MLPX vs. XLE
Compare and contrast key facts about Global X MLP & Energy Infrastructure ETF (MLPX) and Energy Select Sector SPDR Fund (XLE).
MLPX and XLE 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. XLE is a passively managed fund by State Street that tracks the performance of the Energy Select Sector Index. It was launched on Dec 16, 1998. Both MLPX and XLE 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 XLE.
Key characteristics
| MLPX | XLE | |
|---|---|---|
| YTD Return | 11.15% | 11.30% |
| 1Y Return | 31.94% | 22.61% |
| 3Y Return (Ann) | 19.73% | 27.22% |
| 5Y Return (Ann) | 11.59% | 12.96% |
| 10Y Return (Ann) | 4.53% | 3.73% |
| Sharpe Ratio | 2.24 | 1.14 |
| Daily Std Dev | 14.05% | 18.66% |
| Max Drawdown | -70.61% | -71.54% |
| Current Drawdown | -1.17% | -5.62% |
Correlation
The correlation between MLPX and XLE 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.
Performance
MLPX vs. XLE - Performance Comparison
The year-to-date returns for both investments are quite close, with MLPX having a 11.15% return and XLE slightly higher at 11.30%. Over the past 10 years, MLPX has outperformed XLE with an annualized return of 4.53%, while XLE has yielded a comparatively lower 3.73% 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. XLE - Expense Ratio Comparison
MLPX has a 0.45% expense ratio, which is higher than XLE's 0.13% expense ratio.
Risk-Adjusted Performance
MLPX vs. XLE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MLP & Energy Infrastructure ETF (MLPX) and Energy Select Sector SPDR Fund (XLE). 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. XLE - Dividend Comparison
MLPX's dividend yield for the trailing twelve months is around 4.87%, more than XLE's 3.15% 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% |
XLE Energy Select Sector SPDR Fund | 3.15% | 3.55% | 3.68% | 4.21% | 5.62% | 5.73% | 3.54% | 3.03% | 2.26% | 3.39% | 2.35% | 1.73% |
Drawdowns
MLPX vs. XLE - Drawdown Comparison
The maximum MLPX drawdown since its inception was -70.61%, roughly equal to the maximum XLE drawdown of -71.54%. Use the drawdown chart below to compare losses from any high point for MLPX and XLE. For additional features, visit the drawdowns tool.
Volatility
MLPX vs. XLE - Volatility Comparison
The current volatility for Global X MLP & Energy Infrastructure ETF (MLPX) is 4.32%, while Energy Select Sector SPDR Fund (XLE) has a volatility of 4.68%. This indicates that MLPX experiences smaller price fluctuations and is considered to be less risky than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.