MDST vs. MLPX
Compare and contrast key facts about Westwood Salient Enhanced Midstream Income ETF (MDST) and Global X MLP & Energy Infrastructure ETF (MLPX).
MDST and MLPX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MDST is an actively managed fund by Westwood. It was launched on Apr 8, 2024. MLPX is a passively managed fund by Global X that tracks the performance of the Solactive MLP & Energy Infrastructure Index. It was launched on Aug 7, 2013.
Performance
MDST vs. MLPX - Performance Comparison
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MDST vs. MLPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MDST Westwood Salient Enhanced Midstream Income ETF | 11.80% | 7.09% | 17.29% |
MLPX Global X MLP & Energy Infrastructure ETF | 23.52% | 4.96% | 28.40% |
Returns By Period
In the year-to-date period, MDST achieves a 11.80% return, which is significantly lower than MLPX's 23.52% return.
MDST
- 1D
- -1.07%
- 1M
- 1.13%
- YTD
- 11.80%
- 6M
- 12.54%
- 1Y
- 13.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MLPX
- 1D
- -0.98%
- 1M
- 3.80%
- YTD
- 23.52%
- 6M
- 20.89%
- 1Y
- 21.69%
- 3Y*
- 29.25%
- 5Y*
- 24.62%
- 10Y*
- 14.53%
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MDST vs. MLPX - Expense Ratio Comparison
MDST has a 0.80% expense ratio, which is higher than MLPX's 0.45% expense ratio.
Return for Risk
MDST vs. MLPX — Risk / Return Rank
MDST
MLPX
MDST vs. MLPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Westwood Salient Enhanced Midstream Income ETF (MDST) 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.
| MDST | MLPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 1.15 | -0.37 |
Sortino ratioReturn per unit of downside risk | 1.07 | 1.51 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.97 | 1.44 | -0.47 |
Martin ratioReturn relative to average drawdown | 3.74 | 4.48 | -0.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MDST | MLPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.15 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.24 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 0.36 | +0.81 |
Correlation
The correlation between MDST and MLPX is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MDST vs. MLPX - Dividend Comparison
MDST's dividend yield for the trailing twelve months is around 9.44%, more than MLPX's 4.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDST Westwood Salient Enhanced Midstream Income ETF | 9.44% | 10.22% | 6.60% | 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 | 4.06% | 4.88% | 4.30% | 5.22% | 5.23% | 5.98% | 8.32% | 5.78% | 5.77% | 4.36% | 5.50% | 4.81% |
Drawdowns
MDST vs. MLPX - Drawdown Comparison
The maximum MDST drawdown since its inception was -14.19%, smaller than the maximum MLPX drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for MDST and MLPX.
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Drawdown Indicators
| MDST | MLPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.19% | -70.67% | +56.48% |
Max Drawdown (1Y)Largest decline over 1 year | -14.19% | -14.92% | +0.73% |
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 | -1.84% | -2.01% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -16.81% | +14.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.68% | 4.81% | -1.13% |
Volatility
MDST vs. MLPX - Volatility Comparison
The current volatility for Westwood Salient Enhanced Midstream Income ETF (MDST) is 2.15%, while Global X MLP & Energy Infrastructure ETF (MLPX) has a volatility of 3.63%. This indicates that MDST experiences smaller price fluctuations and is considered to be less risky than MLPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDST | MLPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.15% | 3.63% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 7.62% | 10.35% | -2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.38% | 18.88% | -1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 20.00% | -3.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.23% | 26.59% | -10.36% |