GTOP vs. MLPX
GTOP (Goldman Sachs Technology Opportunities ETF) and MLPX (Global X MLP & Energy Infrastructure ETF) are both exchange-traded funds - GTOP is a Technology Equities fund actively managed by Goldman Sachs, while MLPX is a Infrastructure Equities fund tracking the Solactive MLP & Energy Infrastructure Index. GTOP is actively managed, while MLPX is passively managed. Their -0.23 correlation means they have often moved in opposite directions in the past. GTOP charges 0.65%/yr vs 0.45%/yr for MLPX.
Performance
GTOP vs. MLPX - Performance Comparison
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Returns By Period
In the year-to-date period, GTOP achieves a 25.00% return, which is significantly higher than MLPX's 23.25% return.
GTOP
- 1D
- -0.78%
- 1M
- 1.08%
- 6M
- 32.41%
- YTD
- 25.00%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
MLPX
- 1D
- -1.55%
- 1M
- 0.23%
- 6M
- 12.61%
- YTD
- 23.25%
- 1Y
- 23.99%
- 3Y*
- 25.40%
- 5Y*
- 22.40%
- 10Y*
- 11.74%
- ALL TIME*
- 9.10%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $674.27K | $779.49K | $675.88K | |
| $37.87M | $35.74M | $31.49M |
GTOP vs. MLPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GTOP Goldman Sachs Technology Opportunities ETF | 25.00% | -1.02% |
MLPX Global X MLP & Energy Infrastructure ETF | 23.25% | -1.49% |
Correlation
The correlation between GTOP and MLPX is -0.23, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 8, 2025 | -0.23 |
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Return for Risk
GTOP vs. MLPX — Risk / Return Rank
GTOP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MLPX
GTOP vs. MLPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Technology Opportunities ETF (GTOP) 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.
| GTOP | MLPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.26 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.95 | — |
| Martin ratioReturn relative to average drawdown | — | 6.86 | — |
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Drawdowns
GTOP vs. MLPX - Drawdown Comparison
The maximum GTOP drawdown since its inception was -14.47%, smaller than the maximum MLPX drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for GTOP and MLPX.
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Drawdown Indicators
| GTOP | MLPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.47% | -70.67% | +56.20% |
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 | -2.26% | -5.94% | +3.68% |
Average DrawdownAverage peak-to-trough decline | -3.75% | -16.46% | +12.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.51% | — |
Volatility
GTOP vs. MLPX - Volatility Comparison
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Volatility by Period
| GTOP | MLPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.81% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.43% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 25.30% | 15.79% | +9.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.30% | 19.90% | +5.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.30% | 26.13% | -0.83% |
GTOP vs. MLPX - Expense Ratio Comparison
GTOP has a 0.65% expense ratio, which is higher than MLPX's 0.45% expense ratio.
Dividends
GTOP vs. MLPX - Dividend Comparison
GTOP has not paid dividends to shareholders, while MLPX's dividend yield for the trailing twelve months is around 4.16%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTOP Goldman Sachs Technology Opportunities 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 | 4.16% | 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
GTOP and MLPX have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MLPX is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MLPX is cheaper with a 0.45% expense ratio, compared with 0.65% for GTOP.
MLPX has the higher dividend yield at 4.16%, compared with 0.00% for GTOP.
GTOP is categorized as Technology Equities, while MLPX is Infrastructure Equities. They also come from different issuers: Goldman Sachs and Global X. Their fees differ too: 0.65% for GTOP and 0.45% for MLPX.
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