MLPI vs. MLPX
MLPI (NEOS MLP & Energy Infrastructure High Income ETF) and MLPX (Global X MLP & Energy Infrastructure ETF) are both Infrastructure Equities funds. MLPI is actively managed, while MLPX is passively managed. Their correlation of 0.92 means they have usually moved in the same direction. MLPI charges 0.68%/yr vs 0.45%/yr for MLPX.
Performance
MLPI vs. MLPX - Performance Comparison
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Returns By Period
In the year-to-date period, MLPI achieves a 18.15% return, which is significantly lower than MLPX's 26.75% return.
MLPI
- 1D
- -0.07%
- 1M
- -0.05%
- 6M
- 11.52%
- YTD
- 18.15%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
MLPX
- 1D
- 0.31%
- 1M
- 2.91%
- 6M
- 17.40%
- YTD
- 26.75%
- 1Y
- 26.87%
- 3Y*
- 26.63%
- 5Y*
- 22.92%
- 10Y*
- 12.35%
- ALL TIME*
- 9.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $23.44M | $21.53M | $19.40M | |
| $36.85M | $35.99M | $31.05M |
MLPI vs. MLPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MLPI NEOS MLP & Energy Infrastructure High Income ETF | 18.15% | 0.36% |
MLPX Global X MLP & Energy Infrastructure ETF | 26.75% | 1.82% |
Correlation
The correlation between MLPI and MLPX is 0.92, 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 18, 2025 | 0.92 |
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Return for Risk
MLPI vs. MLPX — Risk / Return Rank
MLPI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MLPX
MLPI vs. MLPX - 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 MLP & Energy Infrastructure ETF (MLPX). 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.
| MLPI | MLPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.27 | — |
| Martin ratioReturn relative to average drawdown | — | 7.63 | — |
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Drawdowns
MLPI vs. MLPX - Drawdown Comparison
The maximum MLPI drawdown since its inception was -5.38%, smaller than the maximum MLPX drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for MLPI and MLPX.
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Drawdown Indicators
| MLPI | MLPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.38% | -70.67% | +65.29% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.18% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.77% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.72% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.70% | — |
Current DrawdownCurrent decline from peak | -3.36% | -3.27% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -1.63% | -16.47% | +14.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.49% | — |
Volatility
MLPI vs. MLPX - Volatility Comparison
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Volatility by Period
| MLPI | MLPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.46% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.52% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.31% | 15.68% | -2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.31% | 19.90% | -6.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.31% | 26.14% | -12.83% |
MLPI vs. MLPX - Expense Ratio Comparison
MLPI has a 0.68% expense ratio, which is higher than MLPX's 0.45% expense ratio.
Dividends
MLPI vs. MLPX - Dividend Comparison
MLPI's dividend yield for the trailing twelve months is around 8.63%, more than MLPX's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPI NEOS MLP & Energy Infrastructure High Income ETF | 8.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.05% | 4.88% | 4.30% | 5.22% | 5.23% | 5.98% | 8.32% | 5.78% | 5.77% | 4.36% | 5.50% | 4.81% |
Frequently Asked Questions
With a correlation of 0.92, MLPI and MLPX 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.
On fees, MLPX is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MLPX is cheaper with a 0.45% expense ratio, compared with 0.68% for MLPI.
MLPI has the higher dividend yield at 8.63%, compared with 4.05% for MLPX.
They also come from different issuers: Neos and Global X. Their fees differ too: 0.68% for MLPI and 0.45% for MLPX.
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