MLPD vs. TLTX
MLPD (Global X MLP & Energy Infrastructure Covered Call ETF) and TLTX (Global X Treasury Bond Enhanced Income ETF) are both exchange-traded funds - MLPD is a Derivative Income fund tracking the Cboe MLPX ATM BuyWrite Index, while TLTX is a Government Bonds fund actively managed by Global X. MLPD is passively managed, while TLTX is actively managed. At a correlation of -0.04, they often move in opposite directions. MLPD charges 0.60%/yr vs 0.29%/yr for TLTX.
Performance
MLPD vs. TLTX - Performance Comparison
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Returns By Period
In the year-to-date period, MLPD achieves a 5.20% return, which is significantly higher than TLTX's -0.36% return.
MLPD
- 1D
- 0.22%
- 1M
- -0.32%
- YTD
- 5.20%
- 6M
- 6.70%
- 1Y
- 15.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TLTX
- 1D
- -0.37%
- 1M
- -0.19%
- YTD
- -0.36%
- 6M
- -1.55%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MLPD vs. TLTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MLPD Global X MLP & Energy Infrastructure Covered Call ETF | 5.20% | 6.84% |
TLTX Global X Treasury Bond Enhanced Income ETF | -0.36% | 5.40% |
Correlation
The correlation between MLPD and TLTX 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 (All Time) Calculated using the full available price history since Jul 17, 2025 | -0.04 |
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Return for Risk
MLPD vs. TLTX — Risk / Return Rank
MLPD
TLTX
MLPD vs. TLTX - 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 Global X Treasury Bond Enhanced Income ETF (TLTX). 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 | TLTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.39 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | — | — |
| Martin ratioReturn relative to average drawdown | 10.41 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MLPD | TLTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 0.63 | +0.52 |
Drawdowns
MLPD vs. TLTX - Drawdown Comparison
The maximum MLPD drawdown since its inception was -12.90%, which is greater than TLTX's maximum drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for MLPD and TLTX.
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Drawdown Indicators
| MLPD | TLTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.90% | -6.35% | -6.55% |
Max Drawdown (1Y)Largest decline over 1 year | -4.80% | — | — |
Current DrawdownCurrent decline from peak | -1.77% | -4.05% | +2.28% |
Average DrawdownAverage peak-to-trough decline | -1.12% | -2.27% | +1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | — | — |
Volatility
MLPD vs. TLTX - Volatility Comparison
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Volatility by Period
| MLPD | TLTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.91% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.32% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.40% | 9.14% | -1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.40% | 9.14% | +2.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.40% | 9.14% | +2.26% |
MLPD vs. TLTX - Expense Ratio Comparison
MLPD has a 0.60% expense ratio, which is higher than TLTX's 0.29% expense ratio.
Dividends
MLPD vs. TLTX - Dividend Comparison
MLPD's dividend yield for the trailing twelve months is around 13.44%, less than TLTX's 15.79% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MLPD Global X MLP & Energy Infrastructure Covered Call ETF | 13.44% | 13.45% | 6.68% |
TLTX Global X Treasury Bond Enhanced Income ETF | 15.79% | 7.54% | 0.00% |
Frequently Asked Questions
MLPD and TLTX 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.
On fees, TLTX is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TLTX is cheaper with a 0.29% expense ratio, compared with 0.60% for MLPD.
TLTX has the higher dividend yield at 15.79%, compared with 13.44% for MLPD.
MLPD is categorized as Derivative Income, while TLTX is Government Bonds. Their fees differ too: 0.60% for MLPD and 0.29% for TLTX.
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