Invesco SteelPath MLP Alpha Fund Class A (MLPAX) Alternatives
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 funds that fit a different role in your portfolio.
Cheapest Alternatives to MLPAX
MLPAX charges 1.54% annually. Among mutual funds in the MLPs category, these options have the lowest expense ratios among MLPAX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Hennessy Midstream Fund Investor Class | 1.75% | Dec 31, 2013 | MLPAX vs HMSFX | |
| Neuberger Berman MLP | 2.72% | Mar 26, 2013 | MLPAX vs NML | |
| Tortoise Energy Infrastructure Closed Fund | 2.90% | — | MLPAX vs TYG | |
| Invesco SteelPath MLP Income Fund Class A | 9.02% | Mar 31, 2010 | MLPAX vs MLPDX | |
| Invesco SteelPath MLP Select 40 Fund Class A | 10.29% | Mar 31, 2010 | MLPAX vs MLPFX |
Best Risk-Adjusted Alternatives to MLPAX
Among mutual funds in the MLPs category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Tortoise Energy Infrastructure Closed Fund | 72 | — | MLPAX vs TYG | |
| Neuberger Berman MLP | 67 | Mar 26, 2013 | MLPAX vs NML | |
| Invesco SteelPath MLP Select 40 Fund Class A | 54 | Mar 31, 2010 | MLPAX vs MLPFX | |
| ClearBridge Energy Midstream Opportunity Fund | 42 | Jun 10, 2011 | MLPAX vs EMO | |
| Invesco SteelPath MLP Income Fund Class A | 40 | Mar 31, 2010 | MLPAX vs MLPDX |
Top Performing MLPAX Alternatives (YTD)
MLPAX alternatives from the MLPs category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Neuberger Berman MLP | 25.95% | Mar 26, 2013 | MLPAX vs NML | |
| Tortoise Energy Infrastructure Closed Fund | 25.59% | — | MLPAX vs TYG | |
| Invesco SteelPath MLP Alpha Plus Fund Class A | 24.85% | Feb 6, 2012 | MLPAX vs MLPLX | |
| ClearBridge Energy Midstream Opportunity Fund | 20.88% | Jun 10, 2011 | MLPAX vs EMO | |
| Invesco SteelPath MLP Select 40 Fund Class A | 20.14% | Mar 31, 2010 | MLPAX vs MLPFX |
Lowest Volatility Alternatives to MLPAX
MLPAX alternatives from the MLPs category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Invesco SteelPath MLP Income Fund Class A | 16.15% | Mar 31, 2010 | MLPAX vs MLPDX | |
| Invesco SteelPath MLP Select 40 Fund Class A | 16.92% | Mar 31, 2010 | MLPAX vs MLPFX | |
| Hennessy Midstream Fund Investor Class | 19.31% | Dec 31, 2013 | MLPAX vs HMSFX | |
| ClearBridge Energy Midstream Opportunity Fund | 21.39% | Jun 10, 2011 | MLPAX vs EMO | |
| Neuberger Berman MLP | 21.79% | Mar 26, 2013 | MLPAX vs NML |
Lowest Drawdown Alternatives to MLPAX
MLPAX alternatives from the MLPs category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Invesco SteelPath MLP Income Fund Class A | -14.45% | Mar 31, 2010 | MLPAX vs MLPDX | |
| Invesco SteelPath MLP Select 40 Fund Class A | -14.55% | Mar 31, 2010 | MLPAX vs MLPFX | |
| Hennessy Midstream Fund Investor Class | -15.26% | Dec 31, 2013 | MLPAX vs HMSFX | |
| Neuberger Berman MLP | -15.72% | Mar 26, 2013 | MLPAX vs NML | |
| Invesco SteelPath MLP Alpha Plus Fund Class A | -18.61% | Feb 6, 2012 | MLPAX vs MLPLX |
Other Mutual Funds from Invesco
Most popular Invesco mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Invesco Nasdaq 100 Index Fund | Large Cap Growth Equities | 48 | -8.99% | Oct 13, 2020 | MLPAX vs IVNQX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | Large Cap Blend Equities | 28 | -1.47% | — | MLPAX vs VADAX | |
| Invesco American Franchise Fund Class A | Large Cap Growth Equities | 16 | -13.54% | Jun 23, 2005 | MLPAX vs VAFAX | |
| Invesco Gold & Special Minerals Fund | Precious Metals | 92 | 0.44% | Jul 18, 1983 | MLPAX vs OPGSX | |
| Invesco Comstock Fund | Large Cap Value Equities | 36 | -2.22% | Oct 7, 1968 | MLPAX vs ACSTX | |
| Invesco Global Fund | Global Equities | 9 | -13.35% | Dec 21, 1969 | MLPAX vs OPPAX | |
| Invesco Main Street Fund | Large Cap Blend Equities | 20 | -9.61% | Feb 3, 1988 | MLPAX vs MSIGX | |
| Invesco Equity and Income Fund | Diversified Portfolio | 56 | -1.20% | Aug 2, 1960 | MLPAX vs ACEIX | |
| Invesco Equally-Weighted S&P 500 Fund | S&P 500 | 29 | -1.41% | Jul 28, 1997 | MLPAX vs VADDX | |
| Invesco Value Opportunities Fund | Mid Cap Value Equities | 76 | 3.20% | Jun 25, 2001 | MLPAX vs VVOAX |
Often Compared With MLPAX
What investors most often compare with MLPAX, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Virtus InfraCap U.S. Preferred Stock ETF | Preferred Stock/Convertible Bonds, Actively Managed | 30 | -3.22% | May 15, 2018 | MLPAX vs PFFA |
Compare MLPAX with Any Fund or Stock
Compare MLPAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.