MLPA vs. IWY
Compare and contrast key facts about Global X MLP ETF (MLPA) and iShares Russell Top 200 Growth ETF (IWY).
MLPA and IWY 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. IWY is a passively managed fund by iShares that tracks the performance of the Russell Top 200 Growth Index. It was launched on Sep 22, 2009. Both MLPA and IWY 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 IWY.
Key characteristics
| MLPA | IWY | |
|---|---|---|
| YTD Return | 17.45% | 32.87% |
| 1Y Return | 18.71% | 41.96% |
| 3Y Return (Ann) | 17.73% | 11.84% |
| 5Y Return (Ann) | 11.09% | 21.41% |
| 10Y Return (Ann) | 1.07% | 17.82% |
| Sharpe Ratio | 1.55 | 2.59 |
| Sortino Ratio | 2.23 | 3.31 |
| Omega Ratio | 1.27 | 1.47 |
| Calmar Ratio | 1.92 | 3.24 |
| Martin Ratio | 7.89 | 12.33 |
| Ulcer Index | 2.42% | 3.64% |
| Daily Std Dev | 12.34% | 17.26% |
| Max Drawdown | -78.74% | -32.68% |
| Current Drawdown | -0.70% | -0.15% |
Correlation
The correlation between MLPA and IWY is 0.34, 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
MLPA vs. IWY - Performance Comparison
In the year-to-date period, MLPA achieves a 17.45% return, which is significantly lower than IWY's 32.87% return. Over the past 10 years, MLPA has underperformed IWY with an annualized return of 1.07%, while IWY has yielded a comparatively higher 17.82% 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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MLPA vs. IWY - Expense Ratio Comparison
MLPA has a 0.46% expense ratio, which is higher than IWY's 0.20% expense ratio.
Risk-Adjusted Performance
MLPA vs. IWY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MLP ETF (MLPA) and iShares Russell Top 200 Growth ETF (IWY). 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. IWY - Dividend Comparison
MLPA's dividend yield for the trailing twelve months is around 7.42%, more than IWY's 0.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPA Global X MLP ETF | 7.42% | 7.49% | 7.30% | 8.72% | 13.85% | 9.11% | 10.03% | 8.07% | 7.16% | 9.29% | 5.80% | 5.62% |
IWY iShares Russell Top 200 Growth ETF | 0.49% | 0.68% | 0.88% | 0.50% | 0.71% | 1.06% | 1.32% | 1.26% | 1.51% | 1.58% | 1.44% | 1.56% |
Drawdowns
MLPA vs. IWY - Drawdown Comparison
The maximum MLPA drawdown since its inception was -78.74%, which is greater than IWY's maximum drawdown of -32.68%. Use the drawdown chart below to compare losses from any high point for MLPA and IWY. For additional features, visit the drawdowns tool.
Volatility
MLPA vs. IWY - Volatility Comparison
The current volatility for Global X MLP ETF (MLPA) is 3.54%, while iShares Russell Top 200 Growth ETF (IWY) has a volatility of 5.27%. This indicates that MLPA experiences smaller price fluctuations and is considered to be less risky than IWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.