MLPX vs IDEF

Comparison between GLOBAL X MLP & ENERGY INFRASTRUCTURE ETF (MLPX, ETF) and iShares Defense Industrials Active ETF (IDEF, ETF).

MLPX vs IDEF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MLPX(ETF)	IDEF(ETF)
Net Assets	$3.30B	$3.30B
Expense Ratio	0.45%	0.55%
Max Drawdown	77.53%	14.63%
Sharpe Ratio	1.35	1.36
5Y Beta	0.51	1.12
P/E Ratio	18.90	59.93
Forward P/E	17.59	29.12
5Y Dividends CAGR	6.06%	N/A
5Y EPS CAGR	22.03%	N/A
Debt to Equity	N/A	89.54%
P/S Ratio	1.45	2.85
P/B Ratio	3.54	4.95

Net Assets

MLPX

$3.30B

IDEF

$3.30B

Expense Ratio

Winner

MLPX

0.45%

IDEF

0.55%

Max Drawdown

MLPX

77.53%

Winner

IDEF

14.63%

Sharpe Ratio

MLPX

1.35

Winner

IDEF

1.36

5Y Beta

Winner

MLPX

0.51

IDEF

1.12

P/E Ratio

Winner

MLPX

18.90

IDEF

59.93

Forward P/E

Winner

MLPX

17.59

IDEF

29.12

5Y Dividends CAGR

MLPX

6.06%

IDEF

N/A

5Y EPS CAGR

MLPX

22.03%

IDEF

N/A

Debt to Equity

MLPX

N/A

IDEF

89.54%

P/S Ratio

Winner

MLPX

1.45

IDEF

2.85

P/B Ratio

Winner

MLPX

3.54

IDEF

4.95

MLPX vs IDEF - Holdings Comparison

MLPX and IDEF have 1 common holdings. Overlap is -0.06%

MLPX's top 25 holdings weight is 98.96%. IDEF's top 25 holdings weight is 63.74%.

Rank	MLPX	IDEF
#1	ENBRIDGE INC (n/a) - 8.83%	RTX CORP (RTX) - 9.83%
#2	WILLIAMS COMPANIES INC (WMB) - 8.68%	LOCKHEED MARTIN CORP (LMT) - 5.94%
#3	TC ENERGY CORP (n/a) - 8.66%	NORTHROP GRUMMAN CORP (NOC) - 4.69%
#4	KINDER MORGAN INC CLASS P (KMI) - 7.67%	n/a (PLTR) - 4.63%
#5	CHENIERE ENERGY INC (LNG) - 7.44%	GENERAL DYNAMICS CORP (GD) - 4.31%
#6	ONEOK INC (OKE) - 6.74%	RHEINMETALL AG (n/a) - 2.99%
#7	TARGA RESOURCES CORP (TRGP) - 4.72%	ROLLS-ROYCE HOLDINGS PLC (n/a) - 2.73%
#8	ENTERPRISE PRODUCTS PARTNERS LP (EPD) - 4.53%	MITSUBISHI HEAVY INDUSTRIES LTD (n/a) - 2.66%
#9	ENERGY TRANSFER LP (ET) - 4.42%	BOEING CO (BA) - 2.38%
#10	DT MIDSTREAM INC ORDINARY SHARES (DTM) - 4.35%	BWX TECHNOLOGIES INC (BWXT) - 2.21%
#11	MPLX LP PARTNERSHIP UNITS (MPLX) - 4.30%	BAE SYSTEMS PLC (n/a) - 2.19%
#12	PEMBINA PIPELINE CORP (n/a) - 4.29%	ROCKET LAB CORP (RKLB) - 2.09%
#13	PLAINS ALL AMERICAN PIPELINE LP (PAA) - 3.82%	HANWHA AEROSPACE CO LTD (n/a) - 1.67%
#14	WESTERN MIDSTREAM PARTNERS LP (WES) - 3.72%	KRATOS DEFENSE & SECURITY SOLUTIONS INC (KTOS) - 1.63%
#15	ANTERO MIDSTREAM CORP (AM) - 2.39%	DRONESHIELD LTD (n/a) - 1.59%
#16	SOUTH BOW CORP (SOBO) - 2.30%	CAMECO CORP (n/a) - 1.54%
#17	ARCHROCK INC (AROC) - 2.10%	ELBIT SYSTEMS LTD (n/a) - 1.37%
#18	VENTURE GLOBAL INC ORDINARY SHARES CLASS A (VG) - 2.01%	HANWHA SYSTEMS CO LTD ORDINARY SHARES (n/a) - 1.32%
#19	KODIAK GAS SERVICES INC (KGS) - 1.79%	SINGAPORE TECHNOLOGIES ENGINEERING LTD (n/a) - 1.23%
#20	HESS MIDSTREAM LP CLASS A (HESM) - 1.63%	HUNTINGTON INGALLS INDUSTRIES INC (HII) - 1.20%
#21	PLAINS GP HOLDINGS LP CLASS A (PAGP) - 1.52%	HYUNDAI ROTEM CO (n/a) - 1.19%
#22	CHENIERE ENERGY PARTNERS LP (CQP) - 0.96%	HOWMET AEROSPACE INC (HWM) - 1.17%
#23	USA COMPRESSION PARTNERS LP (USAC) - 0.74%	IHI CORP (n/a) - 1.08%
#24	GENESIS ENERGY LP (GEL) - 0.70%	PLANET LABS PBC CLASS A (PL) - 1.05%
#25	KINETIK HOLDINGS INC (KNTK) - 0.65%	KONGSBERG GRUPPEN ASA (n/a) - 1.05%
Total Holdings	29	128

MLPX vs IDEF - Historical Returns

Returns include dividend reinvestment.

