CEFD vs. MLPR
Compare and contrast key facts about ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) and ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR).
CEFD and MLPR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CEFD is a passively managed fund by UBS that tracks the performance of the S-Network Composite Closed-End Fund Index (150%). It was launched on Jun 2, 2020. MLPR is a passively managed fund by UBS that tracks the performance of the Alerian MLP Index (150%). It was launched on Jun 2, 2020. Both CEFD and MLPR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CEFD or MLPR.
Key characteristics
| CEFD | MLPR | |
|---|---|---|
| YTD Return | 20.83% | 26.78% |
| 1Y Return | 34.26% | 31.81% |
| 3Y Return (Ann) | -2.68% | 31.64% |
| Sharpe Ratio | 2.65 | 1.54 |
| Sortino Ratio | 3.39 | 2.14 |
| Omega Ratio | 1.50 | 1.27 |
| Calmar Ratio | 1.09 | 2.61 |
| Martin Ratio | 15.75 | 7.98 |
| Ulcer Index | 2.17% | 4.09% |
| Daily Std Dev | 12.89% | 21.16% |
| Max Drawdown | -36.95% | -48.98% |
| Current Drawdown | -7.86% | -2.65% |
Correlation
The correlation between CEFD and MLPR is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CEFD vs. MLPR - Performance Comparison
In the year-to-date period, CEFD achieves a 20.83% return, which is significantly lower than MLPR's 26.78% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CEFD vs. MLPR - Expense Ratio Comparison
Both CEFD and MLPR have an expense ratio of 0.95%.
Risk-Adjusted Performance
CEFD vs. MLPR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) and ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR). 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.
Dividends
CEFD vs. MLPR - Dividend Comparison
CEFD's dividend yield for the trailing twelve months is around 12.15%, more than MLPR's 9.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
CEFD ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN | 12.15% | 14.76% | 16.57% | 10.31% | 5.37% |
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 9.94% | 10.08% | 10.07% | 10.69% | 4.21% |
Drawdowns
CEFD vs. MLPR - Drawdown Comparison
The maximum CEFD drawdown since its inception was -36.95%, smaller than the maximum MLPR drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for CEFD and MLPR. For additional features, visit the drawdowns tool.
Volatility
CEFD vs. MLPR - Volatility Comparison
The current volatility for ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) is 5.15%, while ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) has a volatility of 8.49%. This indicates that CEFD experiences smaller price fluctuations and is considered to be less risky than MLPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.