TMLP vs. MLPX
TMLP (Tortoise MLP ETF) and MLPX (Global X MLP & Energy Infrastructure ETF) are both exchange-traded funds - TMLP is a MLPs fund tracking the Tortoise MLP Index, while MLPX is a Infrastructure Equities fund tracking the Solactive MLP & Energy Infrastructure Index. Both are passively managed. Their correlation of 0.88 means they have usually moved in the same direction. TMLP charges 0.50%/yr vs 0.45%/yr for MLPX.
Performance
TMLP vs. MLPX - Performance Comparison
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Returns By Period
In the year-to-date period, TMLP achieves a 21.38% return, which is significantly lower than MLPX's 26.36% return.
TMLP
- 1D
- 0.44%
- 1M
- 6.24%
- 6M
- 13.76%
- YTD
- 21.38%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
MLPX
- 1D
- 0.51%
- 1M
- 1.62%
- 6M
- 16.61%
- YTD
- 26.36%
- 1Y
- 27.22%
- 3Y*
- 26.17%
- 5Y*
- 22.85%
- 10Y*
- 12.48%
- ALL TIME*
- 9.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $38.10M | $36.60M | $31.01M | |
TMLP Tortoise MLP ETF | $21.22K | $27.25K | $99.38K |
TMLP vs. MLPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TMLP Tortoise MLP ETF | 21.38% | 0.01% |
MLPX Global X MLP & Energy Infrastructure ETF | 26.36% | 1.17% |
Correlation
The correlation between TMLP and MLPX is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 23, 2025 | 0.88 |
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Return for Risk
TMLP vs. MLPX — Risk / Return Rank
TMLP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MLPX
TMLP vs. MLPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise MLP ETF (TMLP) 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.
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.
| TMLP | MLPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.34 | — |
| Martin ratioReturn relative to average drawdown | — | 7.82 | — |
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Drawdowns
TMLP vs. MLPX - Drawdown Comparison
The maximum TMLP drawdown since its inception was -8.55%, smaller than the maximum MLPX drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for TMLP and MLPX.
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Drawdown Indicators
| TMLP | MLPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.55% | -70.67% | +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 DrawdownCurrent decline from peak | -0.76% | -3.57% | +2.81% |
Average DrawdownAverage peak-to-trough decline | -2.17% | -16.48% | +14.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.49% | — |
Volatility
TMLP vs. MLPX - Volatility Comparison
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Volatility by Period
| TMLP | MLPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.70% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.55% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.24% | 15.68% | -1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.24% | 19.90% | -5.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.24% | 26.16% | -11.92% |
TMLP vs. MLPX - Expense Ratio Comparison
TMLP has a 0.50% expense ratio, which is higher than MLPX's 0.45% expense ratio.
Dividends
TMLP vs. MLPX - Dividend Comparison
TMLP's dividend yield for the trailing twelve months is around 3.69%, less than MLPX's 4.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TMLP Tortoise MLP ETF | 3.69% | 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
TMLP and MLPX 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.
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.
MLPX is cheaper with a 0.45% expense ratio, compared with 0.50% for TMLP.
MLPX has the higher dividend yield at 4.06%, compared with 3.69% for TMLP.
TMLP is categorized as MLPs, while MLPX is Infrastructure Equities. TMLP tracks Tortoise MLP Index, while MLPX tracks Solactive MLP & Energy Infrastructure Index. They also come from different issuers: Tortoise and Global X. Their fees differ too: 0.50% for TMLP and 0.45% for MLPX.
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