MLPA vs. SCHD

Last updated Aug 2, 2026

MLPA (Global X MLP ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - MLPA is a MLPs fund tracking the Solactive MLP Infrastructure Index, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 10 years, MLPA returned 6.71%/yr vs 12.76%/yr for SCHD. Their 0.48 correlation means their historical movements had little consistent relationship. MLPA charges 0.77%/yr vs 0.06%/yr for SCHD.

Performance

MLPA vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MLP ETF (MLPA) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MLPA achieves a 21.83% return, which is significantly lower than SCHD's 24.03% return. Over the past 10 years, MLPA has underperformed SCHD with an annualized return of 6.71%, while SCHD has yielded a comparatively higher 12.76% annualized return.

MLPA

• 1D: 0.87%
• 1M: 6.27%
• 6M: 14.54%
• YTD: 21.83%
• 1Y: 20.93%
• 3Y*: 16.99%
• 5Y*: 18.11%
• 10Y*: 6.71%
• ALL TIME*: 4.63%

SCHD

• 1D: 0.18%
• 1M: 3.33%
• 6M: 14.09%
• YTD: 24.03%
• 1Y: 31.54%
• 3Y*: 14.19%
• 5Y*: 9.54%
• 10Y*: 12.76%
• ALL TIME*: 13.39%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MLPA Global X MLP ETF	$8.12M	$8.66M	$10.73M
SCHD Schwab U.S. Dividend Equity ETF	$786.88M	$715.86M	$685.58M

MLPA vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MLPA Global X MLP ETF	21.83%	5.73%	20.35%	15.93%	27.03%	39.64%	-33.97%	11.91%	-15.71%	-8.31%
SCHD Schwab U.S. Dividend Equity ETF	24.03%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%

Correlation

The correlation between MLPA and SCHD is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.40
Correlation (3Y) Balances recent behavior with more history.	0.44
Correlation (5Y) Shows whether the relationship held over a longer period.	0.50
Correlation (10Y) Provides a long-term view across more market conditions.	0.50
Correlation (All Time) Calculated using the full available price history since Apr 19, 2012	0.48

The correlation between MLPA and SCHD shifts across timeframes, from 0.40 (1 year) to 0.50 (5 years), reflecting how their relationship changes across market environments.

MLPA vs. SCHD - Sectors Allocation Comparison

Sectors	MLPA	SCHD
Energy	97.2%	14.1%
Industrials	3.8%	7.8%
Utilities	2.8%	0.1%
Basic Materials	-	1.2%
Communication Services	-	6.2%
Consumer Cyclical	-	7.7%
Consumer Defensive	-	20.6%
Financial Services	-	9.9%
Healthcare	-	20.8%
Real Estate	-	-
Technology	-	12.7%

Return for Risk

MLPA vs. SCHD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MLPA

MLPA Risk / Return Rank: 64
MLPA Sharpe Ratio Rank: 67
MLPA Sortino Ratio Rank: 66
MLPA Omega Ratio Rank: 61
MLPA Calmar Ratio Rank: 71
MLPA Martin Ratio Rank: 56

SCHD

SCHD Risk / Return Rank: 95
SCHD Sharpe Ratio Rank: 96
SCHD Sortino Ratio Rank: 96
SCHD Omega Ratio Rank: 94
SCHD Calmar Ratio Rank: 96
SCHD Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MLPA vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MLP ETF (MLPA) and Schwab U.S. Dividend Equity ETF (SCHD). 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.

	MLPA	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	1.53	2.81	-1.29
Sortino ratio: Return per unit of downside risk	2.17	4.37	-2.20
Omega ratio: Gain probability vs. loss probability	1.26	1.51	-0.25
Calmar ratio: Return relative to maximum drawdown	2.46	6.74	-4.28
Martin ratio: Return relative to average drawdown	6.61	17.01	-10.40

MLPA vs. SCHD - Sharpe Ratio Comparison

The current MLPA Sharpe Ratio is 1.53, which is lower than the SCHD Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of MLPA and SCHD, 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

MLPA vs. SCHD - Drawdown Comparison

The maximum MLPA drawdown since its inception was -78.75%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for MLPA and SCHD.

Drawdown Indicators

	MLPA	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-78.75%	-33.37%	-45.38%
Max Drawdown (1Y) Largest decline over 1 year	-7.73%	-4.61%	-3.12%
Max Drawdown (3Y) Largest decline over 3 years	-14.20%	-16.13%	+1.93%
Max Drawdown (5Y) Largest decline over 5 years	-18.75%	-16.85%	-1.90%
Max Drawdown (10Y) Largest decline over 10 years	-74.05%	-33.37%	-40.68%
Current Drawdown Current decline from peak	0.00%	-1.24%	+1.24%
Average Drawdown Average peak-to-trough decline	-20.08%	-3.30%	-16.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.18%	1.82%	+1.36%

Volatility

MLPA vs. SCHD - Volatility Comparison

Global X MLP ETF (MLPA) and Schwab U.S. Dividend Equity ETF (SCHD) have volatilities of 4.14% and 4.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MLPA	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.14%	4.11%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	9.72%	8.11%	+1.61%
Volatility (1Y) Calculated over the trailing 1-year period	12.47%	11.13%	+1.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.73%	14.39%	+3.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.39%	16.72%	+10.67%

MLPA vs. SCHD - Expense Ratio Comparison

MLPA has a 0.77% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

MLPA vs. SCHD - Dividend Comparison

MLPA's dividend yield for the trailing twelve months is around 6.93%, more than SCHD's 3.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MLPA Global X MLP ETF	6.93%	7.82%	7.25%	7.49%	7.30%	8.72%	13.84%	9.09%	10.00%	8.05%	7.15%	9.29%
SCHD Schwab U.S. Dividend Equity ETF	3.13%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Frequently Asked Questions

Can I hold both MLPA and SCHD in my portfolio?

MLPA and SCHD have a correlation of 0.40, 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 SCHD?

MLPA has higher volatility (4.14%) compared to SCHD (4.11%). In terms of maximum drawdown, MLPA dropped -78.75% vs SCHD's -33.37%.

Which ETF is better, MLPA or SCHD?

On 10-year performance, SCHD leads with 12.76% vs 6.71% for MLPA. On fees, SCHD is cheaper at 0.06% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MLPA or SCHD?

Over the 10-year period, SCHD has performed better with a 12.76% return vs 6.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MLPA or SCHD?

SCHD is cheaper with a 0.06% expense ratio, compared with 0.77% for MLPA.

Which ETF pays a higher dividend yield, MLPA or SCHD?

MLPA has the higher dividend yield at 6.93%, compared with 3.13% for SCHD.

What is the main difference between MLPA and SCHD?

MLPA is categorized as MLPs, while SCHD is Dividend. MLPA tracks Solactive MLP Infrastructure Index, while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: Global X and Charles Schwab. Their fees differ too: 0.77% for MLPA and 0.06% for SCHD.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.81 vs 1.53), 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.