MLPB vs. MLPX
Compare and contrast key facts about ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) and Global X MLP & Energy Infrastructure ETF (MLPX).
MLPB and MLPX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MLPB is a passively managed fund by UBS that tracks the performance of the Alerian MLP Infrastructure Index. It was launched on Oct 8, 2015. MLPX is a passively managed fund by Global X that tracks the performance of the Solactive MLP & Energy Infrastructure Index. It was launched on Aug 7, 2013. Both MLPB and MLPX 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: MLPB or MLPX.
Correlation
The correlation between MLPB and MLPX is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MLPB vs. MLPX - Performance Comparison
Key characteristics
MLPB:
0.37
MLPX:
1.05
MLPB:
0.58
MLPX:
1.37
MLPB:
1.08
MLPX:
1.20
MLPB:
0.55
MLPX:
1.44
MLPB:
2.04
MLPX:
5.81
MLPB:
3.33%
MLPX:
3.59%
MLPB:
18.43%
MLPX:
19.92%
MLPB:
-69.03%
MLPX:
-70.59%
MLPB:
-12.28%
MLPX:
-14.50%
Returns By Period
In the year-to-date period, MLPB achieves a -0.61% return, which is significantly higher than MLPX's -5.12% return.
MLPB
-0.61%
-8.13%
3.27%
7.09%
34.33%
N/A
MLPX
-5.12%
-6.71%
2.63%
21.62%
33.40%
5.80%
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MLPB vs. MLPX - Expense Ratio Comparison
MLPB has a 0.85% expense ratio, which is higher than MLPX's 0.45% expense ratio.
Risk-Adjusted Performance
MLPB vs. MLPX — Risk-Adjusted Performance Rank
MLPB
MLPX
MLPB vs. MLPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) and Global X MLP & Energy Infrastructure ETF (MLPX). 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
MLPB vs. MLPX - Dividend Comparison
MLPB's dividend yield for the trailing twelve months is around 6.19%, more than MLPX's 4.74% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B | 6.19% | 5.95% | 6.37% | 6.00% | 6.98% | 11.93% | 7.97% | 8.10% | 0.00% | 0.00% | 0.00% | 0.00% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.74% | 4.30% | 5.22% | 5.23% | 5.98% | 8.32% | 5.78% | 5.98% | 4.36% | 5.50% | 4.81% | 2.15% |
Drawdowns
MLPB vs. MLPX - Drawdown Comparison
The maximum MLPB drawdown since its inception was -69.03%, roughly equal to the maximum MLPX drawdown of -70.59%. Use the drawdown chart below to compare losses from any high point for MLPB and MLPX. For additional features, visit the drawdowns tool.
Volatility
MLPB vs. MLPX - Volatility Comparison
ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) and Global X MLP & Energy Infrastructure ETF (MLPX) have volatilities of 10.75% and 11.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.