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MLPX vs. GRID
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between MLPX and GRID is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.0
Correlation: 0.5

Performance

MLPX vs. GRID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MLP & Energy Infrastructure ETF (MLPX) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID). The values are adjusted to include any dividend payments, if applicable.

150.00%200.00%250.00%300.00%NovemberDecember2025FebruaryMarchApril
147.55%
297.02%
MLPX
GRID

Key characteristics

Sharpe Ratio

MLPX:

1.52

GRID:

0.29

Sortino Ratio

MLPX:

1.91

GRID:

0.57

Omega Ratio

MLPX:

1.29

GRID:

1.07

Calmar Ratio

MLPX:

1.92

GRID:

0.33

Martin Ratio

MLPX:

7.21

GRID:

1.17

Ulcer Index

MLPX:

4.47%

GRID:

5.78%

Daily Std Dev

MLPX:

21.27%

GRID:

23.04%

Max Drawdown

MLPX:

-70.59%

GRID:

-40.55%

Current Drawdown

MLPX:

-7.97%

GRID:

-9.11%

Returns By Period

In the year-to-date period, MLPX achieves a 2.12% return, which is significantly higher than GRID's -2.31% return. Over the past 10 years, MLPX has underperformed GRID with an annualized return of 6.24%, while GRID has yielded a comparatively higher 13.75% annualized return.


MLPX

YTD

2.12%

1M

-5.73%

6M

9.21%

1Y

30.89%

5Y*

29.57%

10Y*

6.24%

GRID

YTD

-2.31%

1M

-2.49%

6M

-6.49%

1Y

4.90%

5Y*

22.23%

10Y*

13.75%

*Annualized

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MLPX vs. GRID - Expense Ratio Comparison

MLPX has a 0.45% expense ratio, which is lower than GRID's 0.70% expense ratio.


Expense ratio chart for GRID: current value is 0.70%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
GRID: 0.70%
Expense ratio chart for MLPX: current value is 0.45%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
MLPX: 0.45%

Risk-Adjusted Performance

MLPX vs. GRID — Risk-Adjusted Performance Rank

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

MLPX
The Risk-Adjusted Performance Rank of MLPX is 9090
Overall Rank
The Sharpe Ratio Rank of MLPX is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of MLPX is 8888
Sortino Ratio Rank
The Omega Ratio Rank of MLPX is 8989
Omega Ratio Rank
The Calmar Ratio Rank of MLPX is 9393
Calmar Ratio Rank
The Martin Ratio Rank of MLPX is 9090
Martin Ratio Rank

GRID
The Risk-Adjusted Performance Rank of GRID is 4646
Overall Rank
The Sharpe Ratio Rank of GRID is 4545
Sharpe Ratio Rank
The Sortino Ratio Rank of GRID is 4646
Sortino Ratio Rank
The Omega Ratio Rank of GRID is 4444
Omega Ratio Rank
The Calmar Ratio Rank of GRID is 5050
Calmar Ratio Rank
The Martin Ratio Rank of GRID is 4747
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

MLPX vs. GRID - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MLP & Energy Infrastructure ETF (MLPX) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID). 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.


The chart of Sharpe ratio for MLPX, currently valued at 1.52, compared to the broader market-1.000.001.002.003.004.00
MLPX: 1.52
GRID: 0.29
The chart of Sortino ratio for MLPX, currently valued at 1.91, compared to the broader market-2.000.002.004.006.008.00
MLPX: 1.91
GRID: 0.57
The chart of Omega ratio for MLPX, currently valued at 1.29, compared to the broader market0.501.001.502.002.50
MLPX: 1.29
GRID: 1.07
The chart of Calmar ratio for MLPX, currently valued at 1.92, compared to the broader market0.002.004.006.008.0010.0012.00
MLPX: 1.92
GRID: 0.33
The chart of Martin ratio for MLPX, currently valued at 7.21, compared to the broader market0.0020.0040.0060.00
MLPX: 7.21
GRID: 1.17

The current MLPX Sharpe Ratio is 1.52, which is higher than the GRID Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of MLPX and GRID, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
1.52
0.29
MLPX
GRID

Dividends

MLPX vs. GRID - Dividend Comparison

MLPX's dividend yield for the trailing twelve months is around 4.41%, more than GRID's 1.12% yield.


TTM20242023202220212020201920182017201620152014
MLPX
Global X MLP & Energy Infrastructure ETF
4.41%4.30%5.22%5.23%5.98%8.32%5.78%5.98%4.36%5.50%4.81%2.15%
GRID
First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index
1.12%1.06%1.23%1.26%0.63%0.68%1.26%1.28%1.07%1.07%1.23%1.45%

Drawdowns

MLPX vs. GRID - Drawdown Comparison

The maximum MLPX drawdown since its inception was -70.59%, which is greater than GRID's maximum drawdown of -40.55%. Use the drawdown chart below to compare losses from any high point for MLPX and GRID. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-7.97%
-9.11%
MLPX
GRID

Volatility

MLPX vs. GRID - Volatility Comparison

Global X MLP & Energy Infrastructure ETF (MLPX) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) have volatilities of 13.37% and 13.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%14.00%NovemberDecember2025FebruaryMarchApril
13.37%
13.69%
MLPX
GRID