IYH vs. MLPX
Compare and contrast key facts about iShares U.S. Healthcare ETF (IYH) and Global X MLP & Energy Infrastructure ETF (MLPX).
IYH and MLPX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IYH is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Health Care 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 IYH 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: IYH or MLPX.
Key characteristics
| IYH | MLPX | |
|---|---|---|
| YTD Return | 3.66% | 8.97% |
| 1Y Return | 10.59% | 27.72% |
| 3Y Return (Ann) | 9.74% | 19.42% |
| 5Y Return (Ann) | 15.88% | 11.16% |
| 10Y Return (Ann) | 16.90% | 4.35% |
| Sharpe Ratio | 0.94 | 1.70 |
| Daily Std Dev | 10.53% | 14.29% |
| Max Drawdown | -41.50% | -70.61% |
| Current Drawdown | -4.39% | -3.11% |
Correlation
The correlation between IYH and MLPX is 0.40, 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
IYH vs. MLPX - Performance Comparison
In the year-to-date period, IYH achieves a 3.66% return, which is significantly lower than MLPX's 8.97% return. Over the past 10 years, IYH has outperformed MLPX with an annualized return of 16.90%, while MLPX has yielded a comparatively lower 4.35% 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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IYH vs. MLPX - Expense Ratio Comparison
IYH has a 0.43% expense ratio, which is lower than MLPX's 0.45% expense ratio.
Risk-Adjusted Performance
IYH vs. MLPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Healthcare ETF (IYH) 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
IYH vs. MLPX - Dividend Comparison
IYH's dividend yield for the trailing twelve months is around 4.68%, less than MLPX's 4.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYH iShares U.S. Healthcare ETF | 4.68% | 5.90% | 5.50% | 4.69% | 5.82% | 5.69% | 9.77% | 5.51% | 6.44% | 10.11% | 5.23% | 5.59% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.96% | 5.22% | 5.23% | 5.98% | 8.32% | 5.78% | 5.98% | 4.36% | 5.50% | 4.81% | 2.15% | 0.68% |
Drawdowns
IYH vs. MLPX - Drawdown Comparison
The maximum IYH drawdown since its inception was -41.50%, smaller than the maximum MLPX drawdown of -70.61%. Use the drawdown chart below to compare losses from any high point for IYH and MLPX. For additional features, visit the drawdowns tool.
Volatility
IYH vs. MLPX - Volatility Comparison
The current volatility for iShares U.S. Healthcare ETF (IYH) is 3.21%, while Global X MLP & Energy Infrastructure ETF (MLPX) has a volatility of 4.10%. This indicates that IYH 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.