EUSA vs. MLPX

Last updated Jun 19, 2026

EUSA (iShares MSCI USA Equal Weighted ETF) and MLPX (Global X MLP & Energy Infrastructure ETF) are both exchange-traded funds - EUSA is a Mid Cap Blend Equities fund tracking the MSCI USA Equal Weighted Index, while MLPX is a MLPs fund tracking the Solactive MLP & Energy Infrastructure Index. Both are passively managed. Over the past 10 years, EUSA returned 11.59%/yr vs 12.12%/yr for MLPX. A 0.57 correlation means they provide meaningful diversification when combined. EUSA charges 0.09%/yr vs 0.45%/yr for MLPX.

Performance

EUSA vs. MLPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA Equal Weighted ETF (EUSA) 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, EUSA achieves a 9.38% return, which is significantly lower than MLPX's 21.97% return. Both investments have delivered pretty close results over the past 10 years, with EUSA having a 11.59% annualized return and MLPX not far ahead at 12.12%.

EUSA

• 1D: 0.47%
• 1M: 4.24%
• YTD: 9.38%
• 6M: 9.41%
• 1Y: 18.63%
• 3Y*: 14.76%
• 5Y*: 8.22%
• 10Y*: 11.59%

MLPX

• 1D: 0.51%
• 1M: -6.92%
• YTD: 21.97%
• 6M: 24.86%
• 1Y: 22.58%
• 3Y*: 27.21%
• 5Y*: 21.17%
• 10Y*: 12.12%

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

EUSA vs. MLPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUSA iShares MSCI USA Equal Weighted ETF	9.38%	10.24%	14.64%	17.72%	-17.13%	25.60%	15.03%	30.56%	-8.58%	19.02%
MLPX Global X MLP & Energy Infrastructure ETF	21.97%	4.96%	42.90%	15.77%	21.54%	39.63%	-20.32%	19.04%	-15.64%	-4.53%

Correlation

The correlation between EUSA and MLPX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.57
Correlation (All Time) Calculated using the full available price history since Aug 7, 2013	0.57

Over the past year, the correlation between EUSA and MLPX has dropped to 0.11 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.

EUSA vs. MLPX - Sectors Allocation Comparison

Sectors	EUSA	MLPX
Technology	20.3%	-
Industrials	15.3%	-
Financial Services	14.7%	-
Consumer Cyclical	11.1%	-
Healthcare	10.8%	-
Utilities	5.4%	0.3%
Consumer Defensive	5.3%	-
Real Estate	5.2%	-
Basic Materials	4.3%	-
Communication Services	4.0%	-
Energy	3.8%	99.6%

Return for Risk

EUSA vs. MLPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EUSA

EUSA Risk / Return Rank: 49
EUSA Sharpe Ratio Rank: 47
EUSA Sortino Ratio Rank: 48
EUSA Omega Ratio Rank: 44
EUSA Calmar Ratio Rank: 51
EUSA Martin Ratio Rank: 57

MLPX

MLPX Risk / Return Rank: 46
MLPX Sharpe Ratio Rank: 45
MLPX Sortino Ratio Rank: 43
MLPX Omega Ratio Rank: 40
MLPX Calmar Ratio Rank: 60
MLPX Martin Ratio Rank: 43

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EUSA vs. MLPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Equal Weighted ETF (EUSA) 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.

	EUSA	MLPX	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.48	+0.07
Sortino ratio: Return per unit of downside risk	2.23	2.08	+0.15
Omega ratio: Gain probability vs. loss probability	1.27	1.25	+0.01
Calmar ratio: Return relative to maximum drawdown	2.39	2.77	-0.38
Martin ratio: Return relative to average drawdown	9.43	6.72	+2.71

EUSA vs. MLPX - Sharpe Ratio Comparison

The current EUSA Sharpe Ratio is 1.55, which is comparable to the MLPX Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of EUSA 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

EUSA vs. MLPX - Drawdown Comparison

The maximum EUSA drawdown since its inception was -39.16%, smaller than the maximum MLPX drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for EUSA and MLPX.

Drawdown Indicators

	EUSA	MLPX	Difference
Max Drawdown Largest peak-to-trough decline	-39.16%	-70.67%	+31.51%
Max Drawdown (1Y) Largest decline over 1 year	-7.82%	-8.18%	+0.36%
Max Drawdown (3Y) Largest decline over 3 years	-18.20%	-16.77%	-1.43%
Max Drawdown (5Y) Largest decline over 5 years	-25.24%	-19.72%	-5.52%
Max Drawdown (10Y) Largest decline over 10 years	-39.16%	-64.70%	+25.54%
Current Drawdown Current decline from peak	-1.23%	-6.92%	+5.69%
Average Drawdown Average peak-to-trough decline	-4.59%	-16.59%	+12.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	3.37%	-1.39%

Volatility

EUSA vs. MLPX - Volatility Comparison

The current volatility for iShares MSCI USA Equal Weighted ETF (EUSA) is 3.92%, while Global X MLP & Energy Infrastructure ETF (MLPX) has a volatility of 5.45%. This indicates that EUSA 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

	EUSA	MLPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.92%	5.45%	-1.53%
Volatility (6M) Calculated over the trailing 6-month period	9.11%	11.69%	-2.58%
Volatility (1Y) Calculated over the trailing 1-year period	12.08%	15.32%	-3.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.00%	20.01%	-3.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.36%	26.48%	-8.12%

EUSA vs. MLPX - Expense Ratio Comparison

EUSA has a 0.09% expense ratio, which is lower than MLPX's 0.45% expense ratio.

Dividends

EUSA vs. MLPX - Dividend Comparison

EUSA's dividend yield for the trailing twelve months is around 1.48%, less than MLPX's 4.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUSA iShares MSCI USA Equal Weighted ETF	1.48%	1.63%	1.47%	1.53%	1.73%	1.23%	1.45%	1.49%	2.01%	1.50%	1.59%	2.21%
MLPX Global X MLP & Energy Infrastructure ETF	4.20%	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 EUSA and MLPX in my portfolio?

EUSA and MLPX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EUSA or MLPX?

MLPX has higher volatility (5.45%) compared to EUSA (3.92%). In terms of maximum drawdown, EUSA dropped -39.16% vs MLPX's -70.67%.

Which ETF is better, EUSA or MLPX?

On 10-year performance, MLPX leads with 12.12% vs 11.59% for EUSA. On fees, EUSA is cheaper at 0.09% per year. On volatility, EUSA has been the lower-risk option at 3.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EUSA or MLPX?

Over the 10-year period, MLPX has performed better with a 12.12% return vs 11.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EUSA or MLPX?

EUSA is cheaper with a 0.09% expense ratio, compared with 0.45% for MLPX.

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

MLPX has the higher dividend yield at 4.20%, compared with 1.48% for EUSA.

What is the main difference between EUSA and MLPX?

EUSA is categorized as Mid Cap Blend Equities, while MLPX is MLPs. EUSA tracks MSCI USA Equal Weighted 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 EUSA and 0.45% for MLPX.

Which has better risk-adjusted returns?

EUSA currently has the higher Sharpe Ratio (1.55 vs 1.48), 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.