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.
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
Key characteristics
HMSIX:
2.84
MLPX:
3.09
HMSIX:
3.63
MLPX:
3.83
HMSIX:
1.50
MLPX:
1.53
HMSIX:
4.66
MLPX:
5.36
HMSIX:
15.81
MLPX:
19.15
HMSIX:
2.85%
MLPX:
2.65%
HMSIX:
15.91%
MLPX:
16.49%
HMSIX:
-67.20%
MLPX:
-70.59%
HMSIX:
-3.52%
MLPX:
-6.18%
Returns By Period
In the year-to-date period, HMSIX achieves a 7.14% return, which is significantly higher than MLPX's 4.11% return.
HMSIX
7.14%
0.07%
22.56%
41.14%
18.04%
N/A
MLPX
4.11%
-2.37%
20.91%
47.33%
19.38%
6.77%
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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 Rank
HMSIX
MLPX
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 7.24%, more than MLPX's 4.32% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMSIX Hennessy Midstream Fund | 7.24% | 7.76% | 9.72% | 10.86% | 12.63% | 15.20% | 9.12% | 2.34% | 0.00% | 0.00% | 0.00% | 0.00% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.32% | 4.30% | 5.22% | 5.23% | 5.98% | 8.33% | 5.78% | 5.98% | 4.37% | 5.52% | 4.82% | 2.16% |
Drawdowns
HMSIX vs. MLPX - Drawdown Comparison
The maximum HMSIX drawdown since its inception was -67.20%, roughly equal to the maximum MLPX drawdown of -70.59%. 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 7.23%, while Global X MLP & Energy Infrastructure ETF (MLPX) has a volatility of 7.81%. 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.