MLPX vs. FXZ
Compare and contrast key facts about Global X MLP & Energy Infrastructure ETF (MLPX) and First Trust Materials AlphaDEX Fund (FXZ).
MLPX and FXZ 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. FXZ is a passively managed fund by First Trust that tracks the performance of the StrataQuant Materials Index. It was launched on May 8, 2007. Both MLPX and FXZ 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 FXZ.
Performance
MLPX vs. FXZ - Performance Comparison
Returns By Period
In the year-to-date period, MLPX achieves a 44.18% return, which is significantly higher than FXZ's -7.72% return. Over the past 10 years, MLPX has underperformed FXZ with an annualized return of 6.20%, while FXZ has yielded a comparatively higher 8.53% annualized return.
MLPX
44.18%
7.81%
24.89%
50.14%
19.42%
6.20%
FXZ
-7.72%
-6.25%
-9.96%
2.25%
11.72%
8.53%
Key characteristics
| MLPX | FXZ | |
|---|---|---|
| Sharpe Ratio | 3.50 | 0.09 |
| Sortino Ratio | 4.74 | 0.25 |
| Omega Ratio | 1.59 | 1.03 |
| Calmar Ratio | 7.60 | 0.11 |
| Martin Ratio | 27.48 | 0.23 |
| Ulcer Index | 1.77% | 6.98% |
| Daily Std Dev | 13.90% | 18.67% |
| Max Drawdown | -70.59% | -65.46% |
| Current Drawdown | 0.00% | -11.91% |
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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.
Correlation
The correlation between MLPX and FXZ is 0.63, 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. 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.
Dividends
MLPX vs. FXZ - Dividend Comparison
MLPX's dividend yield for the trailing twelve months is around 4.17%, more than FXZ's 1.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FXZ First Trust Materials AlphaDEX Fund | 1.59% | 1.97% | 1.56% | 1.11% | 1.51% | 1.58% | 1.38% | 1.01% | 1.19% | 1.26% | 1.73% | 0.90% |
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.
Volatility
MLPX vs. FXZ - Volatility Comparison
The current volatility for Global X MLP & Energy Infrastructure ETF (MLPX) is 4.54%, while First Trust Materials AlphaDEX Fund (FXZ) has a volatility of 5.82%. 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.