MLPX vs. EMLP
Compare and contrast key facts about Global X MLP & Energy Infrastructure ETF (MLPX) and First Trust North American Energy Infrastructure Fund (EMLP).
MLPX and EMLP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MLPX is a passively managed fund by Global X that tracks the performance of the Solactive MLP & Energy Infrastructure Index. It was launched on Aug 7, 2013. EMLP is an actively managed fund by First Trust. It was launched on Jun 21, 2012.
Performance
MLPX vs. EMLP - Performance Comparison
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MLPX vs. EMLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLPX Global X MLP & Energy Infrastructure ETF | 23.52% | 4.96% | 42.90% | 15.77% | 21.54% | 39.63% | -20.32% | 19.04% | -15.64% | -4.53% |
EMLP First Trust North American Energy Infrastructure Fund | 16.08% | 9.67% | 33.39% | 8.05% | 10.39% | 23.20% | -13.36% | 23.40% | -8.70% | 1.07% |
Returns By Period
In the year-to-date period, MLPX achieves a 23.52% return, which is significantly higher than EMLP's 16.08% return. Over the past 10 years, MLPX has outperformed EMLP with an annualized return of 14.53%, while EMLP has yielded a comparatively lower 11.51% annualized return.
MLPX
- 1D
- -0.98%
- 1M
- 3.80%
- YTD
- 23.52%
- 6M
- 20.89%
- 1Y
- 21.69%
- 3Y*
- 29.25%
- 5Y*
- 24.62%
- 10Y*
- 14.53%
EMLP
- 1D
- -0.59%
- 1M
- 0.43%
- YTD
- 16.08%
- 6M
- 15.69%
- 1Y
- 20.09%
- 3Y*
- 22.08%
- 5Y*
- 17.72%
- 10Y*
- 11.51%
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MLPX vs. EMLP - Expense Ratio Comparison
MLPX has a 0.45% expense ratio, which is lower than EMLP's 0.96% expense ratio.
Return for Risk
MLPX vs. EMLP — Risk / Return Rank
MLPX
EMLP
MLPX vs. EMLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MLP & Energy Infrastructure ETF (MLPX) and First Trust North American Energy Infrastructure Fund (EMLP). 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 | EMLP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 1.51 | -0.35 |
Sortino ratioReturn per unit of downside risk | 1.51 | 1.94 | -0.43 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.30 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.44 | 1.83 | -0.39 |
Martin ratioReturn relative to average drawdown | 4.48 | 8.54 | -4.06 |
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
| MLPX | EMLP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 1.51 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.24 | 1.23 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.65 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.58 | -0.22 |
Correlation
The correlation between MLPX and EMLP is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MLPX vs. EMLP - Dividend Comparison
MLPX's dividend yield for the trailing twelve months is around 4.06%, more than EMLP's 2.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPX Global X MLP & Energy Infrastructure ETF | 4.06% | 4.88% | 4.30% | 5.22% | 5.23% | 5.98% | 8.32% | 5.78% | 5.77% | 4.36% | 5.50% | 4.81% |
EMLP First Trust North American Energy Infrastructure Fund | 2.75% | 3.18% | 3.19% | 3.92% | 3.15% | 3.29% | 4.70% | 3.71% | 4.71% | 3.80% | 3.62% | 4.63% |
Drawdowns
MLPX vs. EMLP - Drawdown Comparison
The maximum MLPX drawdown since its inception was -70.67%, which is greater than EMLP's maximum drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for MLPX and EMLP.
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Drawdown Indicators
| MLPX | EMLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.67% | -43.61% | -27.06% |
Max Drawdown (1Y)Largest decline over 1 year | -14.92% | -11.27% | -3.65% |
Max Drawdown (5Y)Largest decline over 5 years | -19.72% | -14.59% | -5.13% |
Max Drawdown (10Y)Largest decline over 10 years | -64.70% | -43.61% | -21.09% |
Current DrawdownCurrent decline from peak | -2.01% | -0.59% | -1.42% |
Average DrawdownAverage peak-to-trough decline | -16.81% | -5.81% | -11.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.81% | 2.41% | +2.40% |
Volatility
MLPX vs. EMLP - Volatility Comparison
Global X MLP & Energy Infrastructure ETF (MLPX) has a higher volatility of 3.63% compared to First Trust North American Energy Infrastructure Fund (EMLP) at 2.80%. This indicates that MLPX's price experiences larger fluctuations and is considered to be riskier than EMLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLPX | EMLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.63% | 2.80% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 10.35% | 6.79% | +3.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.88% | 13.41% | +5.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.00% | 14.46% | +5.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.59% | 17.72% | +8.87% |