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

Correlation

The correlation between MLPX and FXZ is 0.55, 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.


-0.50.00.51.0
Correlation: 0.5

Performance

MLPX vs. FXZ - 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 Materials AlphaDEX Fund (FXZ). The values are adjusted to include any dividend payments, if applicable.

100.00%120.00%140.00%160.00%180.00%NovemberDecember2025FebruaryMarchApril
148.19%
127.36%
MLPX
FXZ

Key characteristics

Sharpe Ratio

MLPX:

1.51

FXZ:

-0.82

Sortino Ratio

MLPX:

1.91

FXZ:

-1.10

Omega Ratio

MLPX:

1.28

FXZ:

0.87

Calmar Ratio

MLPX:

1.92

FXZ:

-0.59

Martin Ratio

MLPX:

7.14

FXZ:

-1.54

Ulcer Index

MLPX:

4.50%

FXZ:

13.07%

Daily Std Dev

MLPX:

21.27%

FXZ:

24.62%

Max Drawdown

MLPX:

-70.59%

FXZ:

-65.46%

Current Drawdown

MLPX:

-7.73%

FXZ:

-25.04%

Returns By Period

In the year-to-date period, MLPX achieves a 2.39% return, which is significantly higher than FXZ's -6.18% return. Over the past 10 years, MLPX has underperformed FXZ with an annualized return of 6.28%, while FXZ has yielded a comparatively higher 6.61% annualized return.


MLPX

YTD

2.39%

1M

-5.18%

6M

10.21%

1Y

30.59%

5Y*

29.61%

10Y*

6.28%

FXZ

YTD

-6.18%

1M

-6.20%

6M

-18.28%

1Y

-19.74%

5Y*

14.19%

10Y*

6.61%

*Annualized

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MLPX vs. FXZ - Expense Ratio Comparison

MLPX has a 0.45% expense ratio, which is lower than FXZ's 0.67% expense ratio.


Expense ratio chart for FXZ: current value is 0.67%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FXZ: 0.67%
Expense ratio chart for MLPX: current value is 0.45%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
MLPX: 0.45%

Risk-Adjusted Performance

MLPX vs. FXZ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MLPX
The Risk-Adjusted Performance Rank of MLPX is 8989
Overall Rank
The Sharpe Ratio Rank of MLPX is 9090
Sharpe Ratio Rank
The Sortino Ratio Rank of MLPX is 8787
Sortino Ratio Rank
The Omega Ratio Rank of MLPX is 8989
Omega Ratio Rank
The Calmar Ratio Rank of MLPX is 9393
Calmar Ratio Rank
The Martin Ratio Rank of MLPX is 8989
Martin Ratio Rank

FXZ
The Risk-Adjusted Performance Rank of FXZ is 11
Overall Rank
The Sharpe Ratio Rank of FXZ is 11
Sharpe Ratio Rank
The Sortino Ratio Rank of FXZ is 11
Sortino Ratio Rank
The Omega Ratio Rank of FXZ is 11
Omega Ratio Rank
The Calmar Ratio Rank of FXZ is 11
Calmar Ratio Rank
The Martin Ratio Rank of FXZ is 11
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

MLPX vs. FXZ - 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 Materials AlphaDEX Fund (FXZ). 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.


The chart of Sharpe ratio for MLPX, currently valued at 1.51, compared to the broader market-1.000.001.002.003.004.00
MLPX: 1.51
FXZ: -0.82
The chart of Sortino ratio for MLPX, currently valued at 1.91, compared to the broader market-2.000.002.004.006.008.00
MLPX: 1.91
FXZ: -1.10
The chart of Omega ratio for MLPX, currently valued at 1.28, compared to the broader market0.501.001.502.002.50
MLPX: 1.28
FXZ: 0.87
The chart of Calmar ratio for MLPX, currently valued at 1.92, compared to the broader market0.002.004.006.008.0010.0012.00
MLPX: 1.92
FXZ: -0.59
The chart of Martin ratio for MLPX, currently valued at 7.14, compared to the broader market0.0020.0040.0060.00
MLPX: 7.14
FXZ: -1.54

The current MLPX Sharpe Ratio is 1.51, which is higher than the FXZ Sharpe Ratio of -0.82. The chart below compares the historical Sharpe Ratios of MLPX and FXZ, 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 Ratio-2.00-1.000.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
1.51
-0.82
MLPX
FXZ

Dividends

MLPX vs. FXZ - Dividend Comparison

MLPX's dividend yield for the trailing twelve months is around 4.39%, more than FXZ's 1.97% yield.


TTM20242023202220212020201920182017201620152014
MLPX
Global X MLP & Energy Infrastructure ETF
4.39%4.30%5.22%5.23%5.98%8.32%5.78%5.98%4.36%5.50%4.81%2.15%
FXZ
First Trust Materials AlphaDEX Fund
1.97%1.80%1.97%1.56%1.11%1.51%1.58%1.38%1.01%1.19%1.26%1.73%

Drawdowns

MLPX vs. FXZ - Drawdown Comparison

The maximum MLPX drawdown since its inception was -70.59%, which is greater than FXZ's maximum drawdown of -65.46%. Use the drawdown chart below to compare losses from any high point for MLPX and FXZ. For additional features, visit the drawdowns tool.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-7.73%
-25.04%
MLPX
FXZ

Volatility

MLPX vs. FXZ - Volatility Comparison

The current volatility for Global X MLP & Energy Infrastructure ETF (MLPX) is 13.38%, while First Trust Materials AlphaDEX Fund (FXZ) has a volatility of 16.55%. This indicates that MLPX experiences smaller price fluctuations and is considered to be less risky than FXZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%14.00%16.00%NovemberDecember2025FebruaryMarchApril
13.38%
16.55%
MLPX
FXZ