MLPX vs. GYLD
MLPX (Global X MLP & Energy Infrastructure ETF) and GYLD (Arrow Dow Jones Global Yield ETF) are both exchange-traded funds - MLPX is a MLPs fund tracking the Solactive MLP & Energy Infrastructure Index, while GYLD is a Diversified Portfolio fund tracking the DJ Brookfield Global Infrastructure Composite Yield. Both are passively managed. Over the past 10 years, MLPX returned 12.45%/yr vs 4.72%/yr for GYLD. At a 0.50 correlation, their price movements are largely independent. MLPX charges 0.45%/yr vs 0.75%/yr for GYLD.
Performance
MLPX vs. GYLD - Performance Comparison
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Returns By Period
In the year-to-date period, MLPX achieves a 25.35% return, which is significantly higher than GYLD's 7.29% return. Over the past 10 years, MLPX has outperformed GYLD with an annualized return of 12.45%, while GYLD has yielded a comparatively lower 4.72% annualized return.
MLPX
- 1D
- 1.68%
- 1M
- -3.98%
- YTD
- 25.35%
- 6M
- 25.51%
- 1Y
- 27.11%
- 3Y*
- 29.56%
- 5Y*
- 21.27%
- 10Y*
- 12.45%
GYLD
- 1D
- -0.70%
- 1M
- -1.41%
- YTD
- 7.29%
- 6M
- 7.99%
- 1Y
- 16.25%
- 3Y*
- 15.08%
- 5Y*
- 6.08%
- 10Y*
- 4.72%
MLPX vs. GYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLPX Global X MLP & Energy Infrastructure ETF | 25.35% | 4.96% | 42.90% | 15.77% | 21.54% | 39.63% | -20.32% | 19.04% | -15.64% | -4.53% |
GYLD Arrow Dow Jones Global Yield ETF | 7.29% | 19.85% | 3.83% | 10.36% | -7.73% | 18.03% | -11.17% | 13.29% | -9.97% | 4.33% |
Correlation
The correlation between MLPX and GYLD is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2013 | 0.50 |
Over the past year, the correlation between MLPX and GYLD has dropped to 0.06 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
MLPX vs. GYLD — Risk / Return Rank
MLPX
GYLD
MLPX vs. GYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MLP & Energy Infrastructure ETF (MLPX) and Arrow Dow Jones Global Yield ETF (GYLD). 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.
| MLPX | GYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 3.36 | -0.03 |
| Martin ratioReturn relative to average drawdown | 8.00 | 9.53 | -1.53 |
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Drawdowns
MLPX vs. GYLD - Drawdown Comparison
The maximum MLPX drawdown since its inception was -70.67%, which is greater than GYLD's maximum drawdown of -55.03%. Use the drawdown chart below to compare losses from any high point for MLPX and GYLD.
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Drawdown Indicators
| MLPX | GYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.67% | -55.03% | -15.64% |
Max Drawdown (1Y)Largest decline over 1 year | -8.18% | -4.86% | -3.32% |
Max Drawdown (3Y)Largest decline over 3 years | -16.77% | -8.37% | -8.40% |
Max Drawdown (5Y)Largest decline over 5 years | -19.72% | -19.37% | -0.35% |
Max Drawdown (10Y)Largest decline over 10 years | -64.70% | -47.89% | -16.81% |
Current DrawdownCurrent decline from peak | -4.34% | -2.28% | -2.06% |
Average DrawdownAverage peak-to-trough decline | -16.58% | -14.36% | -2.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 1.71% | +1.69% |
Volatility
MLPX vs. GYLD - Volatility Comparison
Global X MLP & Energy Infrastructure ETF (MLPX) has a higher volatility of 5.80% compared to Arrow Dow Jones Global Yield ETF (GYLD) at 3.27%. This indicates that MLPX's price experiences larger fluctuations and is considered to be riskier than GYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLPX | GYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.80% | 3.27% | +2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 11.78% | 9.40% | +2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.43% | 12.33% | +3.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.99% | 13.80% | +6.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.47% | 16.51% | +9.96% |
MLPX vs. GYLD - Expense Ratio Comparison
MLPX has a 0.45% expense ratio, which is lower than GYLD's 0.75% expense ratio.
Dividends
MLPX vs. GYLD - Dividend Comparison
MLPX's dividend yield for the trailing twelve months is around 4.09%, less than GYLD's 7.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GYLD Arrow Dow Jones Global Yield ETF | 7.55% | 8.43% | 12.90% | 7.13% | 4.64% | 5.50% | 7.42% | 5.83% | 8.17% | 6.78% | 7.29% | 10.35% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.09% | 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 GYLD have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MLPX has higher volatility (5.80%) compared to GYLD (3.27%). In terms of maximum drawdown, MLPX dropped -70.67% vs GYLD's -55.03%.
On 10-year performance, MLPX leads with 12.45% vs 4.72% for GYLD. On fees, MLPX is cheaper at 0.45% per year. On volatility, GYLD has been the lower-risk option at 3.27%. 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 12.45% return vs 4.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MLPX is cheaper with a 0.45% expense ratio, compared with 0.75% for GYLD.
GYLD has the higher dividend yield at 7.55%, compared with 4.09% for MLPX.
MLPX is categorized as MLPs, while GYLD is Diversified Portfolio. MLPX tracks Solactive MLP & Energy Infrastructure Index, while GYLD tracks DJ Brookfield Global Infrastructure Composite Yield. They also come from different issuers: Global X and Arrow Funds. Their fees differ too: 0.45% for MLPX and 0.75% for GYLD.
MLPX currently has the higher Sharpe Ratio (1.77 vs 1.32), 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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