MLPs

Master Limited Partnership funds — energy-infrastructure pipelines and midstream operators. Underlying MLPs issue K-1s; the ETF wrapper is typically a C-corp that absorbs that complexity into the fund and distributes 1099-DIV income to shareholders (shielding the holder from UBTI and K-1 filing). The trade-off is deferred-tax accrual on the wrapper that drags long-run NAV vs. the underlying index — a real performance hit that doesn't show up in the headline expense ratio.

2 funds in the catalog. Scored using methodology v0.5.2.

Top score

AMLP 40 / 100

Alerian MLP ETF

Cheapest

MLPA 0.77%

Global X MLP ETF

Largest by AUM

AMLP $12.62B

Alerian MLP ETF

All MLPs funds

Score	Ticker	Name	Expense	AUM	Yield
40	AMLP	Alerian MLP ETF	0.85%	$12.62B	7.66%
36	MLPA	Global X MLP ETF	0.77%	$2.25B	7.37%

Compare within MLPs

The closest-held pairs in this category, by holdings overlap. Each side-by-side breaks down shared positions, cost difference, and the full score breakdown.

AMLP vs MLPA 98.9% overlap

Every other pairing is on the compare hub.

Methodology v0.5.2. See /methodology/ for every threshold and weight used to score these funds.