Correlation
The correlation between SMLPX and VDE is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
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.
Performance
SMLPX vs. VDE - Performance Comparison
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Key characteristics
SMLPX:
1.07
VDE:
-0.30
SMLPX:
1.36
VDE:
-0.30
SMLPX:
1.21
VDE:
0.96
SMLPX:
1.26
VDE:
-0.42
SMLPX:
4.03
VDE:
-1.07
SMLPX:
5.49%
VDE:
8.29%
SMLPX:
21.70%
VDE:
25.45%
SMLPX:
-73.06%
VDE:
-74.16%
SMLPX:
-8.40%
VDE:
-15.22%
Returns By Period
In the year-to-date period, SMLPX achieves a 1.42% return, which is significantly higher than VDE's -5.16% return. Over the past 10 years, SMLPX has underperformed VDE with an annualized return of 2.75%, while VDE has yielded a comparatively higher 3.89% annualized return.
SMLPX
1.42%
3.56%
-4.53%
21.31%
15.03%
20.13%
2.75%
VDE
-5.16%
1.38%
-13.57%
-9.72%
1.57%
21.96%
3.89%
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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.
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Dividends
SMLPX vs. VDE - Dividend Comparison
SMLPX's dividend yield for the trailing twelve months is around 4.51%, more than VDE's 3.43% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMLPX Salient MLP & Energy Infrastructure Fund | 4.51% | 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 | 3.43% | 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.
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Volatility
SMLPX vs. VDE - Volatility Comparison
The current volatility for Salient MLP & Energy Infrastructure Fund (SMLPX) is 4.40%, while Vanguard Energy ETF (VDE) has a volatility of 5.37%. 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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