GOOGL vs. MLPX
GOOGL (Alphabet Inc. Class A) 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, GOOGL returned 24.66%/yr vs 11.74%/yr for MLPX. Their 0.26 correlation means their historical movements had little consistent relationship.
Performance
GOOGL vs. MLPX - Performance Comparison
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Returns By Period
In the year-to-date period, GOOGL achieves a 15.94% return, which is significantly lower than MLPX's 23.25% return. Over the past 10 years, GOOGL has outperformed MLPX with an annualized return of 24.66%, while MLPX has yielded a comparatively lower 11.74% annualized return.
GOOGL
- 1D
- -4.03%
- 1M
- -1.10%
- 6M
- 8.97%
- YTD
- 15.94%
- 1Y
- 86.71%
- 3Y*
- 41.85%
- 5Y*
- 21.92%
- 10Y*
- 24.66%
- ALL TIME*
- 25.49%
MLPX
- 1D
- -1.55%
- 1M
- 0.23%
- 6M
- 12.61%
- YTD
- 23.25%
- 1Y
- 23.99%
- 3Y*
- 25.40%
- 5Y*
- 22.40%
- 10Y*
- 11.74%
- ALL TIME*
- 9.10%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $13.20B | $11.00B | $12.02B | |
| $37.87M | $35.74M | $31.49M |
GOOGL vs. MLPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOOGL Alphabet Inc. Class A | 15.94% | 65.99% | 36.01% | 58.32% | -39.09% | 65.30% | 30.85% | 28.18% | -0.80% | 32.93% |
MLPX Global X MLP & Energy Infrastructure ETF | 23.25% | 4.96% | 42.90% | 15.77% | 21.54% | 39.63% | -20.32% | 19.04% | -15.64% | -4.53% |
Correlation
The correlation between GOOGL and MLPX is -0.18, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.18 |
Correlation (3Y) Balances recent behavior with more history. | 0.04 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.25 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2013 | 0.26 |
The correlation between GOOGL and MLPX shifts across timeframes, from -0.18 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GOOGL vs. MLPX — Risk / Return Rank
GOOGL
MLPX
GOOGL vs. MLPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alphabet Inc. Class A (GOOGL) 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.
| GOOGL | MLPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.26 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | 2.95 | +1.19 |
| Martin ratioReturn relative to average drawdown | 11.67 | 6.86 | +4.81 |
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Drawdowns
GOOGL vs. MLPX - Drawdown Comparison
The maximum GOOGL drawdown since its inception was -65.29%, smaller than the maximum MLPX drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for GOOGL and MLPX.
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Drawdown Indicators
| GOOGL | MLPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.29% | -70.67% | +5.38% |
Max Drawdown (1Y)Largest decline over 1 year | -21.05% | -8.18% | -12.87% |
Max Drawdown (3Y)Largest decline over 3 years | -29.81% | -16.77% | -13.04% |
Max Drawdown (5Y)Largest decline over 5 years | -44.32% | -19.72% | -24.60% |
Max Drawdown (10Y)Largest decline over 10 years | -44.32% | -64.70% | +20.38% |
Current DrawdownCurrent decline from peak | -9.93% | -5.94% | -3.99% |
Average DrawdownAverage peak-to-trough decline | -13.01% | -16.46% | +3.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.46% | 3.51% | +3.95% |
Volatility
GOOGL vs. MLPX - Volatility Comparison
Alphabet Inc. Class A (GOOGL) has a higher volatility of 14.46% compared to Global X MLP & Energy Infrastructure ETF (MLPX) at 4.81%. This indicates that GOOGL'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
| GOOGL | MLPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.46% | 4.81% | +9.65% |
Volatility (6M)Calculated over the trailing 6-month period | 25.52% | 12.43% | +13.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.47% | 15.79% | +16.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.06% | 19.90% | +12.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.51% | 26.13% | +3.38% |
Dividends
GOOGL vs. MLPX - Dividend Comparison
GOOGL's dividend yield for the trailing twelve months is around 0.23%, less than MLPX's 4.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOOGL Alphabet Inc. Class A | 0.23% | 0.27% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.16% | 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
GOOGL and MLPX have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOOGL has higher volatility (14.46%) compared to MLPX (4.81%). In terms of maximum drawdown, GOOGL dropped -65.29% vs MLPX's -70.67%.
GOOGL currently has the higher Sharpe Ratio (2.68 vs 1.53), 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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