MLPD.L vs. XAIX

Last updated Jun 9, 2026

MLPD.L (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist)) and XAIX (Xtrackers Artificial Intelligence and Big Data ETF) are both exchange-traded funds - MLPD.L is a Energy Equities fund tracking the MSCI World/Energy NR USD, while XAIX is a Technology Equities fund tracking the Nasdaq Global Artificial Intelligence and Big Data Index. Both are passively managed. Over the past year, MLPD.L returned 15.61% vs 54.71% for XAIX. At a 0.09 correlation, their price movements are largely independent. MLPD.L charges 0.50%/yr vs 0.35%/yr for XAIX.

Performance

MLPD.L vs. XAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPD.L) and Xtrackers Artificial Intelligence and Big Data ETF (XAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MLPD.L achieves a 18.82% return, which is significantly lower than XAIX's 30.20% return.

MLPD.L

• 1D: -0.49%
• 1M: 1.36%
• YTD: 18.82%
• 6M: 14.62%
• 1Y: 15.61%
• 3Y*: 18.84%
• 5Y*: 16.46%
• 10Y*: 7.11%

XAIX

• 1D: 2.48%
• 1M: 5.11%
• YTD: 30.20%
• 6M: 30.19%
• 1Y: 54.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MLPD.L vs. XAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MLPD.L Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist)	18.82%	2.34%	9.10%
XAIX Xtrackers Artificial Intelligence and Big Data ETF	30.20%	29.05%	15.47%

Correlation

The correlation between MLPD.L and XAIX is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.04
Correlation (All Time) Calculated using the full available price history since Aug 5, 2024	0.09

The correlation between MLPD.L and XAIX shifts across timeframes, from -0.04 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.

MLPD.L vs. XAIX - Sectors Allocation Comparison

Sectors	MLPD.L	XAIX
Energy	96.7%	0.0%
Utilities	3.2%	0.0%
Industrials	0.2%	0.1%
Basic Materials	-	0.0%
Communication Services	-	14.1%
Consumer Cyclical	-	8.9%
Consumer Defensive	-	0.0%
Financial Services	-	5.2%
Healthcare	-	0.0%
Real Estate	-	-
Technology	-	71.7%

Return for Risk

MLPD.L vs. XAIX — Risk / Return Rank

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

MLPD.L

MLPD.L Risk / Return Rank: 34
MLPD.L Sharpe Ratio Rank: 34
MLPD.L Sortino Ratio Rank: 31
MLPD.L Omega Ratio Rank: 31
MLPD.L Calmar Ratio Rank: 41
MLPD.L Martin Ratio Rank: 34

XAIX

XAIX Risk / Return Rank: 80
XAIX Sharpe Ratio Rank: 84
XAIX Sortino Ratio Rank: 76
XAIX Omega Ratio Rank: 80
XAIX Calmar Ratio Rank: 82
XAIX Martin Ratio Rank: 80

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.

MLPD.L vs. XAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPD.L) and Xtrackers Artificial Intelligence and Big Data ETF (XAIX). 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.

	MLPD.L	XAIX	Difference
Sharpe ratio: Return per unit of total volatility	1.09	2.45	-1.36
Sortino ratio: Return per unit of downside risk	1.55	3.04	-1.49
Omega ratio: Gain probability vs. loss probability	1.19	1.43	-0.24
Calmar ratio: Return relative to maximum drawdown	1.83	3.92	-2.09
Martin ratio: Return relative to average drawdown	4.68	14.14	-9.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MLPD.L vs. XAIX - Sharpe Ratio Comparison

The current MLPD.L Sharpe Ratio is 1.09, which is lower than the XAIX Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of MLPD.L and XAIX, 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

	MLPD.L	XAIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.09	2.45	-1.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	1.81	-1.68

Drawdowns

MLPD.L vs. XAIX - Drawdown Comparison

The maximum MLPD.L drawdown since its inception was -82.22%, which is greater than XAIX's maximum drawdown of -23.95%. Use the drawdown chart below to compare losses from any high point for MLPD.L and XAIX.

Drawdown Indicators

	MLPD.L	XAIX	Difference
Max Drawdown Largest peak-to-trough decline	-82.22%	-23.95%	-58.27%
Max Drawdown (1Y) Largest decline over 1 year	-8.48%	-14.01%	+5.53%
Max Drawdown (3Y) Largest decline over 3 years	-17.24%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.78%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-75.74%	—	—
Current Drawdown Current decline from peak	-3.16%	-8.33%	+5.17%
Average Drawdown Average peak-to-trough decline	-28.08%	-3.51%	-24.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.33%	3.88%	-0.55%

Volatility

MLPD.L vs. XAIX - Volatility Comparison

The current volatility for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPD.L) is 4.46%, while Xtrackers Artificial Intelligence and Big Data ETF (XAIX) has a volatility of 12.81%. This indicates that MLPD.L experiences smaller price fluctuations and is considered to be less risky than XAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MLPD.L	XAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.46%	12.81%	-8.35%
Volatility (6M) Calculated over the trailing 6-month period	10.93%	19.45%	-8.52%
Volatility (1Y) Calculated over the trailing 1-year period	14.24%	22.47%	-8.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.36%	24.10%	-3.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.33%	24.10%	+4.23%

MLPD.L vs. XAIX - Expense Ratio Comparison

MLPD.L has a 0.50% expense ratio, which is higher than XAIX's 0.35% expense ratio.

Dividends

MLPD.L vs. XAIX - Dividend Comparison

MLPD.L's dividend yield for the trailing twelve months is around 7.56%, more than XAIX's 0.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MLPD.L Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist)	7.56%	8.21%	8.18%	8.60%	7.98%	8.57%	11.03%	10.06%	9.87%	8.15%	8.14%	9.96%
XAIX Xtrackers Artificial Intelligence and Big Data ETF	0.41%	0.54%	0.08%	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 MLPD.L and XAIX in my portfolio?

MLPD.L and XAIX have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MLPD.L or XAIX?

On fees, XAIX is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MLPD.L or XAIX?

XAIX is cheaper with a 0.35% expense ratio, compared with 0.50% for MLPD.L.

What is the main difference between MLPD.L and XAIX?

MLPD.L is categorized as Energy Equities, while XAIX is Technology Equities. MLPD.L tracks MSCI World/Energy NR USD, while XAIX tracks Nasdaq Global Artificial Intelligence and Big Data Index. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.50% for MLPD.L and 0.35% for XAIX.