Which paid more, EIPI or MLPD?

Over the year to Nov 4, 2026, EIPI paid 7.7% of its starting price in cash and MLPD paid 14.1%, so MLPD paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, EIPI or MLPD?

With every distribution reinvested, EIPI returned +21.8% and MLPD +15.4% over the year to Nov 4, 2026.

Which is cheaper, EIPI or MLPD?

EIPI charges 1.11% a year and MLPD charges 0.60%, so MLPD is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

EIPI vs MLPD: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, MLPD paid 14.1% of its price in cash against EIPI’s 7.7%, though EIPI returned more with it reinvested.

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Net assets: $1.1bn on Nov 3, 2026 for FT Energy Income Partners Enhanced Income ETF, and $26m on Oct 12, 2026 for Global X MLP & Energy Infrastructure Covered Call ETF.

EIPI on its own →MLPD on its own →

At a glance

7.7%

EIPI cash paid, 1 year

14.1%

MLPD cash paid, 1 year

+21.8%

EIPI total return, 1 year

+15.4%

MLPD total return, 1 year

EIPI · 1 year to Nov 4, 2026 3.8 pts behind its own holdings

EIPI

+21.8%

Own

+25.6%

3.8 pts behind its own holdings

EIPI over 1 year: paid 7.7%, price +13.7%, total +21.8%, its own holdings +25.6%, −3.8 pts. Data to Nov 4, 2026.

its own holdings

+25.6%

EIPI

+21.8%

7.7% of it arrived as cash

3.8 pts behind its own holdings

Total return, distributions reinvested

3.8 pts behind its own holdings

EIPI over 1 year: paid 7.7%, price +13.7%, total +21.8%, its own holdings +25.6%, −3.8 pts. Data to Nov 4, 2026.

its own holdings

+25.6%

EIPI

+21.8%

7.7% of it arrived as cash. Total return, distributions reinvested. EIPI over 1 year: paid 7.7%, price +13.7%, total +21.8%, its own holdings +25.6%, −3.8 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

MLPD · 1 year to Nov 4, 2026 Not measured

MLPD

+15.4%

none

Not measured

MLPD over 1 year: paid 14.1%, price +0.6%, total +15.4%, not measured against a benchmark. Data to Nov 4, 2026.

MLPD

+15.4%

14.1% of it arrived as cash

Total return, distributions reinvested

Not measured

MLPD over 1 year: paid 14.1%, price +0.6%, total +15.4%, not measured against a benchmark. Data to Nov 4, 2026.

MLPD

+15.4%

14.1% cash

14.1% of it arrived as cash. Both charts share one scale, 0 to +25.6%. MLPD over 1 year: paid 14.1%, price +0.6%, total +15.4%, not measured against a benchmark. Data to Nov 4, 2026.

Both charts share one scale, 0 to +25.6%. Data to Nov 4, 2026.

Pair scorecard

MLPD costs 0.51 points a year less; their one-year returns differ by 6.4 points; EIPI is far larger, $1.1bn against $26m.

Points (pts) are percentage points.

EIPI vs MLPD: Dividend Yield & Total Return
Measure	EIPI	MLPD
Paid and earned
Measure	EIPI	MLPD
Total return, 1 year	+21.8%	+15.4%
Price change, 1 year	rose 13.7%	rose 0.6%
Return of capital, issuer estimate	0% of the Oct 30, 2026 payment	100% of the Sep 24, 2026 payment
Against its benchmark
Measure	EIPI	MLPD
Benchmark	its own holdings	not published
Cost and size
Measure	EIPI	MLPD
Expense ratio	1.11%	0.60%
Net assets, as of Oct 12, 2026	$1.1bn	$26m
Holdings
Measure	EIPI	MLPD
Holdings in common	0%

Method

Risk and return

May 17, 2024 to Oct 30, 2026 · 128 weekly returns

EIPI MLPD

Return

Total return edge EIPI +50.9% +34.3%

Annualized edge EIPI +18.2% +12.7%

Price return edge EIPI +21.6% −0.5%

Risk

Volatility edge MLPD 12.8% 10.2%

Max drawdown edge EIPI (slight) −8.8% −9.7%

Risk-adjusted

Sharpe edge EIPI 1.04 0.81

Sortino edge EIPI 1.50 1.03

Calmar edge EIPI 2.08 1.31

Reading

From May 2024 to Oct 2026, EIPI returned more: +50.9% to +34.3%. MLPD swung less: 10.2% to 12.8%. EIPI fell slightly less at its worst: −8.8% to −9.7%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: EIPI vs MLPD: Dividend Yield & Total Return
Measure	EIPI	MLPD	Edge	How it is measured
Return
Total return	+50.9%	+34.3%	EIPI	Price change plus distributions, reinvested.
Annualized	+18.2%	+12.7%	EIPI	Total return as a yearly rate.
Price return	+21.6%	−0.5%	EIPI	Price change alone, distributions left out.
Risk
Volatility	12.8%	10.2%	MLPD	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	8.9%	8.0%	MLPD (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−8.8%	−9.7%	EIPI (slight)	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	1.04	0.81	EIPI	Return above Treasury bills per unit of volatility.
Sortino	1.50	1.03	EIPI	Return above Treasury bills per unit of downside deviation.
Calmar	2.08	1.31	EIPI	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 128 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, EIPI and MLPD hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first EIPI MLPD

