MLPX vs. SCMB
MLPX (Global X MLP & Energy Infrastructure ETF) and SCMB (Schwab Municipal Bond ETF) are both exchange-traded funds - MLPX is a MLPs fund tracking the Solactive MLP & Energy Infrastructure Index, while SCMB is a Municipal Bonds fund tracking the ICE AMT-Free Core U.S. National Municipal Index. Both are passively managed. Over the past 3 years, MLPX returned 27.27%/yr vs 3.33%/yr for SCMB. At a 0.02 correlation, their price movements are largely independent. MLPX charges 0.45%/yr vs 0.03%/yr for SCMB.
Performance
MLPX vs. SCMB - Performance Comparison
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Returns By Period
In the year-to-date period, MLPX achieves a 25.99% return, which is significantly higher than SCMB's 1.45% return.
MLPX
- 1D
- -0.68%
- 1M
- 0.61%
- 6M
- 26.99%
- YTD
- 25.99%
- 1Y
- 27.55%
- 3Y*
- 27.27%
- 5Y*
- 21.39%
- 10Y*
- 11.94%
SCMB
- 1D
- 0.04%
- 1M
- 0.37%
- 6M
- 0.86%
- YTD
- 1.45%
- 1Y
- 6.21%
- 3Y*
- 3.33%
- 5Y*
- —
- 10Y*
- —
MLPX vs. SCMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MLPX Global X MLP & Energy Infrastructure ETF | 25.99% | 4.96% | 42.90% | 15.77% | 6.84% |
SCMB Schwab Municipal Bond ETF | 1.45% | 3.78% | 0.91% | 5.86% | 2.88% |
Correlation
The correlation between MLPX and SCMB is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.02 |
The correlation between MLPX and SCMB shifts across timeframes, from -0.21 (1 year) to 0.03 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MLPX vs. SCMB — Risk / Return Rank
MLPX
SCMB
MLPX vs. SCMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MLP & Energy Infrastructure ETF (MLPX) and Schwab Municipal Bond ETF (SCMB). 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 | SCMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.43 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.45 | 2.05 | +1.40 |
| Martin ratioReturn relative to average drawdown | 8.14 | 6.80 | +1.35 |
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Drawdowns
MLPX vs. SCMB - Drawdown Comparison
The maximum MLPX drawdown since its inception was -70.67%, which is greater than SCMB's maximum drawdown of -6.13%. Use the drawdown chart below to compare losses from any high point for MLPX and SCMB.
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Drawdown Indicators
| MLPX | SCMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.67% | -6.13% | -64.54% |
Max Drawdown (1Y)Largest decline over 1 year | -8.18% | -2.92% | -5.26% |
Max Drawdown (3Y)Largest decline over 3 years | -16.77% | -5.57% | -11.20% |
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 | -3.85% | -0.50% | -3.35% |
Average DrawdownAverage peak-to-trough decline | -16.54% | -1.30% | -15.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 0.89% | +2.57% |
Volatility
MLPX vs. SCMB - Volatility Comparison
Global X MLP & Energy Infrastructure ETF (MLPX) has a higher volatility of 5.85% compared to Schwab Municipal Bond ETF (SCMB) at 0.63%. This indicates that MLPX's price experiences larger fluctuations and is considered to be riskier than SCMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLPX | SCMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.85% | 0.63% | +5.22% |
Volatility (6M)Calculated over the trailing 6-month period | 12.31% | 2.19% | +10.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.69% | 2.90% | +12.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.02% | 4.12% | +15.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.25% | 4.12% | +22.13% |
MLPX vs. SCMB - Expense Ratio Comparison
MLPX has a 0.45% expense ratio, which is higher than SCMB's 0.03% expense ratio.
Dividends
MLPX vs. SCMB - Dividend Comparison
MLPX's dividend yield for the trailing twelve months is around 4.07%, more than SCMB's 3.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPX Global X MLP & Energy Infrastructure ETF | 4.07% | 4.88% | 4.30% | 5.22% | 5.23% | 5.98% | 8.32% | 5.78% | 5.77% | 4.36% | 5.50% | 4.81% |
SCMB Schwab Municipal Bond ETF | 3.54% | 3.36% | 3.34% | 3.10% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MLPX and SCMB have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MLPX has higher volatility (5.85%) compared to SCMB (0.63%). In terms of maximum drawdown, MLPX dropped -70.67% vs SCMB's -6.13%.
On 3-year performance, MLPX leads with 27.27% vs 3.33% for SCMB. On fees, SCMB is cheaper at 0.03% per year. On volatility, SCMB has been the lower-risk option at 0.63%. 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 27.27% return vs 3.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCMB is cheaper with a 0.03% expense ratio, compared with 0.45% for MLPX.
MLPX has the higher dividend yield at 4.07%, compared with 3.54% for SCMB.
MLPX is categorized as MLPs, while SCMB is Municipal Bonds. MLPX tracks Solactive MLP & Energy Infrastructure Index, while SCMB tracks ICE AMT-Free Core U.S. National Municipal Index. They also come from different issuers: Global X and Charles Schwab. Their fees differ too: 0.45% for MLPX and 0.03% for SCMB.
SCMB currently has the higher Sharpe Ratio (2.06 vs 1.80), 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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