Data as of Nov 4, 2026.
MLPD vs WEPN: Dividend Yield & Total Return
MLPD and WEPN both write options for income.
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Net assets: $26m on Oct 12, 2026 for Global X MLP & Energy Infrastructure Covered Call ETF, and $6.1m on Jul 31, 2026 for Nicholas Defense and Rare Earth Income ETF.
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% of it arrived as cash. Total return, distributions reinvested. MLPD over 1 year: paid 14.1%, price +0.6%, total +15.4%, not measured against a benchmark. Data to Nov 4, 2026.
Data to Nov 4, 2026.Not measured
WEPN since launch: paid 7.4%, price −24.4%, total −17.8%, not measured against a benchmark. Data to Nov 4, 2026.
WEPN
−17.8%
Total return, distributions reinvested
Not measured
WEPN since launch: paid 7.4%, price −24.4%, total −17.8%, not measured against a benchmark. Data to Nov 4, 2026.
WEPN
−17.8%
7.4% of it arrived as cash. Both charts share one scale, with zero at the line. WEPN since launch: paid 7.4%, price −24.4%, total −17.8%, not measured against a benchmark. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
MLPD costs 0.51 points a year less.
Points (pts) are percentage points.
| Measure | MLPD | WEPN |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +15.4% | not published |
| Price change | rose 0.6% (1 year) | fell 16.9% (6 months) |
| Return of capital, issuer estimate | 100% of the Sep 24, 2026 payment | 100% of the Oct 28, 2026 payment |
| Against its benchmark | ||
| Benchmark | not published | its own holdings |
| Against its benchmark, same days | behind by 5.9 pts | |
| Cost and size | ||
| Expense ratio | 0.60% | 1.11% |
| Net assets, MLPD as of Oct 12, 2026 and WEPN as of Jul 31, 2026 | $26m | $6.1m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, MLPD and WEPN hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.
half
0% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | MLPD | WEPN | MLPD | WEPN | MLPD | WEPN |
| 3 months | +3.6% | −12.2% | 3.1% | 2.9% | not measured | −4.0 pts |
| 6 months | +3.4% | −11.8% | 6.0% | 5.8% | not measured | −5.9 pts |
| 1 year | +15.4% | – | 14.1% | – | not measured | – |
| Since launchNot the same days: MLPD May 2024 · WEPN Mar 2026 | +32.7% | −17.8% | 30.2% | 7.4% | not measured | not measured |
– means no data for this window. Open this comparison in the app →
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). That is a tax label, not a measure of erosion.
WEPN's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Jul 31, 2026) returned −5.9% over the same days, so a holder was behind by 5.9 pts.
Over the 6 months to Nov 4, 2026, WEPN paid 5.8% of its starting value in cash distributions while its price fell 16.9%. With every distribution reinvested, the fund returned −11.8%. At its price on Nov 4, 2026 the latest distribution annualizes to 13.1%, paid weekly. Nicholas estimates that 100% of the distribution paid Oct 28, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
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, MLPD against WEPN, data as of Nov 4, 2026. https://etfiq.com/compare/income/mlpd-vs-wepn
ETFIQ. (Nov 4, 2026). MLPD against WEPN. Retrieved from https://etfiq.com/compare/income/mlpd-vs-wepn
[MLPD against WEPN (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/mlpd-vs-wepn)
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