MLPX vs. TMLP

Last updated Jul 14, 2026

MLPX (Global X MLP & Energy Infrastructure ETF) and TMLP (Tortoise MLP ETF) are both MLPs funds - MLPX tracks the Solactive MLP & Energy Infrastructure Index while TMLP tracks the Tortoise MLP Index. Both are passively managed. Their correlation of 0.89 suggests significant overlap in exposure. MLPX charges 0.45%/yr vs 0.50%/yr for TMLP.

Performance

MLPX vs. TMLP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MLP & Energy Infrastructure ETF (MLPX) and Tortoise MLP ETF (TMLP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MLPX achieves a 27.98% return, which is significantly higher than TMLP's 18.41% return.

MLPX

• 1D: 1.58%
• 1M: 2.20%
• 6M: 28.92%
• YTD: 27.98%
• 1Y: 29.57%
• 3Y*: 28.15%
• 5Y*: 22.73%
• 10Y*: 12.02%

TMLP

• 1D: 2.05%
• 1M: 1.84%
• 6M: 17.30%
• YTD: 18.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MLPX vs. TMLP - Yearly Performance Comparison

	2026 (YTD)	2025
MLPX Global X MLP & Energy Infrastructure ETF	27.98%	1.17%
TMLP Tortoise MLP ETF	18.41%	0.01%

Correlation

The correlation between MLPX and TMLP is 0.89, 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 23, 2025	0.89

Return for Risk

MLPX vs. TMLP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MLPX

MLPX Risk / Return Rank: 72
MLPX Sharpe Ratio Rank: 74
MLPX Sortino Ratio Rank: 74
MLPX Omega Ratio Rank: 67
MLPX Calmar Ratio Rank: 84
MLPX Martin Ratio Rank: 61

TMLP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MLPX vs. TMLP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MLP & Energy Infrastructure ETF (MLPX) and Tortoise MLP ETF (TMLP). 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	TMLP	Difference
Sharpe ratio: Return per unit of total volatility	1.88	—	—
Sortino ratio: Return per unit of downside risk	2.65	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	3.63	—	—
Martin ratio: Return relative to average drawdown	8.56	—	—

Drawdowns

MLPX vs. TMLP - Drawdown Comparison

The maximum MLPX drawdown since its inception was -70.67%, which is greater than TMLP's maximum drawdown of -8.55%. Use the drawdown chart below to compare losses from any high point for MLPX and TMLP.

Drawdown Indicators

	MLPX	TMLP	Difference
Max Drawdown Largest peak-to-trough decline	-70.67%	-8.55%	-62.12%
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 Drawdown Current decline from peak	-2.33%	-3.19%	+0.86%
Average Drawdown Average peak-to-trough decline	-16.53%	-2.18%	-14.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	—	—

Volatility

Volatility by Period

	MLPX	TMLP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.90%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.79%	14.40%	+1.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.02%	14.40%	+5.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.16%	14.40%	+11.76%

MLPX vs. TMLP - Expense Ratio Comparison

MLPX has a 0.45% expense ratio, which is lower than TMLP's 0.50% expense ratio.

Dividends

MLPX vs. TMLP - Dividend Comparison

MLPX's dividend yield for the trailing twelve months is around 4.01%, more than TMLP's 3.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MLPX Global X MLP & Energy Infrastructure ETF	4.01%	4.88%	4.30%	5.22%	5.23%	5.98%	8.32%	5.78%	5.77%	4.36%	5.50%	4.81%
TMLP Tortoise MLP ETF	3.78%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MLPX and TMLP in my portfolio?

MLPX and TMLP have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MLPX or TMLP?

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.

Which ETF is cheaper, MLPX or TMLP?

MLPX is cheaper with a 0.45% expense ratio, compared with 0.50% for TMLP.

Which ETF pays a higher dividend yield, MLPX or TMLP?

MLPX has the higher dividend yield at 4.01%, compared with 3.78% for TMLP.

What is the main difference between MLPX and TMLP?

MLPX tracks Solactive MLP & Energy Infrastructure Index, while TMLP tracks Tortoise MLP Index. They also come from different issuers: Global X and Tortoise. Their fees differ too: 0.45% for MLPX and 0.50% for TMLP.