FXZ vs. MLPX
Compare and contrast key facts about First Trust Materials AlphaDEX Fund (FXZ) and Global X MLP & Energy Infrastructure ETF (MLPX).
FXZ and MLPX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FXZ is a passively managed fund by First Trust that tracks the performance of the StrataQuant Materials Index. It was launched on May 8, 2007. MLPX is a passively managed fund by Global X that tracks the performance of the Solactive MLP & Energy Infrastructure Index. It was launched on Aug 7, 2013. Both FXZ and MLPX 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: FXZ or MLPX.
Key characteristics
| FXZ | MLPX | |
|---|---|---|
| YTD Return | -3.81% | 44.14% |
| 1Y Return | 10.62% | 51.50% |
| 3Y Return (Ann) | 2.88% | 24.24% |
| 5Y Return (Ann) | 12.76% | 19.59% |
| 10Y Return (Ann) | 9.07% | 6.36% |
| Sharpe Ratio | 0.62 | 3.75 |
| Sortino Ratio | 0.98 | 5.04 |
| Omega Ratio | 1.12 | 1.64 |
| Calmar Ratio | 0.69 | 8.14 |
| Martin Ratio | 1.71 | 29.48 |
| Ulcer Index | 6.83% | 1.77% |
| Daily Std Dev | 18.94% | 13.89% |
| Max Drawdown | -65.46% | -70.59% |
| Current Drawdown | -8.18% | 0.00% |
Correlation
The correlation between FXZ and MLPX is 0.63, 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
FXZ vs. MLPX - Performance Comparison
In the year-to-date period, FXZ achieves a -3.81% return, which is significantly lower than MLPX's 44.14% return. Over the past 10 years, FXZ has outperformed MLPX with an annualized return of 9.07%, while MLPX has yielded a comparatively lower 6.36% annualized 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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FXZ vs. MLPX - Expense Ratio Comparison
FXZ has a 0.67% expense ratio, which is higher than MLPX's 0.45% expense ratio.
Risk-Adjusted Performance
FXZ vs. MLPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Materials AlphaDEX Fund (FXZ) 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.
Dividends
FXZ vs. MLPX - Dividend Comparison
FXZ's dividend yield for the trailing twelve months is around 1.52%, less than MLPX's 4.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXZ First Trust Materials AlphaDEX Fund | 1.52% | 1.97% | 1.56% | 1.11% | 1.51% | 1.58% | 1.38% | 1.01% | 1.19% | 1.26% | 1.73% | 0.90% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.17% | 5.22% | 5.23% | 5.98% | 8.33% | 5.78% | 5.98% | 4.37% | 5.52% | 4.82% | 2.16% | 0.67% |
Drawdowns
FXZ vs. MLPX - Drawdown Comparison
The maximum FXZ drawdown since its inception was -65.46%, smaller than the maximum MLPX drawdown of -70.59%. Use the drawdown chart below to compare losses from any high point for FXZ and MLPX. For additional features, visit the drawdowns tool.
Volatility
FXZ vs. MLPX - Volatility Comparison
First Trust Materials AlphaDEX Fund (FXZ) has a higher volatility of 5.50% compared to Global X MLP & Energy Infrastructure ETF (MLPX) at 4.59%. This indicates that FXZ'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.