MLPX vs. NBET
MLPX (Global X MLP & Energy Infrastructure ETF) and NBET (Neuberger Berman Energy Transition & Infrastructure ETF) are both Infrastructure Equities funds. MLPX is passively managed, while NBET is actively managed. Over the past 3 years, MLPX returned 26.63%/yr vs 19.60%/yr for NBET. Their 0.73 correlation means they have sometimes moved together and sometimes differently. MLPX charges 0.45%/yr vs 0.65%/yr for NBET.
Performance
MLPX vs. NBET - Performance Comparison
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Returns By Period
In the year-to-date period, MLPX achieves a 26.75% return, which is significantly higher than NBET's 24.97% return.
MLPX
- 1D
- 0.31%
- 1M
- 2.91%
- 6M
- 17.40%
- YTD
- 26.75%
- 1Y
- 26.87%
- 3Y*
- 26.63%
- 5Y*
- 22.92%
- 10Y*
- 12.35%
- ALL TIME*
- 9.35%
NBET
- 1D
- 0.93%
- 1M
- 3.95%
- 6M
- 14.68%
- YTD
- 24.97%
- 1Y
- 27.68%
- 3Y*
- 19.60%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $36.85M | $35.99M | $31.05M | |
| $197.04K | $221.77K | $179.90K |
MLPX vs. NBET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MLPX Global X MLP & Energy Infrastructure ETF | 26.75% | 4.96% | 42.90% | 15.77% | -1.62% |
NBET Neuberger Berman Energy Transition & Infrastructure ETF | 24.97% | 5.87% | 30.30% | 7.48% | -6.07% |
Correlation
The correlation between MLPX and NBET is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2022 | 0.73 |
The correlation between MLPX and NBET shifts across timeframes, from 0.73 (all time) to 0.88 (1 year), reflecting how their relationship changes across market environments.
MLPX vs. NBET - Sectors Allocation Comparison
Sectors
MLPX
NBET
Energy
Utilities
Industrials
Basic Materials
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Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Financial Services
-
-
Healthcare
-
-
Real Estate
-
-
Technology
-
-
Energy
MLPX
NBET
Utilities
MLPX
NBET
Industrials
MLPX
NBET
Basic Materials
MLPX
-
NBET
Communication Services
MLPX
-
NBET
-
Consumer Cyclical
MLPX
-
NBET
-
Consumer Defensive
MLPX
-
NBET
-
Financial Services
MLPX
-
NBET
-
Healthcare
MLPX
-
NBET
-
Real Estate
MLPX
-
NBET
-
Technology
MLPX
-
NBET
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Return for Risk
MLPX vs. NBET — Risk / Return Rank
MLPX
NBET
MLPX vs. NBET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MLP & Energy Infrastructure ETF (MLPX) and Neuberger Berman Energy Transition & Infrastructure ETF (NBET). 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 | NBET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.29 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 3.30 | -0.03 |
| Martin ratioReturn relative to average drawdown | 7.63 | 8.03 | -0.39 |
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Drawdowns
MLPX vs. NBET - Drawdown Comparison
The maximum MLPX drawdown since its inception was -70.67%, which is greater than NBET's maximum drawdown of -18.72%. Use the drawdown chart below to compare losses from any high point for MLPX and NBET.
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Drawdown Indicators
| MLPX | NBET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.67% | -18.72% | -51.95% |
Max Drawdown (1Y)Largest decline over 1 year | -8.18% | -8.00% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -16.77% | -17.38% | +0.61% |
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 | -3.27% | -3.76% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -16.47% | -5.06% | -11.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 3.30% | +0.19% |
Volatility
MLPX vs. NBET - Volatility Comparison
Global X MLP & Energy Infrastructure ETF (MLPX) has a higher volatility of 5.46% compared to Neuberger Berman Energy Transition & Infrastructure ETF (NBET) at 5.11%. This indicates that MLPX's price experiences larger fluctuations and is considered to be riskier than NBET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLPX | NBET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.46% | 5.11% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 12.52% | 11.79% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.68% | 14.92% | +0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.90% | 19.43% | +0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.14% | 19.43% | +6.71% |
MLPX vs. NBET - Expense Ratio Comparison
MLPX has a 0.45% expense ratio, which is lower than NBET's 0.65% expense ratio.
Dividends
MLPX vs. NBET - Dividend Comparison
MLPX's dividend yield for the trailing twelve months is around 4.05%, more than NBET's 2.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPX Global X MLP & Energy Infrastructure ETF | 4.05% | 4.88% | 4.30% | 5.22% | 5.23% | 5.98% | 8.32% | 5.78% | 5.77% | 4.36% | 5.50% | 4.81% |
NBET Neuberger Berman Energy Transition & Infrastructure ETF | 2.41% | 2.70% | 2.43% | 1.22% | 0.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MLPX and NBET have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MLPX has higher volatility (5.46%) compared to NBET (5.11%). In terms of maximum drawdown, MLPX dropped -70.67% vs NBET's -18.72%.
On 3-year performance, MLPX leads with 26.63% vs 19.60% for NBET. On fees, MLPX is cheaper at 0.45% per year. On volatility, NBET has been the lower-risk option at 5.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, MLPX has performed better with a 26.63% return vs 19.60%. 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 0.65% for NBET.
MLPX has the higher dividend yield at 4.05%, compared with 2.41% for NBET.
They also come from different issuers: Global X and Neuberger Berman. Their fees differ too: 0.45% for MLPX and 0.65% for NBET.
NBET currently has the higher Sharpe Ratio (1.77 vs 1.71), 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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