MLOZX vs. GAGEX
Compare and contrast key facts about Cohen & Steers MLP & Energy Opportunity Fund, Inc. (MLOZX) and Guinness Atkinson Global Energy Fund (GAGEX).
MLOZX is managed by Cohen & Steers. It was launched on Dec 19, 2013. GAGEX is managed by Guinness Atkinson. It was launched on Jun 29, 2004.
Performance
MLOZX vs. GAGEX - Performance Comparison
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MLOZX vs. GAGEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLOZX Cohen & Steers MLP & Energy Opportunity Fund, Inc. | 28.28% | 17.35% | 12.16% | 10.49% | 21.10% | 39.09% | -26.70% | 12.62% | -13.43% | 0.33% |
GAGEX Guinness Atkinson Global Energy Fund | 37.85% | 16.88% | -1.75% | 2.66% | 34.32% | 45.96% | -34.12% | 10.45% | -18.96% | -1.04% |
Returns By Period
In the year-to-date period, MLOZX achieves a 28.28% return, which is significantly lower than GAGEX's 37.85% return. Over the past 10 years, MLOZX has outperformed GAGEX with an annualized return of 11.92%, while GAGEX has yielded a comparatively lower 8.75% annualized return.
MLOZX
- 1D
- 0.32%
- 1M
- 5.97%
- YTD
- 28.28%
- 6M
- 32.61%
- 1Y
- 50.15%
- 3Y*
- 22.84%
- 5Y*
- 21.07%
- 10Y*
- 11.92%
GAGEX
- 1D
- -0.62%
- 1M
- 10.00%
- YTD
- 37.85%
- 6M
- 40.91%
- 1Y
- 46.83%
- 3Y*
- 19.07%
- 5Y*
- 20.53%
- 10Y*
- 8.75%
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MLOZX vs. GAGEX - Expense Ratio Comparison
MLOZX has a 0.90% expense ratio, which is lower than GAGEX's 1.46% expense ratio.
Return for Risk
MLOZX vs. GAGEX — Risk / Return Rank
MLOZX
GAGEX
MLOZX vs. GAGEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers MLP & Energy Opportunity Fund, Inc. (MLOZX) and Guinness Atkinson Global Energy Fund (GAGEX). 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.
| MLOZX | GAGEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.59 | 2.22 | +0.37 |
Sortino ratioReturn per unit of downside risk | 3.10 | 2.71 | +0.39 |
Omega ratioGain probability vs. loss probability | 1.51 | 1.40 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 3.14 | 2.63 | +0.51 |
Martin ratioReturn relative to average drawdown | 13.97 | 9.38 | +4.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MLOZX | GAGEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.59 | 2.22 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.16 | 0.88 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.32 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.25 | +0.02 |
Correlation
The correlation between MLOZX and GAGEX is 0.79, 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.
Dividends
MLOZX vs. GAGEX - Dividend Comparison
MLOZX's dividend yield for the trailing twelve months is around 1.09%, less than GAGEX's 2.05% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLOZX Cohen & Steers MLP & Energy Opportunity Fund, Inc. | 1.09% | 1.71% | 10.24% | 4.61% | 3.66% | 3.08% | 6.57% | 6.21% | 4.44% | 3.86% | 3.72% | 6.05% |
GAGEX Guinness Atkinson Global Energy Fund | 2.05% | 2.82% | 7.08% | 4.33% | 0.15% | 2.59% | 3.59% | 1.91% | 1.72% | 1.40% | 1.13% | 1.33% |
Drawdowns
MLOZX vs. GAGEX - Drawdown Comparison
The maximum MLOZX drawdown since its inception was -72.01%, smaller than the maximum GAGEX drawdown of -78.90%. Use the drawdown chart below to compare losses from any high point for MLOZX and GAGEX.
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Drawdown Indicators
| MLOZX | GAGEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.01% | -78.90% | +6.89% |
Max Drawdown (1Y)Largest decline over 1 year | -16.08% | -18.43% | +2.35% |
Max Drawdown (5Y)Largest decline over 5 years | -20.84% | -26.42% | +5.58% |
Max Drawdown (10Y)Largest decline over 10 years | -64.94% | -69.98% | +5.04% |
Current DrawdownCurrent decline from peak | -0.24% | -0.71% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -20.91% | -29.42% | +8.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 5.18% | -1.56% |
Volatility
MLOZX vs. GAGEX - Volatility Comparison
The current volatility for Cohen & Steers MLP & Energy Opportunity Fund, Inc. (MLOZX) is 4.27%, while Guinness Atkinson Global Energy Fund (GAGEX) has a volatility of 4.61%. This indicates that MLOZX experiences smaller price fluctuations and is considered to be less risky than GAGEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLOZX | GAGEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 4.61% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 10.97% | 12.36% | -1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.98% | 21.53% | -1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.26% | 23.56% | -5.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.16% | 27.31% | -3.15% |