GYLD vs. MLPX
Compare and contrast key facts about Arrow Dow Jones Global Yield ETF (GYLD) and Global X MLP & Energy Infrastructure ETF (MLPX).
GYLD and MLPX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GYLD is a passively managed fund by Arrow Funds that tracks the performance of the DJ Brookfield Global Infrastructure Composite Yield. It was launched on May 8, 2012. 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 GYLD 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: GYLD or MLPX.
Correlation
The correlation between GYLD and MLPX 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
GYLD vs. MLPX - Performance Comparison
Key characteristics
GYLD:
0.81
MLPX:
3.01
GYLD:
1.14
MLPX:
3.74
GYLD:
1.15
MLPX:
1.51
GYLD:
0.72
MLPX:
5.24
GYLD:
2.71
MLPX:
18.95
GYLD:
3.14%
MLPX:
2.63%
GYLD:
10.44%
MLPX:
16.48%
GYLD:
-54.11%
MLPX:
-70.59%
GYLD:
-4.07%
MLPX:
-5.59%
Returns By Period
In the year-to-date period, GYLD achieves a 4.28% return, which is significantly lower than MLPX's 4.76% return. Over the past 10 years, GYLD has underperformed MLPX with an annualized return of 0.46%, while MLPX has yielded a comparatively higher 6.92% annualized return.
GYLD
4.28%
3.78%
1.67%
8.97%
3.21%
0.46%
MLPX
4.76%
-1.28%
22.56%
52.19%
19.55%
6.92%
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GYLD vs. MLPX - Expense Ratio Comparison
GYLD has a 0.75% expense ratio, which is higher than MLPX's 0.45% expense ratio.
Risk-Adjusted Performance
GYLD vs. MLPX — Risk-Adjusted Performance Rank
GYLD
MLPX
GYLD vs. MLPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Arrow Dow Jones Global Yield ETF (GYLD) 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
GYLD vs. MLPX - Dividend Comparison
GYLD's dividend yield for the trailing twelve months is around 12.06%, more than MLPX's 4.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GYLD Arrow Dow Jones Global Yield ETF | 12.06% | 11.74% | 7.13% | 4.65% | 5.51% | 7.43% | 7.82% | 8.17% | 6.78% | 7.30% | 10.36% | 7.94% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.29% | 4.30% | 5.22% | 5.23% | 5.98% | 8.33% | 5.78% | 5.98% | 4.37% | 5.52% | 4.82% | 2.16% |
Drawdowns
GYLD vs. MLPX - Drawdown Comparison
The maximum GYLD drawdown since its inception was -54.11%, smaller than the maximum MLPX drawdown of -70.59%. Use the drawdown chart below to compare losses from any high point for GYLD and MLPX. For additional features, visit the drawdowns tool.
Volatility
GYLD vs. MLPX - Volatility Comparison
The current volatility for Arrow Dow Jones Global Yield ETF (GYLD) is 3.23%, while Global X MLP & Energy Infrastructure ETF (MLPX) has a volatility of 7.81%. This indicates that GYLD experiences smaller price fluctuations and is considered to be less risky than MLPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.