MLPX vs. GRID
Compare and contrast key facts about Global X MLP & Energy Infrastructure ETF (MLPX) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID).
MLPX and GRID 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. GRID is a passively managed fund by First Trust that tracks the performance of the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index. It was launched on Nov 17, 2009. Both MLPX and GRID 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 GRID.
Key characteristics
| MLPX | GRID | |
|---|---|---|
| YTD Return | 8.97% | 6.43% |
| 1Y Return | 27.72% | 17.17% |
| 3Y Return (Ann) | 19.42% | 9.43% |
| 5Y Return (Ann) | 11.16% | 20.66% |
| 10Y Return (Ann) | 4.35% | 13.11% |
| Sharpe Ratio | 1.70 | 1.05 |
| Daily Std Dev | 14.29% | 15.76% |
| Max Drawdown | -70.61% | -40.55% |
| Current Drawdown | -3.11% | -3.06% |
Correlation
The correlation between MLPX and GRID is 0.47, 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. GRID - Performance Comparison
In the year-to-date period, MLPX achieves a 8.97% return, which is significantly higher than GRID's 6.43% return. Over the past 10 years, MLPX has underperformed GRID with an annualized return of 4.35%, while GRID has yielded a comparatively higher 13.11% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MLPX vs. GRID - Expense Ratio Comparison
MLPX has a 0.45% expense ratio, which is lower than GRID's 0.70% expense ratio.
Risk-Adjusted Performance
MLPX vs. GRID - 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 Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID). 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. GRID - Dividend Comparison
MLPX's dividend yield for the trailing twelve months is around 4.96%, more than GRID's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPX Global X MLP & Energy Infrastructure ETF | 4.96% | 5.22% | 5.23% | 5.98% | 8.32% | 5.78% | 5.98% | 4.36% | 5.50% | 4.81% | 2.15% | 0.68% |
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index | 1.18% | 1.23% | 1.26% | 0.63% | 0.68% | 1.26% | 1.28% | 1.07% | 1.07% | 1.23% | 1.46% | 1.35% |
Drawdowns
MLPX vs. GRID - Drawdown Comparison
The maximum MLPX drawdown since its inception was -70.61%, which is greater than GRID's maximum drawdown of -40.55%. Use the drawdown chart below to compare losses from any high point for MLPX and GRID. For additional features, visit the drawdowns tool.
Volatility
MLPX vs. GRID - Volatility Comparison
The current volatility for Global X MLP & Energy Infrastructure ETF (MLPX) is 4.10%, while First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) has a volatility of 4.39%. This indicates that MLPX experiences smaller price fluctuations and is considered to be less risky than GRID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.