MLPP.L vs. IWD
Compare and contrast key facts about Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPP.L) and iShares Russell 1000 Value ETF (IWD).
MLPP.L and IWD 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. IWD is a passively managed fund by iShares that tracks the performance of the Russell 1000 Value Index. It was launched on May 22, 2000. Both MLPP.L and IWD 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 IWD.
Key characteristics
| MLPP.L | IWD | |
|---|---|---|
| YTD Return | 19.16% | 19.63% |
| 1Y Return | 17.61% | 32.36% |
| 3Y Return (Ann) | 27.85% | 7.50% |
| 5Y Return (Ann) | 19.58% | 10.38% |
| 10Y Return (Ann) | 7.20% | 9.00% |
| Sharpe Ratio | 1.40 | 2.93 |
| Sortino Ratio | 2.02 | 4.14 |
| Omega Ratio | 1.25 | 1.54 |
| Calmar Ratio | 2.18 | 3.77 |
| Martin Ratio | 5.92 | 18.71 |
| Ulcer Index | 3.19% | 1.73% |
| Daily Std Dev | 13.51% | 11.02% |
| Max Drawdown | -71.89% | -60.10% |
| Current Drawdown | 0.00% | -0.74% |
Correlation
The correlation between MLPP.L and IWD is 0.32, 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. IWD - Performance Comparison
The year-to-date returns for both investments are quite close, with MLPP.L having a 19.16% return and IWD slightly higher at 19.63%. Over the past 10 years, MLPP.L has underperformed IWD with an annualized return of 7.20%, while IWD has yielded a comparatively higher 9.00% 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. IWD - Expense Ratio Comparison
MLPP.L has a 0.50% expense ratio, which is higher than IWD's 0.19% expense ratio.
Risk-Adjusted Performance
MLPP.L vs. IWD - 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 Russell 1000 Value ETF (IWD). 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. IWD - Dividend Comparison
MLPP.L's dividend yield for the trailing twelve months is around 8.09%, more than IWD's 1.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPP.L Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) | 8.09% | 10.96% | 9.61% | 11.58% | 15.08% | 12.89% | 12.65% | 11.00% | 10.02% | 15.00% | 10.28% | 4.23% |
IWD iShares Russell 1000 Value ETF | 1.77% | 2.02% | 2.15% | 1.62% | 2.05% | 2.45% | 2.71% | 2.09% | 2.25% | 2.47% | 2.00% | 1.95% |
Drawdowns
MLPP.L vs. IWD - Drawdown Comparison
The maximum MLPP.L drawdown since its inception was -71.89%, which is greater than IWD's maximum drawdown of -60.10%. Use the drawdown chart below to compare losses from any high point for MLPP.L and IWD. For additional features, visit the drawdowns tool.
Volatility
MLPP.L vs. IWD - Volatility Comparison
The current volatility for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPP.L) is 3.13%, while iShares Russell 1000 Value ETF (IWD) has a volatility of 3.74%. This indicates that MLPP.L experiences smaller price fluctuations and is considered to be less risky than IWD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.