VDE vs. MLPX
Compare and contrast key facts about Vanguard Energy ETF (VDE) and Global X MLP & Energy Infrastructure ETF (MLPX).
VDE and MLPX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both VDE and MLPX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VDE or MLPX.
Key characteristics
| VDE | MLPX | |
|---|---|---|
| YTD Return | 10.87% | 10.52% |
| 1Y Return | 22.80% | 30.78% |
| 3Y Return (Ann) | 27.34% | 19.64% |
| 5Y Return (Ann) | 12.88% | 11.47% |
| 10Y Return (Ann) | 3.03% | 4.41% |
| Sharpe Ratio | 1.07 | 2.10 |
| Daily Std Dev | 19.08% | 14.09% |
| Max Drawdown | -74.16% | -70.61% |
| Current Drawdown | -5.58% | -1.74% |
Correlation
The correlation between VDE and MLPX is 0.82, 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
VDE vs. MLPX - Performance Comparison
The year-to-date returns for both stocks are quite close, with VDE having a 10.87% return and MLPX slightly lower at 10.52%. Over the past 10 years, VDE has underperformed MLPX with an annualized return of 3.03%, while MLPX has yielded a comparatively higher 4.41% annualized 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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VDE vs. MLPX - Expense Ratio Comparison
VDE has a 0.10% expense ratio, which is lower than MLPX's 0.45% expense ratio.
Risk-Adjusted Performance
VDE vs. MLPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Energy ETF (VDE) 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
VDE vs. MLPX - Dividend Comparison
VDE's dividend yield for the trailing twelve months is around 2.99%, less than MLPX's 4.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VDE Vanguard Energy ETF | 2.99% | 3.34% | 3.65% | 4.13% | 4.76% | 3.59% | 3.35% | 2.90% | 2.31% | 3.17% | 1.98% | 1.74% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.89% | 5.22% | 5.23% | 5.98% | 8.32% | 5.78% | 5.98% | 4.36% | 5.50% | 4.81% | 2.15% | 0.68% |
Drawdowns
VDE vs. MLPX - Drawdown Comparison
The maximum VDE drawdown since its inception was -74.16%, which is greater than MLPX's maximum drawdown of -70.61%. Use the drawdown chart below to compare losses from any high point for VDE and MLPX. For additional features, visit the drawdowns tool.
Volatility
VDE vs. MLPX - Volatility Comparison
Vanguard Energy ETF (VDE) has a higher volatility of 4.68% compared to Global X MLP & Energy Infrastructure ETF (MLPX) at 4.32%. This indicates that VDE's price experiences larger fluctuations and is considered to be riskier than MLPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.