MLPA vs. MLPR ETF Comparison
Comparison of Global X MLP ETF (MLPA) to ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (MLPR)
MLPA
Global X MLP ETF
MLPA Description
The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive MLP Composite Index ("underlying index"). The fund invests at least 80% of its net assets in the securities of the underlying index. Moreover, at least 80% of the fund's net assets will be invested in securities that have economic characteristics of the Master Limited Partnership ("MLP") asset class. The underlying index is intended to give investors a means of tracking the overall performance of the United States master limited partnerships (MLP) asset class. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$47.69
Average Daily Volume
124,378
19
MLPR
ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN
MLPR Description
The investment seeks to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the Alerian MLP Index, reduced by the Accrued Fees. The index measures the composite performance of energy MLPs, and is calculated by S&P using a capped, float-adjusted, capitalization-weighted methodology. The index Constituent Securities earn the majority of their cash flow from qualifying midstream activities involving energy commodities.Grade (RS Rating)
Last Trade
$55.68
Average Daily Volume
1,824
14
Performance
| Period | MLPA | MLPR |
|---|---|---|
| 30 Days | -1.08% | -1.38% |
| 60 Days | 3.58% | 6.37% |
| 90 Days | 9.93% | 17.92% |
| 12 Months | 23.22% | 49.85% |
13 Overlapping Holdings
| Symbol | Grade | Weight in MLPA | Weight in MLPR | Overlap | |
|---|---|---|---|---|---|
| CQP | D | 4.82% | 3.9% | 3.9% | |
| DKL | D | 0.85% | 0.8% | 0.8% | |
| ENLC | A | 7.97% | 4.79% | 4.79% | |
| EPD | A | 12.59% | 9.91% | 9.91% | |
| ET | A | 11.89% | 9.16% | 9.16% | |
| GEL | A | 3.23% | 2.47% | 2.47% | |
| HESM | A | 6.12% | 1.26% | 1.26% | |
| MMLP | A | 0.0% | 0.2% | 0.0% | |
| MPLX | A | 10.76% | 10.54% | 10.54% | |
| NS | B | 5.46% | 3.06% | 3.06% | |
| PAA | A | 10.02% | 9.42% | 9.42% | |
| SMLP | A | 0.0% | 0.44% | 0.0% | |
| WES | A | 9.67% | 8.79% | 8.79% |
MLPA Underweight 1 Positions Relative to MLPR
| Symbol | Grade | Weight | |
|---|---|---|---|
| NGL | B | -0.53% |
MLPA: Top Represented Industries & Keywords
MLPR: Top Represented Industries & Keywords
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