MLPP.L vs. CIF.TO
Compare and contrast key facts about Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPP.L) and iShares Global Infrastructure Index ETF (CIF.TO).
MLPP.L and CIF.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MLPP.L is a passively managed fund by Invesco that tracks the performance of the MSCI World/Energy NR USD. It was launched on May 15, 2013. CIF.TO is a passively managed fund by iShares that tracks the performance of the Manulife Investment Management Global Infrastructure Index. It was launched on Aug 27, 2008. Both MLPP.L and CIF.TO 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: MLPP.L or CIF.TO.
Key characteristics
| MLPP.L | CIF.TO | |
|---|---|---|
| YTD Return | 18.79% | 33.91% |
| 1Y Return | 17.12% | 42.89% |
| 3Y Return (Ann) | 27.75% | 17.14% |
| 5Y Return (Ann) | 19.51% | 14.64% |
| 10Y Return (Ann) | 7.16% | 10.68% |
| Sharpe Ratio | 1.27 | 4.11 |
| Sortino Ratio | 1.85 | 5.97 |
| Omega Ratio | 1.22 | 1.79 |
| Calmar Ratio | 1.99 | 9.35 |
| Martin Ratio | 5.40 | 27.05 |
| Ulcer Index | 3.19% | 1.65% |
| Daily Std Dev | 13.54% | 10.81% |
| Max Drawdown | -71.89% | -42.37% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between MLPP.L and CIF.TO is 0.38, 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.
Performance
MLPP.L vs. CIF.TO - Performance Comparison
In the year-to-date period, MLPP.L achieves a 18.79% return, which is significantly lower than CIF.TO's 33.91% return. Over the past 10 years, MLPP.L has underperformed CIF.TO with an annualized return of 7.16%, while CIF.TO has yielded a comparatively higher 10.68% annualized 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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MLPP.L vs. CIF.TO - Expense Ratio Comparison
MLPP.L has a 0.50% expense ratio, which is lower than CIF.TO's 0.72% expense ratio.
Risk-Adjusted Performance
MLPP.L vs. CIF.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPP.L) and iShares Global Infrastructure Index ETF (CIF.TO). 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
MLPP.L vs. CIF.TO - Dividend Comparison
MLPP.L's dividend yield for the trailing twelve months is around 8.11%, more than CIF.TO's 2.84% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPP.L Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) | 8.11% | 10.96% | 9.61% | 11.58% | 15.08% | 12.89% | 12.65% | 11.00% | 10.02% | 15.00% | 10.28% | 4.23% |
CIF.TO iShares Global Infrastructure Index ETF | 2.84% | 2.63% | 2.83% | 2.49% | 2.30% | 2.05% | 2.73% | 2.53% | 2.01% | 2.69% | 6.64% | 4.27% |
Drawdowns
MLPP.L vs. CIF.TO - Drawdown Comparison
The maximum MLPP.L drawdown since its inception was -71.89%, which is greater than CIF.TO's maximum drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for MLPP.L and CIF.TO. For additional features, visit the drawdowns tool.
Volatility
MLPP.L vs. CIF.TO - Volatility Comparison
The current volatility for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPP.L) is 3.04%, while iShares Global Infrastructure Index ETF (CIF.TO) has a volatility of 3.76%. This indicates that MLPP.L experiences smaller price fluctuations and is considered to be less risky than CIF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.