MLPX vs. ENFR
Compare and contrast key facts about Global X MLP & Energy Infrastructure ETF (MLPX) and Alerian Energy Infrastructure ETF (ENFR).
MLPX and ENFR 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. ENFR is a passively managed fund by SS&C that tracks the performance of the Alerian Midstream Energy Select Index. It was launched on Nov 1, 2013. Both MLPX and ENFR 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 ENFR.
Correlation
The correlation between MLPX and ENFR is 0.94, 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
MLPX vs. ENFR - Performance Comparison
Key characteristics
MLPX:
2.21
ENFR:
2.34
MLPX:
2.88
ENFR:
3.04
MLPX:
1.38
ENFR:
1.40
MLPX:
3.70
ENFR:
3.68
MLPX:
11.01
ENFR:
11.77
MLPX:
3.47%
ENFR:
3.10%
MLPX:
17.24%
ENFR:
15.61%
MLPX:
-70.59%
ENFR:
-68.28%
MLPX:
-3.00%
ENFR:
-2.01%
Returns By Period
The year-to-date returns for both stocks are quite close, with MLPX having a 7.63% return and ENFR slightly lower at 7.34%. Both investments have delivered pretty close results over the past 10 years, with MLPX having a 7.25% annualized return and ENFR not far ahead at 7.42%.
MLPX
7.63%
1.99%
20.16%
38.14%
36.75%
7.25%
ENFR
7.34%
2.16%
18.54%
36.65%
34.66%
7.42%
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MLPX vs. ENFR - Expense Ratio Comparison
MLPX has a 0.45% expense ratio, which is higher than ENFR's 0.35% expense ratio.
Risk-Adjusted Performance
MLPX vs. ENFR — Risk-Adjusted Performance Rank
MLPX
ENFR
MLPX vs. ENFR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MLP & Energy Infrastructure ETF (MLPX) and Alerian Energy Infrastructure ETF (ENFR). 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. ENFR - Dividend Comparison
MLPX's dividend yield for the trailing twelve months is around 4.18%, which matches ENFR's 4.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPX Global X MLP & Energy Infrastructure ETF | 4.18% | 4.30% | 5.22% | 5.23% | 5.98% | 8.32% | 5.78% | 5.98% | 4.36% | 5.50% | 4.81% | 2.15% |
ENFR Alerian Energy Infrastructure ETF | 4.19% | 4.41% | 5.48% | 5.23% | 7.86% | 7.57% | 5.81% | 3.98% | 2.98% | 3.31% | 3.34% | 2.15% |
Drawdowns
MLPX vs. ENFR - Drawdown Comparison
The maximum MLPX drawdown since its inception was -70.59%, roughly equal to the maximum ENFR drawdown of -68.28%. Use the drawdown chart below to compare losses from any high point for MLPX and ENFR. For additional features, visit the drawdowns tool.
Volatility
MLPX vs. ENFR - Volatility Comparison
Global X MLP & Energy Infrastructure ETF (MLPX) and Alerian Energy Infrastructure ETF (ENFR) have volatilities of 5.16% and 5.07%, 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.