TipRanks
Go Ultimate55% OFF

Top Page

MLPA

Global X MLP ETF (MLPA)

Rating:72Outperform
Price Target:$61.00â–²(9.16% Upside)

MLPA is an ETF focused on master limited partnerships, and its rating reflects a generally solid, income-oriented portfolio with notable strengths in core holdings like MPLX, Plains All American, and Western Midstream, which offer strong financial performance, attractive valuations, and high dividend yields. The fund is somewhat held back by weaker names such as Genesis Energy and Cheniere Energy Partners, where higher leverage, financial challenges, and bearish or mixed technical trends add risk. The main risk factor is the fund’s concentration in the energy MLP sector, which can make performance more sensitive to energy market cycles and sector-specific issues.

Positive Factors
Strong Year-to-Date PerformanceThe ETF has delivered strong gains so far this year, helped by solid returns from many of its underlying holdings.
Leading MLP HoldingsSeveral of the largest positions, such as Energy Transfer, Plains All American, and Sunoco, have shown strong performance, supporting the fund’s overall results.
Healthy Asset SizeThe fund manages a large pool of assets, which can help with trading liquidity and indicates ongoing investor interest.
Negative Factors
High Sector ConcentrationThe ETF is heavily focused on the energy sector, which increases risk if that industry faces a downturn.
Limited Geographic DiversificationAlmost all of the fund’s investments are in U.S. companies, offering little protection if the domestic market or regulatory environment turns unfavorable.
Relatively High Expense RatioThe fund’s fees are on the higher side for an ETF, which can slightly reduce the net returns investors receive over time.

MLPA vs. SPDR S&P 500 ETF (SPY)

AUM
2.44B
Region
North America
Expense Ratio
0.77%
Beta
0.15
Issuer
Global X
Inception Date
Apr 18, 2012
Dividend Yield
7.19%
Asset Class
Equity
Index Tracked
Solactive MLP Infrastructure Index

MLPA Summary

MLPA is the Global X MLP ETF, which follows the Solactive MLP Infrastructure Index and focuses on energy infrastructure companies structured as Master Limited Partnerships. These businesses move, store, and process oil and gas, and the fund aims to provide steady income from their cash flows. Well-known holdings include Energy Transfer and Enterprise Products Partners. Someone might invest in MLPA for income and diversification within the energy sector. A key risk is that it is heavily tied to the energy market, so its value can go up or down sharply with changes in energy prices and industry conditions.

How much will it cost me?

MLPA has an expense ratio of 0.77%, which means you’ll pay about $7.70 per year for every $1,000 invested. This cost is higher than the average ETF because MLPA focuses on a specialized group of energy MLPs and is more complex to manage than a broad, low-cost index fund.

What would affect this ETF?

MLPA could benefit if U.S. energy demand stays strong, oil and gas prices remain supportive, and midstream MLPs like Energy Transfer and Enterprise Products Partners continue to generate steady cash flows from transporting and storing energy. On the negative side, weaker economic growth, stricter environmental regulations, or a faster shift toward renewable energy could hurt traditional energy infrastructure, while changes to tax rules for MLPs or higher interest rates could make this income-focused ETF less attractive.

MLPA Top 10 Holdings

MLPA is essentially an energy infrastructure play, with a heavy tilt toward U.S. midstream MLPs. Energy Transfer, Enterprise Products Partners, and MPLX form the core engine of the fund, all rising steadily and helping drive performance as they benefit from stable pipeline and storage demand. Plains All American has been a standout, giving the ETF an extra push. On the flip side, Hess Midstream has been lagging, and Genesis Energy looks a bit wobbly, slightly dragging on returns. Overall, this is a concentrated North American energy story, powered by fee-based cash flows and high-yield names.

MLPA top ten holdings
NameCompany NameWeight %Market ValueMarket CapYearly GainOverall Rating
ETETEnergy Transfer14.10%$374.56M$72.00B24.69%70Outperform
EPDEPDEnterprise Products Partners12.76%$338.78M$82.38B20.80%73Outperform
MPLXMPLXMPLX11.76%$312.22M$60.99B18.96%81Outperform
PAAPAAPlains All American11.59%$307.81M$18.70B55.85%79Outperform
WESWESWestern Midstream Partners9.28%$246.47M$19.17B20.56%80Outperform
SUNSUNSunoco8.06%$213.95M$14.51B33.21%72Outperform
CQPCQPCheniere Energy Partners6.91%$183.48M$32.24B23.83%61Neutral
HESMHESMHess Midstream Partners6.86%$182.19M$6.74B-4.19%77Outperform
USACUSACUSA Compression5.11%$135.81M$3.69B15.13%70Outperform
GELGELGenesis Energy4.10%$108.87M$1.79B-8.31%49Neutral

MLPA Technical Analysis

Technical Analysis SentimentPositive
Last Price55.88

Price Trends

50DMA55.38Positive
100DMA54.69Positive
200DMA53.16Positive

Market Momentum

MACD0.05Negative
RSI63.39Neutral
STOCH97.68Negative

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For MLPA, the sentiment is Positive. The current price of 55.88 is above the 20-day moving average (MA) of 54.32, above the 50-day MA of 55.38, and above the 200-day MA of 53.16, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 63.39 is Neutral, neither overbought nor oversold. The STOCH value of 97.68 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MLPA.

MLPA Peer Comparison

Comparison Results

MLPA against its peer funds
NamePricePrice TargetAUMExpense RatioOverall Rating
MLPAMLPA$55.88$61.00(9.16% Upside)$2.44B0.77%72Outperform
XOPXOP$203.76$227.34(11.57% Upside)$4.53B0.35%68Neutral
MLPXMLPX$76.53$84.56(10.49% Upside)$3.79B0.45%71Outperform
FENYFENY$38.48$40.43(5.07% Upside)$2.33B0.08%72Outperform
IYEIYE$73.81$77.25(4.67% Upside)$1.82B0.37%73Outperform
FTXNFTXN$43.47$46.60(7.18% Upside)$1.21B0.60%72Outperform

Performance Comparison

0%20%40%60%MLPAXOPMLPXFENYIYEFTXNDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
MLPA and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
MLPAGlobal X MLP ETF55.8811.3525.49%
XOPSPDR S&P Oil & Gas Exploration & Production ETF203.7678.6562.86%
MLPXGlobal X MLP & Energy Infrastructure ETF76.5320.6236.87%
FENYFidelity MSCI Energy Index ETF38.4814.6261.27%
IYEiShares U.S. Energy ETF73.8128.0261.18%
FTXNFirst Trust Nasdaq Oil & Gas ETF43.4716.5661.51%
Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer

This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.