MLPA vs. TMLP

Last updated Aug 2, 2026

MLPA (Global X MLP ETF) and TMLP (Tortoise MLP ETF) are both MLPs funds - MLPA tracks the Solactive MLP Infrastructure Index while TMLP tracks the Tortoise MLP Index. Both are passively managed. Their correlation of 0.93 means they have usually moved in the same direction. MLPA charges 0.77%/yr vs 0.50%/yr for TMLP.

Performance

MLPA vs. TMLP - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with MLPA having a 21.83% return and TMLP slightly higher at 22.73%.

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%

TMLP

• 1D: 1.11%
• 1M: 7.18%
• 6M: 15.57%
• YTD: 22.73%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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
TMLP Tortoise MLP ETF	$25.91K	$29.91K	$98.86K

MLPA vs. TMLP - Yearly Performance Comparison

	2026 (YTD)	2025
MLPA Global X MLP ETF	21.83%	-0.04%
TMLP Tortoise MLP ETF	22.73%	0.01%

Correlation

The correlation between MLPA and TMLP is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 23, 2025	0.93

Return for Risk

MLPA vs. TMLP — 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

TMLP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. TMLP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MLP ETF (MLPA) and Tortoise MLP ETF (TMLP). 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	TMLP	Difference
Sharpe ratio: Return per unit of total volatility	1.53	—	—
Sortino ratio: Return per unit of downside risk	2.17	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	2.46	—	—
Martin ratio: Return relative to average drawdown	6.61	—	—

Drawdowns

MLPA vs. TMLP - Drawdown Comparison

The maximum MLPA drawdown since its inception was -78.75%, which is greater than TMLP's maximum drawdown of -8.55%. Use the drawdown chart below to compare losses from any high point for MLPA and TMLP.

Drawdown Indicators

	MLPA	TMLP	Difference
Max Drawdown Largest peak-to-trough decline	-78.75%	-8.55%	-70.20%
Max Drawdown (1Y) Largest decline over 1 year	-7.73%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.20%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.75%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-74.05%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-20.08%	-2.15%	-17.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.18%	—	—

Volatility

Volatility by Period

	MLPA	TMLP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.47%	14.25%	-1.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.73%	14.25%	+3.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.39%	14.25%	+13.14%

MLPA vs. TMLP - Expense Ratio Comparison

MLPA has a 0.77% expense ratio, which is higher than TMLP's 0.50% expense ratio.

Dividends

MLPA vs. TMLP - Dividend Comparison

MLPA's dividend yield for the trailing twelve months is around 6.93%, more than TMLP's 3.65% 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%
TMLP Tortoise MLP ETF	3.65%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MLPA and TMLP in my portfolio?

With a correlation of 0.93, MLPA and TMLP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, MLPA or TMLP?

On fees, TMLP is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MLPA or TMLP?

TMLP is cheaper with a 0.50% expense ratio, compared with 0.77% for MLPA.

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

MLPA has the higher dividend yield at 6.93%, compared with 3.65% for TMLP.

What is the main difference between MLPA and TMLP?

MLPA tracks Solactive MLP Infrastructure Index, while TMLP tracks Tortoise MLP Index. They also come from different issuers: Global X and Tortoise. Their fees differ too: 0.77% for MLPA and 0.50% for TMLP.