NML vs. MLPX
Compare and contrast key facts about Neuberger Berman MLP (NML) and Global X MLP & Energy Infrastructure ETF (MLPX).
NML is an actively managed fund by Neuberger Berman. It was launched on Mar 26, 2013. MLPX is a passively managed fund by Global X that tracks the performance of the Solactive MLP & Energy Infrastructure Index. It was launched on Aug 7, 2013.
Performance
NML vs. MLPX - Performance Comparison
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NML vs. MLPX - 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% |
MLPX Global X MLP & Energy Infrastructure ETF | 23.52% | 4.96% | 42.90% | 15.77% | 21.54% | 39.63% | -20.32% | 19.04% | -15.64% | -4.53% |
Returns By Period
In the year-to-date period, NML achieves a 25.95% return, which is significantly higher than MLPX's 23.52% return. Over the past 10 years, NML has underperformed MLPX with an annualized return of 12.90%, while MLPX has yielded a comparatively higher 14.53% 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%
MLPX
- 1D
- -0.98%
- 1M
- 3.80%
- YTD
- 23.52%
- 6M
- 20.89%
- 1Y
- 21.69%
- 3Y*
- 29.25%
- 5Y*
- 24.62%
- 10Y*
- 14.53%
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NML vs. MLPX - Expense Ratio Comparison
NML has a 2.72% expense ratio, which is higher than MLPX's 0.45% expense ratio.
Return for Risk
NML vs. MLPX — Risk / Return Rank
NML
MLPX
NML vs. MLPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman MLP (NML) and Global X MLP & Energy Infrastructure ETF (MLPX). 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 | MLPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 1.15 | +0.07 |
Sortino ratioReturn per unit of downside risk | 1.60 | 1.51 | +0.10 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.44 | +0.22 |
Martin ratioReturn relative to average drawdown | 5.64 | 4.48 | +1.16 |
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 | MLPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.15 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 1.24 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.55 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.36 | -0.28 |
Correlation
The correlation between NML and MLPX is 0.75, 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. MLPX - Dividend Comparison
NML's dividend yield for the trailing twelve months is around 6.67%, more than MLPX's 4.06% 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% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.06% | 4.88% | 4.30% | 5.22% | 5.23% | 5.98% | 8.32% | 5.78% | 5.77% | 4.36% | 5.50% | 4.81% |
Drawdowns
NML vs. MLPX - Drawdown Comparison
The maximum NML drawdown since its inception was -90.48%, which is greater than MLPX's maximum drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for NML and MLPX.
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Drawdown Indicators
| NML | MLPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.48% | -70.67% | -19.81% |
Max Drawdown (1Y)Largest decline over 1 year | -15.72% | -14.92% | -0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -21.40% | -19.72% | -1.68% |
Max Drawdown (10Y)Largest decline over 10 years | -84.84% | -64.70% | -20.14% |
Current DrawdownCurrent decline from peak | -0.66% | -2.01% | +1.35% |
Average DrawdownAverage peak-to-trough decline | -37.54% | -16.81% | -20.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.62% | 4.81% | -0.19% |
Volatility
NML vs. MLPX - Volatility Comparison
Neuberger Berman MLP (NML) has a higher volatility of 4.14% compared to Global X MLP & Energy Infrastructure ETF (MLPX) at 3.63%. This indicates that NML's price experiences larger fluctuations and is considered to be riskier than MLPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NML | MLPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.14% | 3.63% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 12.52% | 10.35% | +2.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.79% | 18.88% | +2.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.88% | 20.00% | +3.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.35% | 26.59% | +8.76% |