MLPA vs. UMI
Compare and contrast key facts about Global X MLP ETF (MLPA) and USCF Midstream Energy Income Fund ETF (UMI).
MLPA and UMI 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. UMI is an actively managed fund by Wainwright, Inc.. It was launched on Mar 24, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MLPA or UMI.
Key characteristics
| MLPA | UMI | |
|---|---|---|
| YTD Return | 17.45% | 44.20% |
| 1Y Return | 18.71% | 50.65% |
| 3Y Return (Ann) | 17.73% | 24.11% |
| 5Y Return (Ann) | 11.09% | 17.94% |
| Sharpe Ratio | 1.55 | 4.03 |
| Sortino Ratio | 2.23 | 5.46 |
| Omega Ratio | 1.27 | 1.71 |
| Calmar Ratio | 1.92 | 8.88 |
| Martin Ratio | 7.89 | 32.34 |
| Ulcer Index | 2.42% | 1.60% |
| Daily Std Dev | 12.34% | 12.82% |
| Max Drawdown | -78.74% | -48.08% |
| Current Drawdown | -0.70% | 0.00% |
Correlation
The correlation between MLPA and UMI is 0.65, 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. UMI - Performance Comparison
In the year-to-date period, MLPA achieves a 17.45% return, which is significantly lower than UMI's 44.20% 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. UMI - Expense Ratio Comparison
MLPA has a 0.46% expense ratio, which is lower than UMI's 0.85% expense ratio.
Risk-Adjusted Performance
MLPA vs. UMI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MLP ETF (MLPA) and USCF Midstream Energy Income Fund ETF (UMI). 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. UMI - Dividend Comparison
MLPA's dividend yield for the trailing twelve months is around 7.42%, more than UMI's 3.94% 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% |
UMI USCF Midstream Energy Income Fund ETF | 3.94% | 4.67% | 4.78% | 3.37% | 2.18% | 2.47% | 2.48% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MLPA vs. UMI - Drawdown Comparison
The maximum MLPA drawdown since its inception was -78.74%, which is greater than UMI's maximum drawdown of -48.08%. Use the drawdown chart below to compare losses from any high point for MLPA and UMI. For additional features, visit the drawdowns tool.
Volatility
MLPA vs. UMI - Volatility Comparison
The current volatility for Global X MLP ETF (MLPA) is 3.54%, while USCF Midstream Energy Income Fund ETF (UMI) has a volatility of 4.26%. This indicates that MLPA experiences smaller price fluctuations and is considered to be less risky than UMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.