BTOT vs. MLPX
BTOT (iShares Total USD Fixed Income Market ETF) and MLPX (Global X MLP & Energy Infrastructure ETF) are both exchange-traded funds - BTOT is a Total Bond Market fund tracking the Bloomberg US Total Fixed Income Market Index, while MLPX is a MLPs fund tracking the Solactive MLP & Energy Infrastructure Index. Both are passively managed. At a correlation of -0.20, they often move in opposite directions. BTOT charges 0.09%/yr vs 0.45%/yr for MLPX.
Performance
BTOT vs. MLPX - Performance Comparison
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Returns By Period
In the year-to-date period, BTOT achieves a 1.04% return, which is significantly lower than MLPX's 23.61% return.
BTOT
- 1D
- 0.42%
- 1M
- 1.09%
- YTD
- 1.04%
- 6M
- 0.97%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MLPX
- 1D
- -1.39%
- 1M
- -5.31%
- YTD
- 23.61%
- 6M
- 23.85%
- 1Y
- 23.77%
- 3Y*
- 28.96%
- 5Y*
- 20.92%
- 10Y*
- 12.30%
BTOT vs. MLPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BTOT iShares Total USD Fixed Income Market ETF | 1.04% | 0.12% |
MLPX Global X MLP & Energy Infrastructure ETF | 23.61% | 0.83% |
Correlation
The correlation between BTOT and MLPX is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025 | -0.20 |
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Return for Risk
BTOT vs. MLPX — Risk / Return Rank
BTOT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MLPX
BTOT vs. MLPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Total USD Fixed Income Market ETF (BTOT) 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.
| BTOT | MLPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.27 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.92 | — |
| Martin ratioReturn relative to average drawdown | — | 6.98 | — |
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Drawdowns
BTOT vs. MLPX - Drawdown Comparison
The maximum BTOT drawdown since its inception was -2.36%, smaller than the maximum MLPX drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for BTOT and MLPX.
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Drawdown Indicators
| BTOT | MLPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.36% | -70.67% | +68.31% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.18% | — |
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 DrawdownCurrent decline from peak | -0.54% | -5.67% | +5.13% |
Average DrawdownAverage peak-to-trough decline | -0.79% | -16.58% | +15.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.42% | — |
Volatility
BTOT vs. MLPX - Volatility Comparison
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Volatility by Period
| BTOT | MLPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.79% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.89% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.73% | 15.42% | -11.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.73% | 20.00% | -16.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.73% | 26.47% | -22.74% |
BTOT vs. MLPX - Expense Ratio Comparison
BTOT has a 0.09% expense ratio, which is lower than MLPX's 0.45% expense ratio.
Dividends
BTOT vs. MLPX - Dividend Comparison
BTOT's dividend yield for the trailing twelve months is around 2.11%, less than MLPX's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTOT iShares Total USD Fixed Income Market ETF | 2.11% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.15% | 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
BTOT and MLPX have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BTOT is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BTOT is cheaper with a 0.09% expense ratio, compared with 0.45% for MLPX.
MLPX has the higher dividend yield at 4.15%, compared with 2.11% for BTOT.
BTOT is categorized as Total Bond Market, while MLPX is MLPs. BTOT tracks Bloomberg US Total Fixed Income Market Index, while MLPX tracks Solactive MLP & Energy Infrastructure Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.09% for BTOT and 0.45% for MLPX.
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