MLPA vs VTEC
Comparison between GLOBAL X MLP ETF (MLPA, ETF) and VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF ETF SHARES (VTEC, ETF).
MLPA vs VTEC - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MLPA
$2.20B
VTEC
$2.20B
Expense Ratio
MLPA
0.77%
Winner
VTEC
0.06%
Max Drawdown
MLPA
86.16%
Winner
VTEC
5.70%
Sharpe Ratio
Winner
MLPA
1.25
VTEC
0.86
5Y Beta
MLPA
0.43
Winner
VTEC
0.04
P/E Ratio
MLPA
16.95
VTEC
N/A
Forward P/E
MLPA
12.75
VTEC
N/A
PEG Ratio
MLPA
-0.21
VTEC
N/A
5Y Dividends CAGR
MLPA
1.78%
VTEC
N/A
5Y EPS CAGR
MLPA
9.48%
VTEC
N/A
P/S Ratio
MLPA
0.74
VTEC
N/A
P/B Ratio
MLPA
3.03
VTEC
N/A
MLPA vs VTEC - Historical Returns
Returns include dividend reinvestment.
1M
Winner
MLPA
+0.69%
VTEC
+0.29%
3M
Winner
MLPA
+5.74%
VTEC
-0.55%
6M
Winner
MLPA
+16.21%
VTEC
+1.13%
1Y
Winner
MLPA
+19.34%
VTEC
+6.28%
5Y(CAGR)
MLPA
+16.60%
VTEC
N/A
10Y(CAGR)
MLPA
+6.91%
VTEC
N/A
Max(CAGR)
Winner
MLPA
+4.23%
VTEC
+2.60%
MLPA vs VTEC - Annual Returns (2012 - 2026)
Returns include dividend reinvestment.
| Year | MLPA | VTEC |
|---|---|---|
| 2026 | +13.61% | +0.48% |
| 2025 | +4.45% | +3.86% |
| 2024 | +19.28% | +1.42% |
| 2023 | +17.53% | N/A |
| 2022 | +23.15% | N/A |
| 2021 | +41.00% | N/A |
| 2020 | -34.46% | N/A |
| 2019 | +10.44% | N/A |
| 2018 | -17.42% | N/A |
| 2017 | -9.05% | N/A |
| 2016 | +18.73% | N/A |
| 2015 | -30.73% | N/A |
| 2014 | +5.13% | N/A |
| 2013 | +14.50% | N/A |
| 2012 | +0.68% | N/A |
MLPA vs VTEC Drawdown Comparison
The maximum drawdown for MLPA was -78.70%, occurring on Mar 18, 2020. Recovery took 2394 trading sessions.
The maximum drawdown for VTEC was -4.50%, occurring on Apr 8, 2025. Recovery took 190 trading sessions.
The current MLPA drawdown is -2.11%. The current VTEC drawdown is -1.28%.
| Rank | MLPA | VTEC |
|---|---|---|
| #1 | -78.70% Aug 29, 2014 - Mar 6, 2024 | -4.50% Dec 2, 2024 - Sep 8, 2025 |
| #2 | -14.20% Apr 2, 2025 - Jan 27, 2026 | -2.85% Feb 27, 2026 - Mar 27, 2026 |
| #3 | -10.39% May 2, 2012 - Aug 3, 2012 | -2.43% Feb 1, 2024 - Aug 1, 2024 |
| #4 | -8.71% Nov 29, 2024 - Jan 16, 2025 | -2.13% Oct 1, 2024 - Dec 2, 2024 |
| #5 | -8.04% Oct 17, 2012 - Jan 10, 2013 | -0.79% Aug 6, 2024 - Sep 5, 2024 |
| #6 | -6.40% Jul 22, 2024 - Nov 6, 2024 | -0.47% Sep 17, 2025 - Oct 10, 2025 |
| #7 | -5.55% Feb 20, 2025 - Mar 19, 2025 | -0.44% Nov 26, 2025 - Dec 24, 2025 |
| #8 | -5.49% Apr 3, 2024 - Jun 24, 2024 | -0.42% Nov 11, 2025 - Nov 26, 2025 |
| #9 | -5.31% Jul 15, 2013 - Feb 7, 2014 | -0.34% Oct 29, 2025 - Nov 11, 2025 |
| #10 | -5.21% Mar 26, 2026 - Apr 30, 2026 | -0.31% Jan 14, 2026 - Jan 30, 2026 |
| #11 | -4.64% May 21, 2013 - Jul 11, 2013 | -0.16% Sep 27, 2024 - Oct 1, 2024 |
| #12 | -3.62% Feb 5, 2025 - Feb 20, 2025 | -0.12% Sep 10, 2024 - Sep 13, 2024 |
| #13 | -3.22% Jul 1, 2014 - Aug 15, 2014 | -0.11% Sep 17, 2024 - Sep 26, 2024 |
| #14 | -2.30% Jan 21, 2025 - Jan 30, 2025 | -0.10% Sep 8, 2025 - Sep 10, 2025 |
| #15 | -2.11% Apr 30, 2026 - May 8, 2026 | -0.09% Sep 11, 2025 - Sep 15, 2025 |
Correlation
Correlation between MLPA and VTEC is 0.74 which considered as a strong positive correlation - the stocks tend to move together.
0.74
-101
Dividend Comparison (2012 - 2026)
MLPA vs VTEC dividend yield comparison.
| Year | MLPA | VTEC |
|---|---|---|
| 2026 | 1.84% | 1.03% |
| 2025 | 7.82% | 3.13% |
| 2024 | 7.25% | 2.54% |
| 2023 | 7.49% | 0.00% |
| 2022 | 7.30% | 0.00% |
| 2021 | 8.72% | 0.00% |
| 2020 | 13.84% | 0.00% |
| 2019 | 9.09% | 0.00% |
| 2018 | 10.00% | 0.00% |
| 2017 | 8.05% | 0.00% |
| 2016 | 7.15% | 0.00% |
| 2015 | 9.29% | 0.00% |
| 2014 | 5.80% | 0.00% |
| 2013 | 5.62% | 0.00% |
| 2012 | 4.50% | 0.00% |
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