MLPX vs. MLPI
MLPX (Global X MLP & Energy Infrastructure ETF) and MLPI (NEOS MLP & Energy Infrastructure High Income ETF) are both MLPs funds. MLPX is passively managed, while MLPI is actively managed. Their correlation of 0.92 suggests significant overlap in exposure. 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 27.47% return, which is significantly higher than MLPI's 20.64% return.
MLPX
- 1D
- -0.84%
- 1M
- 3.31%
- 6M
- 25.40%
- YTD
- 27.47%
- 1Y
- 29.12%
- 3Y*
- 27.98%
- 5Y*
- 23.23%
- 10Y*
- 11.98%
MLPI
- 1D
- -0.55%
- 1M
- 2.23%
- 6M
- 20.13%
- YTD
- 20.64%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MLPX vs. MLPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MLPX Global X MLP & Energy Infrastructure ETF | 27.47% | 1.82% |
MLPI NEOS MLP & Energy Infrastructure High Income ETF | 20.64% | 0.36% |
Correlation
The correlation between MLPX and MLPI is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025 | 0.92 |
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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 | 1.32 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | — | — |
| Martin ratioReturn relative to average drawdown | 8.43 | — | — |
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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 | -2.72% | -1.33% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -16.52% | -1.58% | -14.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | — | — |
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 | 5.96% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.36% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.76% | 13.29% | +2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.00% | 13.29% | +6.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.15% | 13.29% | +12.86% |
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 4.02%, less than MLPI's 7.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPI NEOS MLP & Energy Infrastructure High Income ETF | 7.13% | 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 | 4.02% | 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 0.92, 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 7.13%, compared with 4.02% 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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