MLPP.L vs. MLPX
Compare and contrast key facts about Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPP.L) and Global X MLP & Energy Infrastructure ETF (MLPX).
MLPP.L and MLPX 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. MLPX is a passively managed fund by Global X that tracks the performance of the Solactive MLP & Energy Infrastructure Index. It was launched on Aug 7, 2013. Both MLPP.L and MLPX 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 MLPX.
Key characteristics
| MLPP.L | MLPX | |
|---|---|---|
| YTD Return | 18.79% | 44.14% |
| 1Y Return | 17.12% | 51.50% |
| 3Y Return (Ann) | 27.75% | 24.24% |
| 5Y Return (Ann) | 19.51% | 19.59% |
| 10Y Return (Ann) | 7.16% | 6.36% |
| Sharpe Ratio | 1.27 | 3.75 |
| Sortino Ratio | 1.85 | 5.04 |
| Omega Ratio | 1.22 | 1.64 |
| Calmar Ratio | 1.99 | 8.14 |
| Martin Ratio | 5.40 | 29.48 |
| Ulcer Index | 3.19% | 1.77% |
| Daily Std Dev | 13.54% | 13.89% |
| Max Drawdown | -71.89% | -70.59% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between MLPP.L and MLPX is 0.51, 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
MLPP.L vs. MLPX - Performance Comparison
In the year-to-date period, MLPP.L achieves a 18.79% return, which is significantly lower than MLPX's 44.14% return. Over the past 10 years, MLPP.L has outperformed MLPX with an annualized return of 7.16%, while MLPX has yielded a comparatively lower 6.36% 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. MLPX - Expense Ratio Comparison
MLPP.L has a 0.50% expense ratio, which is higher than MLPX's 0.45% expense ratio.
Risk-Adjusted Performance
MLPP.L vs. MLPX - 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 Global X MLP & Energy Infrastructure ETF (MLPX). 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. MLPX - Dividend Comparison
MLPP.L's dividend yield for the trailing twelve months is around 8.11%, more than MLPX's 4.17% 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% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.17% | 5.22% | 5.23% | 5.98% | 8.33% | 5.78% | 5.98% | 4.37% | 5.52% | 4.82% | 2.16% | 0.67% |
Drawdowns
MLPP.L vs. MLPX - Drawdown Comparison
The maximum MLPP.L drawdown since its inception was -71.89%, roughly equal to the maximum MLPX drawdown of -70.59%. Use the drawdown chart below to compare losses from any high point for MLPP.L and MLPX. For additional features, visit the drawdowns tool.
Volatility
MLPP.L vs. MLPX - Volatility Comparison
The current volatility for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPP.L) is 3.04%, while Global X MLP & Energy Infrastructure ETF (MLPX) has a volatility of 4.59%. This indicates that MLPP.L experiences smaller price fluctuations and is considered to be less risky than MLPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.