Correlation
The correlation between MLPNX and ^GSPC is 0.49, 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.
MLPNX vs. ^GSPC
Compare and contrast key facts about Invesco SteelPath MLP Alpha Plus Fund (MLPNX) and S&P 500 (^GSPC).
MLPNX is managed by Invesco. It was launched on Dec 29, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MLPNX or ^GSPC.
Performance
MLPNX vs. ^GSPC - Performance Comparison
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Key characteristics
MLPNX:
1.02
^GSPC:
0.66
MLPNX:
1.34
^GSPC:
0.94
MLPNX:
1.19
^GSPC:
1.14
MLPNX:
1.21
^GSPC:
0.60
MLPNX:
4.02
^GSPC:
2.28
MLPNX:
5.91%
^GSPC:
5.01%
MLPNX:
24.56%
^GSPC:
19.77%
MLPNX:
-88.26%
^GSPC:
-56.78%
MLPNX:
-11.27%
^GSPC:
-3.78%
Returns By Period
In the year-to-date period, MLPNX achieves a -0.06% return, which is significantly lower than ^GSPC's 0.51% return. Over the past 10 years, MLPNX has underperformed ^GSPC with an annualized return of 3.14%, while ^GSPC has yielded a comparatively higher 10.85% annualized return.
MLPNX
-0.06%
2.60%
-8.24%
22.80%
23.06%
32.97%
3.14%
^GSPC
0.51%
5.49%
-2.00%
12.02%
12.68%
14.19%
10.85%
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Risk-Adjusted Performance
MLPNX vs. ^GSPC — Risk-Adjusted Performance Rank
MLPNX
^GSPC
MLPNX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco SteelPath MLP Alpha Plus Fund (MLPNX) and S&P 500 (^GSPC). 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.
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Drawdowns
MLPNX vs. ^GSPC - Drawdown Comparison
The maximum MLPNX drawdown since its inception was -88.26%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for MLPNX and ^GSPC.
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Volatility
MLPNX vs. ^GSPC - Volatility Comparison
Invesco SteelPath MLP Alpha Plus Fund (MLPNX) has a higher volatility of 5.85% compared to S&P 500 (^GSPC) at 4.77%. This indicates that MLPNX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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