PRMN vs. MLPA ETF Comparison
Comparison of PlanRock Market Neutral Income ETF (PRMN) to Global X MLP ETF (MLPA)
PRMN
PlanRock Market Neutral Income ETF
PRMN Description
The fund strategy follows a proprietary, rules-based methodology that selects global high dividend-paying ETFs or stocks from those listed on an exchange and with significant underlying security liquidity, while using offsetting short positions through equity index futures. The strategy allocates to long and short equity index futures, volatility futures, options and options on futures to neutralize equity risk exposure and control volatility similar to the global bond market, while striving to achieve high dividend income and capital appreciation over the long-term.
Grade (RS Rating)
Last Trade
$29.74
Average Daily Volume
499
6
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
$47.65
Average Daily Volume
120,494
19
Performance
| Period | PRMN | MLPA |
|---|---|---|
| 30 Days | 0.42% | -1.93% |
| 60 Days | 1.41% | 1.34% |
| 90 Days | -0.19% | 6.09% |
| 12 Months | 25.17% |
0 Overlapping Holdings
| Symbol | Grade | Weight in PRMN | Weight in MLPA | Overlap |
|---|
PRMN Underweight 19 Positions Relative to MLPA
PRMN: Top Represented Industries & Keywords
MLPA: Top Represented Industries & Keywords
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