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MLPA vs. XYLD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between MLPA and XYLD is 0.39, 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.


-0.50.00.51.00.4

Performance

MLPA vs. XYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MLP ETF (MLPA) and Global X S&P 500 Covered Call ETF (XYLD). The values are adjusted to include any dividend payments, if applicable.

20.00%40.00%60.00%80.00%100.00%120.00%140.00%JulyAugustSeptemberOctoberNovemberDecember
30.17%
143.12%
MLPA
XYLD

Key characteristics

Sharpe Ratio

MLPA:

1.50

XYLD:

2.88

Sortino Ratio

MLPA:

2.16

XYLD:

3.99

Omega Ratio

MLPA:

1.26

XYLD:

1.77

Calmar Ratio

MLPA:

2.12

XYLD:

3.94

Martin Ratio

MLPA:

8.07

XYLD:

25.87

Ulcer Index

MLPA:

2.38%

XYLD:

0.79%

Daily Std Dev

MLPA:

12.82%

XYLD:

7.09%

Max Drawdown

MLPA:

-78.74%

XYLD:

-33.46%

Current Drawdown

MLPA:

-7.17%

XYLD:

0.00%

Returns By Period

The year-to-date returns for both investments are quite close, with MLPA having a 18.96% return and XYLD slightly higher at 19.26%. Over the past 10 years, MLPA has underperformed XYLD with an annualized return of 1.65%, while XYLD has yielded a comparatively higher 7.07% annualized return.


MLPA

YTD

18.96%

1M

-1.57%

6M

6.67%

1Y

18.58%

5Y*

10.23%

10Y*

1.65%

XYLD

YTD

19.26%

1M

2.75%

6M

11.45%

1Y

19.65%

5Y*

6.78%

10Y*

7.07%

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MLPA vs. XYLD - Expense Ratio Comparison

MLPA has a 0.46% expense ratio, which is lower than XYLD's 0.60% expense ratio.


XYLD
Global X S&P 500 Covered Call ETF
Expense ratio chart for XYLD: current value at 0.60% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.60%
Expense ratio chart for MLPA: current value at 0.46% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.46%

Risk-Adjusted Performance

MLPA vs. XYLD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MLP ETF (MLPA) and Global X S&P 500 Covered Call ETF (XYLD). 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.


Sharpe ratio
The chart of Sharpe ratio for MLPA, currently valued at 1.50, compared to the broader market0.002.004.001.502.88
The chart of Sortino ratio for MLPA, currently valued at 2.16, compared to the broader market-2.000.002.004.006.008.0010.002.163.99
The chart of Omega ratio for MLPA, currently valued at 1.26, compared to the broader market0.501.001.502.002.503.001.261.77
The chart of Calmar ratio for MLPA, currently valued at 2.12, compared to the broader market0.005.0010.0015.002.123.94
The chart of Martin ratio for MLPA, currently valued at 8.07, compared to the broader market0.0020.0040.0060.0080.00100.008.0725.87
MLPA
XYLD

The current MLPA Sharpe Ratio is 1.50, which is lower than the XYLD Sharpe Ratio of 2.88. The chart below compares the historical Sharpe Ratios of MLPA and XYLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
1.50
2.88
MLPA
XYLD

Dividends

MLPA vs. XYLD - Dividend Comparison

MLPA's dividend yield for the trailing twelve months is around 7.33%, less than XYLD's 9.16% yield.


TTM20232022202120202019201820172016201520142013
MLPA
Global X MLP ETF
7.33%7.49%7.30%8.72%13.85%9.11%10.03%8.07%7.16%9.29%5.80%5.62%
XYLD
Global X S&P 500 Covered Call ETF
9.16%10.51%13.44%9.08%7.93%5.75%7.12%4.67%3.24%4.65%4.15%2.49%

Drawdowns

MLPA vs. XYLD - Drawdown Comparison

The maximum MLPA drawdown since its inception was -78.74%, which is greater than XYLD's maximum drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for MLPA and XYLD. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-7.17%
0
MLPA
XYLD

Volatility

MLPA vs. XYLD - Volatility Comparison

Global X MLP ETF (MLPA) has a higher volatility of 5.21% compared to Global X S&P 500 Covered Call ETF (XYLD) at 1.98%. This indicates that MLPA's price experiences larger fluctuations and is considered to be riskier than XYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
5.21%
1.98%
MLPA
XYLD
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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