MLPB vs. VOO
Compare and contrast key facts about ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) and Vanguard S&P 500 ETF (VOO).
MLPB and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both MLPB and VOO 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 VOO.
Key characteristics
| MLPB | VOO | |
|---|---|---|
| YTD Return | 22.48% | 27.15% |
| 1Y Return | 25.60% | 39.90% |
| 3Y Return (Ann) | 22.20% | 10.28% |
| 5Y Return (Ann) | 14.40% | 16.00% |
| Sharpe Ratio | 1.86 | 3.15 |
| Sortino Ratio | 2.60 | 4.19 |
| Omega Ratio | 1.32 | 1.59 |
| Calmar Ratio | 3.11 | 4.60 |
| Martin Ratio | 9.10 | 21.00 |
| Ulcer Index | 2.79% | 1.85% |
| Daily Std Dev | 13.64% | 12.34% |
| Max Drawdown | -69.03% | -33.99% |
| Current Drawdown | -0.96% | 0.00% |
Correlation
The correlation between MLPB and VOO is 0.45, 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
MLPB vs. VOO - Performance Comparison
In the year-to-date period, MLPB achieves a 22.48% return, which is significantly lower than VOO's 27.15% 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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MLPB vs. VOO - Expense Ratio Comparison
MLPB has a 0.85% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
MLPB vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
MLPB's dividend yield for the trailing twelve months is around 6.10%, more than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B | 6.10% | 6.38% | 6.00% | 6.99% | 11.92% | 7.98% | 8.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
MLPB vs. VOO - Drawdown Comparison
The maximum MLPB drawdown since its inception was -69.03%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for MLPB and VOO. For additional features, visit the drawdowns tool.
Volatility
MLPB vs. VOO - Volatility Comparison
ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) and Vanguard S&P 500 ETF (VOO) have volatilities of 4.01% and 3.95%, 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.