MLPA vs. GRES
Compare and contrast key facts about Global X MLP ETF (MLPA) and IQ Global Resources ETF (GRES).
MLPA and GRES are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MLPA is a passively managed fund by Global X that tracks the performance of the Solactive MLP Infrastructure Index. It was launched on Apr 18, 2012. GRES is a passively managed fund by New York Life that tracks the performance of the IQ Global Resources Index. It was launched on Oct 27, 2009. Both MLPA and GRES 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: MLPA or GRES.
Key characteristics
| MLPA | GRES |
|---|
Correlation
The correlation between MLPA and GRES is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MLPA vs. GRES - Performance Comparison
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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MLPA vs. GRES - Expense Ratio Comparison
MLPA has a 0.46% expense ratio, which is higher than GRES's 0.30% expense ratio.
Risk-Adjusted Performance
MLPA vs. GRES - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MLP ETF (MLPA) and IQ Global Resources ETF (GRES). 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
MLPA vs. GRES - Dividend Comparison
MLPA's dividend yield for the trailing twelve months is around 7.13%, while GRES has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPA Global X MLP ETF | 7.13% | 7.49% | 7.30% | 8.72% | 13.84% | 9.09% | 10.00% | 8.05% | 7.15% | 9.29% | 5.80% | 5.62% |
GRES IQ Global Resources ETF | 1.79% | 4.64% | 1.03% | 0.00% | 9.90% | 1.73% | 0.77% | 0.00% | 0.38% | 0.16% | 1.30% | 1.09% |
Drawdowns
MLPA vs. GRES - Drawdown Comparison
Volatility
MLPA vs. GRES - Volatility Comparison
Global X MLP ETF (MLPA) has a higher volatility of 3.29% compared to IQ Global Resources ETF (GRES) at 0.00%. This indicates that MLPA's price experiences larger fluctuations and is considered to be riskier than GRES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.