MLPI vs. GXPE

Last updated Jun 4, 2026

MLPI (Neos MLP & Energy Infrastructure High Income ETF) and GXPE (Global X PureCap MSCI Energy ETF) are both Energy Equities funds. MLPI is actively managed, while GXPE is passively managed. A 0.67 correlation means they provide meaningful diversification when combined. MLPI charges 0.68%/yr vs 0.15%/yr for GXPE.

Performance

MLPI vs. GXPE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neos MLP & Energy Infrastructure High Income ETF (MLPI) and Global X PureCap MSCI Energy ETF (GXPE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MLPI achieves a 17.58% return, which is significantly lower than GXPE's 31.18% return.

MLPI

• 1D: 0.04%
• 1M: -3.13%
• YTD: 17.58%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GXPE

• 1D: 1.65%
• 1M: -1.13%
• YTD: 31.18%
• 6M: 29.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MLPI vs. GXPE - Yearly Performance Comparison

	2026 (YTD)	2025
MLPI Neos MLP & Energy Infrastructure High Income ETF	17.58%	0.56%
GXPE Global X PureCap MSCI Energy ETF	31.18%	2.36%

Correlation

The correlation between MLPI and GXPE is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 19, 2025	0.67

Return for Risk

MLPI vs. GXPE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neos MLP & Energy Infrastructure High Income ETF (MLPI) and Global X PureCap MSCI Energy ETF (GXPE). 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.

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

Sharpe Ratios by Period

	MLPI	GXPE	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	3.49	2.18	+1.31

Drawdowns

MLPI vs. GXPE - Drawdown Comparison

The maximum MLPI drawdown since its inception was -5.38%, smaller than the maximum GXPE drawdown of -12.37%. Use the drawdown chart below to compare losses from any high point for MLPI and GXPE.

Drawdown Indicators

	MLPI	GXPE	Difference
Max Drawdown Largest peak-to-trough decline	-5.38%	-12.37%	+6.99%
Current Drawdown Current decline from peak	-3.84%	-6.88%	+3.04%
Average Drawdown Average peak-to-trough decline	-1.27%	-3.21%	+1.94%

Volatility

Volatility by Period

	MLPI	GXPE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13.05%	20.42%	-7.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.05%	20.42%	-7.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.05%	20.42%	-7.37%

MLPI vs. GXPE - Expense Ratio Comparison

MLPI has a 0.68% expense ratio, which is higher than GXPE's 0.15% expense ratio.

Dividends

MLPI vs. GXPE - Dividend Comparison

MLPI's dividend yield for the trailing twelve months is around 6.04%, more than GXPE's 0.92% yield.

Position	TTM	2025
GXPE Global X PureCap MSCI Energy ETF	0.92%	1.20%
MLPI Neos MLP & Energy Infrastructure High Income ETF	6.04%	0.00%

Frequently Asked Questions

Can I hold both MLPI and GXPE in my portfolio?

MLPI and GXPE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MLPI or GXPE?

On fees, GXPE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MLPI or GXPE?

GXPE is cheaper with a 0.15% expense ratio, compared with 0.68% for MLPI.

Which ETF pays a higher dividend yield, MLPI or GXPE?

MLPI has the higher dividend yield at 6.04%, compared with 0.92% for GXPE.

What is the main difference between MLPI and GXPE?

They also come from different issuers: Neos and Global X. Their fees differ too: 0.68% for MLPI and 0.15% for GXPE.