IYE vs. MLPX
Compare and contrast key facts about iShares U.S. Energy ETF (IYE) and Global X MLP & Energy Infrastructure ETF (MLPX).
IYE and MLPX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IYE is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Oil & Gas Index. It was launched on Jun 12, 2000. 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. Both IYE and MLPX 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: IYE or MLPX.
Performance
IYE vs. MLPX - Performance Comparison
Returns By Period
In the year-to-date period, IYE achieves a 15.04% return, which is significantly lower than MLPX's 44.18% return. Over the past 10 years, IYE has underperformed MLPX with an annualized return of 3.75%, while MLPX has yielded a comparatively higher 6.20% annualized return.
IYE
15.04%
5.00%
1.40%
17.29%
13.93%
3.75%
MLPX
44.18%
7.81%
24.89%
50.14%
19.42%
6.20%
Key characteristics
| IYE | MLPX | |
|---|---|---|
| Sharpe Ratio | 0.86 | 3.50 |
| Sortino Ratio | 1.26 | 4.74 |
| Omega Ratio | 1.16 | 1.59 |
| Calmar Ratio | 1.10 | 7.60 |
| Martin Ratio | 2.88 | 27.48 |
| Ulcer Index | 5.25% | 1.77% |
| Daily Std Dev | 17.47% | 13.90% |
| Max Drawdown | -73.85% | -70.59% |
| Current Drawdown | -1.42% | 0.00% |
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IYE vs. MLPX - Expense Ratio Comparison
IYE has a 0.42% expense ratio, which is lower than MLPX's 0.45% expense ratio.
Correlation
The correlation between IYE and MLPX is 0.81, 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.
Risk-Adjusted Performance
IYE vs. MLPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Energy ETF (IYE) 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
IYE vs. MLPX - Dividend Comparison
IYE's dividend yield for the trailing twelve months is around 2.62%, less than MLPX's 4.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYE iShares U.S. Energy ETF | 2.62% | 2.99% | 3.37% | 2.98% | 4.75% | 6.60% | 3.15% | 2.66% | 2.11% | 3.39% | 2.05% | 1.54% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.17% | 5.22% | 5.23% | 5.98% | 8.33% | 5.78% | 5.98% | 4.37% | 5.52% | 4.82% | 2.16% | 0.67% |
Drawdowns
IYE vs. MLPX - Drawdown Comparison
The maximum IYE drawdown since its inception was -73.85%, roughly equal to the maximum MLPX drawdown of -70.59%. Use the drawdown chart below to compare losses from any high point for IYE and MLPX. For additional features, visit the drawdowns tool.
Volatility
IYE vs. MLPX - Volatility Comparison
iShares U.S. Energy ETF (IYE) and Global X MLP & Energy Infrastructure ETF (MLPX) have volatilities of 4.64% and 4.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.