BILD vs. MLPX

Last updated Aug 6, 2026

BILD (Macquarie Global Listed Infrastructure ETF) and MLPX (Global X MLP & Energy Infrastructure ETF) are both Infrastructure Equities funds. BILD is actively managed, while MLPX is passively managed. Over the past year, BILD returned 14.12% vs 23.99% for MLPX. Their 0.40 correlation means their historical movements had little consistent relationship. BILD charges 0.49%/yr vs 0.45%/yr for MLPX.

Performance

BILD vs. MLPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Macquarie Global Listed Infrastructure ETF (BILD) and Global X MLP & Energy Infrastructure ETF (MLPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BILD achieves a 9.13% return, which is significantly lower than MLPX's 23.25% return.

BILD

• 1D: -1.09%
• 1M: -0.20%
• 6M: 3.60%
• YTD: 9.13%
• 1Y: 14.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.34%

MLPX

• 1D: -1.55%
• 1M: 0.23%
• 6M: 12.61%
• YTD: 23.25%
• 1Y: 23.99%
• 3Y*: 25.40%
• 5Y*: 22.40%
• 10Y*: 11.74%
• ALL TIME*: 9.10%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BILD Macquarie Global Listed Infrastructure ETF	$1.68K	$25.00K	$12.93K
MLPX Global X MLP & Energy Infrastructure ETF	$37.87M	$35.74M	$31.49M

BILD vs. MLPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BILD Macquarie Global Listed Infrastructure ETF	9.13%	21.08%	-2.68%	3.73%
MLPX Global X MLP & Energy Infrastructure ETF	23.25%	4.96%	42.90%	1.11%

Correlation

The correlation between BILD and MLPX is 0.36, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.36
Correlation (All Time) Calculated using the full available price history since Nov 29, 2023	0.40

BILD vs. MLPX - Sectors Allocation Comparison

Sectors	BILD	MLPX
Utilities	48.8%	0.4%
Industrials	22.0%	0.3%
Energy	19.0%	99.6%
Communication Services	4.7%	-
Real Estate	1.9%	-
Financial Services	1.7%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Technology	-	-

Return for Risk

BILD vs. MLPX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BILD

BILD Risk / Return Rank: 46
BILD Sharpe Ratio Rank: 45
BILD Sortino Ratio Rank: 43
BILD Omega Ratio Rank: 43
BILD Calmar Ratio Rank: 58
BILD Martin Ratio Rank: 44

MLPX

MLPX Risk / Return Rank: 57
MLPX Sharpe Ratio Rank: 55
MLPX Sortino Ratio Rank: 55
MLPX Omega Ratio Rank: 50
MLPX Calmar Ratio Rank: 74
MLPX Martin Ratio Rank: 52

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BILD vs. MLPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Macquarie Global Listed Infrastructure ETF (BILD) and Global X MLP & Energy Infrastructure ETF (MLPX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BILD	MLPX	Difference
Sharpe ratio: Return per unit of total volatility	1.29	1.53	-0.24
Sortino ratio: Return per unit of downside risk	1.79	2.18	-0.40
Omega ratio: Gain probability vs. loss probability	1.23	1.26	-0.03
Calmar ratio: Return relative to maximum drawdown	2.34	2.95	-0.60
Martin ratio: Return relative to average drawdown	5.56	6.86	-1.30

BILD vs. MLPX - Sharpe Ratio Comparison

The current BILD Sharpe Ratio is 1.29, which is comparable to the MLPX Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of BILD and MLPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BILD vs. MLPX - Drawdown Comparison

The maximum BILD drawdown since its inception was -14.78%, smaller than the maximum MLPX drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for BILD and MLPX.

Drawdown Indicators

	BILD	MLPX	Difference
Max Drawdown Largest peak-to-trough decline	-14.78%	-70.67%	+55.89%
Max Drawdown (1Y) Largest decline over 1 year	-6.05%	-8.18%	+2.13%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.72%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-64.70%	—
Current Drawdown Current decline from peak	-3.37%	-5.94%	+2.57%
Average Drawdown Average peak-to-trough decline	-3.68%	-16.46%	+12.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	3.51%	-0.96%

Volatility

BILD vs. MLPX - Volatility Comparison

The current volatility for Macquarie Global Listed Infrastructure ETF (BILD) is 2.91%, while Global X MLP & Energy Infrastructure ETF (MLPX) has a volatility of 4.81%. This indicates that BILD experiences smaller price fluctuations and is considered to be less risky than MLPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BILD	MLPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.91%	4.81%	-1.90%
Volatility (6M) Calculated over the trailing 6-month period	9.10%	12.43%	-3.33%
Volatility (1Y) Calculated over the trailing 1-year period	10.98%	15.79%	-4.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.07%	19.90%	-6.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.07%	26.13%	-13.06%

BILD vs. MLPX - Expense Ratio Comparison

BILD has a 0.49% expense ratio, which is higher than MLPX's 0.45% expense ratio.

Dividends

BILD vs. MLPX - Dividend Comparison

BILD's dividend yield for the trailing twelve months is around 4.73%, more than MLPX's 4.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BILD Macquarie Global Listed Infrastructure ETF	4.73%	3.05%	5.53%	0.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MLPX Global X MLP & Energy Infrastructure ETF	4.16%	4.88%	4.30%	5.22%	5.23%	5.98%	8.32%	5.78%	5.77%	4.36%	5.50%	4.81%

Frequently Asked Questions

Can I hold both BILD and MLPX in my portfolio?

BILD and MLPX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BILD or MLPX?

MLPX has higher volatility (4.81%) compared to BILD (2.91%). In terms of maximum drawdown, BILD dropped -14.78% vs MLPX's -70.67%.

Which ETF is better, BILD or MLPX?

On 1-year performance, MLPX leads with 23.99% vs 14.12% for BILD. On fees, MLPX is cheaper at 0.45% per year. On volatility, BILD has been the lower-risk option at 2.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BILD or MLPX?

Over the 1-year period, MLPX has performed better with a 23.99% return vs 14.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BILD or MLPX?

MLPX is cheaper with a 0.45% expense ratio, compared with 0.49% for BILD.

Which ETF pays a higher dividend yield, BILD or MLPX?

BILD has the higher dividend yield at 4.73%, compared with 4.16% for MLPX.

What is the main difference between BILD and MLPX?

They also come from different issuers: Macquarie and Global X. Their fees differ too: 0.49% for BILD and 0.45% for MLPX.

Which has better risk-adjusted returns?

MLPX currently has the higher Sharpe Ratio (1.53 vs 1.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.