IPAV vs MPL
Comparison between GLOBAL X INFRASTRUCTURE DEVELOPMENT EX-U.S. ETF (IPAV, ETF) and Defiance Daily Target 2X Long MP ETF (MPL, ETF).
IPAV vs MPL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
IPAV vs MPL - Holdings Comparison
IPAV and MPL have 0 common holdings. Overlap is 0.00%
IPAV's top 25 holdings weight is 67.75%. MPL's top 25 holdings weight is 3.03%.
| Rank | IPAV | MPL |
|---|---|---|
| #1 | SWEDISH KRONE (n/a) - 3.34% | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 3.03% |
| #2 | ARCELORMITTAL SA NEW REG.SHS EX-ARCELOR (n/a) - 3.23% | N/A |
| #3 | CANADIAN NATIONAL RAILWAY CO (n/a) - 3.17% | N/A |
| #4 | SHIN-ETSU CHEMICAL CO LTD (n/a) - 3.16% | N/A |
| #5 | HEIDELBERG MATERIALS AG (n/a) - 3.14% | N/A |
| #6 | CANADIAN PACIFIC LTD (n/a) - 3.12% | N/A |
| #7 | HOLCIM LTD (n/a) - 3.10% | N/A |
| #8 | PRYSMIAN SPA (n/a) - 3.09% | N/A |
| #9 | LARSEN & TOUBRO LTD (n/a) - 3.05% | N/A |
| #10 | VINCI SA (n/a) - 3.02% | N/A |
| #11 | FERROVIAL NV (n/a) - 2.93% | N/A |
| #12 | CEMEX SAB DE CV ADR (CX) - 2.86% | N/A |
| #13 | FUJIKURA LTD (n/a) - 2.80% | N/A |
| #14 | TATA STEEL LTD (n/a) - 2.78% | N/A |
| #15 | CELLNEX TELECOM SA (n/a) - 2.71% | N/A |
| #16 | DOOSAN ENERBILITY CO LTD (n/a) - 2.67% | N/A |
| #17 | INDIA RUPEE (n/a) - 2.66% | N/A |
| #18 | POSCO HOLDINGS INC (n/a) - 2.66% | N/A |
| #19 | HINDALCO INDUSTRIES LTD (n/a) - 2.56% | N/A |
| #20 | NIPPON STEEL CORP (n/a) - 2.24% | N/A |
| #21 | ULTRATECH CEMENT LTD (n/a) - 2.04% | N/A |
| #22 | WEG SA (n/a) - 1.89% | N/A |
| #23 | n/a (n/a) - 1.88% | N/A |
| #24 | JSW STEEL LTD (n/a) - 1.83% | N/A |
| #25 | LS ELECTRIC CO LTD (n/a) - 1.82% | N/A |
| Total Holdings | 111 | 1 |
IPAV vs MPL - Historical Returns
Returns include dividend reinvestment.
IPAV vs MPL - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | IPAV | MPL |
|---|---|---|
| 2026 | +13.59% | -27.93% |
| 2025 | +29.49% | N/A |
| 2024 | -6.87% | N/A |
IPAV vs MPL Drawdown Comparison
The maximum drawdown for IPAV was -14.59%, occurring on Mar 30, 2026. Recovery took 48 trading sessions.
The maximum drawdown for MPL was -46.81%, occurring on Jun 10, 2026. This drawdown has not yet recovered.
The current IPAV drawdown is -4.01%. The current MPL drawdown is -37.01%.
| Rank | IPAV | MPL |
|---|---|---|
| #1 | -14.59% Feb 25, 2026 - May 5, 2026 | -46.81% Jun 2, 2026 - Jun 10, 2026 |
| #2 | -14.19% Sep 26, 2024 - May 5, 2025 | -8.36% May 26, 2026 - Jun 1, 2026 |
| #3 | -9.39% May 6, 2026 - Jun 10, 2026 | N/A |
| #4 | -5.41% Jul 23, 2025 - Sep 11, 2025 | N/A |
| #5 | -5.06% Oct 28, 2025 - Dec 15, 2025 | N/A |
| #6 | -3.57% Aug 30, 2024 - Sep 19, 2024 | N/A |
| #7 | -3.03% Jun 11, 2025 - Jun 26, 2025 | N/A |
| #8 | -2.45% Sep 16, 2025 - Oct 3, 2025 | N/A |
| #9 | -2.22% Oct 8, 2025 - Oct 15, 2025 | N/A |
| #10 | -2.03% Feb 11, 2026 - Feb 24, 2026 | N/A |
| #11 | -1.85% Dec 15, 2025 - Dec 23, 2025 | N/A |
| #12 | -1.66% Jan 29, 2026 - Feb 3, 2026 | N/A |
| #13 | -1.49% Jan 15, 2026 - Jan 22, 2026 | N/A |
| #14 | -1.41% Jul 3, 2025 - Jul 9, 2025 | N/A |
| #15 | -1.33% May 5, 2025 - May 12, 2025 | N/A |
Correlation
Correlation between IPAV and MPL is 1.00 which considered as a very strong positive correlation - the stocks move almost identically together.
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