Global X MLPX offers lower fees and broader diversification, while Alerian AMLP provides a higher dividend yield for income-focused investors.
Investors choosing between the Global X MLP & Energy Infrastructure ETF (MLPX) and the Alerian MLP ETF (AMLP) face a trade-off between costs and income. MLPX charges a 0.45% expense ratio, significantly lower than AMLP’s 1.01%, but AMLP delivers a trailing-12-month dividend yield of 7.3%, outpacing MLPX’s yield.
AMLP, with $12.8 billion in assets under management, holds 14 positions, primarily in energy infrastructure, while MLPX offers broader exposure. Both funds target midstream energy infrastructure but differ in index methodologies, affecting concentration and risk profiles. Beta measures indicate volatility relative to the S&P 500, calculated over up to five years of monthly returns.
The funds cater to distinct investor priorities: MLPX appeals to cost-conscious buyers, while AMLP attracts those seeking higher immediate income. Performance and risk metrics further highlight their divergent strategies.