PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

MainGate MLP Fund (IMLPX) Sharpe Ratio: 1.74

Mutual Fund · Currency in USD · Last updated Jul 11, 2026

The fund seeks to generate total return, comprised of capital appreciation and income, by investing in master limited partnership interests. It seeks to achieve its investment objective by investing at least 80% of its net assets (plus borrowings for investment purposes) in MLP interests under normal circumstances. MLPs are publicly traded partnerships primarily engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources. Under normal circumstances, the fund concentrates its investments in MLPs in the energy sector. It is non-diversified.

IMLPX's Sharpe Ratio of 1.74 indicates that for each unit of volatility, it generates 1.74 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 11, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

IMLPX Sharpe Ratio Rank

IMLPX Sharpe Ratio Rank: 61.361
Above Average

IMLPX ranks above 61.3% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

IMLPX Sharpe Ratio Market Positioning

The chart shows IMLPX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.06 or lower
  • Yellow zone (middle 50%): 1.06 to 1.95
  • Green zone (top 25%): 1.95 or higher
  • Top 1%: 3.89+
  • Median: 1.59 — half of all investments score higher

How it compares to other similar mutual funds

The table compares MainGate MLP Fund's Sharpe Ratio with other mutual funds in the Energy Equities category across multiple time periods, showing how IMLPX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 11, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
MLOZXCohen & Steers MLP & Energy Opportunity Fund, Inc.3.40
RSNYXVictory Global Energy Transition Fund Class Y3.26
RSNRXVictory Global Energy Transition Fund3.24
IEYYXDelaware Ivy Energy Fund2.34
RMLPXRecurrent MLP & Infrastructure Fund2.33
EIPIXEIP Growth and Income Fund (NEW)2.31
ICPAXIntegrity Mid-North American Resources Fund2.29
VLPIXVirtus Duff & Phelps Select MLP and Energy Fund2.26
MLPTXInvesco SteelPath MLP Select 40 Fund2.26
FRNRXFranklin Natural Resources Fund2.22
IMLPXMainGate MLP Fund1.74

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows IMLPX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when IMLPX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

Loading charts...

Sharpe Ratio Calculator

How does IMLPX fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

Analyze Your Portfolio