IWY vs. MLPA
Compare and contrast key facts about iShares Russell Top 200 Growth ETF (IWY) and Global X MLP ETF (MLPA).
IWY and MLPA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWY is a passively managed fund by iShares that tracks the performance of the Russell Top 200 Growth Index. It was launched on Sep 22, 2009. MLPA is a passively managed fund by Global X that tracks the performance of the Solactive MLP Infrastructure Index. It was launched on Apr 18, 2012. Both IWY and MLPA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IWY or MLPA.
Key characteristics
| IWY | MLPA | |
|---|---|---|
| YTD Return | 14.49% | 11.29% |
| 1Y Return | 41.34% | 23.42% |
| 3Y Return (Ann) | 13.49% | 17.27% |
| 5Y Return (Ann) | 20.12% | 6.97% |
| 10Y Return (Ann) | 17.26% | 0.88% |
| Sharpe Ratio | 2.66 | 1.96 |
| Daily Std Dev | 15.55% | 11.25% |
| Max Drawdown | -32.68% | -78.75% |
| Current Drawdown | 0.00% | -1.27% |
Correlation
The correlation between IWY and MLPA is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
IWY vs. MLPA - Performance Comparison
In the year-to-date period, IWY achieves a 14.49% return, which is significantly higher than MLPA's 11.29% return. Over the past 10 years, IWY has outperformed MLPA with an annualized return of 17.26%, while MLPA has yielded a comparatively lower 0.88% annualized 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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IWY vs. MLPA - Expense Ratio Comparison
IWY has a 0.20% expense ratio, which is lower than MLPA's 0.46% expense ratio.
Risk-Adjusted Performance
IWY vs. MLPA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Top 200 Growth ETF (IWY) and Global X MLP ETF (MLPA). 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
IWY vs. MLPA - Dividend Comparison
IWY's dividend yield for the trailing twelve months is around 0.58%, less than MLPA's 7.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWY iShares Russell Top 200 Growth ETF | 0.58% | 0.68% | 0.88% | 0.50% | 0.71% | 1.06% | 1.32% | 1.26% | 1.51% | 1.58% | 1.44% | 1.56% |
MLPA Global X MLP ETF | 7.33% | 7.49% | 7.30% | 8.72% | 13.84% | 9.09% | 10.00% | 8.05% | 7.15% | 9.29% | 5.80% | 5.62% |
Drawdowns
IWY vs. MLPA - Drawdown Comparison
The maximum IWY drawdown since its inception was -32.68%, smaller than the maximum MLPA drawdown of -78.75%. Use the drawdown chart below to compare losses from any high point for IWY and MLPA. For additional features, visit the drawdowns tool.
Volatility
IWY vs. MLPA - Volatility Comparison
iShares Russell Top 200 Growth ETF (IWY) has a higher volatility of 5.06% compared to Global X MLP ETF (MLPA) at 3.50%. This indicates that IWY's price experiences larger fluctuations and is considered to be riskier than MLPA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.