SMLPX vs. DPG
SMLPX (Salient MLP & Energy Infrastructure Fund) and DPG (Duff & Phelps Utility and Infrastructure Fund Inc) are both Infrastructure Equities funds. Over the past 10 years, SMLPX returned 9.61%/yr vs 7.86%/yr for DPG. Their 0.52 correlation means they have sometimes moved together and sometimes differently. SMLPX charges 1.35%/yr vs 2.26%/yr for DPG.
Performance
SMLPX vs. DPG - Performance Comparison
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Returns By Period
In the year-to-date period, SMLPX achieves a 23.21% return, which is significantly higher than DPG's 18.32% return. Over the past 10 years, SMLPX has outperformed DPG with an annualized return of 9.61%, while DPG has yielded a comparatively lower 7.86% annualized return.
SMLPX
- 1D
- 0.64%
- 1M
- 2.38%
- 6M
- 16.03%
- YTD
- 23.21%
- 1Y
- 24.42%
- 3Y*
- 23.44%
- 5Y*
- 18.74%
- 10Y*
- 9.61%
- ALL TIME*
- 6.74%
DPG
- 1D
- 0.35%
- 1M
- -0.44%
- 6M
- 12.02%
- YTD
- 18.32%
- 1Y
- 24.72%
- 3Y*
- 23.75%
- 5Y*
- 9.64%
- 10Y*
- 7.86%
- ALL TIME*
- 4.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $959.32K | $893.51K | $1.04M | |
| $0.00 | $0.00 | $0.00 |
SMLPX vs. DPG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMLPX Salient MLP & Energy Infrastructure Fund | 23.21% | 5.22% | 37.87% | 14.06% | 14.69% | 22.69% | -17.25% | 16.36% | -18.10% | -6.80% |
DPG Duff & Phelps Utility and Infrastructure Fund Inc | 18.32% | 16.33% | 38.22% | -25.07% | 3.15% | 30.37% | -8.91% | 40.68% | -15.84% | 9.12% |
Correlation
The correlation between SMLPX and DPG is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.43 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2012 | 0.52 |
The correlation between SMLPX and DPG shifts across timeframes, from 0.33 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SMLPX vs. DPG — Risk / Return Rank
SMLPX
DPG
SMLPX vs. DPG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Salient MLP & Energy Infrastructure Fund (SMLPX) and Duff & Phelps Utility and Infrastructure Fund Inc (DPG). 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.
| SMLPX | DPG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.35 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | 4.24 | -0.62 |
| Martin ratioReturn relative to average drawdown | 8.35 | 10.24 | -1.89 |
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Drawdowns
SMLPX vs. DPG - Drawdown Comparison
The maximum SMLPX drawdown since its inception was -73.06%, which is greater than DPG's maximum drawdown of -64.61%. Use the drawdown chart below to compare losses from any high point for SMLPX and DPG.
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Drawdown Indicators
| SMLPX | DPG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.06% | -64.61% | -8.45% |
Max Drawdown (1Y)Largest decline over 1 year | -6.57% | -5.85% | -0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -17.59% | -16.94% | -0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -21.32% | -41.11% | +19.79% |
Max Drawdown (10Y)Largest decline over 10 years | -60.49% | -64.61% | +4.12% |
Current DrawdownCurrent decline from peak | -2.87% | -2.76% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -26.85% | -13.27% | -13.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 2.42% | +0.43% |
Volatility
SMLPX vs. DPG - Volatility Comparison
Salient MLP & Energy Infrastructure Fund (SMLPX) has a higher volatility of 5.00% compared to Duff & Phelps Utility and Infrastructure Fund Inc (DPG) at 2.95%. This indicates that SMLPX's price experiences larger fluctuations and is considered to be riskier than DPG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMLPX | DPG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 2.95% | +2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 11.24% | 9.71% | +1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.11% | 12.15% | +1.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.80% | 20.92% | -1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.02% | 28.88% | -4.86% |
SMLPX vs. DPG - Expense Ratio Comparison
SMLPX has a 1.35% expense ratio, which is lower than DPG's 2.26% expense ratio.
Dividends
SMLPX vs. DPG - Dividend Comparison
SMLPX's dividend yield for the trailing twelve months is around 3.68%, less than DPG's 5.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DPG Duff & Phelps Utility and Infrastructure Fund Inc | 5.82% | 6.61% | 7.19% | 12.21% | 10.36% | 9.70% | 11.48% | 9.21% | 11.81% | 9.02% | 9.03% | 9.50% |
SMLPX Salient MLP & Energy Infrastructure Fund | 3.68% | 4.45% | 4.48% | 5.75% | 2.19% | 3.69% | 5.82% | 4.54% | 6.21% | 6.09% | 6.31% | 8.63% |
Frequently Asked Questions
SMLPX and DPG have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMLPX has higher volatility (5.00%) compared to DPG (2.95%). In terms of maximum drawdown, SMLPX dropped -73.06% vs DPG's -64.61%.
DPG currently has the higher Sharpe Ratio (2.05 vs 1.69), 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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