LNGX vs. MLPI

Last updated Jun 4, 2026

LNGX (Global X U.S. Natural Gas ETF) and MLPI (Neos MLP & Energy Infrastructure High Income ETF) are both Energy Equities funds. LNGX is passively managed, while MLPI is actively managed. A 0.71 correlation means they provide meaningful diversification when combined. LNGX charges 0.45%/yr vs 0.68%/yr for MLPI.

Performance

LNGX vs. MLPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X U.S. Natural Gas ETF (LNGX) 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, LNGX achieves a 20.47% return, which is significantly higher than MLPI's 17.58% return.

LNGX

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

MLPI

• 1D: 0.04%
• 1M: -3.13%
• YTD: 17.58%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LNGX vs. MLPI - Yearly Performance Comparison

	2026 (YTD)	2025
LNGX Global X U.S. Natural Gas ETF	20.47%	2.35%
MLPI Neos MLP & Energy Infrastructure High Income ETF	17.58%	0.56%

Correlation

The correlation between LNGX and MLPI is 0.71, 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 Dec 19, 2025	0.71

Return for Risk

LNGX vs. MLPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X U.S. Natural Gas ETF (LNGX) 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.

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

Sharpe Ratios by Period

	LNGX	MLPI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.10	3.49	-1.39

Drawdowns

LNGX vs. MLPI - Drawdown Comparison

The maximum LNGX drawdown since its inception was -14.31%, which is greater than MLPI's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for LNGX and MLPI.

Drawdown Indicators

	LNGX	MLPI	Difference
Max Drawdown Largest peak-to-trough decline	-14.31%	-5.38%	-8.93%
Current Drawdown Current decline from peak	-11.36%	-3.84%	-7.52%
Average Drawdown Average peak-to-trough decline	-4.37%	-1.27%	-3.10%

Volatility

Volatility by Period

	LNGX	MLPI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	24.67%	13.05%	+11.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.67%	13.05%	+11.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.67%	13.05%	+11.62%

LNGX vs. MLPI - Expense Ratio Comparison

LNGX has a 0.45% expense ratio, which is lower than MLPI's 0.68% expense ratio.

Dividends

LNGX vs. MLPI - Dividend Comparison

LNGX's dividend yield for the trailing twelve months is around 0.22%, less than MLPI's 6.04% yield.

Position	TTM	2025
LNGX Global X U.S. Natural Gas ETF	0.22%	0.27%
MLPI Neos MLP & Energy Infrastructure High Income ETF	6.04%	0.00%

Frequently Asked Questions

Can I hold both LNGX and MLPI in my portfolio?

LNGX and MLPI have a correlation of 0.71, 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 MLPI?

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 MLPI?

LNGX is cheaper with a 0.45% expense ratio, compared with 0.68% for MLPI.

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

MLPI has the higher dividend yield at 6.04%, compared with 0.22% for LNGX.

What is the main difference between LNGX and MLPI?

They also come from different issuers: Global X and Neos. Their fees differ too: 0.45% for LNGX and 0.68% for MLPI.