Global X MLP & Energy Infrastructure ETF (NYSEMKT:MLPX) offers higher income and lower volatility through traditional energy infrastructure, whereas iShares Global Clean Energy ETF (NASDAQ:ICLN) provides volatile, growth-oriented exposure to international renewables.
Investors choosing between these funds are deciding between two distinct ends of the power spectrum
While MLPX targets stable cash flows from pipelines and storage, ICLN bets on the long-term transition toward solar, wind, and sustainable power technologies across global markets. Snapshot (cost & size) iShares Global Clean Energy ETF is slightly more affordable with a 0.39% expense ratio. MLPX is the more income-oriented fund, while ICLN is primarily a thematic equity growth fund Performance & risk comparison What’s inside Global X – MLP & Energy Infrastructure ETF (NYSEMKT:MLPX) focuses entirely on the energy sector, holding roughly 30 positions concentrated in midstream companies and master limited partnerships.
Its largest positions include Tc Energy Corp (NYSE:TRP) at 9.28%, Enbridge Inc (NYSE:ENB) at 9.12%, and Williams Cos Inc (NYSE:WMB) at 8.54%. It aims to provide targeted exposure to North American infrastructure while avoiding the specific tax filing complexities often associated with owning individual MLPs directly. In contrast, iShares Global Clean Energy ETF (NASDAQ:ICLN) provides a significantly broader portfolio of roughly 100 holdings, leaning into utilities at 35%, industrials at 26%, and energy at 25%.