HMSIX vs. MLPX
Compare and contrast key facts about Hennessy Midstream Fund (HMSIX) and Global X MLP & Energy Infrastructure ETF (MLPX).
HMSIX is managed by Hennessy. It was launched on Dec 30, 2013. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HMSIX or MLPX.
Key characteristics
| HMSIX | MLPX | |
|---|---|---|
| YTD Return | 21.79% | 26.88% |
| 1Y Return | 25.64% | 33.23% |
| 3Y Return (Ann) | 26.25% | 22.64% |
| 5Y Return (Ann) | 12.12% | 14.76% |
| Sharpe Ratio | 1.94 | 2.35 |
| Daily Std Dev | 13.41% | 14.11% |
| Max Drawdown | -67.21% | -70.61% |
| Current Drawdown | -0.43% | -0.53% |
Correlation
The correlation between HMSIX and MLPX is 0.95, 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. MLPX - Performance Comparison
In the year-to-date period, HMSIX achieves a 21.79% return, which is significantly lower than MLPX's 26.88% 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. MLPX - Expense Ratio Comparison
HMSIX has a 1.51% expense ratio, which is higher than MLPX's 0.45% expense ratio.
Risk-Adjusted Performance
HMSIX vs. MLPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Midstream Fund (HMSIX) 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
HMSIX vs. MLPX - Dividend Comparison
HMSIX's dividend yield for the trailing twelve months is around 8.51%, more than MLPX's 4.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMSIX Hennessy Midstream Fund | 8.51% | 9.70% | 10.84% | 12.61% | 15.17% | 9.10% | 2.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.59% | 5.22% | 5.23% | 5.98% | 8.32% | 5.78% | 5.98% | 4.36% | 5.50% | 4.81% | 2.15% | 0.68% |
Drawdowns
HMSIX vs. MLPX - Drawdown Comparison
The maximum HMSIX drawdown since its inception was -67.21%, roughly equal to the maximum MLPX drawdown of -70.61%. Use the drawdown chart below to compare losses from any high point for HMSIX and MLPX. For additional features, visit the drawdowns tool.
Volatility
HMSIX vs. MLPX - Volatility Comparison
The current volatility for Hennessy Midstream Fund (HMSIX) is 3.76%, while Global X MLP & Energy Infrastructure ETF (MLPX) has a volatility of 4.25%. This indicates that HMSIX 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.