MLPIX vs. MLPA
MLPIX (ProFunds Mid Cap Value Fund) and MLPA (Global X MLP ETF) are both funds - MLPIX is a Mid Cap Value Equities fund managed by ProFunds, while MLPA is a MLPs fund tracking the Solactive MLP Infrastructure Index. Over the past 10 years, MLPIX returned 8.80%/yr vs 6.42%/yr for MLPA. Their 0.52 correlation means they have sometimes moved together and sometimes differently. MLPIX charges 1.78%/yr vs 0.77%/yr for MLPA.
Performance
MLPIX vs. MLPA - Performance Comparison
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Returns By Period
In the year-to-date period, MLPIX achieves a 12.01% return, which is significantly lower than MLPA's 21.44% return. Over the past 10 years, MLPIX has outperformed MLPA with an annualized return of 8.80%, while MLPA has yielded a comparatively lower 6.42% annualized return.
MLPIX
- 1D
- -0.24%
- 1M
- 0.58%
- 6M
- 7.04%
- YTD
- 12.01%
- 1Y
- 20.77%
- 3Y*
- 9.94%
- 5Y*
- 7.24%
- 10Y*
- 8.80%
- ALL TIME*
- 7.53%
MLPA
- 1D
- -0.32%
- 1M
- 5.94%
- 6M
- 15.20%
- YTD
- 21.44%
- 1Y
- 20.55%
- 3Y*
- 17.62%
- 5Y*
- 18.96%
- 10Y*
- 6.42%
- ALL TIME*
- 4.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
MLPA Global X MLP ETF | $13.39M | $11.22M | $11.17M |
| $0.00 | $0.00 | $0.00 |
MLPIX vs. MLPA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLPIX ProFunds Mid Cap Value Fund | 12.01% | 5.48% | 9.65% | 13.32% | -8.61% | 28.23% | 1.85% | 24.02% | -13.08% | 10.45% |
MLPA Global X MLP ETF | 21.44% | 5.73% | 20.35% | 15.93% | 27.03% | 39.64% | -33.97% | 11.91% | -15.71% | -8.31% |
Correlation
The correlation between MLPIX and MLPA is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.47 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2012 | 0.52 |
Over the past year, the correlation between MLPIX and MLPA has dropped to 0.12 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
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Return for Risk
MLPIX vs. MLPA — Risk / Return Rank
MLPIX
MLPA
MLPIX vs. MLPA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Mid Cap Value Fund (MLPIX) and Global X MLP ETF (MLPA). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MLPIX | MLPA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.67 | -0.90 |
| Martin ratioReturn relative to average drawdown | 6.13 | 7.17 | -1.04 |
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Drawdowns
MLPIX vs. MLPA - Drawdown Comparison
The maximum MLPIX drawdown since its inception was -60.11%, smaller than the maximum MLPA drawdown of -78.75%. Use the drawdown chart below to compare losses from any high point for MLPIX and MLPA.
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Drawdown Indicators
| MLPIX | MLPA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.11% | -78.75% | +18.64% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -7.73% | -2.95% |
Max Drawdown (3Y)Largest decline over 3 years | -23.24% | -14.20% | -9.04% |
Max Drawdown (5Y)Largest decline over 5 years | -23.24% | -18.75% | -4.49% |
Max Drawdown (10Y)Largest decline over 10 years | -45.96% | -74.05% | +28.09% |
Current DrawdownCurrent decline from peak | -1.26% | -0.32% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -9.31% | -20.08% | +10.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 2.87% | +0.20% |
Volatility
MLPIX vs. MLPA - Volatility Comparison
The current volatility for ProFunds Mid Cap Value Fund (MLPIX) is 3.37%, while Global X MLP ETF (MLPA) has a volatility of 4.13%. This indicates that MLPIX experiences smaller price fluctuations and is considered to be less risky than MLPA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLPIX | MLPA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 4.13% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 10.29% | 9.71% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.86% | 12.37% | +2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.28% | 17.72% | +1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.32% | 27.39% | -6.07% |
MLPIX vs. MLPA - Expense Ratio Comparison
MLPIX has a 1.78% expense ratio, which is higher than MLPA's 0.77% expense ratio.
Dividends
MLPIX vs. MLPA - Dividend Comparison
MLPIX's dividend yield for the trailing twelve months is around 0.42%, less than MLPA's 6.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPA Global X MLP ETF | 6.95% | 7.82% | 7.25% | 7.49% | 7.30% | 8.72% | 13.84% | 9.09% | 10.00% | 8.05% | 7.15% | 9.29% |
MLPIX ProFunds Mid Cap Value Fund | 0.42% | 0.47% | 0.00% | 0.00% | 0.00% | 0.89% | 0.22% | 0.40% | 3.92% | 10.95% | 0.56% | 0.00% |
Frequently Asked Questions
MLPIX and MLPA have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MLPA has higher volatility (4.13%) compared to MLPIX (3.37%). In terms of maximum drawdown, MLPIX dropped -60.11% vs MLPA's -78.75%.
MLPA currently has the higher Sharpe Ratio (1.67 vs 1.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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