MLPXvsMDSTETF Comparison
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Global X MLP & Energy Infrastructure ETF (MLPX) belongs to the Infrastructure segment. Westwood Salient Enhanced Midstream Income ETF (MDST) is part of the Options Strategies segment. Both ETFs have the same top 3 sector exposures: and Energy. MLPX is less expensive with a Total Expense Ratio (TER) of 0.45%, versus 0.8% for MDST. MLPX is up 30.15% year-to-date (YTD) with +$365M in YTD flows. MDST performs worse with 20.54% YTD performance, and +$90M in YTD flows. Run a side-by-side ETF comparison of MLPX and MDST below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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MLPX vs MDST performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MLPX MDST | +5.13%+4.69% | +8.66%+8.63% | +30.15%+20.54% | +32.18%+24.38% | +107.16%n/a | +182.57%n/a |
| Flows | MLPX MDST | +$70M+$15M | +$110M+$46M | +$365M+$90M | +$409M+$142M | +$1.51B- | +$1.59B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MLPX MDST | +19.64%+15.33% | +15.38%+11.78% | +17.01%n/a | +19.77%n/a |
| Max drawdown | MLPX MDST | -7.51%-5.27% | -8.32%-5.89% | -16.47%n/a | -19.62%n/a |
| Max drawdown duration | MLPX MDST | 66d55d | 109d66d | 370dn/a | 427dn/a |
Trading data
MLPX | MDST | |
Last sale 7/27/2026 at 1:30 PM | $74.79 | $29.42 |
| Previous close 07/24/2026 | $77.14 | $30.06 |
| Consolidated volume 07/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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MDST
is actively managed and doesn’t replicate an indexMLPX | MDST | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
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Main metrics
Last update 7/27/2026 at 1:30 PM
Live
Closed
MLPX | MDST | |
|---|---|---|
| Last price | $74.79 | $29.42 |
| 1D performance | -3.05% | -2.13% |
| AuM | $3.72 B | $292.32 M |
| E/R | 0.45% | 0.8% |
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Exposure
Countries
MLPX
USA
74.93%
Canada
22.59%
Other
2.48%
MDST
USA
76.81%
Canada
21.08%
Other
2.11%
Sectors
MLPX
Energy
97.52%
Other
2.48%
MDST
Energy
97.89%
Other
2.11%
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Diversification
MLPX
Total weight of top 15 holdings out of 15
84.61%
MDST
Total weight of top 15 holdings out of 15
86.16%
Top 15 holdings
Data as of June 30, 2026
MLPX
TC Energy Corp.
9.14%
Enbridge, Inc.
9.04%
The Williams Cos., Inc.
8.86%
Kinder Morgan, Inc.
7.88%
ONEOK, Inc.
6.96%
Targa Resources Corp.
6.72%
Cheniere Energy, Inc.
4.64%
MPLX LP
4.64%
DT Midstream, Inc.
4.43%
Pembina Pipeline Corp.
4.41%
Energy Transfer LP
4.29%
Enterprise Products Partners LP
4.29%
Western Midstream Partners LP
3.58%
Plains All American Pipeline LP
3.53%
Antero Midstream Corp.
2.20%
MDST
Enbridge, Inc.
8.86%
Energy Transfer LP
8.75%
The Williams Cos., Inc.
8.64%
Enterprise Products Partners LP
6.72%
DT Midstream, Inc.
6.56%
Kinder Morgan, Inc.
5.65%
TC Energy Corp.
4.81%
Antero Midstream Corp.
4.75%
Targa Resources Corp.
4.72%
ONEOK, Inc.
4.66%
MPLX LP
4.55%
Cheniere Energy, Inc.
4.52%
Plains GP Holdings LP
4.47%
South Bow Corp.
4.46%
Hess Midstream LP
4.04%
Frequently asked questions about MLPX and MDST
How have the MLPX and MDST ETFs performed in 2026?
As of July 24, 2026, MLPX is up 30.15% year-to-date (YTD), while MDST has returned 20.54%. That puts MLPX better performer ahead so far this year.
Which ETF is attracting more investor money: MLPX or MDST?
Year-to-date, the MLPX ETF saw +$365M in flows, compared to +$90M for MDST.
Which ETF is more volatile: MLPX or MDST?
Over the past year, MLPX had a volatility of 15.38%, while MDST experienced 11.78%.
Which ETF is bigger: MLPX or MDST?
As of July 24, 2026, MLPX holds $3.72 B in assets under management (AUM), while MDST manages $292.32 M.
What sectors do the MLPX and MDST ETFs invest in?
MLPX leans toward sectors like Energy. Meanwhile, MDST focuses on Energy.
What are the top holdings of the MLPX ETF and MDST ETF?
MLPX top holdings include TC Energy Corp., Enbridge, Inc. and The Williams Cos., Inc.. MDST holds in its top three: Enbridge, Inc., Energy Transfer LP and The Williams Cos., Inc..
Which ETF is more diversified: MLPX or MDST?
MLPX holds 28 securities with 84.61% of its assets in the top 15. MDST has 23 securities and a top 15 weight of 86.16%.
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Latest news about MLPX & MDST
Westwood Launches BFRE ETF: A New Approach to Global Equity Investing
March 27, 2025
MDST
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