MLPRX.PA vs. MDST
MLPRX.PA (Parx Materials N.V.) is a stock, while MDST (Westwood Salient Enhanced Midstream Income ETF) is Energy Equities fund actively managed by Westwood. Over the past year, MLPRX.PA returned 176.73% vs 20.40% for MDST. At a correlation of -0.05, they often move in opposite directions.
Performance
MLPRX.PA vs. MDST - Performance Comparison
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Different Trading Currencies
MLPRX.PA is traded in EUR, while MDST is traded in USD. To make them comparable, the MDST values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, MLPRX.PA achieves a 144.44% return, which is significantly higher than MDST's 19.83% return.
MLPRX.PA
- 1D
- -20.00%
- 1M
- 0.00%
- YTD
- 144.44%
- 6M
- 144.44%
- 1Y
- 176.73%
- 3Y*
- -9.82%
- 5Y*
- -27.52%
- 10Y*
- —
MDST
- 1D
- 1.92%
- 1M
- 6.09%
- YTD
- 19.83%
- 6M
- 17.68%
- 1Y
- 20.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MLPRX.PA vs. MDST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MLPRX.PA Parx Materials N.V. | 144.44% | -38.78% | 1.38% |
MDST Westwood Salient Enhanced Midstream Income ETF | 19.83% | -5.62% | 23.01% |
Correlation
The correlation between MLPRX.PA and MDST is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2024 | -0.05 |
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Return for Risk
MLPRX.PA vs. MDST — Risk / Return Rank
MLPRX.PA
MDST
MLPRX.PA vs. MDST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Parx Materials N.V. (MLPRX.PA) and Westwood Salient Enhanced Midstream Income ETF (MDST). 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.
| MLPRX.PA | MDST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.27 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | 2.63 | +0.86 |
| Martin ratioReturn relative to average drawdown | 7.41 | 5.50 | +1.92 |
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
| MLPRX.PA | MDST | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 1.48 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.31 | 0.94 | -1.25 |
Drawdowns
MLPRX.PA vs. MDST - Drawdown Comparison
The maximum MLPRX.PA drawdown since its inception was -99.53%, which is greater than MDST's maximum drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for MLPRX.PA and MDST.
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Drawdown Indicators
| MLPRX.PA | MDST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.53% | -19.64% | -79.89% |
Max Drawdown (1Y)Largest decline over 1 year | -49.64% | -7.79% | -41.85% |
Max Drawdown (3Y)Largest decline over 3 years | -90.91% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -97.27% | — | — |
Current DrawdownCurrent decline from peak | -96.56% | -0.62% | -95.94% |
Average DrawdownAverage peak-to-trough decline | -85.64% | -6.17% | -79.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.53% | 3.72% | +19.81% |
Volatility
MLPRX.PA vs. MDST - Volatility Comparison
Parx Materials N.V. (MLPRX.PA) has a higher volatility of 29.43% compared to Westwood Salient Enhanced Midstream Income ETF (MDST) at 5.39%. This indicates that MLPRX.PA's price experiences larger fluctuations and is considered to be riskier than MDST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLPRX.PA | MDST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.43% | 5.39% | +24.04% |
Volatility (6M)Calculated over the trailing 6-month period | 93.46% | 9.91% | +83.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 125.18% | 13.85% | +111.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 169.58% | 17.78% | +151.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 163.48% | 17.78% | +145.70% |
Dividends
MLPRX.PA vs. MDST - Dividend Comparison
MLPRX.PA has not paid dividends to shareholders, while MDST's dividend yield for the trailing twelve months is around 9.12%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MDST Westwood Salient Enhanced Midstream Income ETF | 9.12% | 10.22% | 6.60% |
MLPRX.PA Parx Materials N.V. | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MLPRX.PA and MDST have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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