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MLPX vs. EUSA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MLPX vs. EUSA

Last updated Jun 19, 2026

MLPX (Global X MLP & Energy Infrastructure ETF) and EUSA (iShares MSCI USA Equal Weighted ETF) are both exchange-traded funds - MLPX is a MLPs fund tracking the Solactive MLP & Energy Infrastructure Index, while EUSA is a Mid Cap Blend Equities fund tracking the MSCI USA Equal Weighted Index. Both are passively managed. Over the past 10 years, MLPX returned 12.12%/yr vs 11.59%/yr for EUSA. A 0.57 correlation means they provide meaningful diversification when combined. MLPX charges 0.45%/yr vs 0.09%/yr for EUSA.

Performance

MLPX vs. EUSA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MLP & Energy Infrastructure ETF (MLPX) and iShares MSCI USA Equal Weighted ETF (EUSA). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MLPX achieves a 21.97% return, which is significantly higher than EUSA's 9.38% return. Both investments have delivered pretty close results over the past 10 years, with MLPX having a 12.12% annualized return and EUSA not far behind at 11.59%.

MLPX

1D
0.51%
1M
-6.92%
YTD
21.97%
6M
24.86%
1Y
22.58%
3Y*
27.21%
5Y*
21.17%
10Y*
12.12%

EUSA

1D
0.47%
1M
4.24%
YTD
9.38%
6M
9.41%
1Y
18.63%
3Y*
14.76%
5Y*
8.22%
10Y*
11.59%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MLPX vs. EUSA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MLPX
Global X MLP & Energy Infrastructure ETF		21.97%4.96%42.90%15.77%21.54%39.63%-20.32%19.04%-15.64%-4.53%
EUSA
iShares MSCI USA Equal Weighted ETF		9.38%10.24%14.64%17.72%-17.13%25.60%15.03%30.56%-8.58%19.02%

Correlation

The correlation between MLPX and EUSA is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.11

Correlation (3Y)
Calculated over the trailing 3-year period

0.42

Correlation (5Y)
Calculated over the trailing 5-year period

0.52

Correlation (10Y)
Calculated over the trailing 10-year period

0.57

Correlation (All Time)
Calculated using the full available price history since Aug 7, 2013

0.57

Over the past year, the correlation between MLPX and EUSA has dropped to 0.11 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.

MLPX vs. EUSA - Sectors Allocation Comparison

Sectors
MLPX
EUSA

Energy

99.6%
3.8%

Utilities

0.3%
5.4%

Basic Materials

-

4.3%

Communication Services

-

4.0%

Consumer Cyclical

-

11.1%

Consumer Defensive

-

5.3%

Financial Services

-

14.7%

Healthcare

-

10.8%

Industrials

-

15.3%

Real Estate

-

5.2%

Technology

-

20.3%

Energy

MLPX
99.6%
EUSA
3.8%

Utilities

MLPX
0.3%
EUSA
5.4%

Basic Materials

MLPX

-

EUSA
4.3%

Communication Services

MLPX

-

EUSA
4.0%

Consumer Cyclical

MLPX

-

EUSA
11.1%

Consumer Defensive

MLPX

-

EUSA
5.3%

Financial Services

MLPX

-

EUSA
14.7%

Healthcare

MLPX

-

EUSA
10.8%

Industrials

MLPX

-

EUSA
15.3%

Real Estate

MLPX

-

EUSA
5.2%

Technology

MLPX

-

EUSA
20.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X MLP & Energy Infrastructure ETF

iShares MSCI USA Equal Weighted ETF

Often compared with MLPX:
MLPX vs. ENFRMLPX vs. XLEMLPX vs. VDEMLPX vs. VOOMLPX vs. UMIMLPX vs. IYEMLPX vs. TPYP
Often compared with EUSA:
EUSA vs. RSPEUSA vs. GSEWEUSA vs. VOOEUSA vs. VTIEUSA vs. ^GSPCEUSA vs. SCHGEUSA vs. ITOT

Return for Risk

MLPX vs. EUSA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MLPX
MLPX Risk / Return Rank: 4646
Overall Rank
MLPX Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
MLPX Sortino Ratio Rank: 4343
Sortino Ratio Rank
MLPX Omega Ratio Rank: 4040
Omega Ratio Rank
MLPX Calmar Ratio Rank: 6060
Calmar Ratio Rank
MLPX Martin Ratio Rank: 4343
Martin Ratio Rank
EUSA
EUSA Risk / Return Rank: 4949
Overall Rank
EUSA Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
EUSA Sortino Ratio Rank: 4848
Sortino Ratio Rank
EUSA Omega Ratio Rank: 4444
Omega Ratio Rank
EUSA Calmar Ratio Rank: 5151
Calmar Ratio Rank
EUSA Martin Ratio Rank: 5757
Martin Ratio Rank
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. EUSA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MLP & Energy Infrastructure ETF (MLPX) and iShares MSCI USA Equal Weighted ETF (EUSA). 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.

