NML vs. MLPA
Compare and contrast key facts about Neuberger Berman MLP (NML) and Global X MLP ETF (MLPA).
NML is an actively managed fund by Neuberger Berman. It was launched on Mar 26, 2013. MLPA is a passively managed fund by Global X that tracks the performance of the Solactive MLP Infrastructure Index. It was launched on Apr 18, 2012.
Performance
NML vs. MLPA - Performance Comparison
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NML vs. MLPA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NML Neuberger Berman MLP | 25.95% | 4.36% | 40.55% | 14.61% | 32.75% | 61.76% | -45.84% | 10.60% | -23.02% | 7.07% |
MLPA Global X MLP ETF | 13.45% | 5.73% | 20.35% | 15.93% | 27.03% | 39.64% | -33.97% | 11.91% | -15.71% | -8.31% |
Returns By Period
In the year-to-date period, NML achieves a 25.95% return, which is significantly higher than MLPA's 13.45% return. Over the past 10 years, NML has outperformed MLPA with an annualized return of 12.90%, while MLPA has yielded a comparatively lower 8.14% annualized return.
NML
- 1D
- -0.19%
- 1M
- 3.44%
- YTD
- 25.95%
- 6M
- 25.36%
- 1Y
- 26.49%
- 3Y*
- 27.91%
- 5Y*
- 28.84%
- 10Y*
- 12.90%
MLPA
- 1D
- -1.37%
- 1M
- 0.67%
- YTD
- 13.45%
- 6M
- 15.77%
- 1Y
- 9.41%
- 3Y*
- 17.72%
- 5Y*
- 18.64%
- 10Y*
- 8.14%
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NML vs. MLPA - Expense Ratio Comparison
NML has a 2.72% expense ratio, which is higher than MLPA's 0.46% expense ratio.
Return for Risk
NML vs. MLPA — Risk / Return Rank
NML
MLPA
NML vs. MLPA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman MLP (NML) and Global X MLP ETF (MLPA). 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.
| NML | MLPA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 0.59 | +0.63 |
Sortino ratioReturn per unit of downside risk | 1.60 | 0.86 | +0.74 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.12 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 0.63 | +1.03 |
Martin ratioReturn relative to average drawdown | 5.64 | 1.56 | +4.09 |
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
| NML | MLPA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 0.59 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 1.02 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.30 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.16 | -0.08 |
Correlation
The correlation between NML and MLPA is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
NML vs. MLPA - Dividend Comparison
NML's dividend yield for the trailing twelve months is around 6.67%, less than MLPA's 7.15% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NML Neuberger Berman MLP | 6.67% | 8.24% | 7.94% | 10.19% | 4.26% | 3.54% | 8.33% | 9.76% | 9.87% | 7.04% | 8.63% | 15.44% |
MLPA Global X MLP ETF | 7.15% | 7.82% | 7.25% | 7.49% | 7.30% | 8.72% | 13.84% | 9.09% | 10.00% | 8.05% | 7.15% | 9.29% |
Drawdowns
NML vs. MLPA - Drawdown Comparison
The maximum NML drawdown since its inception was -90.48%, which is greater than MLPA's maximum drawdown of -78.75%. Use the drawdown chart below to compare losses from any high point for NML and MLPA.
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Drawdown Indicators
| NML | MLPA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.48% | -78.75% | -11.73% |
Max Drawdown (1Y)Largest decline over 1 year | -15.72% | -14.20% | -1.52% |
Max Drawdown (5Y)Largest decline over 5 years | -21.40% | -18.75% | -2.65% |
Max Drawdown (10Y)Largest decline over 10 years | -84.84% | -74.05% | -10.79% |
Current DrawdownCurrent decline from peak | -0.66% | -2.87% | +2.21% |
Average DrawdownAverage peak-to-trough decline | -37.54% | -20.50% | -17.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.62% | 5.73% | -1.11% |
Volatility
NML vs. MLPA - Volatility Comparison
Neuberger Berman MLP (NML) has a higher volatility of 4.14% compared to Global X MLP ETF (MLPA) at 3.34%. This indicates that NML's price experiences larger fluctuations and is considered to be riskier than MLPA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NML | MLPA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.14% | 3.34% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 12.52% | 7.92% | +4.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.79% | 16.09% | +5.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.88% | 18.41% | +5.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.35% | 27.64% | +7.71% |