MLPAX Alternatives & Similar Mutual Funds

Invesco SteelPath MLP Alpha Fund Class A (MLPAX) belongs to the MLPs category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MLPAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to MLPAX

MLPAX charges 1.54% annually. There is 1 mutual fund in the MLPs category with a lower expense ratio, going as low as 1.11%.

Symbol	Name	Expense Ratio	AUM	Inception
GAMPX	Goldman Sachs Energy Infrastructure Fund Class P	1.11%	—	Apr 2018	MLPAX vs GAMPX
HMSFX	Hennessy Midstream Fund Investor Class	1.75%	—	Dec 2013	MLPAX vs HMSFX
NML	Neuberger Berman MLP	2.72%	—	Mar 2013	MLPAX vs NML
TYG	Tortoise Energy Infrastructure Closed Fund	2.90%	—	—	MLPAX vs TYG
MLPDX	Invesco SteelPath MLP Income Fund Class A	9.02%	—	Mar 2010	MLPAX vs MLPDX

Best Risk-Adjusted Alternatives to MLPAX

MLPAX has a PortfoliosLab risk / return rank of 44. There are 4 mutual funds in the MLPs category with higher risk-adjusted ranks, going as high as 60.

Symbol	Name	Risk / Return Rank	AUM	Inception
MLPFX	Invesco SteelPath MLP Select 40 Fund Class A	60	—	Mar 2010	MLPAX vs MLPFX
MLPDX	Invesco SteelPath MLP Income Fund Class A	59	—	Mar 2010	MLPAX vs MLPDX
GAMPX	Goldman Sachs Energy Infrastructure Fund Class P	47	—	Apr 2018	MLPAX vs GAMPX
MLPLX	Invesco SteelPath MLP Alpha Plus Fund Class A	44	—	Feb 2012	MLPAX vs MLPLX
NML	Neuberger Berman MLP	29	—	Mar 2013	MLPAX vs NML

Top Performing MLPAX Alternatives (YTD)

MLPAX is at 17.69% YTD. There are 5 mutual funds in the MLPs category with higher YTD returns, going as high as 25.29%.

Symbol	Name	YTD Return	AUM	Inception
MLPLX	Invesco SteelPath MLP Alpha Plus Fund Class A	25.29%	—	Feb 2012	MLPAX vs MLPLX
GAMPX	Goldman Sachs Energy Infrastructure Fund Class P	23.48%	—	Apr 2018	MLPAX vs GAMPX
MLPFX	Invesco SteelPath MLP Select 40 Fund Class A	22.61%	—	Mar 2010	MLPAX vs MLPFX
NML	Neuberger Berman MLP	21.99%	—	Mar 2013	MLPAX vs NML
MLPDX	Invesco SteelPath MLP Income Fund Class A	19.67%	—	Mar 2010	MLPAX vs MLPDX

Lowest Volatility Alternatives to MLPAX

MLPAX has 11.44% 1-year volatility. No mutual funds in the MLPs category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 11.67%.

Symbol	Name	Volatility 1Y	AUM	Inception
MLPDX	Invesco SteelPath MLP Income Fund Class A	11.67%	—	Mar 2010	MLPAX vs MLPDX
MLPFX	Invesco SteelPath MLP Select 40 Fund Class A	12.66%	—	Mar 2010	MLPAX vs MLPFX
GAMPX	Goldman Sachs Energy Infrastructure Fund Class P	14.60%	—	Apr 2018	MLPAX vs GAMPX
HMSFX	Hennessy Midstream Fund Investor Class	15.17%	—	Dec 2013	MLPAX vs HMSFX
MLPLX	Invesco SteelPath MLP Alpha Plus Fund Class A	16.47%	—	Feb 2012	MLPAX vs MLPLX

Lowest Drawdown Alternatives to MLPAX

MLPAX has a 1-year max drawdown of -6.17%. There is 1 mutual fund in the MLPs category with a shallower 1-year drawdown, going as shallow as -6.10%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
MLPDX	Invesco SteelPath MLP Income Fund Class A	-6.10%	—	Mar 2010	MLPAX vs MLPDX
MLPFX	Invesco SteelPath MLP Select 40 Fund Class A	-6.68%	—	Mar 2010	MLPAX vs MLPFX
HMSFX	Hennessy Midstream Fund Investor Class	-6.98%	—	Dec 2013	MLPAX vs HMSFX
GAMPX	Goldman Sachs Energy Infrastructure Fund Class P	-7.23%	—	Apr 2018	MLPAX vs GAMPX
MLPLX	Invesco SteelPath MLP Alpha Plus Fund Class A	-8.86%	—	Feb 2012	MLPAX vs MLPLX

Other Mutual Funds from Invesco

The 10 most viewed Invesco mutual funds shown here include IVNQX, VADAX, OPGSX and span 8 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
IVNQX	Invesco Nasdaq 100 Index Fund	Large Cap Growth Equities	76	21.57%	—	Oct 2020	MLPAX vs IVNQX
VADAX	Invesco Equally-Weighted S&P 500 Fund Class A	Large Cap Blend Equities	41	9.93%	—	—	MLPAX vs VADAX
OPGSX	Invesco Gold & Special Minerals Fund	Precious Metals	28	3.54%	—	Jul 1983	MLPAX vs OPGSX
VVOAX	Invesco Value Opportunities Fund	Mid Cap Value Equities	87	23.96%	—	Jun 2001	MLPAX vs VVOAX
VAFAX	Invesco American Franchise Fund Class A	Large Cap Growth Equities	16	9.63%	—	Jun 2005	MLPAX vs VAFAX
ACSTX	Invesco Comstock Fund	Large Cap Value Equities	59	9.14%	—	Oct 1968	MLPAX vs ACSTX
MSIGX	Invesco Main Street Fund	Large Cap Blend Equities	41	6.01%	—	Feb 1988	MLPAX vs MSIGX
VSCAX	Invesco Small Cap Value Fund	Small Cap Value Equities	89	31.33%	—	Jun 1999	MLPAX vs VSCAX
ACEIX	Invesco Equity and Income Fund	Diversified Portfolio	67	6.02%	—	Aug 1960	MLPAX vs ACEIX
OPPAX	Invesco Global Fund	Global Equities	25	9.82%	—	Dec 1969	MLPAX vs OPPAX

Often Compared With MLPAX

Investors most often compare MLPAX with EMO, PFFA, VADDX. These 4 comparison targets span 4 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
EMO	ClearBridge Energy Midstream Opportunity Fund	MLPs, Energy Equities	20	15.80%	—	Jun 2011	MLPAX vs EMO
PFFA	Virtus InfraCap U.S. Preferred Stock ETF	Preferred Stock/Convertible Bonds	56	3.08%	2.38B	May 2018	MLPAX vs PFFA
VADDX	Invesco Equally-Weighted S&P 500 Fund	S&P 500	42	10.05%	—	Jul 1997	MLPAX vs VADDX
VDE	Vanguard Energy ETF	Energy Equities	64	32.24%	12.70B	Sep 2004	MLPAX vs VDE

Compare MLPAX with Any Fund or Stock

Compare MLPAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair MLPAX with funds that move differently

Invesco SteelPath MLP Alpha Fund Class A alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MLPAX.

Explore MLPAX Diversifiers

Invesco SteelPath MLP Alpha Fund Class A (MLPAX) Alternatives