VIASP vs. MLPA

Last updated Aug 1, 2026

VIASP (Via Renewables, Inc.) is a stock, while MLPA (Global X MLP ETF) is MLPs fund tracking the Solactive MLP Infrastructure Index. Their 0.08 correlation means their historical movements had little consistent relationship.

Performance

VIASP vs. MLPA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Via Renewables, Inc. (VIASP) and Global X MLP ETF (MLPA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VIASP

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

MLPA

• 1D: 0.87%
• 1M: 6.27%
• 6M: 14.54%
• YTD: 21.83%
• 1Y: 20.93%
• 3Y*: 16.99%
• 5Y*: 18.11%
• 10Y*: 6.71%
• ALL TIME*: 4.63%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MLPA Global X MLP ETF	$8.12M	$8.66M	$10.73M

VIASP vs. MLPA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VIASP Via Renewables, Inc.	7.41%	22.82%	26.04%	8.25%	-1.13%	3.38%
MLPA Global X MLP ETF	21.83%	5.73%	20.35%	15.93%	27.03%	5.77%

Correlation

The correlation between VIASP and MLPA is -0.11, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.11
Correlation (3Y) Balances recent behavior with more history.	0.08
Correlation (All Time) Calculated using the full available price history since Aug 10, 2021	0.08

The correlation between VIASP and MLPA shifts across timeframes, from -0.11 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VIASP vs. MLPA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VIASP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

MLPA

MLPA Risk / Return Rank: 64
MLPA Sharpe Ratio Rank: 67
MLPA Sortino Ratio Rank: 66
MLPA Omega Ratio Rank: 61
MLPA Calmar Ratio Rank: 71
MLPA Martin Ratio Rank: 56

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VIASP vs. MLPA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Via Renewables, Inc. (VIASP) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VIASP	MLPA	Difference
Sharpe ratio: Return per unit of total volatility	—	1.53	—
Sortino ratio: Return per unit of downside risk	—	2.17	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	2.46	—
Martin ratio: Return relative to average drawdown	—	6.61	—

Drawdowns

Drawdown Indicators

	VIASP	MLPA	Difference
Max Drawdown Largest peak-to-trough decline	—	-78.75%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-7.73%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.20%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.75%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-74.05%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-20.08%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.18%	—

Volatility

Volatility by Period

	VIASP	MLPA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.72%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	12.47%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.73%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	27.39%	—

Dividends

VIASP vs. MLPA - Dividend Comparison

VIASP has not paid dividends to shareholders, while MLPA's dividend yield for the trailing twelve months is around 6.93%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MLPA Global X MLP ETF	6.93%	7.82%	7.25%	7.49%	7.30%	8.72%	13.84%	9.09%	10.00%	8.05%	7.15%	9.29%
VIASP Via Renewables, Inc.	11.41%	10.88%	13.00%	14.21%	9.87%	4.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VIASP and MLPA in my portfolio?

VIASP and MLPA have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.