MLPA vs. XLE
Compare and contrast key facts about Global X MLP ETF (MLPA) and Energy Select Sector SPDR Fund (XLE).
MLPA and XLE 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. XLE is a passively managed fund by State Street that tracks the performance of the Energy Select Sector Index. It was launched on Dec 16, 1998. Both MLPA and XLE 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 XLE.
Key characteristics
| MLPA | XLE | |
|---|---|---|
| YTD Return | 9.66% | 11.29% |
| 1Y Return | 25.17% | 21.23% |
| 3Y Return (Ann) | 18.93% | 27.24% |
| 5Y Return (Ann) | 7.36% | 12.97% |
| 10Y Return (Ann) | 0.69% | 3.75% |
| Sharpe Ratio | 2.04 | 1.01 |
| Daily Std Dev | 11.71% | 18.77% |
| Max Drawdown | -78.75% | -71.54% |
| Current Drawdown | -2.72% | -5.63% |
Correlation
The correlation between MLPA and XLE is 0.68, 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. XLE - Performance Comparison
In the year-to-date period, MLPA achieves a 9.66% return, which is significantly lower than XLE's 11.29% return. Over the past 10 years, MLPA has underperformed XLE with an annualized return of 0.69%, while XLE has yielded a comparatively higher 3.75% 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. XLE - Expense Ratio Comparison
MLPA has a 0.46% expense ratio, which is higher than XLE's 0.13% expense ratio.
Risk-Adjusted Performance
MLPA vs. XLE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MLP ETF (MLPA) and Energy Select Sector SPDR Fund (XLE). 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. XLE - Dividend Comparison
MLPA's dividend yield for the trailing twelve months is around 7.18%, more than XLE's 3.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPA Global X MLP ETF | 7.18% | 7.49% | 7.30% | 8.72% | 13.84% | 9.09% | 10.00% | 8.05% | 7.15% | 9.29% | 5.80% | 5.62% |
XLE Energy Select Sector SPDR Fund | 3.15% | 3.55% | 3.68% | 4.21% | 5.62% | 5.73% | 3.54% | 3.03% | 2.26% | 3.39% | 2.35% | 1.73% |
Drawdowns
MLPA vs. XLE - Drawdown Comparison
The maximum MLPA drawdown since its inception was -78.75%, which is greater than XLE's maximum drawdown of -71.54%. Use the drawdown chart below to compare losses from any high point for MLPA and XLE. For additional features, visit the drawdowns tool.
Volatility
MLPA vs. XLE - Volatility Comparison
The current volatility for Global X MLP ETF (MLPA) is 3.55%, while Energy Select Sector SPDR Fund (XLE) has a volatility of 4.67%. This indicates that MLPA experiences smaller price fluctuations and is considered to be less risky than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.