MLPX vs. MLPI
MLPX (Global X MLP & Energy Infrastructure ETF) and MLPI (NEOS MLP & Energy Infrastructure High Income ETF) are both Infrastructure Equities funds. MLPX is passively managed, while MLPI is actively managed. Their correlation of 0.91 means they have usually moved in the same direction. MLPX charges 0.45%/yr vs 0.68%/yr for MLPI.
Performance
MLPX vs. MLPI - Performance Comparison
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Returns By Period
In the year-to-date period, MLPX achieves a 25.19% return, which is significantly higher than MLPI's 16.44% return.
MLPX
- 1D
- -0.15%
- 1M
- 1.64%
- 6M
- 14.78%
- YTD
- 25.19%
- 1Y
- 24.87%
- 3Y*
- 26.05%
- 5Y*
- 22.83%
- 10Y*
- 11.91%
- ALL TIME*
- 9.24%
MLPI
- 1D
- -1.18%
- 1M
- -1.50%
- 6M
- 9.25%
- YTD
- 16.44%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $23.58M | $22.61M | $19.60M | |
| $37.38M | $37.27M | $31.59M |
MLPX vs. MLPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MLPX Global X MLP & Energy Infrastructure ETF | 25.19% | 1.82% |
MLPI NEOS MLP & Energy Infrastructure High Income ETF | 16.44% | 0.36% |
Correlation
The correlation between MLPX and MLPI is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025 | 0.91 |
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Return for Risk
MLPX vs. MLPI — Risk / Return Rank
MLPX
MLPI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MLPX vs. MLPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MLP & Energy Infrastructure ETF (MLPX) and NEOS MLP & Energy Infrastructure High Income ETF (MLPI). 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 | MLPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.27 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | — | — |
| Martin ratioReturn relative to average drawdown | 7.14 | — | — |
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Drawdowns
MLPX vs. MLPI - Drawdown Comparison
The maximum MLPX drawdown since its inception was -70.67%, which is greater than MLPI's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for MLPX and MLPI.
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Drawdown Indicators
| MLPX | MLPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.67% | -5.38% | -65.29% |
Max Drawdown (1Y)Largest decline over 1 year | -8.18% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -16.77% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.72% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -64.70% | — | — |
Current DrawdownCurrent decline from peak | -4.46% | -4.77% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -16.46% | -1.67% | -14.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | — | — |
Volatility
MLPX vs. MLPI - Volatility Comparison
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Volatility by Period
| MLPX | MLPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.58% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.50% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.71% | 13.34% | +2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.89% | 13.34% | +6.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.14% | 13.34% | +12.80% |
MLPX vs. MLPI - Expense Ratio Comparison
MLPX has a 0.45% expense ratio, which is lower than MLPI's 0.68% expense ratio.
Dividends
MLPX vs. MLPI - Dividend Comparison
MLPX's dividend yield for the trailing twelve months is around 4.10%, less than MLPI's 8.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPI NEOS MLP & Energy Infrastructure High Income ETF | 8.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.10% | 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
With a correlation of 0.91, MLPX and MLPI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, MLPX is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MLPX is cheaper with a 0.45% expense ratio, compared with 0.68% for MLPI.
MLPI has the higher dividend yield at 8.76%, compared with 4.10% for MLPX.
They also come from different issuers: Global X and Neos. Their fees differ too: 0.45% for MLPX and 0.68% for MLPI.
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