MLPX vs. IYH
Compare and contrast key facts about Global X MLP & Energy Infrastructure ETF (MLPX) and iShares U.S. Healthcare ETF (IYH).
MLPX and IYH 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. IYH is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Health Care Index. It was launched on Jun 12, 2000. Both MLPX and IYH 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 IYH.
Key characteristics
| MLPX | IYH | |
|---|---|---|
| YTD Return | 11.15% | 3.80% |
| 1Y Return | 31.94% | 11.55% |
| 3Y Return (Ann) | 19.73% | 9.57% |
| 5Y Return (Ann) | 11.59% | 15.89% |
| 10Y Return (Ann) | 4.53% | 16.95% |
| Sharpe Ratio | 2.24 | 1.01 |
| Daily Std Dev | 14.05% | 10.51% |
| Max Drawdown | -70.61% | -41.50% |
| Current Drawdown | -1.17% | -4.26% |
Correlation
The correlation between MLPX and IYH is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MLPX vs. IYH - Performance Comparison
In the year-to-date period, MLPX achieves a 11.15% return, which is significantly higher than IYH's 3.80% return. Over the past 10 years, MLPX has underperformed IYH with an annualized return of 4.53%, while IYH has yielded a comparatively higher 16.95% 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. IYH - Expense Ratio Comparison
MLPX has a 0.45% expense ratio, which is higher than IYH's 0.43% expense ratio.
Risk-Adjusted Performance
MLPX vs. IYH - 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. Healthcare ETF (IYH). 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. IYH - Dividend Comparison
MLPX's dividend yield for the trailing twelve months is around 4.87%, more than IYH's 4.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPX Global X MLP & Energy Infrastructure ETF | 3.68% | 5.22% | 5.23% | 5.98% | 8.32% | 5.78% | 5.98% | 4.36% | 5.50% | 4.81% | 2.15% | 0.68% |
IYH iShares U.S. Healthcare ETF | 4.68% | 5.90% | 5.50% | 4.69% | 5.82% | 5.69% | 9.77% | 5.51% | 6.44% | 10.11% | 5.23% | 5.59% |
Drawdowns
MLPX vs. IYH - Drawdown Comparison
The maximum MLPX drawdown since its inception was -70.61%, which is greater than IYH's maximum drawdown of -41.50%. Use the drawdown chart below to compare losses from any high point for MLPX and IYH. For additional features, visit the drawdowns tool.
Volatility
MLPX vs. IYH - Volatility Comparison
Global X MLP & Energy Infrastructure ETF (MLPX) has a higher volatility of 4.32% compared to iShares U.S. Healthcare ETF (IYH) at 2.90%. This indicates that MLPX's price experiences larger fluctuations and is considered to be riskier than IYH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.