GXPE vs. UMI

Last updated Jun 5, 2026

GXPE (Global X PureCap MSCI Energy ETF) and UMI (USCF Midstream Energy Income Fund ETF) are both Energy Equities funds. GXPE is passively managed, while UMI is actively managed. A 0.64 correlation means they provide meaningful diversification when combined. GXPE charges 0.15%/yr vs 0.85%/yr for UMI.

Performance

GXPE vs. UMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X PureCap MSCI Energy ETF (GXPE) and USCF Midstream Energy Income Fund ETF (UMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GXPE achieves a 30.84% return, which is significantly higher than UMI's 24.04% return.

GXPE

• 1D: -0.26%
• 1M: -1.57%
• YTD: 30.84%
• 6M: 28.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UMI

• 1D: 1.24%
• 1M: 0.83%
• YTD: 24.04%
• 6M: 22.07%
• 1Y: 27.12%
• 3Y*: 27.84%
• 5Y*: 20.58%
• 10Y*: —

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

GXPE vs. UMI - Yearly Performance Comparison

	2026 (YTD)	2025
GXPE Global X PureCap MSCI Energy ETF	30.84%	4.62%
UMI USCF Midstream Energy Income Fund ETF	24.04%	3.80%

Correlation

The correlation between GXPE and UMI is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.64

Return for Risk

GXPE vs. UMI — Risk / Return Rank

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

UMI

UMI Risk / Return Rank: 61
UMI Sharpe Ratio Rank: 59
UMI Sortino Ratio Rank: 57
UMI Omega Ratio Rank: 56
UMI Calmar Ratio Rank: 73
UMI Martin Ratio Rank: 58

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.

GXPE vs. UMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X PureCap MSCI Energy ETF (GXPE) and USCF Midstream Energy Income Fund ETF (UMI). 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.

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

Sharpe Ratios by Period

	GXPE	UMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.95	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.15	0.63	+1.52

Drawdowns

GXPE vs. UMI - Drawdown Comparison

The maximum GXPE drawdown since its inception was -12.37%, smaller than the maximum UMI drawdown of -48.08%. Use the drawdown chart below to compare losses from any high point for GXPE and UMI.

Drawdown Indicators

	GXPE	UMI	Difference
Max Drawdown Largest peak-to-trough decline	-12.37%	-48.08%	+35.71%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.50%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-17.08%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.05%	—
Current Drawdown Current decline from peak	-7.12%	-3.58%	-3.54%
Average Drawdown Average peak-to-trough decline	-3.23%	-6.60%	+3.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.70%	—

Volatility

Volatility by Period

	GXPE	UMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.04%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.38%	14.06%	+6.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.38%	19.54%	+0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.38%	23.19%	-2.81%

GXPE vs. UMI - Expense Ratio Comparison

GXPE has a 0.15% expense ratio, which is lower than UMI's 0.85% expense ratio.

Dividends

GXPE vs. UMI - Dividend Comparison

GXPE's dividend yield for the trailing twelve months is around 0.92%, less than UMI's 5.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GXPE Global X PureCap MSCI Energy ETF	0.92%	1.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UMI USCF Midstream Energy Income Fund ETF	5.91%	6.23%	4.39%	4.67%	4.36%	3.00%	2.18%	2.47%	2.48%	0.15%

Frequently Asked Questions

Can I hold both GXPE and UMI in my portfolio?

GXPE and UMI have a correlation of 0.64, 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 UMI?

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 UMI?

GXPE is cheaper with a 0.15% expense ratio, compared with 0.85% for UMI.

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

UMI has the higher dividend yield at 5.91%, compared with 0.92% for GXPE.

What is the main difference between GXPE and UMI?

They also come from different issuers: Global X and Wainwright, Inc.. Their fees differ too: 0.15% for GXPE and 0.85% for UMI.