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MLPX vs. AIRR
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

MLPX vs. AIRR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MLP & Energy Infrastructure ETF (MLPX) and First Trust RBA American Industrial Renaissance ETF (AIRR). The values are adjusted to include any dividend payments, if applicable.

100.00%150.00%200.00%250.00%300.00%350.00%JuneJulyAugustSeptemberOctoberNovember
116.84%
326.26%
MLPX
AIRR

Returns By Period

In the year-to-date period, MLPX achieves a 44.18% return, which is significantly higher than AIRR's 41.68% return. Over the past 10 years, MLPX has underperformed AIRR with an annualized return of 6.20%, while AIRR has yielded a comparatively higher 16.26% annualized return.


MLPX

YTD

44.18%

1M

7.81%

6M

24.89%

1Y

50.14%

5Y (annualized)

19.42%

10Y (annualized)

6.20%

AIRR

YTD

41.68%

1M

6.00%

6M

17.69%

1Y

60.46%

5Y (annualized)

23.79%

10Y (annualized)

16.26%

Key characteristics


MLPXAIRR
Sharpe Ratio3.502.48
Sortino Ratio4.743.26
Omega Ratio1.591.40
Calmar Ratio7.605.96
Martin Ratio27.4814.64
Ulcer Index1.77%4.10%
Daily Std Dev13.90%24.17%
Max Drawdown-70.59%-42.37%
Current Drawdown0.00%-4.31%

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MLPX vs. AIRR - Expense Ratio Comparison

MLPX has a 0.45% expense ratio, which is lower than AIRR's 0.70% expense ratio.


AIRR
First Trust RBA American Industrial Renaissance ETF
Expense ratio chart for AIRR: current value at 0.70% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.70%
Expense ratio chart for MLPX: current value at 0.45% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.45%

Correlation

-0.50.00.51.00.6

The correlation between MLPX and AIRR is 0.56, 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.

Risk-Adjusted Performance

MLPX vs. AIRR - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MLP & Energy Infrastructure ETF (MLPX) and First Trust RBA American Industrial Renaissance ETF (AIRR). 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.


Sharpe ratio
The chart of Sharpe ratio for MLPX, currently valued at 3.50, compared to the broader market0.002.004.006.003.502.48
The chart of Sortino ratio for MLPX, currently valued at 4.74, compared to the broader market-2.000.002.004.006.008.0010.0012.004.743.26
The chart of Omega ratio for MLPX, currently valued at 1.59, compared to the broader market0.501.001.502.002.503.001.591.40
The chart of Calmar ratio for MLPX, currently valued at 7.60, compared to the broader market0.005.0010.0015.007.605.96
The chart of Martin ratio for MLPX, currently valued at 27.48, compared to the broader market0.0020.0040.0060.0080.00100.00120.0027.4814.64
MLPX
AIRR

The current MLPX Sharpe Ratio is 3.50, which is higher than the AIRR Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of MLPX and AIRR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
3.50
2.48
MLPX
AIRR

Dividends

MLPX vs. AIRR - Dividend Comparison

MLPX's dividend yield for the trailing twelve months is around 4.17%, more than AIRR's 0.16% yield.


TTM20232022202120202019201820172016201520142013
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%
AIRR
First Trust RBA American Industrial Renaissance ETF
0.16%0.23%0.12%0.05%0.10%0.20%0.43%0.30%0.08%0.47%0.37%0.00%

Drawdowns

MLPX vs. AIRR - Drawdown Comparison

The maximum MLPX drawdown since its inception was -70.59%, which is greater than AIRR's maximum drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for MLPX and AIRR. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-4.31%
MLPX
AIRR

Volatility

MLPX vs. AIRR - Volatility Comparison

The current volatility for Global X MLP & Energy Infrastructure ETF (MLPX) is 4.54%, while First Trust RBA American Industrial Renaissance ETF (AIRR) has a volatility of 9.51%. This indicates that MLPX experiences smaller price fluctuations and is considered to be less risky than AIRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%JuneJulyAugustSeptemberOctoberNovember
4.54%
9.51%
MLPX
AIRR