BKGI vs. MLPX
BKGI (Bny Mellon Global Infrastructure Income ETF) and MLPX (Global X MLP & Energy Infrastructure ETF) are both Infrastructure Equities funds. BKGI is actively managed, while MLPX is passively managed. Over the past 3 years, BKGI returned 21.24%/yr vs 26.63%/yr for MLPX. Their 0.58 correlation means they have sometimes moved together and sometimes differently. BKGI charges 0.65%/yr vs 0.45%/yr for MLPX.
Performance
BKGI vs. MLPX - Performance Comparison
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Returns By Period
In the year-to-date period, BKGI achieves a 14.23% return, which is significantly lower than MLPX's 26.75% return.
BKGI
- 1D
- -0.29%
- 1M
- 1.55%
- 6M
- 8.99%
- YTD
- 14.23%
- 1Y
- 20.08%
- 3Y*
- 21.24%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 21.98%
MLPX
- 1D
- 0.31%
- 1M
- 2.91%
- 6M
- 17.40%
- YTD
- 26.75%
- 1Y
- 26.87%
- 3Y*
- 26.63%
- 5Y*
- 22.92%
- 10Y*
- 12.35%
- ALL TIME*
- 9.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $18.95M | $14.99M | $11.61M | |
| $36.85M | $35.99M | $31.05M |
BKGI vs. MLPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BKGI Bny Mellon Global Infrastructure Income ETF | 14.23% | 37.53% | 12.35% | 9.72% | 8.54% |
MLPX Global X MLP & Energy Infrastructure ETF | 26.75% | 4.96% | 42.90% | 15.77% | -1.52% |
Correlation
The correlation between BKGI and MLPX is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2022 | 0.58 |
Over the past year, the correlation between BKGI and MLPX has dropped to 0.37 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
BKGI vs. MLPX - Sectors Allocation Comparison
Sectors
BKGI
MLPX
Utilities
Energy
Real Estate
-
Industrials
Communication Services
-
Basic Materials
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Financial Services
-
-
Healthcare
-
-
Technology
-
-
Utilities
BKGI
MLPX
Energy
BKGI
MLPX
Real Estate
BKGI
MLPX
-
Industrials
BKGI
MLPX
Communication Services
BKGI
MLPX
-
Basic Materials
BKGI
-
MLPX
-
Consumer Cyclical
BKGI
-
MLPX
-
Consumer Defensive
BKGI
-
MLPX
-
Financial Services
BKGI
-
MLPX
-
Healthcare
BKGI
-
MLPX
-
Technology
BKGI
-
MLPX
-
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Return for Risk
BKGI vs. MLPX — Risk / Return Rank
BKGI
MLPX
BKGI vs. MLPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bny Mellon Global Infrastructure Income ETF (BKGI) 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.
| BKGI | MLPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.29 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 3.27 | +0.11 |
| Martin ratioReturn relative to average drawdown | 10.08 | 7.63 | +2.45 |
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Drawdowns
BKGI vs. MLPX - Drawdown Comparison
The maximum BKGI drawdown since its inception was -14.79%, smaller than the maximum MLPX drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for BKGI and MLPX.
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Drawdown Indicators
| BKGI | MLPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.79% | -70.67% | +55.88% |
Max Drawdown (1Y)Largest decline over 1 year | -6.16% | -8.18% | +2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -11.37% | -16.77% | +5.40% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.72% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.70% | — |
Current DrawdownCurrent decline from peak | -1.78% | -3.27% | +1.49% |
Average DrawdownAverage peak-to-trough decline | -2.54% | -16.47% | +13.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 3.49% | -1.43% |
Volatility
BKGI vs. MLPX - Volatility Comparison
The current volatility for Bny Mellon Global Infrastructure Income ETF (BKGI) is 3.04%, while Global X MLP & Energy Infrastructure ETF (MLPX) has a volatility of 5.46%. This indicates that BKGI 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.
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Volatility by Period
| BKGI | MLPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 5.46% | -2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 9.55% | 12.52% | -2.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.58% | 15.68% | -4.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.95% | 19.90% | -5.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.95% | 26.14% | -12.19% |
BKGI vs. MLPX - Expense Ratio Comparison
BKGI has a 0.65% expense ratio, which is higher than MLPX's 0.45% expense ratio.
Dividends
BKGI vs. MLPX - Dividend Comparison
BKGI's dividend yield for the trailing twelve months is around 2.89%, less than MLPX's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKGI Bny Mellon Global Infrastructure Income ETF | 2.89% | 2.65% | 4.55% | 4.55% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.05% | 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
BKGI and MLPX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MLPX has higher volatility (5.46%) compared to BKGI (3.04%). In terms of maximum drawdown, BKGI dropped -14.79% vs MLPX's -70.67%.
On 3-year performance, MLPX leads with 26.63% vs 21.24% for BKGI. On fees, MLPX is cheaper at 0.45% per year. On volatility, BKGI has been the lower-risk option at 3.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, MLPX has performed better with a 26.63% return vs 21.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MLPX is cheaper with a 0.45% expense ratio, compared with 0.65% for BKGI.
MLPX has the higher dividend yield at 4.05%, compared with 2.89% for BKGI.
They also come from different issuers: BNY Mellon and Global X. Their fees differ too: 0.65% for BKGI and 0.45% for MLPX.
BKGI currently has the higher Sharpe Ratio (1.80 vs 1.71), 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.
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