The MLP space has received a jolt of innovation in recent weeks, as two new entrants to the ETF space have emerged. Yorkville High Income MLP (NYSEArca: YMLP) debuted in March of this year and even more recently, Global X MLP (NYSEArca: MLPA) launched just last week.

Master limited partnerships, or MLPs, are companies involved with the transportation and storage of commodities including oil and natural gas. They have high dividend yields.

Unquestionably, the MLP space has attracted significant investor attention over the past few years, as JP Morgan Alerian MLP Index ETN (NYSEArca: AMJ) has garnered more than $4 billion in assets under management since it was conceived in 2009. AMJ was followed by Alerian MLP ETF (NYSEArca: AMLP), which launched in August of 2010, and has also been tremendously successful, having raised more than $3 billion in a small timeframe. [Two More MLP ETFs in the Works]

YMLP tracks the Solactive High Income Composite MLP Index and seeks to isolate exposure to those MLPs that have historically paid out the highest distributions and the fund manager notes that high income MLPs can also “act as an inflation hedge as they are sensitive to commodity prices.”