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.
Performance
HMSIX vs. MLPX - Performance Comparison
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HMSIX vs. MLPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HMSIX Hennessy Midstream Fund | 17.65% | -0.49% | 36.21% | 23.75% | 29.15% | 36.58% | -31.00% | 11.97% | -20.24% |
MLPX Global X MLP & Energy Infrastructure ETF | 23.52% | 4.96% | 42.90% | 15.77% | 21.54% | 39.63% | -20.32% | 19.04% | -18.89% |
Returns By Period
In the year-to-date period, HMSIX achieves a 17.65% return, which is significantly lower than MLPX's 23.52% return.
HMSIX
- 1D
- -0.63%
- 1M
- 4.11%
- YTD
- 17.65%
- 6M
- 18.55%
- 1Y
- 8.36%
- 3Y*
- 24.54%
- 5Y*
- 24.09%
- 10Y*
- —
MLPX
- 1D
- -0.98%
- 1M
- 3.80%
- YTD
- 23.52%
- 6M
- 20.89%
- 1Y
- 21.69%
- 3Y*
- 29.25%
- 5Y*
- 24.62%
- 10Y*
- 14.53%
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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.
Return for Risk
HMSIX vs. MLPX — Risk / Return Rank
HMSIX
MLPX
HMSIX vs. MLPX - Risk-Adjusted Trends 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.
| HMSIX | MLPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.44 | 1.15 | -0.72 |
Sortino ratioReturn per unit of downside risk | 0.67 | 1.51 | -0.84 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.23 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.56 | 1.44 | -0.88 |
Martin ratioReturn relative to average drawdown | 0.94 | 4.48 | -3.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HMSIX | MLPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 1.15 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.19 | 1.24 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.36 | +0.01 |
Correlation
The correlation between HMSIX and MLPX 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.
Dividends
HMSIX vs. MLPX - Dividend Comparison
HMSIX's dividend yield for the trailing twelve months is around 7.29%, more than MLPX's 4.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMSIX Hennessy Midstream Fund | 7.29% | 8.42% | 7.74% | 9.70% | 10.84% | 12.61% | 15.17% | 9.10% | 4.67% | 0.00% | 0.00% | 0.00% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.06% | 4.88% | 4.30% | 5.22% | 5.23% | 5.98% | 8.32% | 5.78% | 5.77% | 4.36% | 5.50% | 4.81% |
Drawdowns
HMSIX vs. MLPX - Drawdown Comparison
The maximum HMSIX drawdown since its inception was -68.43%, roughly equal to the maximum MLPX drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for HMSIX and MLPX.
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Drawdown Indicators
| HMSIX | MLPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.43% | -70.67% | +2.24% |
Max Drawdown (1Y)Largest decline over 1 year | -15.22% | -14.92% | -0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -21.17% | -19.72% | -1.45% |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.70% | — |
Current DrawdownCurrent decline from peak | -0.91% | -2.01% | +1.10% |
Average DrawdownAverage peak-to-trough decline | -12.47% | -16.81% | +4.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.07% | 4.81% | +4.26% |
Volatility
HMSIX vs. MLPX - Volatility Comparison
Hennessy Midstream Fund (HMSIX) has a higher volatility of 4.23% compared to Global X MLP & Energy Infrastructure ETF (MLPX) at 3.63%. This indicates that HMSIX'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
| HMSIX | MLPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 3.63% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 10.22% | 10.35% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.24% | 18.88% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.26% | 20.00% | +0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.62% | 26.59% | +3.03% |