Global X MLP ETF
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- Description
- Performance
- Comps
- Fundamentals
- Valuation
- Rating
Global X MLP ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the Solactive MLP Composite Index. |
Category | US Equities |
Fund Sponsor | Global X Management Co LLC |
Website | www.globalxfunds.com |
Inception date | Apr 18, 2012 |
Assets (mns) | $1,599 |
Currency | USD |
Expense ratio | 45 bp |
Distributions | Quarterly |
Regulation | C Corporation |
Custodian | Brown Brothers Harriman & Co |
Weighting | Market Cap |
Index replication | Full |
Uses derivatives | No |
Options available | Yes |
No. of constituents | 20 |
Wgt avg mkt cap (mns) | $24,491 |
Large cap (>$10bn) | 59.2% |
Mid cap ($2-10bn) | 24.4% |
Small cap (<$2bn) | 16.4% |
Developed mkts | 100.0% |
Emerging mkts | 0.0% |
ENTERPRISE PRODUCTS PARTNERS | 13.1 % |
ENERGY TRANSFER, L.P. | 12.6 % |
MPLX LP | 11.3 % |
PLAINS ALL AMER PIPELINE LP | 10.6 % |
WESTERN GAS EQUITY PARTNERS LP | 10.2 % |
ENLINK MIDSTREAM LLC | 8.3 % |
SUNOCO LP | 7.3 % |
HESS MIDSTREAM PARTNERS LP | 6.4 % |
NUSTAR ENERGY LP | 5.9 % |
CHENIERE ENERGY PARTNERS LP | 5.3 % | Total | 91.1 % |
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UNITED STATES | 105.5 % |
HISTORICAL PERFORMANCE
Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
7.0% | 23.0% | 6.9% | 1.1% | 2.3% |
versus... | Beta | R-squared |
S&P500 | 0.51 | 23% |
MSCI EAFE | 0.50 | 21% |
MSCI Emg. Mkts. | 0.33 | 9% |
Recent close | $47.65 |
30d moving avg. | $44.81 |
Annualized volatility | 19.0% |
Short interest (ETF) | 0.0% |
Short interest (Underlying) | 1.8% |
Relative strength (RSI) | 44 |
Avg. volume (thou.) | 121 |
Turnover | 0.4% |
Bid/Ask (% of price) | 0.21% |
ADV underlying (mns) | $582 |
FINDING ALTERNATIVE FUNDS
Below is a list of 61 potential alternatives to the Global X MLP ETF ETF based on the alternatives' overlap in portfolio holdings with MLPA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | MLPA | Expense: | 45 bp | ALTAR Score™: | 5.0% |
Ticker | Fund Name |
Overlap1 vs MLPA (%) |
Expense ratio (bp) |
Savings vs MLPA (bp) |
ALTAR Score™ (%) |
ALTAR vs MLPA (%) |
AMLP | Alerian MLP ETF | 95.8 | 85 | -40 | 4.6 | -0.4 |
AMZA | InfraCap MLP ETF | 86.7 | 164 | -119 | 3.5 | -1.5 |
ENFR | Alerian Energy Infrastructure ETF | 29.9 | 35 | 10 | 4.9 | -0.1 |
UMI | USCF Midstream Energy Income Fund ETF | 29.3 | 85 | -40 | 4.6 | -0.4 |
MLPX | Global X MLP & Energy Infrastructure ETF | 27.4 | 45 | 0 | 4.8 | -0.2 |
USAI | Pacer American Energy Independence ETF | 25.1 | 75 | -30 | 4.2 | -0.8 |
EINC | VanEck Energy Income ETF | 22.6 | 48 | -3 | 4.7 | -0.3 |
EMLP | First Trust North American Energy Infrastructure Fund | 22.2 | 95 | -50 | 5.4 | +0.4 |
TPYP | Tortoise North American Pipeline Fund | 18.7 | 40 | 5 | 5.4 | +0.4 |
NDIV | Amplify Natural Resources Dividend Income ETF | 12.0 | 59 | -14 | 9.9 | +4.9 |
DFRA | Donoghue Forlines Yield Enhanced Real Asset ETF | 10.2 | 69 | -24 | 8.4 | +3.4 |
DIV | Global X SuperDividend US ETF | 9.7 | 45 | 0 | 7.8 | +2.8 |
TOLZ | ProShares DJ Brookfield Global Infrastructure ETF | 7.8 | 46 | -1 | 5.5 | +0.6 |
ICAP | InfraCap Equity Income Fund ETF | 6.4 | 171 | -126 | 6.9 | +1.9 |
CVY | Invesco Zacks Multi-Asset Income ETF | 6.4 | 106 | -61 | 8.9 | +3.9 |
MBOX | Freedom Day Dividend ETF | 5.7 | 39 | 6 | 7.8 | +2.8 |
FCG | First Trust Natural Gas ETF | 4.3 | 60 | -15 | 9.7 | +4.7 |
VRAI | Virtus Real Asset Income ETF | 3.7 | 55 | -10 | 8.6 | +3.6 |
ECLN | First Trust EIP Carbon Impact ETF | 3.4 | 96 | -51 | 5.2 | +0.2 |
FLDZ | RiverNorth Patriot ETF | 2.8 | 75 | -30 | 5.8 | +0.8 |
VCLN | Virtus Duff & Phelps Clean Energy ETF | 2.7 | 59 | -14 | 3.4 | -1.6 |
USVT | US Value ETF | 2.6 | 49 | -4 | 11.3 | +6.3 |
PXJ | Invesco Oil & Gas Services ETF | 2.5 | 63 | -18 | 2.9 | -2.1 |
GVIP | Goldman Sachs Hedge Industry VIP ETF | 2.1 | 45 | 0 | 4.6 | -0.4 |
