LNGX vs. MDST

Last updated Jun 4, 2026

LNGX (Global X U.S. Natural Gas ETF) and MDST (Westwood Salient Enhanced Midstream Income ETF) are both Energy Equities funds. LNGX is passively managed, while MDST is actively managed. A 0.66 correlation means they provide meaningful diversification when combined. LNGX charges 0.45%/yr vs 0.80%/yr for MDST.

Performance

LNGX vs. MDST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X U.S. Natural Gas ETF (LNGX) and Westwood Salient Enhanced Midstream Income ETF (MDST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LNGX achieves a 20.47% return, which is significantly higher than MDST's 14.94% return.

LNGX

• 1D: 0.76%
• 1M: -6.84%
• YTD: 20.47%
• 6M: 13.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MDST

• 1D: 0.14%
• 1M: -0.74%
• YTD: 14.94%
• 6M: 14.77%
• 1Y: 17.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LNGX vs. MDST - Yearly Performance Comparison

	2026 (YTD)	2025
LNGX Global X U.S. Natural Gas ETF	20.47%	5.97%
MDST Westwood Salient Enhanced Midstream Income ETF	14.94%	5.69%

Correlation

The correlation between LNGX and MDST is 0.66, 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 Oct 30, 2025	0.66

Return for Risk

LNGX vs. MDST — Risk / Return Rank

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

MDST

MDST Risk / Return Rank: 44
MDST Sharpe Ratio Rank: 41
MDST Sortino Ratio Rank: 42
MDST Omega Ratio Rank: 41
MDST Calmar Ratio Rank: 53
MDST Martin Ratio Rank: 45

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.

LNGX vs. MDST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X U.S. Natural Gas ETF (LNGX) and Westwood Salient Enhanced Midstream Income ETF (MDST). 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

	LNGX	MDST	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.10	1.16	+0.93

Drawdowns

LNGX vs. MDST - Drawdown Comparison

The maximum LNGX drawdown since its inception was -14.31%, roughly equal to the maximum MDST drawdown of -14.19%. Use the drawdown chart below to compare losses from any high point for LNGX and MDST.

Drawdown Indicators

	LNGX	MDST	Difference
Max Drawdown Largest peak-to-trough decline	-14.31%	-14.19%	-0.12%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.74%	—
Current Drawdown Current decline from peak	-11.36%	-3.53%	-7.83%
Average Drawdown Average peak-to-trough decline	-4.37%	-2.17%	-2.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.37%	—

Volatility

Volatility by Period

	LNGX	MDST	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.36%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.67%	12.12%	+12.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.67%	16.11%	+8.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.67%	16.11%	+8.56%

LNGX vs. MDST - Expense Ratio Comparison

LNGX has a 0.45% expense ratio, which is lower than MDST's 0.80% expense ratio.

Dividends

LNGX vs. MDST - Dividend Comparison

LNGX's dividend yield for the trailing twelve months is around 0.22%, less than MDST's 9.33% yield.

Position	TTM	2025	2024
LNGX Global X U.S. Natural Gas ETF	0.22%	0.27%	0.00%
MDST Westwood Salient Enhanced Midstream Income ETF	9.33%	10.22%	6.60%

Frequently Asked Questions

Can I hold both LNGX and MDST in my portfolio?

LNGX and MDST have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LNGX or MDST?

On fees, LNGX is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LNGX or MDST?

LNGX is cheaper with a 0.45% expense ratio, compared with 0.80% for MDST.

Which ETF pays a higher dividend yield, LNGX or MDST?

MDST has the higher dividend yield at 9.33%, compared with 0.22% for LNGX.

What is the main difference between LNGX and MDST?

They also come from different issuers: Global X and Westwood. Their fees differ too: 0.45% for LNGX and 0.80% for MDST.