MLPD vs SPY
Global X MLP & Energy Infrastructure Covered Call ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | MLPD | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.09% | |
| AUM | $29M | $789.1B | |
| Dividend Yield | 13.51% | 1.01% | |
| Holdings | 4 | 505 | |
| YTD Return | +4.86% | +13.75% | |
| 1Y Return | +11.88% | +22.91% | |
| 3Y Return (annualized) | - | +21.67% | |
| 5Y Return (annualized) | - | +13.32% | |
| Volatility (annualized) | 6.8% | 15.3% | |
| Max Drawdown | -13.8% | -56.5% | |
| Fund Family | Global X by mirae Asset | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 7, 2024 | Jan 22, 1993 |
MLPD vs SPY Performance
Global X MLP & Energy Infrastructure Covered Call ETF (MLPD) is a ETF from Global X by mirae Asset and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year MLPD returned +11.88% while SPY returned +22.91%. Year to date, MLPD is up 4.86% versus a gain of 13.75% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 6.8% for MLPD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -13.8% for MLPD and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.05. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MLPD charges 0.60% per year while SPY charges 0.09%. On a $10,000 position that is $60 vs $9 annually, a gap of $51 per year that compounds over a long holding period. On income, MLPD currently yields 13.51% against 1.01% for SPY.
Holdings Overlap
MLPD and SPY share 1 holdings out of 503 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in MLPD | Weight in SPY | Difference |
|---|---|---|---|
| OMC | 103.91% | 0.04% | 103.87% |
Frequently Asked Questions
Which is cheaper, MLPD or SPY?
MLPD has an expense ratio of 0.60% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, MLPD or SPY?
Over the past year MLPD returned +11.88% vs +22.91% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), MLPD annualized +11.52% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, MLPD or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 6.8% for MLPD. Worst drawdown: MLPD -13.8% vs SPY -56.5%.
Should I hold both MLPD and SPY?
MLPD and SPY have a monthly-return correlation of 0.05, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MLPD and SPY?
MLPD and SPY share 1 common holdings with a 0.0% weight overlap. Combined, they hold 503 unique securities.
Which pays a higher dividend, MLPD or SPY?
MLPD yields 13.51% while SPY yields 1.01%, so MLPD currently pays the higher dividend yield.
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