MLPX vs. IYE
Compare and contrast key facts about Global X MLP & Energy Infrastructure ETF (MLPX) and iShares U.S. Energy ETF (IYE).
MLPX and IYE 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. IYE is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Oil & Gas Index. It was launched on Jun 12, 2000. Both MLPX and IYE 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 IYE.
Performance
MLPX vs. IYE - Performance Comparison
Returns By Period
In the year-to-date period, MLPX achieves a 44.18% return, which is significantly higher than IYE's 15.04% return. Over the past 10 years, MLPX has outperformed IYE with an annualized return of 6.20%, while IYE has yielded a comparatively lower 3.75% annualized return.
MLPX
44.18%
7.81%
24.89%
50.14%
19.42%
6.20%
IYE
15.04%
5.00%
1.40%
17.29%
13.93%
3.75%
Key characteristics
| MLPX | IYE | |
|---|---|---|
| Sharpe Ratio | 3.50 | 0.86 |
| Sortino Ratio | 4.74 | 1.26 |
| Omega Ratio | 1.59 | 1.16 |
| Calmar Ratio | 7.60 | 1.10 |
| Martin Ratio | 27.48 | 2.88 |
| Ulcer Index | 1.77% | 5.25% |
| Daily Std Dev | 13.90% | 17.47% |
| Max Drawdown | -70.59% | -73.85% |
| Current Drawdown | 0.00% | -1.42% |
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MLPX vs. IYE - Expense Ratio Comparison
MLPX has a 0.45% expense ratio, which is higher than IYE's 0.42% expense ratio.
Correlation
The correlation between MLPX and IYE is 0.81, 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.
Risk-Adjusted Performance
MLPX vs. IYE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MLP & Energy Infrastructure ETF (MLPX) and iShares U.S. Energy ETF (IYE). 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. IYE - Dividend Comparison
MLPX's dividend yield for the trailing twelve months is around 4.17%, more than IYE's 2.62% 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% |
IYE iShares U.S. Energy ETF | 2.62% | 2.99% | 3.37% | 2.98% | 4.75% | 6.60% | 3.15% | 2.66% | 2.11% | 3.39% | 2.05% | 1.54% |
Drawdowns
MLPX vs. IYE - Drawdown Comparison
The maximum MLPX drawdown since its inception was -70.59%, roughly equal to the maximum IYE drawdown of -73.85%. Use the drawdown chart below to compare losses from any high point for MLPX and IYE. For additional features, visit the drawdowns tool.
Volatility
MLPX vs. IYE - Volatility Comparison
Global X MLP & Energy Infrastructure ETF (MLPX) and iShares U.S. Energy ETF (IYE) have volatilities of 4.54% and 4.64%, 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.