GMEU vs. MLPX

Last updated Jul 11, 2026

GMEU (T-Rex 2X Long GME Daily Target ETF) and MLPX (Global X MLP & Energy Infrastructure ETF) are both exchange-traded funds - GMEU is a Leveraged Equities fund actively managed by T-Rex, while MLPX is a MLPs fund tracking the Solactive MLP & Energy Infrastructure Index. GMEU is actively managed, while MLPX is passively managed. Over the past year, GMEU returned -45.52% vs 27.55% for MLPX. At a correlation of -0.08, they often move in opposite directions. GMEU charges 1.50%/yr vs 0.45%/yr for MLPX.

Performance

GMEU vs. MLPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long GME Daily Target ETF (GMEU) 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, GMEU achieves a -9.24% return, which is significantly lower than MLPX's 25.99% return.

GMEU

• 1D: -2.53%
• 1M: -3.95%
• 6M: -17.66%
• YTD: -9.24%
• 1Y: -45.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MLPX

• 1D: -0.68%
• 1M: 0.61%
• 6M: 26.99%
• YTD: 25.99%
• 1Y: 27.55%
• 3Y*: 27.27%
• 5Y*: 21.39%
• 10Y*: 11.94%

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

GMEU vs. MLPX - Yearly Performance Comparison

	2026 (YTD)	2025
GMEU T-Rex 2X Long GME Daily Target ETF	-9.24%	-65.67%
MLPX Global X MLP & Energy Infrastructure ETF	25.99%	2.01%

Correlation

The correlation between GMEU and MLPX is -0.15, 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 (1Y) Calculated over the trailing 1-year period	-0.15
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	-0.08

Return for Risk

GMEU vs. MLPX — Risk / Return Rank

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

GMEU

GMEU Risk / Return Rank: 4
GMEU Sharpe Ratio Rank: 4
GMEU Sortino Ratio Rank: 5
GMEU Omega Ratio Rank: 5
GMEU Calmar Ratio Rank: 3
GMEU Martin Ratio Rank: 3

MLPX

MLPX Risk / Return Rank: 69
MLPX Sharpe Ratio Rank: 70
MLPX Sortino Ratio Rank: 70
MLPX Omega Ratio Rank: 63
MLPX Calmar Ratio Rank: 81
MLPX Martin Ratio Rank: 59

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.

GMEU vs. MLPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long GME Daily Target ETF (GMEU) 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.

	GMEU	MLPX	Difference
Sharpe ratio: Return per unit of total volatility	-0.63	1.80	-2.43
Sortino ratio: Return per unit of downside risk	-0.68	2.53	-3.22
Omega ratio: Gain probability vs. loss probability	0.92	1.30	-0.38
Calmar ratio: Return relative to maximum drawdown	-0.76	3.45	-4.21
Martin ratio: Return relative to average drawdown	-1.16	8.14	-9.30

GMEU vs. MLPX - Sharpe Ratio Comparison

The current GMEU Sharpe Ratio is -0.63, which is lower than the MLPX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of GMEU 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

GMEU vs. MLPX - Drawdown Comparison

The maximum GMEU drawdown since its inception was -80.76%, which is greater than MLPX's maximum drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for GMEU and MLPX.

Drawdown Indicators

	GMEU	MLPX	Difference
Max Drawdown Largest peak-to-trough decline	-80.76%	-70.67%	-10.09%
Max Drawdown (1Y) Largest decline over 1 year	-58.94%	-8.18%	-50.76%
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	-79.89%	-3.85%	-76.04%
Average Drawdown Average peak-to-trough decline	-64.30%	-16.54%	-47.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	38.46%	3.46%	+35.00%

Volatility

GMEU vs. MLPX - Volatility Comparison

T-Rex 2X Long GME Daily Target ETF (GMEU) has a higher volatility of 14.91% compared to Global X MLP & Energy Infrastructure ETF (MLPX) at 5.85%. This indicates that GMEU's price experiences larger fluctuations and is considered to be riskier than MLPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMEU	MLPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.91%	5.85%	+9.06%
Volatility (6M) Calculated over the trailing 6-month period	55.65%	12.31%	+43.34%
Volatility (1Y) Calculated over the trailing 1-year period	70.90%	15.69%	+55.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.19%	20.02%	+67.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	87.19%	26.25%	+60.94%

GMEU vs. MLPX - Expense Ratio Comparison

GMEU has a 1.50% expense ratio, which is higher than MLPX's 0.45% expense ratio.

Dividends

GMEU vs. MLPX - Dividend Comparison

GMEU has not paid dividends to shareholders, while MLPX's dividend yield for the trailing twelve months is around 4.07%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GMEU T-Rex 2X Long GME Daily Target ETF	0.00%	0.00%	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	4.07%	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 GMEU and MLPX in my portfolio?

GMEU and MLPX have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GMEU or MLPX?

GMEU has higher volatility (14.91%) compared to MLPX (5.85%). In terms of maximum drawdown, GMEU dropped -80.76% vs MLPX's -70.67%.

Which ETF is better, GMEU or MLPX?

On 1-year performance, MLPX leads with 27.55% vs -45.52% for GMEU. On fees, MLPX is cheaper at 0.45% per year. On volatility, MLPX has been the lower-risk option at 5.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GMEU or MLPX?

Over the 1-year period, MLPX has performed better with a 27.55% return vs -45.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GMEU or MLPX?

MLPX is cheaper with a 0.45% expense ratio, compared with 1.50% for GMEU.

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

MLPX has the higher dividend yield at 4.07%, compared with 0.00% for GMEU.

What is the main difference between GMEU and MLPX?

GMEU is categorized as Leveraged Equities, while MLPX is MLPs. They also come from different issuers: T-Rex and Global X. Their fees differ too: 1.50% for GMEU and 0.45% for MLPX.

Which has better risk-adjusted returns?

MLPX currently has the higher Sharpe Ratio (1.80 vs -0.63), 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.