Period	MLPX	IDEF
1 month	-1.05%	-4.78%
3 months	+8.16%	-5.67%
6 months	+24.89%	+7.90%
1 year	+25.79%	+32.76%
5 years(CAGR)	+22.00%	N/A
10 years(CAGR)	+13.20%	N/A
Max(CAGR)	+9.21%	+34.18%

Winner

MLPX

-1.05%

IDEF

-4.78%

Winner

MLPX

+8.16%

IDEF

-5.67%

Winner

MLPX

+24.89%

IDEF

+7.90%

MLPX

+25.79%

Winner

IDEF

+32.76%

5Y(CAGR)

MLPX

+22.00%

IDEF

N/A

10Y(CAGR)

MLPX

+13.20%

IDEF

N/A

Max(CAGR)

MLPX

+9.21%

Winner

IDEF

+34.18%

MLPX vs IDEF - Annual Returns (2013 - 2026)

Returns include dividend reinvestment.

Year	MLPX	IDEF
2026	+19.81%	+5.04%
2025	+3.04%	+23.05%
2024	+42.39%	N/A
2023	+18.35%	N/A
2022	+19.17%	N/A
2021	+40.65%	N/A
2020	-20.33%	N/A
2019	+16.66%	N/A
2018	-17.62%	N/A
2017	-5.44%	N/A
2016	+34.69%	N/A
2015	-36.15%	N/A
2014	+17.80%	N/A
2013	+10.09%	N/A

MLPX vs IDEF Drawdown Comparison

The maximum drawdown for MLPX was -70.63%, occurring on Mar 18, 2020. Recovery took 1885 trading sessions.

The maximum drawdown for IDEF was -14.63%, occurring on Mar 30, 2026. This drawdown has not yet recovered.

The current MLPX drawdown is -4.47%. The current IDEF drawdown is -9.67%.

Rank	MLPX	IDEF
#1	-70.63% Sep 5, 2014 - Mar 2, 2022	-14.63% Mar 2, 2026 - Mar 30, 2026
#2	-19.72% Jun 7, 2022 - Aug 9, 2023	-12.27% Oct 8, 2025 - Jan 5, 2026
#3	-16.77% Jan 21, 2025 - Jan 27, 2026	-7.38% Jan 16, 2026 - Mar 2, 2026
#4	-9.48% Nov 29, 2024 - Jan 14, 2025	-4.33% Aug 6, 2025 - Sep 10, 2025
#5	-8.59% Apr 20, 2022 - Jun 1, 2022	-1.59% Jun 30, 2025 - Jul 9, 2025
#6	-6.90% Mar 26, 2026 - Apr 30, 2026	-1.52% Jul 23, 2025 - Aug 4, 2025
#7	-6.39% Jul 22, 2024 - Aug 19, 2024	-1.25% Jun 9, 2025 - Jun 13, 2025
#8	-6.17% Jul 24, 2014 - Aug 15, 2014	-1.21% Jul 18, 2025 - Jul 23, 2025
#9	-5.94% Sep 14, 2023 - Oct 13, 2023	-0.71% Sep 16, 2025 - Sep 19, 2025
#10	-5.51% Mar 4, 2022 - Mar 23, 2022	-0.70% Jul 14, 2025 - Jul 17, 2025
#11	-5.08% Apr 3, 2024 - Apr 29, 2024	-0.68% Sep 23, 2025 - Sep 26, 2025
#12	-4.88% Dec 1, 2023 - Feb 16, 2024	-0.63% Jun 16, 2025 - Jun 23, 2025
#13	-4.47% Apr 30, 2026 - May 8, 2026	-0.56% Jul 9, 2025 - Jul 14, 2025
#14	-4.11% Oct 16, 2023 - Nov 2, 2023	-0.47% Oct 6, 2025 - Oct 8, 2025
#15	-3.55% May 20, 2024 - Jun 24, 2024	-0.41% May 27, 2025 - May 30, 2025

Correlation

Correlation between MLPX and IDEF is 0.68 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.68

-101

Dividend Comparison (2013 - 2026)

MLPX vs IDEF dividend yield comparison.

Year	MLPX	IDEF
2026	1.02%	0.00%
2025	4.88%	0.17%
2024	4.30%	0.00%
2023	5.22%	0.00%
2022	5.23%	0.00%
2021	5.98%	0.00%
2020	8.32%	0.00%
2019	5.78%	0.00%
2018	5.77%	0.00%
2017	4.36%	0.00%
2016	5.51%	0.00%
2015	4.81%	0.00%
2014	2.15%	0.00%
2013	0.68%	0.00%