KVLE | KraneShares Value Line Dynamic Dividend Equity Index ETF | 1.5 | 56 | -11 | 6.3 | +1.3 |
PWV | Invesco Large Cap Value ETF | 1.5 | 55 | -10 | 7.7 | +2.7 |
RFDA | RiverFront Dynamic US Dividend Advantage ETF | 1.3 | 52 | -7 | 6.3 | +1.3 |
BFOR | ALPS Barron's 400 ETF | 1.2 | 65 | -20 | 6.6 | +1.6 |
ECML | Euclidean Fundamental Value ETF | 1.2 | 95 | -50 | 8.8 | +3.8 |
DSTL | Distillate US Fundamental Stability & Value ETF | 1.1 | 39 | 6 | 7.9 | +2.9 |
WBIY | WBI Power Factor High Dividend ETF | 1.1 | 100 | -55 | 11.1 | +6.1 |
KRUZ | Unusual Whales Subversive Republican Trading ETF | 0.8 | 75 | -30 | 5.0 | -0.0 |
IFRA | iShares U.S. Infrastructure ETF | 0.8 | 30 | 15 | 6.2 | +1.2 |
JOET | Virtus Terranova US Quality Momentum ETF | 0.8 | 29 | 16 | 5.2 | +0.2 |
RNEW | VanEck Green Infrastructure ETF | 0.7 | 45 | 0 | -0.4 | -5.4 |
SMMV | iShares MSCI USA Small-Cap Min Vol Factor ETF | 0.6 | 20 | 25 | 4.5 | -0.5 |
PFM | Invesco Dividend Achievers ETF | 0.5 | 53 | -8 | 5.7 | +0.7 |
RVRB | Reverb ETF | 0.4 | 30 | 15 | 5.0 | -0.0 |
FENY | Fidelity MSCI Energy Index ETF | 0.3 | 8 | 37 | 7.1 | +2.1 |
VDE | Vanguard Energy ETF | 0.3 | 10 | 35 | 7.1 | +2.1 |
IQRA | IQ CBRE Real Assets ETF | 0.3 | 65 | -20 | 5.8 | +0.8 |
JHSC | John Hancock Multifactor Small Cap ETF | 0.2 | 42 | 3 | 6.2 | +1.2 |
ESML | iShares ESG Aware MSCI USA Small-Cap ETF | 0.2 | 17 | 28 | 5.4 | +0.4 |
GLIF | AGF Global Infrastructure ETF | 0.1 | 45 | 0 | 5.5 | +0.5 |
AVUV | Avantis U.S. Small Cap Value ETF | 0.1 | 25 | 20 | 10.0 | +5.1 |
DFAS | Dimensional U.S. Small Cap ETF | 0.1 | 26 | 19 | 6.0 | +1.0 |
AVLV | Avantis U.S. Large Cap Value ETF | 0.1 | 15 | 30 | 7.5 | +2.5 |
BKMC | BNY Mellon US Mid Cap Core Equity ETF | 0.1 | 4 | 41 | 6.1 | +1.1 |
TXS | Texas Capital Texas Equity Index ETF | 0.1 | 49 | -4 | 5.5 | +0.5 |
ONEQ | Fidelity Nasdaq Composite Index ETF | 0.0 | 21 | 24 | 3.8 | -1.2 |
DFAC | Dimensional U.S. Core Equity 2 ETF | 0.0 | 17 | 28 | 5.7 | +0.7 |
AVUS | Avantis U.S. Equity ETF | 0.0 | 15 | 30 | 6.1 | +1.1 |
JHMM | John Hancock Multifactor Mid Cap ETF | 0.0 | 42 | 3 | 6.6 | +1.6 |
DFAU | Dimensional US Core Equity Market ETF | 0.0 | 12 | 33 | 5.4 | +0.4 |
DFUS | Dimensional U.S. Equity ETF | 0.0 | 9 | 36 | 5.1 | +0.2 |
GUSA | Goldman Sachs MarketBeta U.S. 1000 Equity ETF | 0.0 | 11 | 34 | 5.2 | +0.2 |
DFSU | Dimensional US Sustainability Core 1 ETF | 0.0 | 18 | 27 | 5.7 | +0.7 |
SPGM | SPDR Portfolio MSCI Global Stock Market ETF | 0.0 | 9 | 36 | 5.7 | +0.7 |
DFUV | Dimensional US Marketwide Value ETF | 0.0 | 22 | 23 | 7.7 | +2.7 |
AVSC | Avantis U.S Small Cap Equity ETF | 0.0 | 25 | 20 | 5.3 | +0.4 |
FUTY | Fidelity MSCI Utilities Index ETF | 0.0 | 8 | 37 | 6.2 | +1.2 |
1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.
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RESULTS & ESTIMATES
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share | ** | ** | ** | ** | ** | ** | ** |
Book value per share | ** | ** | ** | ** | ** | ** | ** |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
OTHER FUNDAMENTAL METRICS
Long term EPS growth est. | **% | Debt-to-equity | **x | |
Asset turnover | **% | Assets-to-equity | **x |
*Six months ago = 100 |
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VALUATION METRICS
2023 | 2024E | 2025E | |
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Price-to-sales | ** | ** | ** |
Price-to-earnings | ** | ** | ** |
Price-to-cash flow | ** | ** | ** |
Price-to-growth | ** | ** | ** |
Price-to-book value | ** | ** | ** |
Yield | ** | ** | ** |
Historical valuation trends
Forward multiple: |
Global X MLP ETF | |||
Relative to: |
S&P500 | MSCI EAFE | MSCI Emg. Mkts. | Other ETF: |
UNDERWEIGHT |
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals. |
ALTAR Score™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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