RDOG vs. MLPA
Compare and contrast key facts about ALPS REIT Dividend Dogs ETF (RDOG) and Global X MLP ETF (MLPA).
RDOG and MLPA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RDOG is a passively managed fund by SS&C that tracks the performance of the S-Network REIT Dividend Dogs Index. It was launched on May 7, 2008. MLPA is a passively managed fund by Global X that tracks the performance of the Solactive MLP Infrastructure Index. It was launched on Apr 18, 2012. Both RDOG and MLPA 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: RDOG or MLPA.
Key characteristics
| RDOG | MLPA | |
|---|---|---|
| YTD Return | 11.44% | 17.72% |
| 1Y Return | 33.17% | 19.39% |
| 3Y Return (Ann) | -1.85% | 17.72% |
| 5Y Return (Ann) | 2.49% | 10.62% |
| 10Y Return (Ann) | 3.90% | 1.16% |
| Sharpe Ratio | 1.55 | 1.63 |
| Sortino Ratio | 2.28 | 2.33 |
| Omega Ratio | 1.28 | 1.29 |
| Calmar Ratio | 0.96 | 2.02 |
| Martin Ratio | 5.78 | 8.28 |
| Ulcer Index | 5.28% | 2.42% |
| Daily Std Dev | 19.68% | 12.32% |
| Max Drawdown | -69.88% | -78.74% |
| Current Drawdown | -9.07% | -0.47% |
Correlation
The correlation between RDOG and MLPA is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
RDOG vs. MLPA - Performance Comparison
In the year-to-date period, RDOG achieves a 11.44% return, which is significantly lower than MLPA's 17.72% return. Over the past 10 years, RDOG has outperformed MLPA with an annualized return of 3.90%, while MLPA has yielded a comparatively lower 1.16% 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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RDOG vs. MLPA - Expense Ratio Comparison
RDOG has a 0.35% expense ratio, which is lower than MLPA's 0.46% expense ratio.
Risk-Adjusted Performance
RDOG vs. MLPA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS REIT Dividend Dogs ETF (RDOG) and Global X MLP ETF (MLPA). 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
RDOG vs. MLPA - Dividend Comparison
RDOG's dividend yield for the trailing twelve months is around 5.90%, less than MLPA's 7.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RDOG ALPS REIT Dividend Dogs ETF | 5.90% | 7.07% | 5.25% | 2.98% | 5.11% | 3.10% | 3.13% | 3.64% | 3.66% | 3.43% | 2.90% | 1.03% |
MLPA Global X MLP ETF | 7.41% | 7.49% | 7.30% | 8.72% | 13.85% | 9.11% | 10.03% | 8.07% | 7.16% | 9.29% | 5.80% | 5.62% |
Drawdowns
RDOG vs. MLPA - Drawdown Comparison
The maximum RDOG drawdown since its inception was -69.88%, smaller than the maximum MLPA drawdown of -78.74%. Use the drawdown chart below to compare losses from any high point for RDOG and MLPA. For additional features, visit the drawdowns tool.
Volatility
RDOG vs. MLPA - Volatility Comparison
ALPS REIT Dividend Dogs ETF (RDOG) has a higher volatility of 4.85% compared to Global X MLP ETF (MLPA) at 3.54%. This indicates that RDOG's price experiences larger fluctuations and is considered to be riskier than MLPA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.