MDAA vs. EIPX

Last updated Jun 4, 2026

MDAA (Myriad Dynamic Asset Allocation ETF) and EIPX (FT Energy Income Partners Strategy ETF) are both exchange-traded funds - MDAA is a Diversified Portfolio fund actively managed by Myriad, while EIPX is a Energy Equities fund actively managed by First Trust. Both are actively managed. At a 0.10 correlation, their price movements are largely independent. MDAA charges 0.97%/yr vs 0.95%/yr for EIPX.

Performance

MDAA vs. EIPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Myriad Dynamic Asset Allocation ETF (MDAA) and FT Energy Income Partners Strategy ETF (EIPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with MDAA having a 22.13% return and EIPX slightly lower at 21.96%.

MDAA

• 1D: -1.11%
• 1M: 8.24%
• YTD: 22.13%
• 6M: 22.52%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EIPX

• 1D: 0.19%
• 1M: -2.12%
• YTD: 21.96%
• 6M: 19.46%
• 1Y: 30.04%
• 3Y*: 21.12%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MDAA vs. EIPX - Yearly Performance Comparison

	2026 (YTD)	2025
MDAA Myriad Dynamic Asset Allocation ETF	22.13%	-0.27%
EIPX FT Energy Income Partners Strategy ETF	21.96%	1.71%

Correlation

The correlation between MDAA and EIPX is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 6, 2025	0.10

Return for Risk

MDAA vs. EIPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EIPX

EIPX Risk / Return Rank: 86
EIPX Sharpe Ratio Rank: 83
EIPX Sortino Ratio Rank: 85
EIPX Omega Ratio Rank: 77
EIPX Calmar Ratio Rank: 94
EIPX Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MDAA vs. EIPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Myriad Dynamic Asset Allocation ETF (MDAA) and FT Energy Income Partners Strategy ETF (EIPX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MDAA	EIPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.47	1.20	+0.27

Drawdowns

MDAA vs. EIPX - Drawdown Comparison

The maximum MDAA drawdown since its inception was -14.59%, smaller than the maximum EIPX drawdown of -15.43%. Use the drawdown chart below to compare losses from any high point for MDAA and EIPX.

Drawdown Indicators

	MDAA	EIPX	Difference
Max Drawdown Largest peak-to-trough decline	-14.59%	-15.43%	+0.84%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.12%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.43%	—
Current Drawdown Current decline from peak	-1.11%	-2.58%	+1.47%
Average Drawdown Average peak-to-trough decline	-2.93%	-2.27%	-0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.49%	—

Volatility

Volatility by Period

	MDAA	EIPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.01%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.50%	—
Volatility (1Y) Calculated over the trailing 1-year period	23.89%	11.17%	+12.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.89%	15.06%	+8.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.89%	15.06%	+8.83%

MDAA vs. EIPX - Expense Ratio Comparison

MDAA has a 0.97% expense ratio, which is higher than EIPX's 0.95% expense ratio.

Dividends

MDAA vs. EIPX - Dividend Comparison

MDAA's dividend yield for the trailing twelve months is around 0.38%, less than EIPX's 2.68% yield.

Position	TTM	2025	2024	2023	2022
EIPX FT Energy Income Partners Strategy ETF	2.68%	3.23%	3.27%	3.48%	0.34%
MDAA Myriad Dynamic Asset Allocation ETF	0.38%	0.46%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MDAA and EIPX in my portfolio?

MDAA and EIPX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MDAA or EIPX?

On fees, EIPX is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MDAA or EIPX?

EIPX is cheaper with a 0.95% expense ratio, compared with 0.97% for MDAA.

Which ETF pays a higher dividend yield, MDAA or EIPX?

EIPX has the higher dividend yield at 2.68%, compared with 0.38% for MDAA.

What is the main difference between MDAA and EIPX?

MDAA is categorized as Diversified Portfolio, while EIPX is Energy Equities. They also come from different issuers: Myriad and First Trust. Their fees differ too: 0.97% for MDAA and 0.95% for EIPX.