Global X MLP & Energy Infrastructure ETF (MLPX) belongs to the Infrastructure Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MLPX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MLPX
MLPX charges 0.45% annually. There are 7 ETFs in the Infrastructure Equities category with lower expense ratios, going as low as 0.29%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Themes US Infrastructure ETF | 0.29% | 3.80M | Sep 2024 | MLPX vs HWAY | |
| iShares U.S. Infrastructure ETF | 0.30% | 4.55B | Apr 2018 | MLPX vs IFRA | |
| Alerian Energy Infrastructure ETF | 0.35% | 519.57M | Oct 2013 | MLPX vs ENFR | |
| Xtrackers US Green Infrastructure Select Equity ET... | 0.35% | 612.04K | Jul 2023 | MLPX vs UPGR | |
| iShares Global Infrastructure ETF | 0.39% | 10.93B | Dec 2007 | MLPX vs IGF |
Best Risk-Adjusted Alternatives to MLPX
MLPX has a PortfoliosLab risk / return rank of 74. There are 7 ETFs in the Infrastructure Equities category with higher risk-adjusted ranks, going as high as 86.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco SteelPath MLP & Energy Infrastructure ETF | 86 | 65.42M | Feb 2025 | MLPX vs PIPE | |
| iShares Infrastructure Active ETF | 81 | — | Jul 2025 | MLPX vs BILT | |
| First Trust North American Energy Infrastructure F... | 80 | 4.13B | Jun 2012 | MLPX vs EMLP | |
| Bny Mellon Global Infrastructure Income ETF | 80 | 1.31B | Nov 2022 | MLPX vs BKGI | |
| Alerian Energy Infrastructure ETF | 79 | 519.57M | Oct 2013 | MLPX vs ENFR |
Top Performing MLPX Alternatives (YTD)
MLPX is at 26.75% YTD. There are 2 ETFs in the Infrastructure Equities category with higher YTD returns, going as high as 29.62%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco SteelPath MLP & Energy Infrastructure ETF | 29.62% | 65.42M | Feb 2025 | MLPX vs PIPE | |
| Alerian Energy Infrastructure ETF | 28.27% | 519.57M | Oct 2013 | MLPX vs ENFR | |
| ETRACS Alerian MLP Infrastructure Index ETN Series... | 26.62% | 231.17M | Oct 2015 | MLPX vs MLPB | |
| Amplify Samsung U.S. Natural Gas Infrastructure ET... | 25.43% | 9.23M | May 2025 | MLPX vs USNG | |
| Neuberger Berman Energy Transition & Infrastructur... | 24.97% | 46.90M | Apr 2022 | MLPX vs NBET |
Lowest Volatility Alternatives to MLPX
MLPX has 15.68% 1-year volatility. There are 22 ETFs in the Infrastructure Equities category with lower 1-year volatility, going as low as 10.31%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Infrastructure Active ETF | 10.31% | — | Jul 2025 | MLPX vs BILT | |
| First Trust North American Energy Infrastructure F... | 10.36% | 4.13B | Jun 2012 | MLPX vs EMLP | |
| FlexShares STOXX Global Broad Infrastructure Index... | 10.38% | 3.00B | Oct 2013 | MLPX vs NFRA | |
| iShares Global Infrastructure ETF | 10.69% | 10.93B | Dec 2007 | MLPX vs IGF | |
| ProShares DJ Brookfield Global Infrastructure ETF | 10.70% | 176.36M | Mar 2014 | MLPX vs TOLZ |
Lowest Drawdown Alternatives to MLPX
MLPX has a 1-year max drawdown of -8.18%. There are 13 ETFs in the Infrastructure Equities category with shallower 1-year drawdowns, going as shallow as -4.94%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust North American Energy Infrastructure F... | -4.94% | 4.13B | Jun 2012 | MLPX vs EMLP | |
| ProShares DJ Brookfield Global Infrastructure ETF | -5.18% | 176.36M | Mar 2014 | MLPX vs TOLZ | |
| iShares Infrastructure Active ETF | -5.38% | — | Jul 2025 | MLPX vs BILT | |
| iShares Global Infrastructure ETF | -5.87% | 10.93B | Dec 2007 | MLPX vs IGF | |
| SPDR S&P Global Infrastructure ETF | -5.94% | 941.89M | Jan 2007 | MLPX vs GII |
Other ETFs from Global X
The 10 most viewed Global X ETFs shown here include QYLD, SHLD, AIQ and span 14 categories. AUM among these funds goes as high as $15B.
Often Compared With MLPX
Investors most often compare MLPX with XLE, VDE, VOO. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare MLPX with Any Fund or Stock
Compare MLPX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MLPX with funds that move differently
Global X MLP & Energy Infrastructure ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MLPX.
Explore MLPX Diversifiers