MLPX vs. AIRR
Compare and contrast key facts about Global X MLP & Energy Infrastructure ETF (MLPX) and First Trust RBA American Industrial Renaissance ETF (AIRR).
MLPX and AIRR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MLPX is a passively managed fund by Global X that tracks the performance of the Solactive MLP & Energy Infrastructure Index. It was launched on Aug 7, 2013. AIRR is a passively managed fund by First Trust that tracks the performance of the Richard Bernstein Advisors American Industrial Renaissance (TR). It was launched on Mar 10, 2014. Both MLPX and AIRR 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: MLPX or AIRR.
Correlation
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.
Performance
MLPX vs. AIRR - Performance Comparison
Key characteristics
MLPX:
2.65
AIRR:
1.50
MLPX:
3.54
AIRR:
2.12
MLPX:
1.45
AIRR:
1.26
MLPX:
4.10
AIRR:
3.59
MLPX:
20.35
AIRR:
8.57
MLPX:
1.91%
AIRR:
4.22%
MLPX:
14.66%
AIRR:
24.13%
MLPX:
-70.59%
AIRR:
-42.37%
MLPX:
-9.48%
AIRR:
-9.94%
Returns By Period
In the year-to-date period, MLPX achieves a 37.25% return, which is significantly higher than AIRR's 34.21% return. Over the past 10 years, MLPX has underperformed AIRR with an annualized return of 6.29%, while AIRR has yielded a comparatively higher 16.12% annualized return.
MLPX
37.25%
-6.23%
20.10%
37.78%
16.80%
6.29%
AIRR
34.21%
-6.09%
10.42%
33.99%
21.78%
16.12%
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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.
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.
Dividends
MLPX vs. AIRR - Dividend Comparison
MLPX's dividend yield for the trailing twelve months is around 4.38%, more than AIRR's 0.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPX Global X MLP & Energy Infrastructure ETF | 4.38% | 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 | 0.24% | 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.
Volatility
MLPX vs. AIRR - Volatility Comparison
Global X MLP & Energy Infrastructure ETF (MLPX) and First Trust RBA American Industrial Renaissance ETF (AIRR) have volatilities of 6.14% and 6.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.