MLPA vs. GLEIX

Last updated Jun 4, 2026

MLPA (Global X MLP ETF) and GLEIX (Goldman Sachs Energy Infrastructure Fund) are both funds - MLPA is a MLPs fund tracking the Solactive MLP Infrastructure Index, while GLEIX is a Energy Equities fund managed by Goldman Sachs. Over the past 5 years, MLPA returned 15.58%/yr vs 23.61%/yr for GLEIX. Their correlation of 0.88 suggests significant overlap in exposure. MLPA charges 0.46%/yr vs 1.23%/yr for GLEIX.

Performance

MLPA vs. GLEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MLP ETF (MLPA) and Goldman Sachs Energy Infrastructure Fund (GLEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MLPA achieves a 16.07% return, which is significantly lower than GLEIX's 23.46% return.

MLPA

• 1D: -0.31%
• 1M: -0.52%
• YTD: 16.07%
• 6M: 14.82%
• 1Y: 16.32%
• 3Y*: 17.12%
• 5Y*: 15.58%
• 10Y*: 6.22%

GLEIX

• 1D: 1.58%
• 1M: -1.53%
• YTD: 23.46%
• 6M: 23.38%
• 1Y: 24.95%
• 3Y*: 32.59%
• 5Y*: 23.61%
• 10Y*: —

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

MLPA vs. GLEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MLPA Global X MLP ETF	16.07%	5.73%	20.35%	15.93%	27.03%	39.64%	-33.97%	11.91%	-15.71%	3.78%
GLEIX Goldman Sachs Energy Infrastructure Fund	23.46%	5.30%	58.18%	15.08%	18.96%	38.31%	-17.46%	16.95%	-15.17%	6.98%

Correlation

The correlation between MLPA and GLEIX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Oct 24, 2017	0.88

The correlation between MLPA and GLEIX has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.

Return for Risk

MLPA vs. GLEIX — Risk / Return Rank

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

MLPA

MLPA Risk / Return Rank: 37
MLPA Sharpe Ratio Rank: 38
MLPA Sortino Ratio Rank: 37
MLPA Omega Ratio Rank: 34
MLPA Calmar Ratio Rank: 39
MLPA Martin Ratio Rank: 37

GLEIX

GLEIX Risk / Return Rank: 47
GLEIX Sharpe Ratio Rank: 39
GLEIX Sortino Ratio Rank: 36
GLEIX Omega Ratio Rank: 35
GLEIX Calmar Ratio Rank: 80
GLEIX Martin Ratio Rank: 44

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.

MLPA vs. GLEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MLP ETF (MLPA) and Goldman Sachs Energy Infrastructure Fund (GLEIX). 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.

	MLPA	GLEIX	Difference
Sharpe ratio: Return per unit of total volatility	1.37	1.82	-0.45
Sortino ratio: Return per unit of downside risk	1.96	2.49	-0.53
Omega ratio: Gain probability vs. loss probability	1.23	1.31	-0.08
Calmar ratio: Return relative to maximum drawdown	1.97	3.65	-1.68
Martin ratio: Return relative to average drawdown	5.99	9.31	-3.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MLPA vs. GLEIX - Sharpe Ratio Comparison

The current MLPA Sharpe Ratio is 1.37, which is comparable to the GLEIX Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of MLPA and GLEIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MLPA	GLEIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.37	1.82	-0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	1.15	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.23	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.60	-0.44

Drawdowns

MLPA vs. GLEIX - Drawdown Comparison

The maximum MLPA drawdown since its inception was -78.75%, which is greater than GLEIX's maximum drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for MLPA and GLEIX.

Drawdown Indicators

	MLPA	GLEIX	Difference
Max Drawdown Largest peak-to-trough decline	-78.75%	-59.27%	-19.48%
Max Drawdown (1Y) Largest decline over 1 year	-8.33%	-7.29%	-1.04%
Max Drawdown (3Y) Largest decline over 3 years	-14.20%	-17.07%	+2.87%
Max Drawdown (5Y) Largest decline over 5 years	-18.75%	-21.89%	+3.14%
Max Drawdown (10Y) Largest decline over 10 years	-74.05%	—	—
Current Drawdown Current decline from peak	-3.84%	-4.80%	+0.96%
Average Drawdown Average peak-to-trough decline	-20.27%	-8.54%	-11.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	2.85%	-0.12%

Volatility

MLPA vs. GLEIX - Volatility Comparison

The current volatility for Global X MLP ETF (MLPA) is 4.50%, while Goldman Sachs Energy Infrastructure Fund (GLEIX) has a volatility of 6.09%. This indicates that MLPA experiences smaller price fluctuations and is considered to be less risky than GLEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MLPA	GLEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.50%	6.09%	-1.59%
Volatility (6M) Calculated over the trailing 6-month period	8.47%	11.34%	-2.87%
Volatility (1Y) Calculated over the trailing 1-year period	12.00%	14.65%	-2.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.21%	20.66%	-2.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.47%	25.47%	+2.00%

MLPA vs. GLEIX - Expense Ratio Comparison

MLPA has a 0.46% expense ratio, which is lower than GLEIX's 1.23% expense ratio.

Dividends

MLPA vs. GLEIX - Dividend Comparison

MLPA's dividend yield for the trailing twelve months is around 7.28%, less than GLEIX's 8.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLEIX Goldman Sachs Energy Infrastructure Fund	8.10%	10.00%	25.43%	10.22%	4.70%	8.41%	4.17%	4.83%	3.54%	0.68%	0.00%	0.00%
MLPA Global X MLP ETF	7.28%	7.82%	7.25%	7.49%	7.30%	8.72%	13.84%	9.09%	10.00%	8.05%	7.15%	9.29%

Frequently Asked Questions

Can I hold both MLPA and GLEIX in my portfolio?

MLPA and GLEIX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MLPA or GLEIX?

GLEIX has higher volatility (6.09%) compared to MLPA (4.50%). In terms of maximum drawdown, MLPA dropped -78.75% vs GLEIX's -59.27%.

Which has better risk-adjusted returns?

GLEIX currently has the higher Sharpe Ratio (1.82 vs 1.37), 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.