MLPX vs XLE: Holdings Overlap
MLPXGlobal X MLP and Energy Infrastructure ETF
Global X · 28 holdings · $3.6B · as of 2026-05-31
XLEState Street® Energy Select Sector SPDR® ETF
State Street (SPDR) · 22 holdings · $38.5B · as of 2026-08-06
Holdings snapshots are 67 days apart (MLPX: 2026-05-31, XLE: 2026-08-06). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are MLPX and XLE?
Global X MLP and Energy Infrastructure ETF (MLPX, by Global X) holds 28 positions; State Street® Energy Select Sector SPDR® ETF (XLE, by State Street (SPDR)) holds 22. They have 4 holdings in common, and by portfolio weight the two funds are 15.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 15.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 4MLPX holds 28 · XLE holds 22
- Weight in Shared Holdings
- MLPX 28%·XLE 15%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in MLPX
24 of 28 positions (72.3% of the fund) are not held by XLE.
Sector Breakdown
| Sector | MLPX | XLE |
|---|---|---|
| Energy | 99.5% | 99.8% |
| Other Sectors | 0.0% | 0.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| MLPX | -3.0% | +23.1% | +25.2% | +25.3% | +22.4% | +11.8% | 3.17% |
| XLE | +5.2% | +30.4% | +40.5% | +13.3% | +22.8% | +9.8% | 2.64% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in MLPX vs XLE →
Shared Holdings(4)
The top 4 shared positions account for 100% of the overlap, led by WMB, KMI and TRGP.
Frequently Asked Questions
How much do MLPX and XLE overlap?
MLPX and XLE overlap by 15.1% of portfolio weight. They share 4 holdings (MLPX holds 28 positions and XLE holds 22), based on each fund's latest SEC-reported holdings.
Is it redundant to own both MLPX and XLE?
The two portfolios are 15.1% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of MLPX and XLE?
The largest positions held by both funds are WMB, KMI, TRGP and OKE. Together the top 4 shared positions account for 100% of the total overlap.
What does MLPX own that XLE doesn't?
24 positions (72.3% of MLPX) are unique to MLPX, led by TRP, ENB and LNG. In the other direction, 18 positions (84.8% of XLE) are unique to XLE.