MLPX vs. BSMY

Last updated Jun 4, 2026

MLPX (Global X MLP & Energy Infrastructure ETF) and BSMY (Invesco BulletShares 2034 Municipal Bond ETF) are both exchange-traded funds - MLPX is a MLPs fund tracking the Solactive MLP & Energy Infrastructure Index, while BSMY is a Municipal Bonds fund tracking the Invesco BulletShares USD Municipal Bond 2034 Index. Both are passively managed. Over the past year, MLPX returned 22.94% vs 8.12% for BSMY. At a correlation of -0.02, they often move in opposite directions. MLPX charges 0.45%/yr vs 0.18%/yr for BSMY.

Performance

MLPX vs. BSMY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MLP & Energy Infrastructure ETF (MLPX) and Invesco BulletShares 2034 Municipal Bond ETF (BSMY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MLPX achieves a 23.59% return, which is significantly higher than BSMY's 1.43% return.

MLPX

• 1D: -0.39%
• 1M: -2.15%
• YTD: 23.59%
• 6M: 23.51%
• 1Y: 22.94%
• 3Y*: 28.13%
• 5Y*: 20.92%
• 10Y*: 12.41%

BSMY

• 1D: 0.03%
• 1M: 0.52%
• YTD: 1.43%
• 6M: 1.83%
• 1Y: 8.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MLPX vs. BSMY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MLPX Global X MLP & Energy Infrastructure ETF	23.59%	4.96%	15.93%
BSMY Invesco BulletShares 2034 Municipal Bond ETF	1.43%	3.82%	-1.86%

Correlation

The correlation between MLPX and BSMY is -0.18, 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	-0.18
Correlation (All Time) Calculated using the full available price history since Sep 12, 2024	-0.02

The correlation between MLPX and BSMY shifts across timeframes, from -0.18 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.

MLPX vs. BSMY - Sectors Allocation Comparison

Sectors	MLPX	BSMY
Energy	99.5%	-
Utilities	0.3%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	0.2%
Consumer Defensive	-	-
Financial Services	-	2.2%
Healthcare	-	-
Industrials	-	0.0%
Real Estate	-	-
Technology	-	-

Return for Risk

MLPX vs. BSMY — Risk / Return Rank

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

MLPX

MLPX Risk / Return Rank: 44
MLPX Sharpe Ratio Rank: 42
MLPX Sortino Ratio Rank: 40
MLPX Omega Ratio Rank: 39
MLPX Calmar Ratio Rank: 56
MLPX Martin Ratio Rank: 44

BSMY

BSMY Risk / Return Rank: 68
BSMY Sharpe Ratio Rank: 73
BSMY Sortino Ratio Rank: 80
BSMY Omega Ratio Rank: 83
BSMY Calmar Ratio Rank: 51
BSMY Martin Ratio Rank: 52

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.

MLPX vs. BSMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MLP & Energy Infrastructure ETF (MLPX) and Invesco BulletShares 2034 Municipal Bond ETF (BSMY). 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.

	MLPX	BSMY	Difference
Sharpe ratio: Return per unit of total volatility	1.50	2.36	-0.85
Sortino ratio: Return per unit of downside risk	2.09	3.56	-1.46
Omega ratio: Gain probability vs. loss probability	1.26	1.49	-0.23
Calmar ratio: Return relative to maximum drawdown	2.82	2.46	+0.36
Martin ratio: Return relative to average drawdown	7.27	8.53	-1.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MLPX vs. BSMY - Sharpe Ratio Comparison

The current MLPX Sharpe Ratio is 1.50, which is lower than the BSMY Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of MLPX and BSMY, 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

	MLPX	BSMY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.50	2.36	-0.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.05	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.37	-0.02

Drawdowns

MLPX vs. BSMY - Drawdown Comparison

The maximum MLPX drawdown since its inception was -70.67%, which is greater than BSMY's maximum drawdown of -6.81%. Use the drawdown chart below to compare losses from any high point for MLPX and BSMY.

Drawdown Indicators

	MLPX	BSMY	Difference
Max Drawdown Largest peak-to-trough decline	-70.67%	-6.81%	-63.86%
Max Drawdown (1Y) Largest decline over 1 year	-8.18%	-3.31%	-4.87%
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 Drawdown Current decline from peak	-5.68%	-0.79%	-4.89%
Average Drawdown Average peak-to-trough decline	-16.63%	-1.98%	-14.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	0.95%	+2.22%

Volatility

MLPX vs. BSMY - Volatility Comparison

Global X MLP & Energy Infrastructure ETF (MLPX) has a higher volatility of 6.41% compared to Invesco BulletShares 2034 Municipal Bond ETF (BSMY) at 1.28%. This indicates that MLPX's price experiences larger fluctuations and is considered to be riskier than BSMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MLPX	BSMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.41%	1.28%	+5.13%
Volatility (6M) Calculated over the trailing 6-month period	11.84%	2.55%	+9.29%
Volatility (1Y) Calculated over the trailing 1-year period	15.38%	3.46%	+11.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.08%	5.23%	+14.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.50%	5.23%	+21.27%

MLPX vs. BSMY - Expense Ratio Comparison

MLPX has a 0.45% expense ratio, which is higher than BSMY's 0.18% expense ratio.

Dividends

MLPX vs. BSMY - Dividend Comparison

MLPX's dividend yield for the trailing twelve months is around 4.15%, more than BSMY's 3.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BSMY Invesco BulletShares 2034 Municipal Bond ETF	3.53%	3.31%	0.79%	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	4.15%	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

Can I hold both MLPX and BSMY in my portfolio?

MLPX and BSMY have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MLPX or BSMY?

MLPX has higher volatility (6.41%) compared to BSMY (1.28%). In terms of maximum drawdown, MLPX dropped -70.67% vs BSMY's -6.81%.

Which ETF is better, MLPX or BSMY?

On 1-year performance, MLPX leads with 22.94% vs 8.12% for BSMY. On fees, BSMY is cheaper at 0.18% per year. On volatility, BSMY has been the lower-risk option at 1.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MLPX or BSMY?

Over the 1-year period, MLPX has performed better with a 22.94% return vs 8.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MLPX or BSMY?

BSMY is cheaper with a 0.18% expense ratio, compared with 0.45% for MLPX.

Which ETF pays a higher dividend yield, MLPX or BSMY?

MLPX has the higher dividend yield at 4.15%, compared with 3.53% for BSMY.

What is the main difference between MLPX and BSMY?

MLPX is categorized as MLPs, while BSMY is Municipal Bonds. MLPX tracks Solactive MLP & Energy Infrastructure Index, while BSMY tracks Invesco BulletShares USD Municipal Bond 2034 Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.45% for MLPX and 0.18% for BSMY.

Which has better risk-adjusted returns?

BSMY currently has the higher Sharpe Ratio (2.36 vs 1.50), 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.