MLP vs. MLPX

Last updated Jul 14, 2026

MLP (Maui Land & Pineapple Company, Inc.) is a stock, while MLPX (Global X MLP & Energy Infrastructure ETF) is MLPs fund tracking the Solactive MLP & Energy Infrastructure Index. Over the past 10 years, MLP returned 9.66%/yr vs 12.02%/yr for MLPX. At a 0.17 correlation, their price movements are largely independent.

Performance

MLP vs. MLPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Maui Land & Pineapple Company, Inc. (MLP) and Global X MLP & Energy Infrastructure ETF (MLPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MLP achieves a -3.84% return, which is significantly lower than MLPX's 27.98% return. Over the past 10 years, MLP has underperformed MLPX with an annualized return of 9.66%, while MLPX has yielded a comparatively higher 12.02% annualized return.

MLP

• 1D: -0.24%
• 1M: -10.89%
• 6M: -4.12%
• YTD: -3.84%
• 1Y: -6.11%
• 3Y*: 3.96%
• 5Y*: 9.20%
• 10Y*: 9.66%

MLPX

• 1D: 1.58%
• 1M: 2.20%
• 6M: 28.92%
• YTD: 27.98%
• 1Y: 29.57%
• 3Y*: 28.15%
• 5Y*: 22.73%
• 10Y*: 12.02%

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

MLP vs. MLPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MLP Maui Land & Pineapple Company, Inc.	-3.84%	-22.93%	38.33%	68.68%	-5.42%	-13.62%	2.49%	13.41%	-42.66%	140.28%
MLPX Global X MLP & Energy Infrastructure ETF	27.98%	4.96%	42.90%	15.77%	21.54%	39.63%	-20.32%	19.04%	-15.64%	-4.53%

Correlation

The correlation between MLP and MLPX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Aug 7, 2013	0.17

Return for Risk

MLP vs. MLPX — Risk / Return Rank

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

MLP

MLP Risk / Return Rank: 37
MLP Sharpe Ratio Rank: 38
MLP Sortino Ratio Rank: 35
MLP Omega Ratio Rank: 35
MLP Calmar Ratio Rank: 38
MLP Martin Ratio Rank: 38

MLPX

MLPX Risk / Return Rank: 72
MLPX Sharpe Ratio Rank: 74
MLPX Sortino Ratio Rank: 74
MLPX Omega Ratio Rank: 67
MLPX Calmar Ratio Rank: 84
MLPX Martin Ratio Rank: 61

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.

MLP vs. MLPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Maui Land & Pineapple Company, Inc. (MLP) 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.

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.

	MLP	MLPX	Difference
Sharpe ratio: Return per unit of total volatility	-0.16	1.88	-2.04
Sortino ratio: Return per unit of downside risk	0.05	2.65	-2.60
Omega ratio: Gain probability vs. loss probability	1.01	1.32	-0.31
Calmar ratio: Return relative to maximum drawdown	-0.21	3.63	-3.85
Martin ratio: Return relative to average drawdown	-0.38	8.56	-8.94

MLP vs. MLPX - Sharpe Ratio Comparison

The current MLP Sharpe Ratio is -0.16, which is lower than the MLPX Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of MLP and MLPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MLP vs. MLPX - Drawdown Comparison

The maximum MLP drawdown since its inception was -95.97%, which is greater than MLPX's maximum drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for MLP and MLPX.

Drawdown Indicators

	MLP	MLPX	Difference
Max Drawdown Largest peak-to-trough decline	-95.97%	-70.67%	-25.30%
Max Drawdown (1Y) Largest decline over 1 year	-28.79%	-8.18%	-20.61%
Max Drawdown (3Y) Largest decline over 3 years	-45.52%	-16.77%	-28.75%
Max Drawdown (5Y) Largest decline over 5 years	-45.52%	-19.72%	-25.80%
Max Drawdown (10Y) Largest decline over 10 years	-69.73%	-64.70%	-5.03%
Current Drawdown Current decline from peak	-65.43%	-2.33%	-63.10%
Average Drawdown Average peak-to-trough decline	-55.64%	-16.53%	-39.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.07%	3.46%	+12.61%

Volatility

MLP vs. MLPX - Volatility Comparison

Maui Land & Pineapple Company, Inc. (MLP) has a higher volatility of 16.80% compared to Global X MLP & Energy Infrastructure ETF (MLPX) at 5.90%. This indicates that MLP's price experiences larger fluctuations and is considered to be riskier than MLPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MLP	MLPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.80%	5.90%	+10.90%
Volatility (6M) Calculated over the trailing 6-month period	26.42%	12.32%	+14.10%
Volatility (1Y) Calculated over the trailing 1-year period	39.09%	15.79%	+23.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.98%	20.02%	+18.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.80%	26.16%	+17.64%

Dividends

MLP vs. MLPX - Dividend Comparison

MLP has not paid dividends to shareholders, while MLPX's dividend yield for the trailing twelve months is around 4.01%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MLP Maui Land & Pineapple Company, Inc.	0.00%	0.00%	0.00%	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	4.01%	4.88%	4.30%	5.22%	5.23%	5.98%	8.32%	5.78%	5.77%	4.36%	5.50%	4.81%

Frequently Asked Questions

Can I hold both MLP and MLPX in my portfolio?

MLP and MLPX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MLP or MLPX?

MLP has higher volatility (16.80%) compared to MLPX (5.90%). In terms of maximum drawdown, MLP dropped -95.97% vs MLPX's -70.67%.

Which has better risk-adjusted returns?

MLPX currently has the higher Sharpe Ratio (1.88 vs -0.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.