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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MLPR or CEFD.
Key characteristics
| MLPR | CEFD | |
|---|---|---|
| YTD Return | 24.48% | 24.85% |
| 1Y Return | 31.06% | 40.23% |
| 3Y Return (Ann) | 30.83% | -1.63% |
| Sharpe Ratio | 1.46 | 2.97 |
| Sortino Ratio | 2.04 | 3.82 |
| Omega Ratio | 1.26 | 1.56 |
| Calmar Ratio | 2.46 | 1.18 |
| Martin Ratio | 7.52 | 17.48 |
| Ulcer Index | 4.08% | 2.16% |
| Daily Std Dev | 20.97% | 12.70% |
| Max Drawdown | -48.98% | -36.95% |
| Current Drawdown | -4.42% | -4.80% |
Correlation
The correlation between MLPR and CEFD 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.
Performance
MLPR vs. CEFD - Performance Comparison
The year-to-date returns for both investments are quite close, with MLPR having a 24.48% return and CEFD slightly higher at 24.85%. 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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MLPR vs. CEFD - Expense Ratio Comparison
Both MLPR and CEFD have an expense ratio of 0.95%.
Risk-Adjusted Performance
MLPR vs. CEFD - Risk-Adjusted Performance 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.
Dividends
MLPR vs. CEFD - Dividend Comparison
MLPR's dividend yield for the trailing twelve months is around 10.12%, less than CEFD's 11.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 10.12% | 10.08% | 10.07% | 10.69% | 4.21% |
CEFD ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN | 11.76% | 14.76% | 16.57% | 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. For additional features, visit the drawdowns tool.
Volatility
MLPR vs. CEFD - Volatility Comparison
ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) has a higher volatility of 7.95% compared to ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) at 4.16%. This indicates that MLPR's price experiences larger fluctuations and is considered to be riskier than CEFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.