Only in one fund ↓

Only in EIPI

Enterprise Products Partners L.P. 8.56%

Energy Transfer LP 6.48%

MPLX LP 4.47%

Kinder Morgan, Inc. 3.97%

ExxonMobil Holdings Corp. 3.53%

ONEOK, Inc. 3.03%

Shell plc (ADR) 2.79%

Duke Energy Corporation 2.58%

Only in MLPD

Global X MLP & Energy Infrastructure ETF 101.03%

Check overlap with more funds →

Side by side

EIPI FT Energy Income Partners Enhanced Income ETF · Covered call on its own holdings, paying monthly MLPD Global X MLP & Energy Infrastructure Covered Call ETF · Covered call, paying monthly

Issuer First Trust Global X

Strategy covered call covered call

Benchmark EIPI's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Nov 2, 2026) none

Pays monthly monthly

Payout rate, annualized 6.8% 12.2%

Expense ratio 1.11% 0.60%

Cash paid, 1 year 7.7% 14.1%

Price change, 1 year +13.7% +0.6%

Total return, 1 year +21.8% +15.4%

Benchmark return, 1 year +25.6% not published

Ahead or behind −3.8 pts not available

Return of capital, latest estimate 0% 100%

Age 2.5 years 2.5 years

Net assets, EIPI as of Nov 3, 2026 and MLPD as of Oct 12, 2026 $1.1bn $26m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: EIPI vs MLPD: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	EIPI	MLPD	EIPI	MLPD	EIPI	MLPD
3 months	+2.2%	+3.6%	1.7%	3.1%	+0.3 pts	not measured
6 months	+2.5%	+3.4%	3.4%	6.0%	+1.1 pts	not measured
1 year	+21.8%	+15.4%	7.7%	14.1%	−3.7 pts	not measured
Since launchNot the same days: EIPI May 2024 · MLPD May 2024	+49.6%	+32.7%	24.0%	30.2%	not measured	not measured

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About each fund

EIPI

Over the year to Nov 4, 2026, EIPI paid 7.7% of its starting value in cash distributions while its price rose 13.7%. With every distribution reinvested, the fund returned +21.8%. EIPI's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Nov 2, 2026) returned +25.6% over the same days, so a holder was behind by 3.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.8%, paid monthly. First Trust estimates that 0% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

MLPD

Over the year to Nov 4, 2026, MLPD paid 14.1% of its starting value in cash distributions while its price rose 0.6%. With every distribution reinvested, the fund returned +15.4%. At its price on Nov 4, 2026 the latest distribution annualizes to 12.2%, paid monthly. Global X estimates that 100% of the distribution paid Sep 24, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, EIPI or MLPD?: Over the year to Nov 4, 2026, EIPI paid 7.7% of its starting price in cash and MLPD paid 14.1%, so MLPD paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, EIPI or MLPD?: With every distribution reinvested, EIPI returned +21.8% and MLPD +15.4% over the year to Nov 4, 2026.
Which is cheaper, EIPI or MLPD?: EIPI charges 1.11% a year and MLPD charges 0.60%, so MLPD is cheaper. Fees come from each fund's prospectus.

Other comparisons

EIPI vs MDST EIPI vs XLSI EIPI vs NDIV EIPI vs SEMY MLPD vs NUKX MLPD vs WEPN MLPD vs TDVI MLPD vs XLEI

Where to next

All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →EIPI on its own →MLPD on its own →EIPI dividend history →EIPI holdings →MLPD dividend history →MLPD holdings →Method →Standards and sources →

Sources and dates

EIPI filings on SEC EDGAR ↗

EIPI prospectus with the expense ratio (SEC) ↗

EIPI 19a-1 distribution notice ↗

First Trust page for EIPI ↗

MLPD filings on SEC EDGAR ↗

MLPD prospectus with the expense ratio (SEC) ↗

MLPD 19a-1 distribution notice ↗

Global X page for MLPD ↗

Links are sources, not endorsements. 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.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, EIPI against MLPD, data as of Nov 4, 2026. https://etfiq.com/compare/income/eipi-vs-mlpd

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