GXPE vs. MLPI

Last updated Aug 1, 2026

GXPE (Global X PureCap MSCI Energy ETF) and MLPI (NEOS MLP & Energy Infrastructure High Income ETF) are both exchange-traded funds - GXPE is a Energy Equities fund tracking the MSCI USA Energy PureCap Index, while MLPI is a Infrastructure Equities fund actively managed by Neos. GXPE is passively managed, while MLPI is actively managed. Their 0.67 correlation means they have sometimes moved together and sometimes differently. GXPE charges 0.15%/yr vs 0.68%/yr for MLPI.

Performance

GXPE vs. MLPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X PureCap MSCI Energy ETF (GXPE) and NEOS MLP & Energy Infrastructure High Income ETF (MLPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GXPE achieves a 34.48% return, which is significantly higher than MLPI's 18.15% return.

GXPE

• 1D: 0.83%
• 1M: 12.27%
• 6M: 17.67%
• YTD: 34.48%
• 1Y: 42.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 39.70%

MLPI

• 1D: -0.07%
• 1M: -0.05%
• 6M: 11.52%
• YTD: 18.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
GXPE Global X PureCap MSCI Energy ETF	$27.82K	$19.84K	$23.45K
MLPI NEOS MLP & Energy Infrastructure High Income ETF	$23.44M	$21.53M	$19.40M

GXPE vs. MLPI - Yearly Performance Comparison

	2026 (YTD)	2025
GXPE Global X PureCap MSCI Energy ETF	34.48%	1.01%
MLPI NEOS MLP & Energy Infrastructure High Income ETF	18.15%	0.36%

Correlation

The correlation between GXPE and MLPI is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025	0.67

Return for Risk

GXPE vs. MLPI — Risk / Return Rank

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

GXPE

GXPE Risk / Return Rank: 73
GXPE Sharpe Ratio Rank: 83
GXPE Sortino Ratio Rank: 77
GXPE Omega Ratio Rank: 75
GXPE Calmar Ratio Rank: 72
GXPE Martin Ratio Rank: 56

MLPI

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

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.

GXPE vs. MLPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X PureCap MSCI Energy ETF (GXPE) and NEOS MLP & Energy Infrastructure High Income ETF (MLPI). 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.

	GXPE	MLPI	Difference
Sharpe ratio: Return per unit of total volatility	1.92	—	—
Sortino ratio: Return per unit of downside risk	2.51	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	2.54	—	—
Martin ratio: Return relative to average drawdown	6.75	—	—

Drawdowns

GXPE vs. MLPI - Drawdown Comparison

The maximum GXPE drawdown since its inception was -15.73%, which is greater than MLPI's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for GXPE and MLPI.

Drawdown Indicators

	GXPE	MLPI	Difference
Max Drawdown Largest peak-to-trough decline	-15.73%	-5.38%	-10.35%
Max Drawdown (1Y) Largest decline over 1 year	-15.73%	—	—
Current Drawdown Current decline from peak	-4.53%	-3.36%	-1.17%
Average Drawdown Average peak-to-trough decline	-4.28%	-1.63%	-2.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.93%	—	—

Volatility

Volatility by Period

	GXPE	MLPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.85%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.76%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.77%	13.31%	+7.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.64%	13.31%	+7.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.64%	13.31%	+7.33%

GXPE vs. MLPI - Expense Ratio Comparison

GXPE has a 0.15% expense ratio, which is lower than MLPI's 0.68% expense ratio.

Dividends

GXPE vs. MLPI - Dividend Comparison

GXPE's dividend yield for the trailing twelve months is around 2.07%, less than MLPI's 8.63% yield.

Position	TTM	2025
GXPE Global X PureCap MSCI Energy ETF	2.07%	1.20%
MLPI NEOS MLP & Energy Infrastructure High Income ETF	8.63%	0.00%

Frequently Asked Questions

Can I hold both GXPE and MLPI in my portfolio?

GXPE and MLPI have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GXPE or MLPI?

On fees, GXPE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GXPE or MLPI?

GXPE is cheaper with a 0.15% expense ratio, compared with 0.68% for MLPI.

Which ETF pays a higher dividend yield, GXPE or MLPI?

MLPI has the higher dividend yield at 8.63%, compared with 2.07% for GXPE.

What is the main difference between GXPE and MLPI?

GXPE is categorized as Energy Equities, while MLPI is Infrastructure Equities. They also come from different issuers: Global X and Neos. Their fees differ too: 0.15% for GXPE and 0.68% for MLPI.