SMLPX vs. VDE
Compare and contrast key facts about Salient MLP & Energy Infrastructure Fund (SMLPX) and Vanguard Energy ETF (VDE).
SMLPX is managed by Salient Funds. It was launched on Sep 18, 2012. VDE is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Energy 25/50 Index. It was launched on Sep 23, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMLPX or VDE.
Correlation
The correlation between SMLPX and VDE is 0.79, 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.
Performance
SMLPX vs. VDE - Performance Comparison
Key characteristics
SMLPX:
2.64
VDE:
0.68
SMLPX:
3.26
VDE:
1.00
SMLPX:
1.47
VDE:
1.13
SMLPX:
2.40
VDE:
0.88
SMLPX:
15.63
VDE:
1.90
SMLPX:
2.63%
VDE:
6.50%
SMLPX:
15.61%
VDE:
18.20%
SMLPX:
-73.06%
VDE:
-74.16%
SMLPX:
-5.72%
VDE:
-4.31%
Returns By Period
In the year-to-date period, SMLPX achieves a 4.38% return, which is significantly lower than VDE's 7.04% return. Over the past 10 years, SMLPX has underperformed VDE with an annualized return of 3.25%, while VDE has yielded a comparatively higher 5.04% annualized return.
SMLPX
4.38%
-5.72%
17.19%
38.81%
15.28%
3.25%
VDE
7.04%
-1.58%
6.25%
11.18%
17.09%
5.04%
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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.
Risk-Adjusted Performance
SMLPX vs. VDE — Risk-Adjusted Performance Rank
SMLPX
VDE
SMLPX vs. VDE - Risk-Adjusted Performance 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.
Dividends
SMLPX vs. VDE - Dividend Comparison
SMLPX's dividend yield for the trailing twelve months is around 3.22%, more than VDE's 3.02% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMLPX Salient MLP & Energy Infrastructure Fund | 3.22% | 4.48% | 5.75% | 4.38% | 4.92% | 5.82% | 4.54% | 6.21% | 6.09% | 6.31% | 8.63% | 4.37% |
VDE Vanguard Energy ETF | 3.02% | 3.23% | 3.34% | 3.65% | 4.13% | 4.76% | 3.59% | 3.35% | 2.90% | 2.31% | 3.17% | 1.98% |
Drawdowns
SMLPX vs. VDE - Drawdown Comparison
The maximum SMLPX drawdown since its inception was -73.06%, roughly equal to the maximum VDE drawdown of -74.16%. Use the drawdown chart below to compare losses from any high point for SMLPX and VDE. For additional features, visit the drawdowns tool.
Volatility
SMLPX vs. VDE - Volatility Comparison
Salient MLP & Energy Infrastructure Fund (SMLPX) has a higher volatility of 7.84% compared to Vanguard Energy ETF (VDE) at 6.23%. This indicates that SMLPX's price experiences larger fluctuations and is considered to be riskier than VDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.