Global X MLP & Energy Infrastructure Covered Call ETF (MLPD) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MLPD. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MLPD
MLPD charges 0.60% annually. There are 52 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 27.32M | Nov 2024 | MLPD vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 303.13M | Mar 2024 | MLPD vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.59M | Sep 2024 | MLPD vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 185.18M | Apr 2024 | MLPD vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 768.95M | Jul 2024 | MLPD vs QQA |
Best Risk-Adjusted Alternatives to MLPD
MLPD has a PortfoliosLab risk / return rank of 65. There are 32 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 95 | 1.16B | Apr 2025 | MLPD vs CHPY | |
| SoFi Enhanced Yield ETF | 94 | 34.73M | Nov 2023 | MLPD vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 262.22M | Jul 2023 | MLPD vs GOOY | |
| YieldMax AMD Option Income Strategy ETF | 90 | 409.32M | Sep 2023 | MLPD vs AMDY | |
| Simplify Treasury Option Income ETF | 86 | 465.86M | Oct 2022 | MLPD vs BUCK |
Top Performing MLPD Alternatives (YTD)
MLPD is at 5.90% YTD. There are 102 ETFs in the Derivative Income category with higher YTD returns, going as high as 19,132.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| REX HOOD Growth & Income ETF | 19,132.59% | 1.44M | Nov 2025 | MLPD vs HOII | |
| REX CRWV Growth & Income ETF | 13,199.78% | 2.19M | Nov 2025 | MLPD vs CWII | |
| Roundhill ARM WeeklyPay ETF | 297.09% | 17.52M | Oct 2025 | MLPD vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 176.01% | 83.00M | Jul 2025 | MLPD vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 101.34% | 409.32M | Sep 2023 | MLPD vs AMDY |
Lowest Volatility Alternatives to MLPD
MLPD has 7.65% 1-year volatility. There are 15 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.98%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.98% | 465.86M | Oct 2022 | MLPD vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.86% | 90.05M | Feb 2025 | MLPD vs HYTI | |
| Main Buywrite ETF | 4.84% | 1.23B | Dec 2015 | MLPD vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.11% | 292.66M | Feb 2025 | MLPD vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 5.52% | 50.16M | Aug 2021 | MLPD vs XRMI |
Lowest Drawdown Alternatives to MLPD
MLPD has a 1-year max drawdown of -4.80%. There are 10 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -1.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -1.31% | 465.86M | Oct 2022 | MLPD vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.05M | Feb 2025 | MLPD vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.23B | Dec 2015 | MLPD vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | MLPD vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | MLPD vs OMAH |
Other ETFs from Global X
The 10 most viewed Global X ETFs shown here include QYLD, SHLD, AIQ and span 12 categories. AUM among these funds goes as high as $14B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Global X NASDAQ 100 Covered Call ETF | Nasdaq-100, Derivative Income | 84 | 7.89% | 8.44B | Dec 2013 | MLPD vs QYLD | |
| Global X Defense Tech ETF | Aerospace & Defense | 11 | -6.53% | 7.43B | Sep 2023 | MLPD vs SHLD | |
| Global X Artificial Intelligence & Technology ETF | Technology Equities | 58 | 24.56% | 11.08B | May 2018 | MLPD vs AIQ | |
| Global X Uranium ETF | Uranium | 19 | 6.67% | 6.64B | Nov 2010 | MLPD vs URA | |
| Global X Copper Miners ETF | Copper | 60 | 10.71% | 8.06B | Apr 2010 | MLPD vs COPX | |
| Global X Robotics & Artificial Intelligence Themat... | Robotics, Technology Equities | 23 | 1.13% | 3.54B | Sep 2016 | MLPD vs BOTZ | |
| Global X Silver Miners ETF | Silver, Precious Metals | 35 | -5.97% | 4.57B | Apr 2010 | MLPD vs SIL | |
| Global X S&P 500 Covered Call ETF | Derivative Income, S&P 500 | 78 | 4.54% | 3.19B | Jun 2013 | MLPD vs XYLD | |
| Global X Data Center & Digital Infrastructure ETF | REIT | 89 | 49.19% | 2.37B | Oct 2020 | MLPD vs DTCR | |
| Global X US Infrastructure Development ETF | Industrials Equities | 60 | 20.97% | 14.28B | Mar 2017 | MLPD vs PAVE |
Often Compared With MLPD
Investors most often compare MLPD with MLPI, BSMV, JEPI. These 20 comparison targets span 22 categories, based on PortfoliosLab usage data.
Compare MLPD with Any Fund or Stock
Compare MLPD with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MLPD with funds that move differently
Global X MLP & Energy Infrastructure Covered Call ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MLPD.
Explore MLPD Diversifiers