UMI vs. MLPA
Compare and contrast key facts about USCF Midstream Energy Income Fund ETF (UMI) and Global X MLP ETF (MLPA).
UMI and MLPA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UMI is an actively managed fund by Wainwright, Inc.. It was launched on Mar 24, 2021. MLPA is a passively managed fund by Global X that tracks the performance of the Solactive MLP Infrastructure Index. It was launched on Apr 18, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UMI or MLPA.
Key characteristics
| UMI | MLPA | |
|---|---|---|
| YTD Return | 42.46% | 17.06% |
| 1Y Return | 46.43% | 16.77% |
| 3Y Return (Ann) | 23.53% | 17.55% |
| 5Y Return (Ann) | 17.66% | 10.81% |
| Sharpe Ratio | 3.76 | 1.45 |
| Sortino Ratio | 5.14 | 2.10 |
| Omega Ratio | 1.66 | 1.26 |
| Calmar Ratio | 8.30 | 1.81 |
| Martin Ratio | 30.20 | 7.41 |
| Ulcer Index | 1.60% | 2.43% |
| Daily Std Dev | 12.84% | 12.35% |
| Max Drawdown | -48.08% | -78.74% |
| Current Drawdown | -1.21% | -1.03% |
Correlation
The correlation between UMI and MLPA is 0.65, 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.
Performance
UMI vs. MLPA - Performance Comparison
In the year-to-date period, UMI achieves a 42.46% return, which is significantly higher than MLPA's 17.06% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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UMI vs. MLPA - Expense Ratio Comparison
UMI has a 0.85% expense ratio, which is higher than MLPA's 0.46% expense ratio.
Risk-Adjusted Performance
UMI vs. MLPA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USCF Midstream Energy Income Fund ETF (UMI) 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.
Dividends
UMI vs. MLPA - Dividend Comparison
UMI's dividend yield for the trailing twelve months is around 3.99%, less than MLPA's 7.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UMI USCF Midstream Energy Income Fund ETF | 3.99% | 4.67% | 4.78% | 3.37% | 2.18% | 2.47% | 2.48% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% |
MLPA Global X MLP ETF | 7.45% | 7.49% | 7.30% | 8.72% | 13.85% | 9.11% | 10.03% | 8.07% | 7.16% | 9.29% | 5.80% | 5.62% |
Drawdowns
UMI vs. MLPA - Drawdown Comparison
The maximum UMI drawdown since its inception was -48.08%, smaller than the maximum MLPA drawdown of -78.74%. Use the drawdown chart below to compare losses from any high point for UMI and MLPA. For additional features, visit the drawdowns tool.
Volatility
UMI vs. MLPA - Volatility Comparison
USCF Midstream Energy Income Fund ETF (UMI) has a higher volatility of 4.24% compared to Global X MLP ETF (MLPA) at 3.52%. This indicates that UMI's price experiences larger fluctuations and is considered to be riskier than MLPA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.