MLPX vs. VDE
Compare and contrast key facts about Global X MLP & Energy Infrastructure ETF (MLPX) and Vanguard Energy ETF (VDE).
MLPX and VDE 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. VDE is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Energy 25/50 Index. It was launched on Sep 23, 2004. Both MLPX and VDE 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 VDE.
Performance
MLPX vs. VDE - Performance Comparison
Returns By Period
In the year-to-date period, MLPX achieves a 44.18% return, which is significantly higher than VDE's 15.29% return. Over the past 10 years, MLPX has outperformed VDE with an annualized return of 6.20%, while VDE has yielded a comparatively lower 4.41% annualized return.
MLPX
44.18%
7.81%
24.89%
50.14%
19.42%
6.20%
VDE
15.29%
4.85%
1.11%
17.23%
15.60%
4.41%
Key characteristics
| MLPX | VDE | |
|---|---|---|
| Sharpe Ratio | 3.50 | 0.82 |
| Sortino Ratio | 4.74 | 1.22 |
| Omega Ratio | 1.59 | 1.15 |
| Calmar Ratio | 7.60 | 1.11 |
| Martin Ratio | 27.48 | 2.68 |
| Ulcer Index | 1.77% | 5.56% |
| Daily Std Dev | 13.90% | 18.09% |
| Max Drawdown | -70.59% | -74.16% |
| Current Drawdown | 0.00% | -1.81% |
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MLPX vs. VDE - Expense Ratio Comparison
MLPX has a 0.45% expense ratio, which is higher than VDE's 0.10% expense ratio.
Correlation
The correlation between MLPX and VDE 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. VDE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MLP & Energy Infrastructure ETF (MLPX) and Vanguard Energy ETF (VDE). 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. VDE - Dividend Comparison
MLPX's dividend yield for the trailing twelve months is around 4.17%, more than VDE's 3.04% 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% |
VDE Vanguard Energy ETF | 3.04% | 3.34% | 3.65% | 4.13% | 4.76% | 3.59% | 3.35% | 2.90% | 2.31% | 3.17% | 1.98% | 1.74% |
Drawdowns
MLPX vs. VDE - Drawdown Comparison
The maximum MLPX drawdown since its inception was -70.59%, roughly equal to the maximum VDE drawdown of -74.16%. Use the drawdown chart below to compare losses from any high point for MLPX and VDE. For additional features, visit the drawdowns tool.
Volatility
MLPX vs. VDE - Volatility Comparison
The current volatility for Global X MLP & Energy Infrastructure ETF (MLPX) is 4.54%, while Vanguard Energy ETF (VDE) has a volatility of 5.08%. This indicates that MLPX experiences smaller price fluctuations and is considered to be less risky than VDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.