MainGate MLP Fund (IMLPX) belongs to the Energy Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with IMLPX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to IMLPX
IMLPX charges 1.44% annually. There are 76 mutual funds in the Energy Equities category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Energy Index Fund Admiral Shares | 0.10% | 11.00B | Oct 2004 | IMLPX vs VENAX | |
| Vanguard Energy Fund Admiral Shares | 0.33% | 6.90B | Nov 2001 | IMLPX vs VGELX | |
| Vanguard Energy Opportunities Fund Investor Shares | 0.45% | 6.90B | May 1984 | IMLPX vs VGENX | |
| Frontier MFG Core Infrastructure Fund | 0.50% | — | Jan 2012 | IMLPX vs FMGIX | |
| T. Rowe Price New Era Fund | 0.56% | — | Jan 1969 | IMLPX vs PRNEX |
Best Risk-Adjusted Alternatives to IMLPX
IMLPX has a PortfoliosLab risk / return rank of 73. There are 45 mutual funds in the Energy Equities category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Global Energy Transition Fund | 96 | — | Nov 1995 | IMLPX vs RSNRX | |
| Victory Global Energy Transition Fund Class Y | 96 | — | May 2007 | IMLPX vs RSNYX | |
| Recurrent MLP & Infrastructure Fund | 92 | — | Nov 2017 | IMLPX vs RMLPX | |
| Vanguard Energy Fund Admiral Shares | 91 | 6.90B | Nov 2001 | IMLPX vs VGELX | |
| Franklin Natural Resources Fund | 91 | — | Jun 1995 | IMLPX vs FRNRX |
Top Performing IMLPX Alternatives (YTD)
IMLPX is at 23.80% YTD. There are 33 mutual funds in the Energy Equities category with higher YTD returns, going as high as 46.27%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Oil Equipment & Services UltraSector ProFund | 46.27% | — | Jun 2006 | IMLPX vs OEPIX | |
| Recurrent MLP & Infrastructure Fund | 39.36% | — | Nov 2017 | IMLPX vs RMLPX | |
| Fidelity Select Energy Portfolio | 38.84% | — | Jul 1981 | IMLPX vs FSENX | |
| Guinness Atkinson Global Energy Fund | 36.50% | — | Jun 2004 | IMLPX vs GAGEX | |
| Vanguard Energy Index Fund Admiral Shares | 33.62% | 11.00B | Oct 2004 | IMLPX vs VENAX |
Lowest Volatility Alternatives to IMLPX
IMLPX has 13.87% 1-year volatility. There are 26 mutual funds in the Energy Equities category with lower 1-year volatility, going as low as 7.12%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Pax Global Sustainable Infrastructure Fund | 7.12% | — | Dec 2016 | IMLPX vs PAXDX | |
| Saratoga Energy & Basic Materials Fund | 9.77% | — | Oct 1997 | IMLPX vs SBMBX | |
| JHancock Infrastructure Fund | 9.99% | — | Dec 2013 | IMLPX vs JEEIX | |
| Centre Global Infrastructure Fund | 10.11% | — | Jan 2018 | IMLPX vs DHIVX | |
| Cohen & Steers Global Infrastructure Fund, Inc. | 10.13% | — | May 2004 | IMLPX vs CSUIX |
Lowest Drawdown Alternatives to IMLPX
IMLPX has a 1-year max drawdown of -6.47%. There are 11 mutual funds in the Energy Equities category with shallower 1-year drawdowns, going as shallow as -4.49%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Pax Global Sustainable Infrastructure Fund | -4.49% | — | Dec 2016 | IMLPX vs PAXDX | |
| EIP Growth and Income Fund | -4.51% | — | Aug 2006 | IMLPX vs EIPIX | |
| Goldman Sachs Global Infrastructure Fund | -5.59% | — | Jun 2016 | IMLPX vs GGINX | |
| Saratoga Energy & Basic Materials Fund | -5.66% | — | Oct 1997 | IMLPX vs SBMBX | |
| Invesco SteelPath MLP Alpha Fund | -5.93% | — | Mar 2010 | IMLPX vs MLPOX |
Often Compared With IMLPX
Investors most often compare IMLPX with IEYYX, GOFIX, RGIYX. These 11 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare IMLPX with Any Fund or Stock
Compare IMLPX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair IMLPX with funds that move differently
MainGate MLP Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to IMLPX.
Explore IMLPX Diversifiers