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.
Key characteristics
| MLPX | VDE | |
|---|---|---|
| YTD Return | 12.47% | 15.48% |
| 1Y Return | 28.18% | 18.68% |
| 3Y Return (Ann) | 20.74% | 30.42% |
| 5Y Return (Ann) | 11.78% | 13.63% |
| 10Y Return (Ann) | 4.69% | 3.51% |
| Sharpe Ratio | 2.12 | 1.07 |
| Daily Std Dev | 14.11% | 19.31% |
| Max Drawdown | -70.61% | -74.16% |
| Current Drawdown | 0.00% | -1.65% |
Correlation
The correlation between MLPX and VDE is 0.82, 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. VDE - Performance Comparison
In the year-to-date period, MLPX achieves a 12.47% return, which is significantly lower than VDE's 15.48% return. Over the past 10 years, MLPX has outperformed VDE with an annualized return of 4.69%, while VDE has yielded a comparatively lower 3.51% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MLPX vs. VDE - Expense Ratio Comparison
MLPX has a 0.45% expense ratio, which is higher than VDE's 0.10% expense ratio.
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 4.81%, more than VDE's 2.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPX Global X MLP & Energy Infrastructure ETF | 4.81% | 5.22% | 5.23% | 5.98% | 8.32% | 5.78% | 5.98% | 4.36% | 5.50% | 4.81% | 2.15% | 0.68% |
VDE Vanguard Energy ETF | 2.87% | 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 -70.61%, 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
Global X MLP & Energy Infrastructure ETF (MLPX) and Vanguard Energy ETF (VDE) have volatilities of 3.37% and 3.53%, 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.