MLPA vs MLPX: Differences, Returns & Fees

MLPA and MLPX hold 25% of their weight in the same names, and MLPX returned +24.7% over the year. Net assets on Oct 9, 2026: $2.3bn for Global X MLP ETF and $3.5bn for Global X MLP & Energy Infrastructure ETF.

MLPX costs 0.32 points a year less; their one-year returns differ by 1.5 points; MLPX is 1.5 times larger.

MLPAMLPX
Expense ratio0.77%0.45%
Net assets$2.3bn$3.5bn
Total return, 1 year+23.2%+24.7%
What it tracksnot read by ETFIQnot read by ETFIQ
Holdings in common25%
Top ten holdings, share of the fund98.6%67.1%
Below its high6.5%, high on Sep 9, 20266.1%, high on May 19, 2026

Holdings in common uses holdings dated Oct 9, 2026.

+23.2%
MLPA total return, 1 year
+24.7%
MLPX total return, 1 year
0.77%
MLPA expense ratio
0.45%
MLPX expense ratio

What they hold in common

By the books each fund has filed, MLPA and MLPX hold 25% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Oct 9, 2026.

half

25% in common

Positions both hold, largest shared weight first
Holding MLPA MLPX
ENERGY TRANSFER LP 15.50% 4.50%
MPLX LP 12.42% 4.48%
ENTERPRISE PRODUCTS PARTNERS 13.25% 4.43%
PLAINS ALL AMER PIPELINE LP 11.78% 3.81%
WESTERN MIDSTREAM PARTNERS L 10.39% 3.55%
HESS MIDSTREAM LP - CLASS A 7.71% 1.26%
CHENIERE ENERGY PARTNERS LP 7.38% 0.86%
USA COMPRESSION PARTNERS LP 5.93% 0.76%
GENESIS ENERGY L.P. 4.55% 0.53%
DELEK LOGISTICS PARTNERS LP 3.13% 0.38%
FALCON TOPCO INC 0.00% 6.33%
NGL ENERGY PARTNERS LP 0.00% 0.58%
Only in MLPA
SUNOCO LP 9.66%
GLOBAL PARTNERS LP 4.24%
SUBURBAN PROPANE PARTNERS LP 3.18%
CROSSAMERICA PARTNERS LP 0.00%
MARTIN MIDSTREAM PARTNERS LP 0.00%
STAR GROUP LP 0.00%
SUMMIT MIDSTREAM CORP 0.00%
USD PARTNERS LP 0.00%
Only in MLPX
WILLIAMS COS INC 9.31%
TC ENERGY CORP 9.03%
ENBRIDGE INC 8.70%
TARGA RESOURCES CORP 8.05%
KINDER MORGAN INC 7.39%
CHENIERE ENERGY INC 4.75%
PEMBINA PIPELINE CORP 4.56%
DT MIDSTREAM INC 3.84%

Check overlap with more funds →

On the same fields

MLPA
Global X MLP ETF
MLPX
Global X MLP & Energy Infrastructure ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index Tracks an index
Total return, 1 year +23.2% +24.7%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 +6.0 pts +7.4 pts
Expense ratio 0.77% 0.45%
Already in the S&P 500 0.0% 27.5%
Holdings 20 29
Net assets $2.3bn $3.5bn

MLPA and MLPX on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

MLPA in plain words

MLPA tracks an index. Over the year to Oct 9, 2026 it returned +23.2% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.77% a year. By its holdings published by its issuer for Oct 9, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 20 positions, with the top ten at 98.6%. It sat 6.5% below its high of Sep 9, 2026 on Oct 9, 2026.

MLPX in plain words

MLPX tracks an index. Over the year to Oct 9, 2026 it returned +24.7% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.45% a year. By its holdings published by its issuer for Oct 9, 2026, 28% of the fund by weight is stocks the S&P 500 also holds, across 29 positions, with the top ten at 67.1%. It sat 6.1% below its high of May 19, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, MLPA or MLPX?
In the year to Oct 9, 2026, with distributions reinvested, MLPA returned +23.2% and MLPX +24.7%.
Which is cheaper, MLPA or MLPX?
MLPX is cheaper, by 0.32 percentage points a year. That is about $32 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do MLPA and MLPX overlap with the S&P 500?
By their latest filed holdings, 0% of MLPA and 28% of MLPX by weight is stocks the S&P 500 already holds.
Other comparisons
Where these figures came from

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, MLPA against MLPX, data as of Oct 9, 2026. https://etfiq.com/compare/any/mlpa-vs-mlpx

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.