APO vs. MLPX
APO (Apollo Global Management, Inc.) is a stock, while MLPX (Global X MLP & Energy Infrastructure ETF) is Infrastructure Equities fund tracking the Solactive MLP & Energy Infrastructure Index. Over the past 10 years, APO returned 27.17%/yr vs 12.35%/yr for MLPX. Their 0.38 correlation means their historical movements had little consistent relationship.
Performance
APO vs. MLPX - Performance Comparison
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Returns By Period
In the year-to-date period, APO achieves a -12.52% return, which is significantly lower than MLPX's 26.75% return. Over the past 10 years, APO has outperformed MLPX with an annualized return of 27.17%, while MLPX has yielded a comparatively lower 12.35% annualized return.
APO
- 1D
- 4.44%
- 1M
- 5.88%
- 6M
- -5.88%
- YTD
- -12.52%
- 1Y
- -7.73%
- 3Y*
- 17.12%
- 5Y*
- 18.75%
- 10Y*
- 27.17%
- ALL TIME*
- 20.44%
MLPX
- 1D
- 0.31%
- 1M
- 2.91%
- 6M
- 17.40%
- YTD
- 26.75%
- 1Y
- 26.87%
- 3Y*
- 26.63%
- 5Y*
- 22.92%
- 10Y*
- 12.35%
- ALL TIME*
- 9.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $435.36M | $496.01M | $510.65M | |
| $36.85M | $35.99M | $31.05M |
APO vs. MLPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
APO Apollo Global Management, Inc. | -12.52% | -11.12% | 79.87% | 49.44% | -9.59% | 53.25% | 8.00% | 106.46% | -22.03% | 85.29% |
MLPX Global X MLP & Energy Infrastructure ETF | 26.75% | 4.96% | 42.90% | 15.77% | 21.54% | 39.63% | -20.32% | 19.04% | -15.64% | -4.53% |
Correlation
The correlation between APO and MLPX is -0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.38 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2013 | 0.38 |
The correlation between APO and MLPX shifts across timeframes, from -0.07 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
APO vs. MLPX — Risk / Return Rank
APO
MLPX
APO vs. MLPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Apollo Global Management, Inc. (APO) and Global X MLP & Energy Infrastructure ETF (MLPX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| APO | MLPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -2.66 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.29 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | 3.27 | -3.63 |
| Martin ratioReturn relative to average drawdown | -0.76 | 7.63 | -8.40 |
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Drawdowns
APO vs. MLPX - Drawdown Comparison
The maximum APO drawdown since its inception was -56.99%, smaller than the maximum MLPX drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for APO and MLPX.
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Drawdown Indicators
| APO | MLPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.99% | -70.67% | +13.68% |
Max Drawdown (1Y)Largest decline over 1 year | -34.05% | -8.18% | -25.87% |
Max Drawdown (3Y)Largest decline over 3 years | -42.82% | -16.77% | -26.05% |
Max Drawdown (5Y)Largest decline over 5 years | -42.82% | -19.72% | -23.10% |
Max Drawdown (10Y)Largest decline over 10 years | -53.48% | -64.70% | +11.22% |
Current DrawdownCurrent decline from peak | -28.10% | -3.27% | -24.83% |
Average DrawdownAverage peak-to-trough decline | -16.50% | -16.47% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.05% | 3.49% | +12.56% |
Volatility
APO vs. MLPX - Volatility Comparison
Apollo Global Management, Inc. (APO) has a higher volatility of 9.03% compared to Global X MLP & Energy Infrastructure ETF (MLPX) at 5.46%. This indicates that APO's price experiences larger fluctuations and is considered to be riskier than MLPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APO | MLPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.03% | 5.46% | +3.57% |
Volatility (6M)Calculated over the trailing 6-month period | 28.28% | 12.52% | +15.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.03% | 15.68% | +20.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.31% | 19.90% | +17.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.93% | 26.14% | +11.79% |
Dividends
APO vs. MLPX - Dividend Comparison
APO's dividend yield for the trailing twelve months is around 1.67%, less than MLPX's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APO Apollo Global Management, Inc. | 1.67% | 1.38% | 1.10% | 1.81% | 2.51% | 2.90% | 4.72% | 4.23% | 7.86% | 5.53% | 6.46% | 12.91% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.05% | 4.88% | 4.30% | 5.22% | 5.23% | 5.98% | 8.32% | 5.78% | 5.77% | 4.36% | 5.50% | 4.81% |
Frequently Asked Questions
APO and MLPX have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APO has higher volatility (9.03%) compared to MLPX (5.46%). In terms of maximum drawdown, APO dropped -56.99% vs MLPX's -70.67%.
MLPX currently has the higher Sharpe Ratio (1.71 vs -0.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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