GOLD vs. MLPX

Last updated Jun 24, 2026

GOLD (Barrick Mining Corporation) is a stock, while MLPX (Global X MLP & Energy Infrastructure ETF) is MLPs fund tracking the Solactive MLP & Energy Infrastructure Index. At a 0.04 correlation, their price movements are largely independent.

Performance

GOLD vs. MLPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Barrick Mining Corporation (GOLD) and Global X MLP & Energy Infrastructure ETF (MLPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with GOLD having a 25.52% return and MLPX slightly lower at 25.35%.

GOLD

• 1D: 1.36%
• 1M: -2.35%
• YTD: 25.52%
• 6M: 26.68%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MLPX

• 1D: 1.68%
• 1M: -3.98%
• YTD: 25.35%
• 6M: 25.51%
• 1Y: 27.11%
• 3Y*: 29.56%
• 5Y*: 21.27%
• 10Y*: 12.45%

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

GOLD vs. MLPX - Yearly Performance Comparison

	2026 (YTD)	2025
GOLD Barrick Mining Corporation	25.52%	13.01%
MLPX Global X MLP & Energy Infrastructure ETF	25.35%	-0.52%

Correlation

The correlation between GOLD and MLPX is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 2, 2025	0.04

Return for Risk

GOLD vs. MLPX — Risk / Return Rank

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

GOLD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

MLPX

MLPX Risk / Return Rank: 55
MLPX Sharpe Ratio Rank: 54
MLPX Sortino Ratio Rank: 53
MLPX Omega Ratio Rank: 49
MLPX Calmar Ratio Rank: 69
MLPX Martin Ratio Rank: 49

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.

GOLD vs. MLPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Barrick Mining Corporation (GOLD) 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.

	GOLD	MLPX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.77	—
Sortino ratio: Return per unit of downside risk	—	2.46	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	3.33	—
Martin ratio: Return relative to average drawdown	—	8.00	—

Drawdowns

GOLD vs. MLPX - Drawdown Comparison

The maximum GOLD drawdown since its inception was -40.58%, smaller than the maximum MLPX drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for GOLD and MLPX.

Drawdown Indicators

	GOLD	MLPX	Difference
Max Drawdown Largest peak-to-trough decline	-40.58%	-70.67%	+30.09%
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 Drawdown Current decline from peak	-33.36%	-4.34%	-29.02%
Average Drawdown Average peak-to-trough decline	-18.68%	-16.58%	-2.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.40%	—

Volatility

Volatility by Period

	GOLD	MLPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.80%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.78%	—
Volatility (1Y) Calculated over the trailing 1-year period	57.50%	15.43%	+42.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.50%	19.99%	+37.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.50%	26.47%	+31.03%

Dividends

GOLD vs. MLPX - Dividend Comparison

GOLD's dividend yield for the trailing twelve months is around 0.94%, less than MLPX's 4.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GOLD Barrick Mining Corporation	0.94%	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	4.09%	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 GOLD and MLPX in my portfolio?

GOLD and MLPX have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.