MLPR vs. CEFD
Compare and contrast key facts about ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) and ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD).
MLPR and CEFD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MLPR is a passively managed fund by UBS that tracks the performance of the Alerian MLP Index (150%). It was launched on Jun 2, 2020. CEFD is a passively managed fund by UBS that tracks the performance of the S-Network Composite Closed-End Fund Index (150%). It was launched on Jun 2, 2020. Both MLPR and CEFD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
MLPR vs. CEFD - Performance Comparison
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MLPR vs. CEFD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 24.29% | 9.83% | 31.57% | 35.87% | 41.04% | 57.33% | -9.51% |
CEFD ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN | -5.27% | 14.15% | 20.06% | 8.36% | -28.93% | 22.09% | 21.81% |
Returns By Period
In the year-to-date period, MLPR achieves a 24.29% return, which is significantly higher than CEFD's -5.27% return.
MLPR
- 1D
- -1.21%
- 1M
- 1.32%
- YTD
- 24.29%
- 6M
- 30.59%
- 1Y
- 15.78%
- 3Y*
- 32.28%
- 5Y*
- 32.14%
- 10Y*
- —
CEFD
- 1D
- 4.24%
- 1M
- -8.24%
- YTD
- -5.27%
- 6M
- -4.15%
- 1Y
- 8.28%
- 3Y*
- 11.04%
- 5Y*
- 2.39%
- 10Y*
- —
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MLPR vs. CEFD - Expense Ratio Comparison
Both MLPR and CEFD have an expense ratio of 0.95%.
Return for Risk
MLPR vs. CEFD — Risk / Return Rank
MLPR
CEFD
MLPR vs. CEFD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) and ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD). 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.
| MLPR | CEFD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.57 | 0.40 | +0.16 |
Sortino ratioReturn per unit of downside risk | 0.86 | 0.68 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.12 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.62 | 0.51 | +0.11 |
Martin ratioReturn relative to average drawdown | 1.44 | 2.32 | -0.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MLPR | CEFD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 0.40 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.09 | 0.13 | +0.96 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.41 | +0.52 |
Correlation
The correlation between MLPR and CEFD is 0.45, 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.
Dividends
MLPR vs. CEFD - Dividend Comparison
MLPR's dividend yield for the trailing twelve months is around 9.14%, less than CEFD's 16.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 9.14% | 10.85% | 9.57% | 10.08% | 7.49% | 10.69% | 4.21% |
CEFD ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN | 16.09% | 14.88% | 13.90% | 14.76% | 16.56% | 10.31% | 5.37% |
Drawdowns
MLPR vs. CEFD - Drawdown Comparison
The maximum MLPR drawdown since its inception was -48.98%, which is greater than CEFD's maximum drawdown of -36.95%. Use the drawdown chart below to compare losses from any high point for MLPR and CEFD.
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Drawdown Indicators
| MLPR | CEFD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.98% | -36.95% | -12.03% |
Max Drawdown (1Y)Largest decline over 1 year | -24.45% | -16.13% | -8.32% |
Max Drawdown (5Y)Largest decline over 5 years | -28.66% | -36.95% | +8.29% |
Current DrawdownCurrent decline from peak | -4.17% | -8.80% | +4.63% |
Average DrawdownAverage peak-to-trough decline | -9.09% | -12.02% | +2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.53% | 3.56% | +6.97% |
Volatility
MLPR vs. CEFD - Volatility Comparison
The current volatility for ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) is 4.93%, while ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) has a volatility of 8.66%. This indicates that MLPR experiences smaller price fluctuations and is considered to be less risky than CEFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLPR | CEFD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 8.66% | -3.73% |
Volatility (6M)Calculated over the trailing 6-month period | 14.06% | 10.82% | +3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.04% | 20.62% | +7.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.60% | 17.83% | +11.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.01% | 17.40% | +16.61% |