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Global X MLP & Energy Infrastructure (MLPX)Overvalued or undervalued?
Look-through valuation · Sector · Expense ratio 0.45 % · ISIN US37954Y2937
Price history (since 2013)
Monthly close since 2013. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| Williams Companies Inc WMB | 8.6 % | −84.4 % | 51 |
| TC Energy Corp TRP | 8.2 % | n/a | n/a |
| Enbridge Inc ENB | 8.0 % | n/a | n/a |
| Kinder Morgan Inc KMI | 7.7 % | −65.8 % | 58 |
| ONEOK Inc OKE | 7.3 % | −38.9 % | 32 |
| Targa Resources Inc TRGP | 7.1 % | −72.9 % | 58 |
| Cheniere Energy Inc LNG | 5.4 % | −32.4 % | 59 |
| MPLX LP MPLX | 4.8 % | −38.3 % | 63 |
| Energy Transfer LP ET | 4.7 % | −46.8 % | 38 |
| Pembina Pipeline Corp PPL | 4.5 % | n/a | n/a |
| Enterprise Products Partners LP EPD | 4.4 % | −46.8 % | 56 |
| Plains All American Pipeline LP PAA | 4.0 % | −19.8 % | 58 |
| Western Midstream Partners LP WES | 3.9 % | −57.8 % | 51 |
| DT Midstream Inc DTM | 3.8 % | −65.1 % | 58 |
| South Bow Corporation SOBO | 2.3 % | −49.2 % | 48 |
| Antero Midstream Partners LP AM | 2.1 % | −69.6 % | 66 |
| Venture Global, Inc. VG | 2.1 % | −5.0 % | 36 |
| Plains GP Holdings LP PAGP | 1.6 % | −35.1 % | 51 |
| Archrock Inc AROC | 1.5 % | −53.7 % | 41 |
| Hess Midstream Partners LP HESM | 1.5 % | −41.1 % | 44 |
| KODIAK GAS SERVICES INC US50012A1088 | 1.5 % | n/a | n/a |
| Cheniere Energy Partners LP CQP | 0.9 % | −46.0 % | 72 |
| Kinetik Holdings Inc KNTK | 0.9 % | −37.3 % | 31 |
| NGL Energy Partners LP NGL | 0.7 % | −78.8 % | 40 |
| USA Compression Partners LP USAC | 0.7 % | −64.7 % | 47 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 29 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 CHIU Global X MSCI China Utilities ETF +65.2 % below FV
- 2 CHIQ Global X MSCI China Consumer Disc ETF +56.4 % below FV
- 3 FXI iShares China Large-Cap ETF +52.9 % below FV
- 4 KWEB KraneShares CSI China Internet ETF +44.4 % below FV
- 5 FLCH Franklin FTSE China ETF +38.3 % below FV
- 6 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +29.9 % below FV
- 7 MCHI iShares MSCI China ETF +28.1 % below FV
- 8 ITB iShares U.S. Home Construction ETF +18.6 % below FV
- 9 TAN Invesco Solar ETF +17.9 % below FV
- 10 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +8.4 % below FV
Frequently asked about MLPX
Is MLPX overvalued?
What is the fair value of MLPX?
How do you calculate the fair value of an ETF?
Which stocks drive the valuation of MLPX?
What is the expense ratio of MLPX?
How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Global X MLP & Energy Infrastructure ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Sep 4, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.