MLPX vs. EMO
Compare and contrast key facts about Global X MLP & Energy Infrastructure ETF (MLPX) and ClearBridge Energy Midstream Opportunity Fund (EMO).
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. EMO is an actively managed fund by Franklin Templeton. It was launched on Jun 10, 2011.
Performance
MLPX vs. EMO - Performance Comparison
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MLPX vs. EMO - 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% |
EMO ClearBridge Energy Midstream Opportunity Fund | 20.88% | 7.38% | 44.45% | 31.76% | 40.13% | 74.70% | -64.47% | 19.60% | -25.73% | 0.07% |
Returns By Period
In the year-to-date period, MLPX achieves a 23.52% return, which is significantly higher than EMO's 20.88% return. Over the past 10 years, MLPX has outperformed EMO with an annualized return of 14.53%, while EMO has yielded a comparatively lower 9.52% 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%
EMO
- 1D
- -0.92%
- 1M
- 2.78%
- YTD
- 20.88%
- 6M
- 23.15%
- 1Y
- 19.30%
- 3Y*
- 34.99%
- 5Y*
- 33.19%
- 10Y*
- 9.52%
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MLPX vs. EMO - Expense Ratio Comparison
MLPX has a 0.45% expense ratio, which is lower than EMO's 13.90% expense ratio.
Return for Risk
MLPX vs. EMO — Risk / Return Rank
MLPX
EMO
MLPX vs. EMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MLP & Energy Infrastructure ETF (MLPX) and ClearBridge Energy Midstream Opportunity Fund (EMO). 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 | EMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 0.91 | +0.25 |
Sortino ratioReturn per unit of downside risk | 1.51 | 1.28 | +0.23 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.20 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.44 | 1.07 | +0.38 |
Martin ratioReturn relative to average drawdown | 4.48 | 3.23 | +1.25 |
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 | EMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 0.91 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.24 | 1.25 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.23 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.12 | +0.24 |
Correlation
The correlation between MLPX and EMO is 0.80, 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. EMO - Dividend Comparison
MLPX's dividend yield for the trailing twelve months is around 4.06%, less than EMO's 8.11% 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% |
EMO ClearBridge Energy Midstream Opportunity Fund | 8.11% | 9.41% | 7.16% | 6.79% | 6.71% | 6.71% | 15.82% | 10.94% | 16.39% | 10.85% | 9.76% | 11.88% |
Drawdowns
MLPX vs. EMO - Drawdown Comparison
The maximum MLPX drawdown since its inception was -70.67%, smaller than the maximum EMO drawdown of -95.06%. Use the drawdown chart below to compare losses from any high point for MLPX and EMO.
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Drawdown Indicators
| MLPX | EMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.67% | -95.06% | +24.39% |
Max Drawdown (1Y)Largest decline over 1 year | -14.92% | -18.81% | +3.89% |
Max Drawdown (5Y)Largest decline over 5 years | -19.72% | -28.59% | +8.87% |
Max Drawdown (10Y)Largest decline over 10 years | -64.70% | -93.02% | +28.32% |
Current DrawdownCurrent decline from peak | -2.01% | -2.55% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -16.81% | -32.27% | +15.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.81% | 6.22% | -1.41% |
Volatility
MLPX vs. EMO - Volatility Comparison
The current volatility for Global X MLP & Energy Infrastructure ETF (MLPX) is 3.63%, while ClearBridge Energy Midstream Opportunity Fund (EMO) has a volatility of 4.63%. This indicates that MLPX experiences smaller price fluctuations and is considered to be less risky than EMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLPX | EMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.63% | 4.63% | -1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 10.35% | 11.12% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.88% | 21.39% | -2.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.00% | 26.78% | -6.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.59% | 41.41% | -14.82% |