MTGDX vs. AMLP
Compare and contrast key facts about Morgan Stanley Mortgage Securities Trust (MTGDX) and Alerian MLP ETF (AMLP).
MTGDX is managed by Morgan Stanley. It was launched on Jul 28, 1997. AMLP is a passively managed fund by SS&C that tracks the performance of the Alerian MLP Infrastructure Index. It was launched on Aug 23, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MTGDX or AMLP.
Correlation
The correlation between MTGDX and AMLP is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
MTGDX vs. AMLP - Performance Comparison
Key characteristics
MTGDX:
2.57
AMLP:
1.64
MTGDX:
3.82
AMLP:
2.28
MTGDX:
1.50
AMLP:
1.28
MTGDX:
5.07
AMLP:
2.82
MTGDX:
13.16
AMLP:
8.53
MTGDX:
0.92%
AMLP:
2.76%
MTGDX:
4.71%
AMLP:
14.38%
MTGDX:
-12.97%
AMLP:
-77.19%
MTGDX:
0.00%
AMLP:
-1.30%
Returns By Period
In the year-to-date period, MTGDX achieves a 1.32% return, which is significantly lower than AMLP's 9.41% return. Over the past 10 years, MTGDX has outperformed AMLP with an annualized return of 4.15%, while AMLP has yielded a comparatively lower 3.57% annualized return.
MTGDX
1.32%
1.45%
2.87%
12.40%
3.69%
4.15%
AMLP
9.41%
1.43%
14.45%
21.64%
15.94%
3.57%
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MTGDX vs. AMLP - Expense Ratio Comparison
MTGDX has a 0.72% expense ratio, which is lower than AMLP's 0.90% expense ratio.
Risk-Adjusted Performance
MTGDX vs. AMLP — Risk-Adjusted Performance Rank
MTGDX
AMLP
MTGDX vs. AMLP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Mortgage Securities Trust (MTGDX) and Alerian MLP ETF (AMLP). 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
MTGDX vs. AMLP - Dividend Comparison
MTGDX's dividend yield for the trailing twelve months is around 7.99%, more than AMLP's 7.35% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTGDX Morgan Stanley Mortgage Securities Trust | 7.99% | 8.30% | 6.83% | 6.30% | 3.47% | 3.83% | 3.94% | 4.13% | 4.69% | 4.06% | 5.05% | 7.26% |
AMLP Alerian MLP ETF | 7.35% | 7.70% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.30% | 7.97% | 8.09% | 9.84% | 6.45% |
Drawdowns
MTGDX vs. AMLP - Drawdown Comparison
The maximum MTGDX drawdown since its inception was -12.97%, smaller than the maximum AMLP drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for MTGDX and AMLP. For additional features, visit the drawdowns tool.
Volatility
MTGDX vs. AMLP - Volatility Comparison
The current volatility for Morgan Stanley Mortgage Securities Trust (MTGDX) is 1.16%, while Alerian MLP ETF (AMLP) has a volatility of 4.95%. This indicates that MTGDX experiences smaller price fluctuations and is considered to be less risky than AMLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.