MLPX vs. VOO
Compare and contrast key facts about Global X MLP & Energy Infrastructure ETF (MLPX) and Vanguard S&P 500 ETF (VOO).
MLPX and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both MLPX and VOO 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 VOO.
Performance
MLPX vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, MLPX achieves a 44.18% return, which is significantly higher than VOO's 24.51% return. Over the past 10 years, MLPX has underperformed VOO with an annualized return of 6.20%, while VOO has yielded a comparatively higher 13.12% annualized return.
MLPX
44.18%
7.81%
24.89%
50.14%
19.42%
6.20%
VOO
24.51%
0.61%
11.38%
32.00%
15.30%
13.12%
Key characteristics
| MLPX | VOO | |
|---|---|---|
| Sharpe Ratio | 3.50 | 2.64 |
| Sortino Ratio | 4.74 | 3.53 |
| Omega Ratio | 1.59 | 1.49 |
| Calmar Ratio | 7.60 | 3.81 |
| Martin Ratio | 27.48 | 17.34 |
| Ulcer Index | 1.77% | 1.86% |
| Daily Std Dev | 13.90% | 12.20% |
| Max Drawdown | -70.59% | -33.99% |
| Current Drawdown | 0.00% | -2.16% |
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MLPX vs. VOO - Expense Ratio Comparison
MLPX has a 0.45% expense ratio, which is higher than VOO's 0.03% expense ratio.
Correlation
The correlation between MLPX and VOO is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
MLPX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MLP & Energy Infrastructure ETF (MLPX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
MLPX's dividend yield for the trailing twelve months is around 4.17%, more than VOO's 1.26% 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% |
VOO Vanguard S&P 500 ETF | 1.26% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
MLPX vs. VOO - Drawdown Comparison
The maximum MLPX drawdown since its inception was -70.59%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for MLPX and VOO. For additional features, visit the drawdowns tool.
Volatility
MLPX vs. VOO - Volatility Comparison
Global X MLP & Energy Infrastructure ETF (MLPX) has a higher volatility of 4.54% compared to Vanguard S&P 500 ETF (VOO) at 4.09%. This indicates that MLPX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.