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Investors deciding between Global X-MLP & Energy Infrastructure ETF (NYSEMKT:MLPX) and iShares Global Clean Energy ETF (NASDAQ:ICLN) are weighing a high-yield North American infrastructure play against a global portfolio of renewable energy producers.
These ETFs offer exposure to different segments of the energy market. While the Global X fund focuses on master limited partnerships and infrastructure companies that transport fossil fuels and natural gas, the iShares fund targets companies at the forefront of the global transition to sustainable power sources such as wind and solar.
Beta measures price volatility relative to the S&P 500; beta is calculated from monthly returns over the available fund history (up to five years). The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield.
At 0.38%, the iShares Global Clean Energy ETF is slightly more affordable than its counterpart, though both remain below the 0.5% threshold. For income-oriented investors, however, the Global X-MLP & Energy Infrastructure ETF stands out with a significantly higher distribution yield of 4.1%, more than tripling the 1.1% yield offered by the iShares fund.