UMI vs. MLPX
Compare and contrast key facts about USCF Midstream Energy Income Fund ETF (UMI) and Global X MLP & Energy Infrastructure ETF (MLPX).
UMI and MLPX 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. MLPX is a passively managed fund by Global X that tracks the performance of the Solactive MLP & Energy Infrastructure Index. It was launched on Aug 7, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UMI or MLPX.
Key characteristics
| UMI | MLPX | |
|---|---|---|
| YTD Return | 42.46% | 42.11% |
| 1Y Return | 46.43% | 46.85% |
| 3Y Return (Ann) | 23.53% | 23.58% |
| 5Y Return (Ann) | 17.66% | 19.11% |
| Sharpe Ratio | 3.76 | 3.50 |
| Sortino Ratio | 5.14 | 4.74 |
| Omega Ratio | 1.66 | 1.59 |
| Calmar Ratio | 8.30 | 7.61 |
| Martin Ratio | 30.20 | 27.53 |
| Ulcer Index | 1.60% | 1.77% |
| Daily Std Dev | 12.84% | 13.92% |
| Max Drawdown | -48.08% | -70.59% |
| Current Drawdown | -1.21% | -1.41% |
Correlation
The correlation between UMI and MLPX is 0.74, 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
UMI vs. MLPX - Performance Comparison
The year-to-date returns for both stocks are quite close, with UMI having a 42.46% return and MLPX slightly lower at 42.11%. 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. MLPX - Expense Ratio Comparison
UMI has a 0.85% expense ratio, which is higher than MLPX's 0.45% expense ratio.
Risk-Adjusted Performance
UMI vs. MLPX - 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 & Energy Infrastructure ETF (MLPX). 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. MLPX - Dividend Comparison
UMI's dividend yield for the trailing twelve months is around 3.99%, less than MLPX's 4.23% 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% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.23% | 5.22% | 5.23% | 5.98% | 8.33% | 5.78% | 5.98% | 4.37% | 5.52% | 4.82% | 2.16% | 0.67% |
Drawdowns
UMI vs. MLPX - Drawdown Comparison
The maximum UMI drawdown since its inception was -48.08%, smaller than the maximum MLPX drawdown of -70.59%. Use the drawdown chart below to compare losses from any high point for UMI and MLPX. For additional features, visit the drawdowns tool.
Volatility
UMI vs. MLPX - Volatility Comparison
The current volatility for USCF Midstream Energy Income Fund ETF (UMI) is 4.24%, while Global X MLP & Energy Infrastructure ETF (MLPX) has a volatility of 4.64%. This indicates that UMI experiences smaller price fluctuations and is considered to be less risky than MLPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.