MLPD vs. LDRT

Last updated Jul 17, 2026

MLPD (Global X MLP & Energy Infrastructure Covered Call ETF) and LDRT (iShares iBonds 1-5 Year Treasury Ladder ETF) are both exchange-traded funds - MLPD is a Derivative Income fund tracking the Cboe MLPX ATM BuyWrite Index, while LDRT is a Government Bonds fund tracking the BlackRock iBonds® 1-5 Year Treasury Ladder Index. Both are passively managed. Over the past year, MLPD returned 14.11% vs 3.67% for LDRT. At a correlation of -0.10, they often move in opposite directions. MLPD charges 0.60%/yr vs 0.07%/yr for LDRT.

Performance

MLPD vs. LDRT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MLP & Energy Infrastructure Covered Call ETF (MLPD) and iShares iBonds 1-5 Year Treasury Ladder ETF (LDRT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MLPD achieves a 6.80% return, which is significantly higher than LDRT's 0.91% return.

MLPD

• 1D: -0.10%
• 1M: 2.18%
• 6M: 5.89%
• YTD: 6.80%
• 1Y: 14.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LDRT

• 1D: -0.08%
• 1M: -0.07%
• 6M: 0.91%
• YTD: 0.91%
• 1Y: 3.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MLPD vs. LDRT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MLPD Global X MLP & Energy Infrastructure Covered Call ETF	6.80%	11.77%	0.12%
LDRT iShares iBonds 1-5 Year Treasury Ladder ETF	0.91%	5.55%	0.44%

Correlation

The correlation between MLPD and LDRT is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.19
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024	-0.10

Return for Risk

MLPD vs. LDRT — Risk / Return Rank

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

MLPD

MLPD Risk / Return Rank: 71
MLPD Sharpe Ratio Rank: 73
MLPD Sortino Ratio Rank: 68
MLPD Omega Ratio Rank: 74
MLPD Calmar Ratio Rank: 73
MLPD Martin Ratio Rank: 66

LDRT

LDRT Risk / Return Rank: 56
LDRT Sharpe Ratio Rank: 44
LDRT Sortino Ratio Rank: 45
LDRT Omega Ratio Rank: 50
LDRT Calmar Ratio Rank: 79
LDRT Martin Ratio Rank: 61

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 vs. LDRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MLP & Energy Infrastructure Covered Call ETF (MLPD) and iShares iBonds 1-5 Year Treasury Ladder ETF (LDRT). 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.

	MLPD	LDRT	Difference
Sharpe ratio: Return per unit of total volatility	1.86	1.28	+0.57
Sortino ratio: Return per unit of downside risk	2.49	1.88	+0.60
Omega ratio: Gain probability vs. loss probability	1.34	1.26	+0.08
Calmar ratio: Return relative to maximum drawdown	2.95	3.31	-0.36
Martin ratio: Return relative to average drawdown	9.26	8.53	+0.73

MLPD vs. LDRT - Sharpe Ratio Comparison

The current MLPD Sharpe Ratio is 1.86, which is higher than the LDRT Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of MLPD and LDRT, 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

MLPD vs. LDRT - Drawdown Comparison

The maximum MLPD drawdown since its inception was -12.90%, which is greater than LDRT's maximum drawdown of -1.11%. Use the drawdown chart below to compare losses from any high point for MLPD and LDRT.

Drawdown Indicators

	MLPD	LDRT	Difference
Max Drawdown Largest peak-to-trough decline	-12.90%	-1.11%	-11.79%
Max Drawdown (1Y) Largest decline over 1 year	-4.80%	-1.11%	-3.69%
Current Drawdown Current decline from peak	-0.27%	-0.38%	+0.11%
Average Drawdown Average peak-to-trough decline	-1.12%	-0.33%	-0.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.53%	0.43%	+1.10%

Volatility

MLPD vs. LDRT - Volatility Comparison

Global X MLP & Energy Infrastructure Covered Call ETF (MLPD) has a higher volatility of 2.15% compared to iShares iBonds 1-5 Year Treasury Ladder ETF (LDRT) at 0.96%. This indicates that MLPD's price experiences larger fluctuations and is considered to be riskier than LDRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MLPD	LDRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.15%	0.96%	+1.19%
Volatility (6M) Calculated over the trailing 6-month period	5.39%	1.81%	+3.58%
Volatility (1Y) Calculated over the trailing 1-year period	7.64%	2.88%	+4.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.22%	2.80%	+8.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.22%	2.80%	+8.42%

MLPD vs. LDRT - Expense Ratio Comparison

MLPD has a 0.60% expense ratio, which is higher than LDRT's 0.07% expense ratio.

Dividends

MLPD vs. LDRT - Dividend Comparison

MLPD's dividend yield for the trailing twelve months is around 13.37%, more than LDRT's 4.06% yield.

Position	TTM	2025	2024
LDRT iShares iBonds 1-5 Year Treasury Ladder ETF	4.06%	3.86%	0.69%
MLPD Global X MLP & Energy Infrastructure Covered Call ETF	13.37%	13.45%	6.68%

Frequently Asked Questions

Can I hold both MLPD and LDRT in my portfolio?

MLPD and LDRT have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MLPD or LDRT?

MLPD has higher volatility (2.15%) compared to LDRT (0.96%). In terms of maximum drawdown, MLPD dropped -12.90% vs LDRT's -1.11%.

Which ETF is better, MLPD or LDRT?

On 1-year performance, MLPD leads with 14.11% vs 3.67% for LDRT. On fees, LDRT is cheaper at 0.07% per year. On volatility, LDRT has been the lower-risk option at 0.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MLPD or LDRT?

Over the 1-year period, MLPD has performed better with a 14.11% return vs 3.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MLPD or LDRT?

LDRT is cheaper with a 0.07% expense ratio, compared with 0.60% for MLPD.

Which ETF pays a higher dividend yield, MLPD or LDRT?

MLPD has the higher dividend yield at 13.37%, compared with 4.06% for LDRT.

What is the main difference between MLPD and LDRT?

MLPD is categorized as Derivative Income, while LDRT is Government Bonds. MLPD tracks Cboe MLPX ATM BuyWrite Index, while LDRT tracks BlackRock iBonds® 1-5 Year Treasury Ladder Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.60% for MLPD and 0.07% for LDRT.

Which has better risk-adjusted returns?

MLPD currently has the higher Sharpe Ratio (1.85 vs 1.28), 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.