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Compare Global X Mid-Term U.S. Treasury Premium Yield ETF (MPAY) vs Global X Long-Term U.S. Treasury Premium Yield ETF (LPAY) to find the best fit for your portfolio. MPAY and LPAY provide the same top sector exposures: Sovereign and Non-Corporate. When evaluating costs, MPAY features a management fee (MER) of 0.4%, compared to 0.45% for LPAY. Performance-wise, MPAY has returned 0.54% year-to-date with +$0 M in net flows, whereas LPAY is at 0.74% with -$8 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
MPAY
LPAY
| AuM | $68.55 M | $10.96 M |
| Management Fees | 0.40% | 0.45% |
| Exp. ratio | 0.56% | 0.65% |
| Tracking Difference | - | - |
Historical performance and flows
As of August 31, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MPAY | +0.59% | -0.58% | +0.54% | +2.62% | - |
LPAY | +0.84% | -2.03% | -0.74% | +1.98% | - | |
| Flows | MPAY | -$3 M | -$8 M | +$0 M | -$5 M | - |
LPAY | +$0 M | +$0 M | -$8 M | -$7 M | - |
MPAY vs LPAY exposure
Countries
MPAY
Other
56.57%
USA
43.44%
LPAY
Other
78.52%
USA
21.48%
Sectors
MPAY
Other
56.57%
Sovereign
43.44%
LPAY
Other
78.52%
Sovereign
21.48%
As of August 31, 2026
Top 10 Holdings
MPAY
CA37966J3001
28.87%
CA37893H1047
25.97%
USA, Bills 0% 19nov2026, USD (182D)
8.86%
USA, Bills 0% 11aug2026, USD (119D)
6.02%
USA, Bills 0% 8oct2026, USD (182D)
4.11%
USA, Bills 0% 15oct2026, USD (182D)
4.08%
USA, Bills 0% 20aug2026, USD (182D)
3.59%
USA, Bills 0% 24sep2026, USD (182D)
1.91%
USA, Bills 0% 3sep2026, USD (364D)
1.45%
USA, Bonds 4.125% 15aug2053, USD
0.62%
LPAY
CA37966J3001
64.28%
CA37893H1047
13.55%
USA, Bonds 4.125% 15aug2053, USD
1.00%
USA, Bonds 4.75% 15nov2053, USD
0.98%
USA, Bonds 4.75% 15may2055, USD
0.97%
USA, Bonds 4.625% 15may2054, USD
0.95%
USA, Bonds 4.25% 15feb2054, USD
0.89%
USA, Bonds 4.75% 15feb2056, USD
0.87%
USA, Bonds 4.25% 15aug2054, USD
0.87%
USA, Bonds 3.625% 15may2053, USD
0.84%
Diversification
MPAY
Total weight of top 10 holdings out of 57 total
85.47%
LPAY
Total weight of top 10 holdings out of 57 total
85.19%
Characteristics
Frequently asked questions about MPAY and LPAY
Which ETF has performed better year to date: MPAY or LPAY?
As of August 31, 2026, MPAY has returned 0.54% year to date, while LPAY has returned -0.74%. MPAY is ahead on YTD performance.
Which ETF is larger by assets under management: MPAY or LPAY?
As of August 31, 2026, MPAY manages $68.55 M in assets, while LPAY manages $10.96 M. MPAY is the larger fund by AUM.
How are MPAY and LPAY managed?
MPAY is actively managed by Global X. It does not track an index. LPAY is actively managed by Global X. It does not track an index.
What sectors do MPAY and LPAY emphasize?
MPAY is most exposed to Sovereign and Non-Corporate. LPAY is most exposed to Sovereign and Non-Corporate.
Which ETF is attracting more investor flows: MPAY or LPAY?
Year to date, MPAY has seen +$0.30 M in net flows, compared with -$7.82 M for LPAY. MPAY has attracted more net investor money so far.
How do the fees of MPAY and LPAY compare?
MPAY has an expense ratio of 0.56%, while LPAY has an expense ratio of 0.65%.
What are the top holdings of MPAY and LPAY?
MPAY's largest holdings include USA, Bills 0% 19nov2026, USD (182D) and USA, Bills 0% 11aug2026, USD (119D). LPAY's top holdings include USA, Bonds 4.125% 15aug2053, USD and USA, Bonds 4.75% 15nov2053, USD.
Which ETF is more diversified: MPAY or LPAY?
MPAY holds 56 securities, while LPAY holds 56. On holdings count, MPAY is the more diversified portfolio.
Recent articles about MPAY and LPAY
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