MLPXEUSADifference
Sharpe ratioReturn per unit of total volatility
1.48
1.55

-0.07

Sortino ratioReturn per unit of downside risk
2.08
2.23

-0.15

Omega ratioGain probability vs. loss probability

1.25

1.27

-0.01

Calmar ratioReturn relative to maximum drawdown

2.77

2.39

+0.38

Martin ratioReturn relative to average drawdown

6.72

9.43

-2.71

MLPX vs. EUSA - Sharpe Ratio Comparison

The current MLPX Sharpe Ratio is 1.48, which is comparable to the EUSA Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of MLPX and EUSA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

MLPX vs. EUSA - Drawdown Comparison

The maximum MLPX drawdown since its inception was -70.67%, which is greater than EUSA's maximum drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for MLPX and EUSA.

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Drawdown Indicators

MLPXEUSADifference

Max Drawdown

Largest peak-to-trough decline

-70.67%

-39.16%

-31.51%

Max Drawdown (1Y)

Largest decline over 1 year

-8.18%

-7.82%

-0.36%

Max Drawdown (3Y)

Largest decline over 3 years

-16.77%

-18.20%

+1.43%

Max Drawdown (5Y)

Largest decline over 5 years

-19.72%

-25.24%

+5.52%

Max Drawdown (10Y)

Largest decline over 10 years

-64.70%

-39.16%

-25.54%

Current Drawdown

Current decline from peak

-6.92%

-1.23%

-5.69%

Average Drawdown

Average peak-to-trough decline

-16.59%

-4.59%

-12.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.37%

1.98%

+1.39%

Volatility

MLPX vs. EUSA - Volatility Comparison

Global X MLP & Energy Infrastructure ETF (MLPX) has a higher volatility of 5.45% compared to iShares MSCI USA Equal Weighted ETF (EUSA) at 3.92%. This indicates that MLPX's price experiences larger fluctuations and is considered to be riskier than EUSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MLPXEUSADifference

Volatility (1M)

Calculated over the trailing 1-month period

5.45%

3.92%

+1.53%

Volatility (6M)

Calculated over the trailing 6-month period

11.69%

9.11%

+2.58%

Volatility (1Y)

Calculated over the trailing 1-year period

15.32%

12.08%

+3.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.01%

17.00%

+3.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.48%

18.36%

+8.12%

MLPX vs. EUSA - Expense Ratio Comparison

MLPX has a 0.45% expense ratio, which is higher than EUSA's 0.09% expense ratio.

Dividends

MLPX vs. EUSA - Dividend Comparison

MLPX's dividend yield for the trailing twelve months is around 4.20%, more than EUSA's 1.48% yield.

PositionTTM20252024202320222021202020192018201720162015
EUSA
iShares MSCI USA Equal Weighted ETF		1.48%1.63%1.47%1.53%1.73%1.23%1.45%1.49%2.01%1.50%1.59%2.21%
MLPX
Global X MLP & Energy Infrastructure ETF		4.20%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

MLPX and EUSA have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MLPX has higher volatility (5.45%) compared to EUSA (3.92%). In terms of maximum drawdown, MLPX dropped -70.67% vs EUSA's -39.16%.

On 10-year performance, MLPX leads with 12.12% vs 11.59% for EUSA. On fees, EUSA is cheaper at 0.09% per year. On volatility, EUSA has been the lower-risk option at 3.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, MLPX has performed better with a 12.12% return vs 11.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EUSA is cheaper with a 0.09% expense ratio, compared with 0.45% for MLPX.

MLPX has the higher dividend yield at 4.20%, compared with 1.48% for EUSA.

MLPX is categorized as MLPs, while EUSA is Mid Cap Blend Equities. MLPX tracks Solactive MLP & Energy Infrastructure Index, while EUSA tracks MSCI USA Equal Weighted Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.45% for MLPX and 0.09% for EUSA.

EUSA currently has the higher Sharpe Ratio (1.55 vs 1.48), 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.

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