JMLP.DE vs. PGX
Compare and contrast key facts about HANetf Alerian Midstream Energy Dividend UCITS ETF (JMLP.DE) and Invesco Preferred ETF (PGX).
JMLP.DE and PGX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JMLP.DE is a passively managed fund by HANetf that tracks the performance of the Alerian Midstream Energy Dividend. It was launched on Jul 27, 2020. PGX is a passively managed fund by Invesco that tracks the performance of the BofA Merrill Lynch Core Fixed Rate Preferred Securities Index. It was launched on Jan 31, 2008. Both JMLP.DE and PGX 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: JMLP.DE or PGX.
Key characteristics
| JMLP.DE | PGX | |
|---|---|---|
| YTD Return | 42.31% | 11.46% |
| 1Y Return | 43.20% | 19.40% |
| 3Y Return (Ann) | 24.55% | -0.85% |
| Sharpe Ratio | 2.70 | 2.13 |
| Sortino Ratio | 3.70 | 3.06 |
| Omega Ratio | 1.49 | 1.38 |
| Calmar Ratio | 5.99 | 1.03 |
| Martin Ratio | 24.67 | 10.44 |
| Ulcer Index | 1.72% | 1.94% |
| Daily Std Dev | 15.63% | 9.50% |
| Max Drawdown | -19.49% | -66.43% |
| Current Drawdown | 0.00% | -4.07% |
Correlation
The correlation between JMLP.DE and PGX is 0.25, 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
JMLP.DE vs. PGX - Performance Comparison
In the year-to-date period, JMLP.DE achieves a 42.31% return, which is significantly higher than PGX's 11.46% 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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JMLP.DE vs. PGX - Expense Ratio Comparison
JMLP.DE has a 0.40% expense ratio, which is lower than PGX's 0.52% expense ratio.
Risk-Adjusted Performance
JMLP.DE vs. PGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf Alerian Midstream Energy Dividend UCITS ETF (JMLP.DE) and Invesco Preferred ETF (PGX). 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
JMLP.DE vs. PGX - Dividend Comparison
JMLP.DE's dividend yield for the trailing twelve months is around 3.09%, less than PGX's 5.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMLP.DE HANetf Alerian Midstream Energy Dividend UCITS ETF | 3.09% | 7.00% | 8.29% | 7.61% | 4.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PGX Invesco Preferred ETF | 5.77% | 6.42% | 6.29% | 4.82% | 4.89% | 5.30% | 6.08% | 5.66% | 6.02% | 5.84% | 5.98% | 6.78% |
Drawdowns
JMLP.DE vs. PGX - Drawdown Comparison
The maximum JMLP.DE drawdown since its inception was -19.49%, smaller than the maximum PGX drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for JMLP.DE and PGX. For additional features, visit the drawdowns tool.
Volatility
JMLP.DE vs. PGX - Volatility Comparison
HANetf Alerian Midstream Energy Dividend UCITS ETF (JMLP.DE) has a higher volatility of 5.05% compared to Invesco Preferred ETF (PGX) at 3.32%. This indicates that JMLP.DE's price experiences larger fluctuations and is considered to be riskier than PGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.