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SMLPX vs. VDE
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

SMLPX vs. VDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Salient MLP & Energy Infrastructure Fund (SMLPX) and Vanguard Energy ETF (VDE). The values are adjusted to include any dividend payments, if applicable.

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SMLPX vs. VDE - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
SMLPX
Salient MLP & Energy Infrastructure Fund
19.17%5.22%37.87%14.06%14.69%22.69%-17.25%16.36%-18.10%-6.80%
VDE
Vanguard Energy ETF
33.23%7.11%6.75%0.03%62.89%56.31%-33.02%9.28%-19.95%-2.50%

Returns By Period

In the year-to-date period, SMLPX achieves a 19.17% return, which is significantly lower than VDE's 33.23% return. Over the past 10 years, SMLPX has outperformed VDE with an annualized return of 12.10%, while VDE has yielded a comparatively lower 10.83% annualized return.


SMLPX

1D
-0.81%
1M
0.25%
YTD
19.17%
6M
18.09%
1Y
17.74%
3Y*
25.36%
5Y*
19.51%
10Y*
12.10%

VDE

1D
-3.61%
1M
4.27%
YTD
33.23%
6M
34.21%
1Y
31.84%
3Y*
17.03%
5Y*
23.32%
10Y*
10.83%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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SMLPX vs. VDE - Expense Ratio Comparison

SMLPX has a 1.35% expense ratio, which is higher than VDE's 0.10% expense ratio.


Return for Risk

SMLPX vs. VDE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SMLPX
SMLPX Risk / Return Rank: 4040
Overall Rank
SMLPX Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
SMLPX Sortino Ratio Rank: 3636
Sortino Ratio Rank
SMLPX Omega Ratio Rank: 4646
Omega Ratio Rank
SMLPX Calmar Ratio Rank: 3939
Calmar Ratio Rank
SMLPX Martin Ratio Rank: 3131
Martin Ratio Rank

VDE
VDE Risk / Return Rank: 6363
Overall Rank
VDE Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
VDE Sortino Ratio Rank: 6363
Sortino Ratio Rank
VDE Omega Ratio Rank: 6666
Omega Ratio Rank
VDE Calmar Ratio Rank: 6565
Calmar Ratio Rank
VDE Martin Ratio Rank: 4949
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SMLPX vs. VDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Salient MLP & Energy Infrastructure Fund (SMLPX) and Vanguard Energy ETF (VDE). 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.


SMLPXVDEDifference

Sharpe ratio

Return per unit of total volatility

1.00

1.27

-0.27

Sortino ratio

Return per unit of downside risk

1.31

1.67

-0.35

Omega ratio

Gain probability vs. loss probability

1.21

1.25

-0.04

Calmar ratio

Return relative to maximum drawdown

1.20

1.72

-0.52

Martin ratio

Return relative to average drawdown

3.82

4.92

-1.09

SMLPX vs. VDE - Sharpe Ratio Comparison

The current SMLPX Sharpe Ratio is 1.00, which is comparable to the VDE Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of SMLPX and VDE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


SMLPXVDEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.00

1.27

-0.27

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.98

0.88

+0.10

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.50

0.36

+0.14

Sharpe Ratio (All Time)

Calculated using the full available price history

0.27

0.28

-0.02

Correlation

The correlation between SMLPX and VDE is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


Dividends

SMLPX vs. VDE - Dividend Comparison

SMLPX's dividend yield for the trailing twelve months is around 3.77%, more than VDE's 2.36% yield.


TTM20252024202320222021202020192018201720162015
SMLPX
Salient MLP & Energy Infrastructure Fund
3.77%4.45%4.48%5.75%2.19%3.69%5.82%4.54%6.21%6.09%6.31%8.63%
VDE
Vanguard Energy ETF
2.36%3.11%3.23%3.34%3.65%4.13%4.76%3.42%3.35%2.90%2.31%3.17%

Drawdowns

SMLPX vs. VDE - Drawdown Comparison

The maximum SMLPX drawdown since its inception was -73.06%, roughly equal to the maximum VDE drawdown of -74.20%. Use the drawdown chart below to compare losses from any high point for SMLPX and VDE.


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Drawdown Indicators


SMLPXVDEDifference

Max Drawdown

Largest peak-to-trough decline

-73.06%

-74.20%

+1.14%

Max Drawdown (1Y)

Largest decline over 1 year

-15.57%

-18.91%

+3.34%

Max Drawdown (5Y)

Largest decline over 5 years

-21.32%

-26.58%

+5.26%

Max Drawdown (10Y)

Largest decline over 10 years

-60.49%

-69.29%

+8.80%

Current Drawdown

Current decline from peak

-1.85%

-5.74%

+3.89%

Average Drawdown

Average peak-to-trough decline

-27.45%

-20.06%

-7.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.87%

6.61%

-1.74%

Volatility

SMLPX vs. VDE - Volatility Comparison

The current volatility for Salient MLP & Energy Infrastructure Fund (SMLPX) is 3.34%, while Vanguard Energy ETF (VDE) has a volatility of 6.29%. This indicates that SMLPX experiences smaller price fluctuations and is considered to be less risky than VDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


SMLPXVDEDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.34%

6.29%

-2.95%

Volatility (6M)

Calculated over the trailing 6-month period

9.43%

14.31%

-4.88%

Volatility (1Y)

Calculated over the trailing 1-year period

18.70%

25.19%

-6.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.94%

26.53%

-6.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.33%

29.88%

-5.55%