HMSIX vs. AMLP
Compare and contrast key facts about Hennessy Midstream Fund (HMSIX) and Alerian MLP ETF (AMLP).
HMSIX is managed by Hennessy. It was launched on Dec 30, 2013. AMLP is a passively managed fund by SS&C that tracks the performance of the Alerian MLP Infrastructure Index. It was launched on Aug 23, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HMSIX or AMLP.
Key characteristics
| HMSIX | AMLP | |
|---|---|---|
| YTD Return | 22.09% | 18.90% |
| 1Y Return | 26.91% | 24.09% |
| 3Y Return (Ann) | 26.43% | 22.53% |
| 5Y Return (Ann) | 12.16% | 9.45% |
| Sharpe Ratio | 1.95 | 1.64 |
| Daily Std Dev | 13.44% | 14.36% |
| Max Drawdown | -67.21% | -77.19% |
| Current Drawdown | -0.18% | -1.17% |
Correlation
The correlation between HMSIX and AMLP is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HMSIX vs. AMLP - Performance Comparison
In the year-to-date period, HMSIX achieves a 22.09% return, which is significantly higher than AMLP's 18.90% 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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HMSIX vs. AMLP - Expense Ratio Comparison
HMSIX has a 1.51% expense ratio, which is higher than AMLP's 0.90% expense ratio.
Risk-Adjusted Performance
HMSIX vs. AMLP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Midstream Fund (HMSIX) and Alerian MLP ETF (AMLP). 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
HMSIX vs. AMLP - Dividend Comparison
HMSIX's dividend yield for the trailing twelve months is around 8.49%, more than AMLP's 7.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMSIX Hennessy Midstream Fund | 8.49% | 9.70% | 10.84% | 12.61% | 15.17% | 9.10% | 2.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AMLP Alerian MLP ETF | 7.65% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.29% | 7.97% | 8.09% | 9.84% | 6.45% | 6.00% |
Drawdowns
HMSIX vs. AMLP - Drawdown Comparison
The maximum HMSIX drawdown since its inception was -67.21%, smaller than the maximum AMLP drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for HMSIX and AMLP. For additional features, visit the drawdowns tool.
Volatility
HMSIX vs. AMLP - Volatility Comparison
The current volatility for Hennessy Midstream Fund (HMSIX) is 3.87%, while Alerian MLP ETF (AMLP) has a volatility of 4.41%. This indicates that HMSIX experiences smaller price fluctuations and is considered to be less risky than AMLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.