MLPR vs. PYPE
Compare and contrast key facts about ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) and ETRACS NYSE Pickens Core Midstream Index ETN (PYPE).
MLPR and PYPE 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. PYPE is a passively managed fund by UBS that tracks the performance of the NYSE Pickens Core Midstream Index. It was launched on Aug 20, 2018. Both MLPR and PYPE 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 PYPE.
Correlation
The correlation between MLPR and PYPE is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MLPR vs. PYPE - Performance Comparison
Key characteristics
Returns By Period
MLPR
8.96%
4.99%
11.65%
40.23%
N/A
N/A
PYPE
N/A
N/A
N/A
N/A
N/A
N/A
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MLPR vs. PYPE - Expense Ratio Comparison
MLPR has a 0.95% expense ratio, which is higher than PYPE's 0.85% expense ratio.
Risk-Adjusted Performance
MLPR vs. PYPE — Risk-Adjusted Performance Rank
MLPR
PYPE
MLPR vs. PYPE - 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 NYSE Pickens Core Midstream Index ETN (PYPE). 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. PYPE - Dividend Comparison
MLPR's dividend yield for the trailing twelve months is around 9.24%, while PYPE has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 9.24% | 9.57% | 10.08% | 10.07% | 10.69% | 4.21% | 0.00% | 0.00% |
PYPE ETRACS NYSE Pickens Core Midstream Index ETN | 0.00% | 0.00% | 3.23% | 6.23% | 7.51% | 11.13% | 7.77% | 0.07% |
Drawdowns
MLPR vs. PYPE - Drawdown Comparison
Volatility
MLPR vs. PYPE - Volatility Comparison
ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) has a higher volatility of 9.55% compared to ETRACS NYSE Pickens Core Midstream Index ETN (PYPE) at 0.00%. This indicates that MLPR's price experiences larger fluctuations and is considered to be riskier than PYPE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.