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MLPD vs XLII

Global X MLP & Energy Infrastructure Covered Call ETF

MLPDCNYSE Arca

State Street Industrial Select Sector SPDR Premium Income ETF

XLIIANYSE Arca

Overlap

Expense ratio

XLII −0.25pt a year

MLPD0.60%XLII0.35%

Avg volume · 30D

XLII 1.3×the volume

MLPD12.5KXLII15.9K

MLPD vs XLII Performance

Oct 31, 2025 – Oct 30, 2026

+16.3%MLPD+9.0%XLII

Oct 31, 2025 to Oct 30, 2026. MLPD +16.3%. XLII +9.0%. Use the arrow keys to read each point.0%5%20%Oct 2025Apr 2026Oct 2026
Expense ratio
MLPD 0.60%
XLII 0.35%, better
Fund size
MLPD $26M
XLII $17M
1Y total return
MLPD +16.3%, better
XLII +9.0%
Yield (12M)
MLPD 13.82%, better
XLII 13.46%
Holdings
MLPD 2
XLII 3
Avg volume (30D)
MLPD 12.5K sh
XLII 15.9K sh, better
NAV per share
MLPD $24.95
XLII $24.32
52W range

ETF.net Grade

MLPD: Cost 45, Risk 93, Mission 50, Tradability 32, Holdings 57, Durability 64. XLII: Cost 76, Risk 49, Mission 100, Tradability 60, Holdings 51, Durability 51.
Pillar letters and Scores for MLPD, XLII, with each pillar’s weight
PillarMLPDXLII
Cost30% weightC45A76Higher
Mission25% weightC50A100Higher
Risk15% weightA93HigherC49
Tradability15% weightD32B60Higher
Holdings10% weightB57HigherC51
Durability5% weightB64HigherC51

Rank among Sector Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. MLPD and XLII are both graded against the same 22 Sector Option Income funds, so their Grades compare head to head.

Sector Option Income⁠

Category · 22 funds
See all 22 ›

XLII ranks 2nd and MLPD 12th of 22 funds in the Sector Option Income Category.

  1. Rank 1AXLSIState Street Consumer Staples Select Sector SPDR Premium Income ETFScore 74
  2. Rank 2AXLIIState Street Industrial Select Sector SPDR Premium Income ETFScore 71
  3. Rank 2AXLVIState Street Health Care Select Sector SPDR Premium Income ETFScore 71
  4. Rank 11BIYRINEOS Real Estate High Income ETFScore 58
  5. Rank 12CMLPDGlobal X MLP & Energy Infrastructure Covered Call ETFScore 53
  6. Rank 13CHAKYAmplify HACK Cybersecurity Covered Call ETFScore 43

Our read on each fund

ETF.net Research

MLPDCGlobal X MLP & Energy Infrastructure Covered Call ETF

XLIIAState Street Industrial Select Sector SPDR Premium Income ETF

In short

MLPD Pipelines already pay. MLPD holds Global X's midstream energy basket and sells at-the-money calls against it, trading most of the upside for option premium, distributed monthly.

XLII Covered calls swarm tech; far rarer on machinery, railroads and defense primes. XLII owns the 1998-vintage industrials SPDR and sells short-dated calls on that fund itself, paying out monthly.

Stated mandate

MLPD The fund seeks to track the Cboe MLPX ATM BuyWrite Index before fees and expenses and implements the strategy by holding MLPX while selling corresponding call options on it.

XLII The fund is actively managed to pursue current income while retaining the potential for long-term capital growth. It invests in XLI and sells call options on XLI to generate additional income.

Why people hold it

  • MLPD Most option-overlay funds in this group write calls on broad sector SPDRs. MLPD points the same machinery at midstream energy infrastructure, a corner few covered call funds touch.
  • An index sets the trade: hold the midstream basket, sell matching at-the-money calls, repeat. Rules do the strike-picking, not a manager's timing.
  • Distributions arrive monthly, and the fund sits in the upper half of its sector-overlay peer group.
  • XLII Single-ticker build: it holds the industrials SPDR (XLI, running since 1998) and writes listed calls on that fund, so one trade buys the sector basket and the overlay.ssga.comssga.com 2
  • Actively managed overlay, not a rigid formula: managers choose strikes and expiries rather than selling the same call every month. Distributions come monthly.ssga.com
  • Priced at 0.35%, the going rate for sector covered-call funds, and among the stronger implementations in its peer group.
  • Same 0.35% runs across the sibling sleeves (XLVI health care, XLUI utilities), so sector mixes cost the same per leg.etf.com

