GRES vs. MLPA
Compare and contrast key facts about IQ Global Resources ETF (GRES) and Global X MLP ETF (MLPA).
GRES and MLPA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GRES is a passively managed fund by New York Life that tracks the performance of the IQ Global Resources Index. It was launched on Oct 27, 2009. MLPA is a passively managed fund by Global X that tracks the performance of the Solactive MLP Infrastructure Index. It was launched on Apr 18, 2012. Both GRES and MLPA 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: GRES or MLPA.
Key characteristics
| GRES | MLPA |
|---|
Correlation
The correlation between GRES and MLPA is 0.53, 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
GRES vs. MLPA - Performance Comparison
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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GRES vs. MLPA - Expense Ratio Comparison
GRES has a 0.30% expense ratio, which is lower than MLPA's 0.46% expense ratio.
Risk-Adjusted Performance
GRES vs. MLPA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ Global Resources ETF (GRES) and Global X MLP ETF (MLPA). 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
GRES vs. MLPA - Dividend Comparison
GRES has not paid dividends to shareholders, while MLPA's dividend yield for the trailing twelve months is around 7.11%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRES IQ Global Resources ETF | 1.79% | 4.64% | 1.03% | 0.00% | 9.90% | 1.73% | 0.77% | 0.00% | 0.38% | 0.16% | 1.30% | 1.09% |
MLPA Global X MLP ETF | 7.11% | 7.49% | 7.30% | 8.72% | 13.84% | 9.09% | 10.00% | 8.05% | 7.15% | 9.29% | 5.80% | 5.62% |
Drawdowns
GRES vs. MLPA - Drawdown Comparison
Volatility
GRES vs. MLPA - Volatility Comparison
The current volatility for IQ Global Resources ETF (GRES) is 0.00%, while Global X MLP ETF (MLPA) has a volatility of 3.26%. This indicates that GRES experiences smaller price fluctuations and is considered to be less risky than MLPA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.