HD vs. MLPX
HD (The Home Depot, Inc.) is a stock, while MLPX (Global X MLP & Energy Infrastructure ETF) is MLPs fund tracking the Solactive MLP & Energy Infrastructure Index. Over the past 10 years, HD returned 13.20%/yr vs 12.30%/yr for MLPX. At a 0.29 correlation, their price movements are largely independent.
Performance
HD vs. MLPX - Performance Comparison
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Returns By Period
In the year-to-date period, HD achieves a 1.06% return, which is significantly lower than MLPX's 23.61% return. Over the past 10 years, HD has outperformed MLPX with an annualized return of 13.20%, while MLPX has yielded a comparatively lower 12.30% annualized return.
HD
- 1D
- 5.67%
- 1M
- 10.34%
- YTD
- 1.06%
- 6M
- 0.12%
- 1Y
- -2.34%
- 3Y*
- 7.14%
- 5Y*
- 4.36%
- 10Y*
- 13.20%
MLPX
- 1D
- -1.39%
- 1M
- -5.31%
- YTD
- 23.61%
- 6M
- 23.85%
- 1Y
- 23.77%
- 3Y*
- 28.96%
- 5Y*
- 20.92%
- 10Y*
- 12.30%
HD vs. MLPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HD The Home Depot, Inc. | 1.06% | -9.33% | 15.00% | 12.77% | -21.98% | 59.51% | 24.50% | 30.56% | -7.30% | 44.61% |
MLPX Global X MLP & Energy Infrastructure ETF | 23.61% | 4.96% | 42.90% | 15.77% | 21.54% | 39.63% | -20.32% | 19.04% | -15.64% | -4.53% |
Correlation
The correlation between HD and MLPX is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2013 | 0.29 |
The correlation between HD and MLPX shifts across timeframes, from -0.06 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HD vs. MLPX — Risk / Return Rank
HD
MLPX
HD vs. MLPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Home Depot, Inc. (HD) 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.
| HD | MLPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.65 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.27 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 2.92 | -3.00 |
| Martin ratioReturn relative to average drawdown | -0.16 | 6.98 | -7.14 |
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Drawdowns
HD vs. MLPX - Drawdown Comparison
The maximum HD drawdown since its inception was -70.46%, roughly equal to the maximum MLPX drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for HD and MLPX.
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Drawdown Indicators
| HD | MLPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.46% | -70.67% | +0.21% |
Max Drawdown (1Y)Largest decline over 1 year | -28.81% | -8.18% | -20.63% |
Max Drawdown (3Y)Largest decline over 3 years | -28.84% | -16.77% | -12.07% |
Max Drawdown (5Y)Largest decline over 5 years | -34.73% | -19.72% | -15.01% |
Max Drawdown (10Y)Largest decline over 10 years | -37.99% | -64.70% | +26.71% |
Current DrawdownCurrent decline from peak | -17.38% | -5.67% | -11.71% |
Average DrawdownAverage peak-to-trough decline | -20.60% | -16.58% | -4.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.72% | 3.42% | +11.30% |
Volatility
HD vs. MLPX - Volatility Comparison
The Home Depot, Inc. (HD) has a higher volatility of 9.29% compared to Global X MLP & Energy Infrastructure ETF (MLPX) at 5.79%. This indicates that HD'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
| HD | MLPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.29% | 5.79% | +3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 19.03% | 11.89% | +7.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.62% | 15.42% | +9.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.33% | 20.00% | +4.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.94% | 26.47% | -1.53% |
Dividends
HD vs. MLPX - Dividend Comparison
HD's dividend yield for the trailing twelve months is around 2.70%, less than MLPX's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HD The Home Depot, Inc. | 2.70% | 2.67% | 2.31% | 2.41% | 2.41% | 1.59% | 2.26% | 2.49% | 2.40% | 1.88% | 2.06% | 1.78% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.15% | 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
HD and MLPX have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HD has higher volatility (9.29%) compared to MLPX (5.79%). In terms of maximum drawdown, HD dropped -70.46% vs MLPX's -70.67%.
MLPX currently has the higher Sharpe Ratio (1.55 vs -0.10), 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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