MLPA vs. PMLP.L

Last updated Apr 1, 2026

Compare and contrast key facts about Global X MLP ETF (MLPA) and HANetf Alerian Midstream Energy Dividend UCITS ETF (PMLP.L).

MLPA and PMLP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MLPA is a passively managed fund by Global X that tracks the performance of the Solactive MLP Infrastructure Index. It was launched on Apr 18, 2012. PMLP.L is a passively managed fund by HANetf that tracks the performance of the MSCI World/Energy NR USD. It was launched on Jul 27, 2020. Both MLPA and PMLP.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

MLPA vs. PMLP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MLP ETF (MLPA) and HANetf Alerian Midstream Energy Dividend UCITS ETF (PMLP.L). The values are adjusted to include any dividend payments, if applicable.

MLPA vs. PMLP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MLPA Global X MLP ETF	13.45%	5.73%	20.35%	15.93%	27.03%	39.64%	11.92%
PMLP.L HANetf Alerian Midstream Energy Dividend UCITS ETF	25.45%	6.05%	33.55%	13.28%	20.86%	33.66%	13.25%

Different Trading Currencies

MLPA is traded in USD, while PMLP.L is traded in GBp. To make them comparable, the PMLP.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, MLPA achieves a 13.45% return, which is significantly lower than PMLP.L's 25.45% return.

MLPA

• 1D: -1.37%
• 1M: 0.67%
• YTD: 13.45%
• 6M: 15.77%
• 1Y: 9.41%
• 3Y*: 17.72%
• 5Y*: 18.64%
• 10Y*: 8.14%

PMLP.L

• 1D: -1.02%
• 1M: 5.68%
• YTD: 25.45%
• 6M: 23.79%
• 1Y: 24.46%
• 3Y*: 26.24%
• 5Y*: 21.62%
• 10Y*: —

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

MLPA vs. PMLP.L - Expense Ratio Comparison

MLPA has a 0.46% expense ratio, which is higher than PMLP.L's 0.40% expense ratio.

MLPA

Global X MLP ETF

PMLP.L

HANetf Alerian Midstream Energy Dividend UCITS ETF

Return for Risk

MLPA vs. PMLP.L — Risk / Return Rank

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

MLPA

MLPA Risk / Return Rank: 30
MLPA Sharpe Ratio Rank: 33
MLPA Sortino Ratio Rank: 31
MLPA Omega Ratio Rank: 31
MLPA Calmar Ratio Rank: 29
MLPA Martin Ratio Rank: 24

PMLP.L

PMLP.L Risk / Return Rank: 53
PMLP.L Sharpe Ratio Rank: 63
PMLP.L Sortino Ratio Rank: 58
PMLP.L Omega Ratio Rank: 54
PMLP.L Calmar Ratio Rank: 56
PMLP.L Martin Ratio Rank: 32

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. PMLP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MLP ETF (MLPA) and HANetf Alerian Midstream Energy Dividend UCITS ETF (PMLP.L). 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	PMLP.L	Difference
Sharpe ratio Return per unit of total volatility	0.59	1.18	-0.59
Sortino ratio Return per unit of downside risk	0.86	1.61	-0.75
Omega ratio Gain probability vs. loss probability	1.12	1.23	-0.11
Calmar ratio Return relative to maximum drawdown	0.63	1.48	-0.85
Martin ratio Return relative to average drawdown	1.56	4.49	-2.93
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. PMLP.L - Sharpe Ratio Comparison

The current MLPA Sharpe Ratio is 0.59, which is lower than the PMLP.L Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of MLPA and PMLP.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MLPA	PMLP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.59	1.18	-0.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.02	1.08	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.30	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	1.29	-1.13

Correlation

The correlation between MLPA and PMLP.L is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MLPA vs. PMLP.L - Dividend Comparison

MLPA's dividend yield for the trailing twelve months is around 7.15%, more than PMLP.L's 2.72% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MLPA Global X MLP ETF	7.15%	7.82%	7.25%	7.49%	7.30%	8.72%	13.84%	9.09%	10.00%	8.05%	7.15%	9.29%
PMLP.L HANetf Alerian Midstream Energy Dividend UCITS ETF	2.72%	3.31%	3.37%	6.48%	6.12%	6.57%	4.17%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

MLPA vs. PMLP.L - Drawdown Comparison

The maximum MLPA drawdown since its inception was -78.75%, which is greater than PMLP.L's maximum drawdown of -19.85%. Use the drawdown chart below to compare losses from any high point for MLPA and PMLP.L.

Drawdown Indicators

	MLPA	PMLP.L	Difference
Max Drawdown Largest peak-to-trough decline	-78.75%	-20.50%	-58.25%
Max Drawdown (1Y) Largest decline over 1 year	-14.20%	-14.95%	+0.75%
Max Drawdown (5Y) Largest decline over 5 years	-18.75%	-20.50%	+1.75%
Max Drawdown (10Y) Largest decline over 10 years	-74.05%	—	—
Current Drawdown Current decline from peak	-2.87%	-1.36%	-1.51%
Average Drawdown Average peak-to-trough decline	-20.50%	-5.91%	-14.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.73%	7.56%	-1.83%

Volatility

MLPA vs. PMLP.L - Volatility Comparison

The current volatility for Global X MLP ETF (MLPA) is 3.34%, while HANetf Alerian Midstream Energy Dividend UCITS ETF (PMLP.L) has a volatility of 5.71%. This indicates that MLPA experiences smaller price fluctuations and is considered to be less risky than PMLP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MLPA	PMLP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.34%	5.71%	-2.37%
Volatility (6M) Calculated over the trailing 6-month period	7.92%	11.65%	-3.73%
Volatility (1Y) Calculated over the trailing 1-year period	16.09%	20.72%	-4.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.41%	20.58%	-2.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.64%	22.20%	+5.44%