XAIX vs. MLPD.L

Last updated Jun 9, 2026

XAIX (Xtrackers Artificial Intelligence and Big Data ETF) and MLPD.L (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist)) are both exchange-traded funds - XAIX is a Technology Equities fund tracking the Nasdaq Global Artificial Intelligence and Big Data Index, while MLPD.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past year, XAIX returned 54.71% vs 15.61% for MLPD.L. At a 0.09 correlation, their price movements are largely independent. XAIX charges 0.35%/yr vs 0.50%/yr for MLPD.L.

Performance

XAIX vs. MLPD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Artificial Intelligence and Big Data ETF (XAIX) and Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XAIX achieves a 30.20% return, which is significantly higher than MLPD.L's 18.82% return.

XAIX

• 1D: 2.48%
• 1M: 5.11%
• YTD: 30.20%
• 6M: 30.19%
• 1Y: 54.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MLPD.L

• 1D: -0.49%
• 1M: 1.36%
• YTD: 18.82%
• 6M: 14.62%
• 1Y: 15.61%
• 3Y*: 18.84%
• 5Y*: 16.46%
• 10Y*: 7.11%

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

XAIX vs. MLPD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XAIX Xtrackers Artificial Intelligence and Big Data ETF	30.20%	29.05%	15.47%
MLPD.L Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist)	18.82%	2.34%	9.10%

Correlation

The correlation between XAIX and MLPD.L is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.04
Correlation (All Time) Calculated using the full available price history since Aug 5, 2024	0.09

The correlation between XAIX and MLPD.L shifts across timeframes, from -0.04 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.

XAIX vs. MLPD.L - Sectors Allocation Comparison

Sectors	XAIX	MLPD.L
Technology	71.7%	-
Communication Services	14.1%	-
Consumer Cyclical	8.9%	-
Financial Services	5.2%	-
Industrials	0.1%	0.2%
Consumer Defensive	0.0%	-
Healthcare	0.0%	-
Basic Materials	0.0%	-
Energy	0.0%	96.7%
Utilities	0.0%	3.2%
Real Estate	-	-

Return for Risk

XAIX vs. MLPD.L — Risk / Return Rank

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

XAIX

XAIX Risk / Return Rank: 80
XAIX Sharpe Ratio Rank: 84
XAIX Sortino Ratio Rank: 76
XAIX Omega Ratio Rank: 80
XAIX Calmar Ratio Rank: 82
XAIX Martin Ratio Rank: 80

MLPD.L

MLPD.L Risk / Return Rank: 34
MLPD.L Sharpe Ratio Rank: 34
MLPD.L Sortino Ratio Rank: 31
MLPD.L Omega Ratio Rank: 31
MLPD.L Calmar Ratio Rank: 41
MLPD.L Martin Ratio Rank: 34

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.

XAIX vs. MLPD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Artificial Intelligence and Big Data ETF (XAIX) and Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPD.L). 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.

	XAIX	MLPD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.45	1.09	+1.36
Sortino ratio: Return per unit of downside risk	3.04	1.55	+1.49
Omega ratio: Gain probability vs. loss probability	1.43	1.19	+0.24
Calmar ratio: Return relative to maximum drawdown	3.92	1.83	+2.09
Martin ratio: Return relative to average drawdown	14.14	4.68	+9.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XAIX vs. MLPD.L - Sharpe Ratio Comparison

The current XAIX Sharpe Ratio is 2.45, which is higher than the MLPD.L Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of XAIX and MLPD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XAIX	MLPD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.45	1.09	+1.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.81	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.81	0.13	+1.68

Drawdowns

XAIX vs. MLPD.L - Drawdown Comparison

The maximum XAIX drawdown since its inception was -23.95%, smaller than the maximum MLPD.L drawdown of -82.22%. Use the drawdown chart below to compare losses from any high point for XAIX and MLPD.L.

Drawdown Indicators

	XAIX	MLPD.L	Difference
Max Drawdown Largest peak-to-trough decline	-23.95%	-82.22%	+58.27%
Max Drawdown (1Y) Largest decline over 1 year	-14.01%	-8.48%	-5.53%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.24%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.78%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-75.74%	—
Current Drawdown Current decline from peak	-8.33%	-3.16%	-5.17%
Average Drawdown Average peak-to-trough decline	-3.51%	-28.08%	+24.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.88%	3.33%	+0.55%

Volatility

XAIX vs. MLPD.L - Volatility Comparison

Xtrackers Artificial Intelligence and Big Data ETF (XAIX) has a higher volatility of 12.81% compared to Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPD.L) at 4.46%. This indicates that XAIX's price experiences larger fluctuations and is considered to be riskier than MLPD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XAIX	MLPD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.81%	4.46%	+8.35%
Volatility (6M) Calculated over the trailing 6-month period	19.45%	10.93%	+8.52%
Volatility (1Y) Calculated over the trailing 1-year period	22.47%	14.24%	+8.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.10%	20.36%	+3.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.10%	28.33%	-4.23%

XAIX vs. MLPD.L - Expense Ratio Comparison

XAIX has a 0.35% expense ratio, which is lower than MLPD.L's 0.50% expense ratio.

Dividends

XAIX vs. MLPD.L - Dividend Comparison

XAIX's dividend yield for the trailing twelve months is around 0.41%, less than MLPD.L's 7.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MLPD.L Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist)	7.56%	8.21%	8.18%	8.60%	7.98%	8.57%	11.03%	10.06%	9.87%	8.15%	8.14%	9.96%
XAIX Xtrackers Artificial Intelligence and Big Data ETF	0.41%	0.54%	0.08%	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 XAIX and MLPD.L in my portfolio?

XAIX and MLPD.L have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XAIX or MLPD.L?

On fees, XAIX is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XAIX or MLPD.L?

XAIX is cheaper with a 0.35% expense ratio, compared with 0.50% for MLPD.L.

What is the main difference between XAIX and MLPD.L?

XAIX is categorized as Technology Equities, while MLPD.L is Energy Equities. XAIX tracks Nasdaq Global Artificial Intelligence and Big Data Index, while MLPD.L tracks MSCI World/Energy NR USD. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.35% for XAIX and 0.50% for MLPD.L.