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 | |
|---|---|---|---|---|---|
| Goldman Sachs Energy Infrastructure Fund Class P | 1.11% | — | Apr 2018 | MLPAX vs GAMPX | |
| Hennessy Midstream Fund Investor Class | 1.75% | — | Dec 2013 | MLPAX vs HMSFX | |
| Neuberger Berman MLP | 2.72% | — | Mar 2013 | MLPAX vs NML | |
| Tortoise Energy Infrastructure Closed Fund | 2.90% | — | — | MLPAX vs TYG | |
| 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 67. There are 3 mutual funds in the MLPs category with higher risk-adjusted ranks, going as high as 81.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco SteelPath MLP Select 40 Fund Class A | 81 | — | Mar 2010 | MLPAX vs MLPFX | |
| Goldman Sachs Energy Infrastructure Fund Class P | 76 | — | Apr 2018 | MLPAX vs GAMPX | |
| Invesco SteelPath MLP Income Fund Class A | 71 | — | Mar 2010 | MLPAX vs MLPDX | |
| Invesco SteelPath MLP Alpha Plus Fund Class A | 66 | — | Feb 2012 | MLPAX vs MLPLX | |
| Neuberger Berman MLP | 57 | — | Mar 2013 | MLPAX vs NML |
Top Performing MLPAX Alternatives (YTD)
MLPAX is at 19.29% YTD. There are 6 mutual funds in the MLPs category with higher YTD returns, going as high as 27.48%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco SteelPath MLP Alpha Plus Fund Class A | 27.48% | — | Feb 2012 | MLPAX vs MLPLX | |
| Neuberger Berman MLP | 27.36% | — | Mar 2013 | MLPAX vs NML | |
| Goldman Sachs Energy Infrastructure Fund Class P | 25.07% | — | Apr 2018 | MLPAX vs GAMPX | |
| Invesco SteelPath MLP Select 40 Fund Class A | 23.75% | — | Mar 2010 | MLPAX vs MLPFX | |
| ClearBridge Energy Midstream Opportunity Fund | 20.75% | — | Jun 2011 | MLPAX vs EMO |
Lowest Volatility Alternatives to MLPAX
MLPAX has 11.65% 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 12.24%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco SteelPath MLP Income Fund Class A | 12.24% | — | Mar 2010 | MLPAX vs MLPDX | |
| Invesco SteelPath MLP Select 40 Fund Class A | 13.08% | — | Mar 2010 | MLPAX vs MLPFX | |
| Goldman Sachs Energy Infrastructure Fund Class P | 14.82% | — | Apr 2018 | MLPAX vs GAMPX | |
| Hennessy Midstream Fund Investor Class | 15.26% | — | Dec 2013 | MLPAX vs HMSFX | |
| Invesco SteelPath MLP Alpha Plus Fund Class A | 16.76% | — | Feb 2012 | MLPAX vs MLPLX |
Lowest Drawdown Alternatives to MLPAX
MLPAX has a 1-year max drawdown of -5.92%. No mutual funds in the MLPs category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as -6.91%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Hennessy Midstream Fund Investor Class | -6.91% | — | Dec 2013 | MLPAX vs HMSFX | |
| Goldman Sachs Energy Infrastructure Fund Class P | -7.23% | — | Apr 2018 | MLPAX vs GAMPX | |
| Invesco SteelPath MLP Select 40 Fund Class A | -7.40% | — | Mar 2010 | MLPAX vs MLPFX | |
| Invesco SteelPath MLP Income Fund Class A | -7.51% | — | Mar 2010 | MLPAX vs MLPDX | |
| 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, VAFAX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco Nasdaq 100 Index Fund | Large Cap Growth Equities | 59 | 18.33% | — | Oct 2020 | MLPAX vs IVNQX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | Large Cap Blend Equities | 44 | 12.58% | — | — | MLPAX vs VADAX | |
| Invesco American Franchise Fund Class A | Large Cap Growth Equities | 12 | 8.27% | — | Jun 2005 | MLPAX vs VAFAX | |
| Invesco Gold & Special Minerals Fund | Gold, Precious Metals | 25 | -10.19% | — | Jul 1983 | MLPAX vs OPGSX | |
| Invesco Value Opportunities Fund | Mid Cap Value Equities | 80 | 20.03% | — | Jun 2001 | MLPAX vs VVOAX | |
| Invesco Comstock Fund | Large Cap Value Equities | 68 | 12.28% | — | Oct 1968 | MLPAX vs ACSTX | |
| Invesco Main Street Fund | Large Cap Blend Equities | 35 | 7.85% | — | Feb 1988 | MLPAX vs MSIGX | |
| Invesco Small Cap Value Fund | Small Cap Value Equities | 79 | 27.70% | — | Jun 1999 | MLPAX vs VSCAX | |
| Invesco Equity and Income Fund | Diversified Portfolio | 66 | 7.57% | — | Aug 1960 | MLPAX vs ACEIX | |
| Invesco Global Fund | Global Equities | 19 | 8.22% | — | Dec 1969 | MLPAX vs OPPAX |
Often Compared With MLPAX
Investors most often compare MLPAX with PFFA, VADDX, VDE. These 3 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Virtus InfraCap U.S. Preferred Stock ETF | Preferred Stock/Convertible Bonds | 34 | 1.63% | 2.45B | May 2018 | MLPAX vs PFFA | |
| Invesco Equally-Weighted S&P 500 Fund | S&P 500 | 45 | 12.75% | — | Jul 1997 | MLPAX vs VADDX | |
| Vanguard Energy ETF | Energy Equities | 51 | 28.77% | 11.80B | 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.
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