TMLP vs. MLPX

Last updated Jul 10, 2026

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

Performance

TMLP vs. MLPX - Performance Comparison

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

Returns By Period

In the year-to-date period, TMLP achieves a 16.89% return, which is significantly lower than MLPX's 26.85% return.

TMLP

• 1D: -0.85%
• 1M: 0.12%
• 6M: 16.69%
• YTD: 16.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MLPX

• 1D: -0.69%
• 1M: 2.51%
• 6M: 27.71%
• YTD: 26.85%
• 1Y: 29.01%
• 3Y*: 28.16%
• 5Y*: 21.55%
• 10Y*: 12.83%

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

TMLP vs. MLPX - Yearly Performance Comparison

	2026 (YTD)	2025
TMLP Tortoise MLP ETF	16.89%	0.01%
MLPX Global X MLP & Energy Infrastructure ETF	26.85%	1.17%

Correlation

The correlation between TMLP and MLPX 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

TMLP vs. MLPX — Risk / Return Rank

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

TMLP

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

MLPX

MLPX Risk / Return Rank: 72
MLPX Sharpe Ratio Rank: 74
MLPX Sortino Ratio Rank: 73
MLPX Omega Ratio Rank: 67
MLPX Calmar Ratio Rank: 84
MLPX Martin Ratio Rank: 60

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.

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 ratio: Return per unit of total volatility	—	1.86	—
Sortino ratio: Return per unit of downside risk	—	2.61	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	3.56	—
Martin ratio: Return relative to average drawdown	—	8.43	—

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.

Drawdown Indicators

	TMLP	MLPX	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-4.44%	-3.20%	-1.24%
Average Drawdown Average peak-to-trough decline	-2.15%	-16.54%	+14.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.45%	—

Volatility

Volatility by Period

	TMLP	MLPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.80%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.28%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.22%	15.67%	-1.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.22%	20.02%	-5.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.22%	26.28%	-12.06%

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 3.83%, less than MLPX's 4.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MLPX Global X MLP & Energy Infrastructure ETF	4.04%	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	3.83%	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 TMLP and MLPX in my portfolio?

TMLP and MLPX 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, TMLP or MLPX?

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, TMLP or MLPX?

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

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

MLPX has the higher dividend yield at 4.04%, compared with 3.83% for TMLP.

What is the main difference between TMLP and MLPX?

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.