MLPA vs. GPOW ETF Comparison
Comparison of Global X MLP ETF (MLPA) to Goldman Sachs North American Pipelines & Power Equity ETF (GPOW)
MLPA
Global X MLP ETF
MLPA Description
The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive MLP Composite Index ("underlying index"). The fund invests at least 80% of its net assets in the securities of the underlying index. Moreover, at least 80% of the fund's net assets will be invested in securities that have economic characteristics of the Master Limited Partnership ("MLP") asset class. The underlying index is intended to give investors a means of tracking the overall performance of the United States master limited partnerships (MLP) asset class. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$50.89
Average Daily Volume
100,239
18
GPOW
Goldman Sachs North American Pipelines & Power Equity ETF
GPOW Description
The fund seeks to achieve its investment objective by investing at least 80% of its assets in securities included in its underlying index. The index is designed to deliver exposure to equity securities of U.S. and Canadian listed companies, including companies structured as master limited partnerships, operating in the pipelines and power universe. The fund is non-diversified.Grade (RS Rating)
Last Trade
$56.76
Average Daily Volume
1,342
33
Performance
| Period | MLPA | GPOW |
|---|---|---|
| 30 Days | 8.42% | 10.14% |
| 60 Days | 7.25% | 12.29% |
| 90 Days | 9.10% | 16.25% |
| 12 Months | 21.48% | 42.12% |
13 Overlapping Holdings
| Symbol | Grade | Weight in MLPA | Weight in GPOW | Overlap | |
|---|---|---|---|---|---|
| CQP | B | 5.53% | 1.69% | 1.69% | |
| DKL | C | 1.69% | 0.14% | 0.14% | |
| ENLC | A | 8.11% | 1.97% | 1.97% | |
| EPD | A | 12.4% | 3.04% | 3.04% | |
| ET | A | 13.35% | 4.15% | 4.15% | |
| GLP | A | 3.84% | 0.19% | 0.19% | |
| HESM | B | 7.61% | 1.09% | 1.09% | |
| MPLX | A | 11.28% | 1.71% | 1.71% | |
| NGL | D | 0.0% | 0.15% | 0.0% | |
| PAA | B | 8.9% | 1.79% | 1.79% | |
| SPH | B | 3.04% | 0.12% | 0.12% | |
| SUN | B | 7.79% | 0.73% | 0.73% | |
| WES | C | 9.45% | 1.64% | 1.64% |
MLPA Underweight 20 Positions Relative to GPOW
MLPA: Top Represented Industries & Keywords
GPOW: Top Represented Industries & Keywords
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