MLPX vs. MLPI
MLPX (Global X MLP & Energy Infrastructure ETF) and MLPI (Neos MLP & Energy Infrastructure High Income ETF) are both exchange-traded funds - MLPX is a MLPs fund tracking the Solactive MLP & Energy Infrastructure Index, while MLPI is a Energy Equities fund actively managed by Neos. 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 23.59% return, which is significantly higher than MLPI's 17.58% return.
MLPX
- 1D
- -0.39%
- 1M
- -2.15%
- YTD
- 23.59%
- 6M
- 23.51%
- 1Y
- 22.94%
- 3Y*
- 28.13%
- 5Y*
- 20.92%
- 10Y*
- 12.41%
MLPI
- 1D
- 0.04%
- 1M
- -3.13%
- YTD
- 17.58%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MLPX vs. MLPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MLPX Global X MLP & Energy Infrastructure ETF | 23.59% | 2.37% |
MLPI Neos MLP & Energy Infrastructure High Income ETF | 17.58% | 0.56% |
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 19, 2025 | 0.92 |
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Return for Risk
MLPX vs. MLPI — Risk / Return Rank
MLPX
MLPI
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.
| MLPX | MLPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | — | — |
| Martin ratioReturn relative to average drawdown | 7.27 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MLPX | MLPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.05 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 3.49 | -3.13 |
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 | -5.68% | -3.84% | -1.84% |
Average DrawdownAverage peak-to-trough decline | -16.63% | -1.27% | -15.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | — | — |
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 | 6.41% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.84% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.38% | 13.05% | +2.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.08% | 13.05% | +7.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.50% | 13.05% | +13.45% |
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 4.15%, less than MLPI's 6.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPI Neos MLP & Energy Infrastructure High Income ETF | 6.04% | 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 | 4.15% | 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 6.04%, compared with 4.15% for MLPX.
MLPX is categorized as MLPs, while MLPI is Energy Equities. 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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