Worth knowing

  • MLPD 0.60% a year against a 0.35% median for sector-overlay peers like XLEI and XLUI. The niche costs extra.
  • At-the-money calls sell off nearly all of any rally in the underlying basket. The income is funded by handing over price appreciation.
  • A small, thinly traded fund launched in 2024, so bid-ask spreads run wider than the big sector overlays and the history is short.
  • XLII Calls cap the upside: premium income is paid for by handing over part of any big industrials rally.ssga.com
  • Fund-of-funds fee stacking. The plain industrials SPDR (XLI) it owns costs a small fraction of 0.35% on its own.ssga.com
  • Launched in 2025, still small and thinly traded, so spreads can run wider than the underlying's.

Full MLPD profile⁠

Full XLII profile⁠

MLPD vs XLII Holdings

As of
How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

MLPD vs XLII Cost

Overpaying MLPD vs XLII

$4,691

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MLPD 0.60%

    $11,817

  • XLII 0.35%

    $7,126

$10,000
30 years

Cost over time

  • MLPD 0.60%
  • XLII 0.35%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530MLPD $11,817XLII $7,126

Year by year

YearMLPDXLIIOverpaying
10$1,076$634$442
20$4,116$2,454$1,662
30$11,817$7,126$4,691

Expense ratio

  • 0.60%MLPD
  • 0.35%XLII, cheaper
  • Middle half of Sector Option Income funds
  • Median 0.47%

XLII cheapest of 22 funds

MLPD 12th cheapest of 22 funds

MLPD vs XLII Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
MLPD 13.82%, better
XLII 13.46%
Payout (12M)
MLPD $3.45
XLII $3.23
Last payment
MLPD $0.25
XLII $0.30
Ex-dividend
MLPD Oct 19, 2026
XLII Oct 1, 2026
Paid on
MLPD Oct 22, 2026
XLII Oct 5, 2026
Frequency
MLPD Monthly
XLII Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

MLPDMonthly · 31 paymentsAll MLPD payments⁠
One bar per payment. 31 payments from 2024 to 2026 YTD. May 20, 2024 $0.18; Jun 24, 2024 $0.15; Jul 22, 2024 $0.17; Aug 19, 2024 $0.25; Sep 23, 2024 $0.23; Oct 21, 2024 $0.20; Nov 18, 2024 $0.26; Dec 30, 2024 $0.26; Jan 21, 2025 $0.23; Feb 24, 2025 $0.25; Mar 24, 2025 $0.25; Apr 21, 2025 $0.24; May 19, 2025 $0.25; Jun 23, 2025 $0.25; Jul 21, 2025 $0.22; Aug 18, 2025 $0.23; Sep 22, 2025 $0.26; Oct 20, 2025 $0.22; Nov 24, 2025 $0.22; Dec 22, 2025 $0.16; Dec 30, 2025 $0.58; Jan 20, 2026 $0.25; Feb 23, 2026 $0.26; Mar 23, 2026 $0.26; Apr 20, 2026 $0.20; May 18, 2026 $0.26; Jun 22, 2026 $0.25; Jul 20, 2026 $0.25; Aug 24, 2026 $0.25; Sep 21, 2026 $0.25; Oct 19, 2026 $0.25. Use the arrow keys to read each point.$0$0.502026YTD
XLIIMonthly · 14 paymentsAll XLII payments⁠
One bar per payment. 14 payments from 2024 to 2026 YTD. Sep 2, 2025 $0.38; Oct 1, 2025 $0.22; Nov 3, 2025 $0.27; Dec 1, 2025 $0.22; Dec 29, 2025 $0.26; Feb 2, 2026 $0.21; Mar 2, 2026 $0.32; Apr 1, 2026 $0.35; May 1, 2026 $0.27; Jun 1, 2026 $0.31; Jul 1, 2026 $0.31; Aug 3, 2026 $0.30; Sep 1, 2026 $0.11; Oct 1, 2026 $0.30. Use the arrow keys to read each point.$0$0.502026YTD

MLPD vs XLII Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MLPD 7.9%since Jun 2024XLII 11.9%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
MLPD 1.07since Jun 2024XLII 0.60since Aug 2025
Worst fallMax drawdown, 5 years
MLPD −12.9%since May 2024XLII −10.1%since Jul 2025
Market sensitivityBeta, 5 years
MLPD 0.04XLII 0.53

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