BAM vs. MLPX
BAM (Brookfield Asset Management Ltd.) is a stock, while MLPX (Global X MLP & Energy Infrastructure ETF) is MLPs fund tracking the Solactive MLP & Energy Infrastructure Index. Over the past 3 years, BAM returned 18.80%/yr vs 28.56%/yr for MLPX. At a 0.34 correlation, their price movements are largely independent.
Performance
BAM vs. MLPX - Performance Comparison
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Returns By Period
In the year-to-date period, BAM achieves a -3.41% return, which is significantly lower than MLPX's 28.86% return.
BAM
- 1D
- 1.12%
- 1M
- 2.04%
- 6M
- -2.76%
- YTD
- -3.41%
- 1Y
- -13.34%
- 3Y*
- 18.80%
- 5Y*
- —
- 10Y*
- —
MLPX
- 1D
- 1.09%
- 1M
- 5.41%
- 6M
- 27.01%
- YTD
- 28.86%
- 1Y
- 31.01%
- 3Y*
- 28.56%
- 5Y*
- 23.50%
- 10Y*
- 12.01%
BAM vs. MLPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BAM Brookfield Asset Management Ltd. | -3.41% | -0.24% | 39.70% | 45.61% | -10.80% |
MLPX Global X MLP & Energy Infrastructure ETF | 28.86% | 4.96% | 42.90% | 15.77% | 1.12% |
Correlation
The correlation between BAM and MLPX is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2022 | 0.34 |
The correlation between BAM and MLPX shifts across timeframes, from -0.06 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BAM vs. MLPX — Risk / Return Rank
BAM
MLPX
BAM vs. MLPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Asset Management Ltd. (BAM) 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.
| BAM | MLPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.43 | ||
| Sortino ratioReturn per unit of downside risk | -3.21 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.33 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 3.81 | -4.25 |
| Martin ratioReturn relative to average drawdown | -0.74 | 8.97 | -9.71 |
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Drawdowns
BAM vs. MLPX - Drawdown Comparison
The maximum BAM drawdown since its inception was -30.37%, smaller than the maximum MLPX drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for BAM and MLPX.
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Drawdown Indicators
| BAM | MLPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.37% | -70.67% | +40.30% |
Max Drawdown (1Y)Largest decline over 1 year | -30.37% | -8.18% | -22.19% |
Max Drawdown (3Y)Largest decline over 3 years | -30.37% | -16.77% | -13.60% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.72% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.70% | — |
Current DrawdownCurrent decline from peak | -18.65% | -1.66% | -16.99% |
Average DrawdownAverage peak-to-trough decline | -9.22% | -16.52% | +7.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.19% | 3.46% | +14.73% |
Volatility
BAM vs. MLPX - Volatility Comparison
Brookfield Asset Management Ltd. (BAM) has a higher volatility of 8.09% compared to Global X MLP & Energy Infrastructure ETF (MLPX) at 5.80%. This indicates that BAM'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
| BAM | MLPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.09% | 5.80% | +2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 22.90% | 12.34% | +10.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.14% | 15.74% | +14.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.12% | 20.00% | +10.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.12% | 26.15% | +3.97% |
Dividends
BAM vs. MLPX - Dividend Comparison
BAM's dividend yield for the trailing twelve months is around 3.79%, less than MLPX's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAM Brookfield Asset Management Ltd. | 3.79% | 3.34% | 2.80% | 3.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MLPX Global X MLP & Energy Infrastructure ETF | 3.98% | 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
BAM and MLPX have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAM has higher volatility (8.09%) compared to MLPX (5.80%). In terms of maximum drawdown, BAM dropped -30.37% vs MLPX's -70.67%.
MLPX currently has the higher Sharpe Ratio (1.98 vs -0.45), 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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