RDOG vs. MLPA
RDOG (ALPS REIT Dividend Dogs ETF) and MLPA (Global X MLP ETF) are both exchange-traded funds - RDOG is a REIT fund tracking the S-Network REIT Dividend Dogs Index, while MLPA is a MLPs fund tracking the Solactive MLP Infrastructure Index. Both are passively managed. Over the past 10 years, RDOG returned 4.49%/yr vs 6.04%/yr for MLPA. At a 0.38 correlation, their price movements are largely independent. RDOG charges 0.35%/yr vs 0.77%/yr for MLPA.
Performance
RDOG vs. MLPA - Performance Comparison
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Returns By Period
In the year-to-date period, RDOG achieves a 17.52% return, which is significantly higher than MLPA's 14.27% return. Over the past 10 years, RDOG has underperformed MLPA with an annualized return of 4.49%, while MLPA has yielded a comparatively higher 6.04% annualized return.
RDOG
- 1D
- 1.34%
- 1M
- 2.64%
- YTD
- 17.52%
- 6M
- 19.48%
- 1Y
- 20.13%
- 3Y*
- 13.65%
- 5Y*
- 2.58%
- 10Y*
- 4.49%
MLPA
- 1D
- 1.78%
- 1M
- -4.45%
- YTD
- 14.27%
- 6M
- 14.04%
- 1Y
- 15.23%
- 3Y*
- 16.94%
- 5Y*
- 14.82%
- 10Y*
- 6.04%
RDOG vs. MLPA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RDOG ALPS REIT Dividend Dogs ETF | 17.52% | 0.95% | 4.57% | 10.38% | -25.53% | 34.42% | -10.01% | 21.54% | -5.70% | 11.84% |
MLPA Global X MLP ETF | 14.27% | 5.73% | 20.35% | 15.93% | 27.03% | 39.64% | -33.97% | 11.91% | -15.71% | -8.31% |
Correlation
The correlation between RDOG and MLPA is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2012 | 0.38 |
The correlation between RDOG and MLPA shifts across timeframes, from 0.21 (1 year) to 0.40 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
RDOG vs. MLPA — Risk / Return Rank
RDOG
MLPA
RDOG vs. MLPA - Risk-Adjusted Trends 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RDOG | MLPA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.21 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 1.84 | +0.18 |
| Martin ratioReturn relative to average drawdown | 6.52 | 5.17 | +1.35 |
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Drawdowns
RDOG vs. MLPA - Drawdown Comparison
The maximum RDOG drawdown since its inception was -67.59%, smaller than the maximum MLPA drawdown of -78.75%. Use the drawdown chart below to compare losses from any high point for RDOG and MLPA.
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Drawdown Indicators
| RDOG | MLPA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.59% | -78.75% | +11.16% |
Max Drawdown (1Y)Largest decline over 1 year | -10.02% | -8.33% | -1.69% |
Max Drawdown (3Y)Largest decline over 3 years | -21.40% | -14.20% | -7.20% |
Max Drawdown (5Y)Largest decline over 5 years | -35.52% | -18.75% | -16.77% |
Max Drawdown (10Y)Largest decline over 10 years | -49.35% | -74.05% | +24.70% |
Current DrawdownCurrent decline from peak | -1.08% | -5.33% | +4.25% |
Average DrawdownAverage peak-to-trough decline | -12.23% | -20.21% | +7.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 2.96% | +0.14% |
Volatility
RDOG vs. MLPA - Volatility Comparison
ALPS REIT Dividend Dogs ETF (RDOG) and Global X MLP ETF (MLPA) have volatilities of 4.55% and 4.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RDOG | MLPA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 4.66% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 8.76% | +2.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.91% | 12.14% | +2.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.85% | 18.08% | +1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.05% | 27.44% | -4.39% |
RDOG vs. MLPA - Expense Ratio Comparison
RDOG has a 0.35% expense ratio, which is lower than MLPA's 0.77% expense ratio.
Dividends
RDOG vs. MLPA - Dividend Comparison
RDOG's dividend yield for the trailing twelve months is around 6.21%, less than MLPA's 7.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPA Global X MLP ETF | 7.39% | 7.82% | 7.25% | 7.49% | 7.30% | 8.72% | 13.84% | 9.09% | 10.00% | 8.05% | 7.15% | 9.29% |
RDOG ALPS REIT Dividend Dogs ETF | 6.21% | 6.91% | 6.11% | 7.07% | 5.25% | 3.11% | 5.12% | 3.10% | 3.13% | 3.64% | 3.66% | 3.43% |
Frequently Asked Questions
RDOG and MLPA have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MLPA has higher volatility (4.66%) compared to RDOG (4.55%). In terms of maximum drawdown, RDOG dropped -67.59% vs MLPA's -78.75%.
On 10-year performance, MLPA leads with 6.04% vs 4.49% for RDOG. On fees, RDOG is cheaper at 0.35% per year. On volatility, RDOG has been the lower-risk option at 4.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, MLPA has performed better with a 6.04% return vs 4.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RDOG is cheaper with a 0.35% expense ratio, compared with 0.77% for MLPA.
MLPA has the higher dividend yield at 7.39%, compared with 6.21% for RDOG.
RDOG is categorized as REIT, while MLPA is MLPs. RDOG tracks S-Network REIT Dividend Dogs Index, while MLPA tracks Solactive MLP Infrastructure Index. They also come from different issuers: SS&C and Global X. Their fees differ too: 0.35% for RDOG and 0.77% for MLPA.
RDOG currently has the higher Sharpe Ratio (1.36 vs 1.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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