EINC vs. MLPX

Last updated Aug 4, 2026

EINC (VanEck Energy Income ETF) and MLPX (Global X MLP & Energy Infrastructure ETF) are both exchange-traded funds - EINC is a Energy Equities fund tracking the MVIS North America Energy Infrastructure Index, while MLPX is a Infrastructure Equities fund tracking the Solactive MLP & Energy Infrastructure Index. Both are passively managed. Over the past 10 years, EINC returned 11.27%/yr vs 11.93%/yr for MLPX. Their correlation of 0.85 means they have usually moved in the same direction. EINC charges 0.46%/yr vs 0.45%/yr for MLPX.

Performance

EINC vs. MLPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Energy Income ETF (EINC) 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, EINC achieves a 27.20% return, which is significantly higher than MLPX's 25.38% return. Over the past 10 years, EINC has underperformed MLPX with an annualized return of 11.27%, while MLPX has yielded a comparatively higher 11.93% annualized return.

EINC

• 1D: -1.08%
• 1M: 2.56%
• 6M: 20.49%
• YTD: 27.20%
• 1Y: 29.08%
• 3Y*: 27.42%
• 5Y*: 22.70%
• 10Y*: 11.27%
• ALL TIME*: 0.99%

MLPX

• 1D: -1.08%
• 1M: 1.80%
• 6M: 17.55%
• YTD: 25.38%
• 1Y: 25.50%
• 3Y*: 26.11%
• 5Y*: 22.95%
• 10Y*: 11.93%
• ALL TIME*: 9.25%

*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)
EINC VanEck Energy Income ETF	$731.46K	$2.80M	$2.24M
MLPX Global X MLP & Energy Infrastructure ETF	$36.35M	$37.38M	$31.63M

EINC vs. MLPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EINC VanEck Energy Income ETF	27.20%	7.11%	42.79%	15.55%	19.18%	38.05%	-19.89%	16.98%	-19.85%	-3.45%
MLPX Global X MLP & Energy Infrastructure ETF	25.38%	4.96%	42.90%	15.77%	21.54%	39.63%	-20.32%	19.04%	-15.64%	-4.53%

Correlation

The correlation between EINC and MLPX is 0.95, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.95
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (10Y) Provides a long-term view across more market conditions.	0.88
Correlation (All Time) Calculated using the full available price history since Aug 7, 2013	0.85

The correlation between EINC and MLPX has been stable across timeframes, ranging from 0.85 to 0.95 - a consistent structural relationship.

EINC vs. MLPX - Sectors Allocation Comparison

Sectors	EINC	MLPX
Energy	99.5%	99.6%
Industrials	0.6%	0.3%
Utilities	0.5%	0.4%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	-

Return for Risk

EINC vs. MLPX — Risk / Return Rank

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

EINC

EINC Risk / Return Rank: 79
EINC Sharpe Ratio Rank: 80
EINC Sortino Ratio Rank: 77
EINC Omega Ratio Rank: 77
EINC Calmar Ratio Rank: 88
EINC Martin Ratio Rank: 71

MLPX

MLPX Risk / Return Rank: 69
MLPX Sharpe Ratio Rank: 70
MLPX Sortino Ratio Rank: 70
MLPX Omega Ratio Rank: 64
MLPX Calmar Ratio Rank: 83
MLPX Martin Ratio Rank: 59

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.

EINC vs. MLPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Energy Income ETF (EINC) 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.

	EINC	MLPX	Difference
Sharpe ratio: Return per unit of total volatility	1.89	1.63	+0.26
Sortino ratio: Return per unit of downside risk	2.58	2.32	+0.26
Omega ratio: Gain probability vs. loss probability	1.33	1.28	+0.05
Calmar ratio: Return relative to maximum drawdown	3.70	3.13	+0.57
Martin ratio: Return relative to average drawdown	9.02	7.30	+1.73

EINC vs. MLPX - Sharpe Ratio Comparison

The current EINC Sharpe Ratio is 1.89, which is comparable to the MLPX Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of EINC 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

EINC vs. MLPX - Drawdown Comparison

The maximum EINC drawdown since its inception was -87.55%, which is greater than MLPX's maximum drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for EINC and MLPX.

Drawdown Indicators

	EINC	MLPX	Difference
Max Drawdown Largest peak-to-trough decline	-87.55%	-70.67%	-16.88%
Max Drawdown (1Y) Largest decline over 1 year	-7.89%	-8.18%	+0.29%
Max Drawdown (3Y) Largest decline over 3 years	-16.01%	-16.77%	+0.76%
Max Drawdown (5Y) Largest decline over 5 years	-19.87%	-19.72%	-0.15%
Max Drawdown (10Y) Largest decline over 10 years	-68.85%	-64.70%	-4.15%
Current Drawdown Current decline from peak	-3.57%	-4.32%	+0.75%
Average Drawdown Average peak-to-trough decline	-43.83%	-16.47%	-27.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	3.50%	-0.27%

Volatility

EINC vs. MLPX - Volatility Comparison

VanEck Energy Income ETF (EINC) and Global X MLP & Energy Infrastructure ETF (MLPX) have volatilities of 5.70% and 5.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EINC	MLPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.70%	5.58%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	12.69%	12.57%	+0.12%
Volatility (1Y) Calculated over the trailing 1-year period	15.47%	15.73%	-0.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.49%	19.90%	-0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.33%	26.13%	-0.80%

EINC vs. MLPX - Expense Ratio Comparison

EINC has a 0.46% expense ratio, which is higher than MLPX's 0.45% expense ratio.

Dividends

EINC vs. MLPX - Dividend Comparison

EINC's dividend yield for the trailing twelve months is around 4.23%, more than MLPX's 4.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EINC VanEck Energy Income ETF	4.23%	4.51%	3.33%	3.77%	2.89%	6.03%	6.69%	9.66%	11.31%	8.53%	9.71%	28.53%
MLPX Global X MLP & Energy Infrastructure ETF	4.09%	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 EINC and MLPX in my portfolio?

With a correlation of 0.95, EINC and MLPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, EINC or MLPX?

EINC has higher volatility (5.70%) compared to MLPX (5.58%). In terms of maximum drawdown, EINC dropped -87.55% vs MLPX's -70.67%.

Which ETF is better, EINC or MLPX?

On 10-year performance, MLPX leads with 11.93% vs 11.27% for EINC. On fees, MLPX is cheaper at 0.45% per year. On volatility, MLPX has been the lower-risk option at 5.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EINC or MLPX?

Over the 10-year period, MLPX has performed better with a 11.93% return vs 11.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EINC or MLPX?

MLPX is cheaper with a 0.45% expense ratio, compared with 0.46% for EINC.

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

EINC has the higher dividend yield at 4.23%, compared with 4.09% for MLPX.

What is the main difference between EINC and MLPX?

EINC is categorized as Energy Equities, while MLPX is Infrastructure Equities. EINC tracks MVIS North America Energy Infrastructure Index, while MLPX tracks Solactive MLP & Energy Infrastructure Index. They also come from different issuers: VanEck and Global X. Their fees differ too: 0.46% for EINC and 0.45% for MLPX.

Which has better risk-adjusted returns?

EINC currently has the higher Sharpe Ratio (1.89 vs 1.63), 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.