Here’s a concise comparison of the Global X-MLP & Energy Infrastructure ETF (MLPX) and the State Street SPDR S&P Oil & Gas Exploration & Production ETF (XOP) in the energy sector.
Overview
- MLPX: Focuses on midstream infrastructure, highlighting stable income through higher yields.
- XOP: Targets upstream energy production, with exposure to more volatile oil and gas companies.
Key Statistics (as of 8/20/26)
| Metric | XOP | MLPX |
|---|---|---|
| Issuer | SPDR | Global X |
| Share Price | $187.45 | $75.38 |
| Expense Ratio | 0.35% | 0.45% |
| 1-Year Return | +54.5% | +30.8% |
| Dividend Yield | 1.7% | 4.1% |
| Beta | 0.54 | 0.58 |
| AUM | $4.1 billion | $3.65 billion |
Performance & Risk
| Metric | XOP | MLPX |
|---|---|---|
| Max Drawdown (5 yr) | -56.77% | -19.7% |
| Growth of $1,000 (5 yrs) | $2,888 | $2,975 |
Portfolio Composition
- MLPX holds 29 positions mainly in midstream infrastructure (e.g., TC Energy, Williams Cos., Enbridge).
- XOP has 51 holdings that offer broader exposure meaning amplified risk and reward linked to commodity prices (e.g., PBF Energy, HF Sinclair).
Conclusion
- Choose XOP if you’re seeking growth potential and are comfortable with higher volatility.
- Opt for MLPX if you prefer income stability from dividends and lower volatility.
- For a diversified approach, consider holding both.
Make your decision based on your investment goals: stability with MLPX or growth with XOP.
