.770.81
PBA0.330.420.480.520.550.590.680.650.791.000.700.720.760.740.820.83
WMB0.280.340.510.600.600.640.630.650.670.701.000.770.820.750.860.84
OKE0.350.390.530.590.610.660.620.710.690.720.771.000.820.790.890.87
KMI0.310.390.530.610.670.640.650.720.720.760.820.821.000.800.890.88
EMLP0.540.480.580.680.660.650.700.730.740.740.750.790.801.000.860.91
MLPX0.350.410.610.640.710.750.710.780.770.820.860.890.890.861.000.96
TPYP0.400.450.600.700.690.710.740.780.810.830.840.870.880.910.961.00

Sharpe Ratio

The current mlp Sharpe ratio is 0.08. A Sharpe ratio between 0 and 1.0 is considered sub-optimal.

-1.000.001.002.003.004.000.08

The Sharpe ratio of mlp is in the bottom 25%, suggesting that this portfolio isn't performing as well in terms of risk-adjusted returns compared to many others. This could be due to lower returns, higher volatility, or both. It might be an indication that the portfolio needs fine-tuning.


Rolling 12-month Sharpe Ratio-0.500.000.501.00AprilMayJuneJulyAugustSeptember
0.08
0.81
mlp
Benchmark (^GSPC)
Portfolio components

Dividend yield

mlp granted a 6.11% dividend yield in the last twelve months.


TTM20222021202020192018201720162015201420132012
mlp6.11%6.02%6.74%8.55%6.60%7.23%6.01%6.29%8.66%4.68%4.70%5.26%
BIPC
Brookfield Infrastructure Corporation
4.02%3.80%3.16%2.20%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
CQP
Cheniere Energy Partners, L.P.
7.60%7.27%7.21%8.89%7.97%8.41%8.57%9.25%10.91%9.41%11.10%15.91%
ENB
Enbridge Inc.
7.60%7.14%7.77%9.05%7.17%7.15%6.79%5.68%7.07%4.00%4.71%4.47%
EPD
Enterprise Products Partners L.P.
7.14%8.24%9.34%11.21%8.44%10.06%9.65%9.59%10.24%7.22%7.72%15.17%
MMP
Magellan Midstream Partners, L.P.
6.41%8.75%10.16%12.12%8.83%9.76%7.71%6.99%7.33%5.39%6.09%7.88%
MPLX
MPLX LP
8.85%9.41%13.19%16.70%15.81%13.63%10.98%10.88%8.54%3.71%4.83%0.00%
NEP
NextEra Energy Partners, LP
6.75%4.45%3.35%3.79%4.36%4.84%4.37%6.70%4.19%0.79%0.00%0.00%
NFG
National Fuel Gas Company
3.68%3.02%2.97%4.66%4.21%3.87%3.64%3.54%4.71%2.91%2.82%3.95%
OKE
ONEOK, Inc.
5.74%5.94%7.06%11.63%6.21%8.43%7.51%6.65%16.40%7.54%4.35%5.59%
PBA
Pembina Pipeline Corporation
6.45%6.04%7.34%9.38%6.34%7.81%6.17%6.79%10.09%7.01%7.71%10.05%
TRP
TC Energy Corporation
7.45%7.12%6.56%6.87%5.25%7.56%5.44%5.39%7.20%5.40%6.17%6.15%
WMB
The Williams Companies, Inc.
5.26%5.39%6.91%9.33%8.13%8.31%5.58%7.97%15.25%7.42%6.61%6.75%
KMI
Kinder Morgan, Inc.
6.75%6.39%7.54%9.03%5.72%6.31%3.86%3.46%19.03%6.24%7.06%6.44%
EMLP
First Trust North American Energy Infrastructure Fund
3.86%3.25%3.51%5.19%4.31%5.68%4.79%4.74%6.30%4.36%4.83%1.81%
MLPX
Global X MLP & Energy Infrastructure ETF
5.34%5.45%6.56%9.74%7.37%8.07%6.18%8.15%7.58%3.51%1.13%0.00%
TPYP
Tortoise North American Pipeline Fund
4.93%4.66%5.28%7.01%5.45%5.87%4.95%4.83%3.69%0.00%0.00%0.00%

Expense Ratio

The mlp features an expense ratio of 0.11%, falling within the medium range. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.


0.96%
0.00%2.15%
0.45%
0.00%2.15%
0.40%
0.00%2.15%

Risk-Adjusted Performance

This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
BIPC
Brookfield Infrastructure Corporation
-0.71
CQP
Cheniere Energy Partners, L.P.
0.19
ENB
Enbridge Inc.
-0.36
EPD
Enterprise Products Partners L.P.
1.11
MMP
Magellan Midstream Partners, L.P.
2.21
MPLX
MPLX LP
1.23
NEP
NextEra Energy Partners, LP
-1.07
NFG
National Fuel Gas Company
-0.87
OKE
ONEOK, Inc.
0.70
PBA
Pembina Pipeline Corporation
-0.23
TRP
TC Energy Corporation
-0.59
WMB
The Williams Companies, Inc.
0.56
KMI
Kinder Morgan, Inc.
0.04
EMLP
First Trust North American Energy Infrastructure Fund
0.29
MLPX
Global X MLP & Energy Infrastructure ETF
0.52
TPYP
Tortoise North American Pipeline Fund
0.22

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-18.00%-16.00%-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%AprilMayJuneJulyAugustSeptember
-6.74%
-9.93%
mlp
Benchmark (^GSPC)
Portfolio components

Worst Drawdowns

The table below shows the maximum drawdowns of the mlp. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the mlp is 19.31%, recorded on Sep 23, 2020. It took 44 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-19.31%Jun 9, 202075Sep 23, 202044Nov 24, 2020119
-16.54%Jun 8, 202276Sep 26, 2022
-9.45%Jun 16, 202146Aug 19, 202138Oct 13, 202184
-8.73%Oct 21, 202142Dec 20, 202115Jan 11, 202257
-8.63%Apr 21, 202216May 12, 202214Jun 2, 202230

Volatility Chart

The current mlp volatility is 4.08%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%AprilMayJuneJulyAugustSeptember
4.08%
3.41%
mlp
Benchmark (^GSPC)
Portfolio components