MLPZX vs. SCHD
Compare and contrast key facts about Invesco SteelPath MLP Income Fund (MLPZX) and Schwab US Dividend Equity ETF (SCHD).
MLPZX is managed by Invesco. It was launched on Mar 30, 2010. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MLPZX or SCHD.
Correlation
The correlation between MLPZX and SCHD is 0.47, 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.
Performance
MLPZX vs. SCHD - Performance Comparison
Key characteristics
MLPZX:
0.70
SCHD:
0.34
MLPZX:
1.01
SCHD:
0.58
MLPZX:
1.14
SCHD:
1.08
MLPZX:
0.83
SCHD:
0.34
MLPZX:
3.35
SCHD:
1.16
MLPZX:
3.72%
SCHD:
4.69%
MLPZX:
17.71%
SCHD:
15.99%
MLPZX:
-76.88%
SCHD:
-33.37%
MLPZX:
-8.32%
SCHD:
-10.12%
Returns By Period
In the year-to-date period, MLPZX achieves a 0.94% return, which is significantly higher than SCHD's -3.75% return. Over the past 10 years, MLPZX has underperformed SCHD with an annualized return of 5.38%, while SCHD has yielded a comparatively higher 10.58% annualized return.
MLPZX
0.94%
-8.32%
7.95%
12.25%
29.92%
5.38%
SCHD
-3.75%
-6.49%
-5.55%
5.07%
13.58%
10.58%
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MLPZX vs. SCHD - Expense Ratio Comparison
MLPZX has a 1.10% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Risk-Adjusted Performance
MLPZX vs. SCHD — Risk-Adjusted Performance Rank
MLPZX
SCHD
MLPZX vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco SteelPath MLP Income Fund (MLPZX) and Schwab US Dividend Equity ETF (SCHD). 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
MLPZX vs. SCHD - Dividend Comparison
MLPZX's dividend yield for the trailing twelve months is around 6.01%, more than SCHD's 3.99% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPZX Invesco SteelPath MLP Income Fund | 6.01% | 6.45% | 7.25% | 8.05% | 9.27% | 16.67% | 13.82% | 14.02% | 11.26% | 10.13% | 11.96% | 7.24% |
SCHD Schwab US Dividend Equity ETF | 3.99% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% |
Drawdowns
MLPZX vs. SCHD - Drawdown Comparison
The maximum MLPZX drawdown since its inception was -76.88%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for MLPZX and SCHD. For additional features, visit the drawdowns tool.
Volatility
MLPZX vs. SCHD - Volatility Comparison
Invesco SteelPath MLP Income Fund (MLPZX) has a higher volatility of 12.05% compared to Schwab US Dividend Equity ETF (SCHD) at 11.24%. This indicates that MLPZX's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.