MLPX vs. UMI
Compare and contrast key facts about Global X MLP & Energy Infrastructure ETF (MLPX) and USCF Midstream Energy Income Fund ETF (UMI).
MLPX and UMI 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. UMI is an actively managed fund by Wainwright, Inc.. It was launched on Mar 24, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MLPX or UMI.
Key characteristics
| MLPX | UMI | |
|---|---|---|
| YTD Return | 11.15% | 11.95% |
| 1Y Return | 31.94% | 30.57% |
| 3Y Return (Ann) | 19.73% | 19.99% |
| 5Y Return (Ann) | 11.59% | 12.51% |
| Sharpe Ratio | 2.24 | 2.22 |
| Daily Std Dev | 14.05% | 13.60% |
| Max Drawdown | -70.61% | -48.08% |
| Current Drawdown | -1.17% | -1.42% |
Correlation
The correlation between MLPX and UMI is 0.73, 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.
Performance
MLPX vs. UMI - Performance Comparison
In the year-to-date period, MLPX achieves a 11.15% return, which is significantly lower than UMI's 11.95% 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. UMI - Expense Ratio Comparison
MLPX has a 0.45% expense ratio, which is lower than UMI's 0.85% expense ratio.
Risk-Adjusted Performance
MLPX vs. UMI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MLP & Energy Infrastructure ETF (MLPX) and USCF Midstream Energy Income Fund ETF (UMI). 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. UMI - Dividend Comparison
MLPX's dividend yield for the trailing twelve months is around 4.87%, more than UMI's 4.55% 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% |
UMI USCF Midstream Energy Income Fund ETF | 4.55% | 4.67% | 4.78% | 3.37% | 2.18% | 2.47% | 2.48% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MLPX vs. UMI - Drawdown Comparison
The maximum MLPX drawdown since its inception was -70.61%, which is greater than UMI's maximum drawdown of -48.08%. Use the drawdown chart below to compare losses from any high point for MLPX and UMI. For additional features, visit the drawdowns tool.
Volatility
MLPX vs. UMI - Volatility Comparison
Global X MLP & Energy Infrastructure ETF (MLPX) has a higher volatility of 4.32% compared to USCF Midstream Energy Income Fund ETF (UMI) at 3.86%. This indicates that MLPX's price experiences larger fluctuations and is considered to be riskier than UMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.