Invesco SteelPath MLP Income Fund Class A (MLPDX) 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 MLPDX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MLPDX
MLPDX charges 9.02% annually. There are 6 mutual funds in the MLPs category with lower expense ratios, going as low as 1.11%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Goldman Sachs Energy Infrastructure Fund Class P | 1.11% | — | Apr 2018 | MLPDX vs GAMPX | |
| Invesco SteelPath MLP Alpha Fund Class A | 1.54% | — | Mar 2010 | MLPDX vs MLPAX | |
| Hennessy Midstream Fund Investor Class | 1.75% | — | Dec 2013 | MLPDX vs HMSFX | |
| Neuberger Berman MLP | 2.72% | — | Mar 2013 | MLPDX vs NML | |
| Tortoise Energy Infrastructure Closed Fund | 2.90% | — | — | MLPDX vs TYG |
Best Risk-Adjusted Alternatives to MLPDX
MLPDX has a PortfoliosLab risk / return rank of 83. There is 1 mutual fund in the MLPs category with a higher risk-adjusted rank, going as high as 85.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco SteelPath MLP Select 40 Fund Class A | 85 | — | Mar 2010 | MLPDX vs MLPFX | |
| Invesco SteelPath MLP Alpha Fund Class A | 80 | — | Mar 2010 | MLPDX vs MLPAX | |
| Goldman Sachs Energy Infrastructure Fund Class P | 79 | — | Apr 2018 | MLPDX vs GAMPX | |
| Invesco SteelPath MLP Alpha Plus Fund Class A | 76 | — | Feb 2012 | MLPDX vs MLPLX | |
| Neuberger Berman MLP | 66 | — | Mar 2013 | MLPDX vs NML |
Top Performing MLPDX Alternatives (YTD)
MLPDX is at 24.58% YTD. There are 4 mutual funds in the MLPs category with higher YTD returns, going as high as 32.19%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco SteelPath MLP Alpha Plus Fund Class A | 32.19% | — | Feb 2012 | MLPDX vs MLPLX | |
| Neuberger Berman MLP | 28.72% | — | Mar 2013 | MLPDX vs NML | |
| Goldman Sachs Energy Infrastructure Fund Class P | 26.95% | — | Apr 2018 | MLPDX vs GAMPX | |
| Invesco SteelPath MLP Select 40 Fund Class A | 26.16% | — | Mar 2010 | MLPDX vs MLPFX | |
| Invesco SteelPath MLP Alpha Fund Class A | 22.49% | — | Mar 2010 | MLPDX vs MLPAX |
Lowest Volatility Alternatives to MLPDX
MLPDX has 12.41% 1-year volatility. There is 1 mutual fund in the MLPs category with lower 1-year volatility, going as low as 11.72%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco SteelPath MLP Alpha Fund Class A | 11.72% | — | Mar 2010 | MLPDX vs MLPAX | |
| Invesco SteelPath MLP Select 40 Fund Class A | 13.10% | — | Mar 2010 | MLPDX vs MLPFX | |
| Goldman Sachs Energy Infrastructure Fund Class P | 14.88% | — | Apr 2018 | MLPDX vs GAMPX | |
| Hennessy Midstream Fund Investor Class | 15.22% | — | Dec 2013 | MLPDX vs HMSFX | |
| ClearBridge Energy Midstream Opportunity Fund Inc. | 16.45% | — | Jun 2011 | MLPDX vs EMO |
Lowest Drawdown Alternatives to MLPDX
MLPDX has a 1-year max drawdown of -7.51%. There are 4 mutual funds in the MLPs category with shallower 1-year drawdowns, going as shallow as -5.92%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco SteelPath MLP Alpha Fund Class A | -5.92% | — | Mar 2010 | MLPDX vs MLPAX | |
| Hennessy Midstream Fund Investor Class | -6.91% | — | Dec 2013 | MLPDX vs HMSFX | |
| Goldman Sachs Energy Infrastructure Fund Class P | -7.23% | — | Apr 2018 | MLPDX vs GAMPX | |
| Invesco SteelPath MLP Select 40 Fund Class A | -7.40% | — | Mar 2010 | MLPDX vs MLPFX | |
| Invesco SteelPath MLP Alpha Plus Fund Class A | -8.56% | — | Feb 2012 | MLPDX vs MLPLX |
Other Mutual Funds from Invesco
The 10 most viewed Invesco mutual funds shown here include IVNQX, VADAX, OPGSX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco Nasdaq 100 Index Fund | Large Cap Growth Equities | 36 | 12.16% | — | Oct 2020 | MLPDX vs IVNQX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | Large Cap Blend Equities | 65 | 12.90% | — | Jul 1997 | MLPDX vs VADAX | |
| Invesco Gold & Special Minerals Fund | Gold, Precious Metals | 27 | -11.62% | — | Jul 1983 | MLPDX vs OPGSX | |
| Invesco American Franchise Fund Class A | Large Cap Growth Equities | 8 | 3.77% | — | Jun 2005 | MLPDX vs VAFAX | |
| Invesco Value Opportunities Fund | Mid Cap Value Equities | 70 | 14.99% | — | Jun 2001 | MLPDX vs VVOAX | |
| Invesco Comstock Fund | Large Cap Value Equities | 84 | 13.00% | — | Oct 1968 | MLPDX vs ACSTX | |
| Invesco Small Cap Value Fund | Small Cap Value Equities | 76 | 22.92% | — | Jun 1999 | MLPDX vs VSCAX | |
| Invesco Main Street Fund | Large Cap Blend Equities | 32 | 6.96% | — | Feb 1988 | MLPDX vs MSIGX | |
| Invesco Equity and Income Fund | Diversified Portfolio | 76 | 7.85% | — | Aug 1960 | MLPDX vs ACEIX | |
| Invesco Equally-Weighted S&P 500 Fund | S&P 500 | 66 | 13.07% | — | Jul 1997 | MLPDX vs VADDX |
Often Compared With MLPDX
Investors most often compare MLPDX with OPPAX, MLPD, VDE. These 3 comparison targets span 4 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco Global Fund | Global Equities | 15 | 3.45% | — | Dec 1969 | MLPDX vs OPPAX | |
| Global X MLP & Energy Infrastructure Covered Call ... | Infrastructure Equities, Derivative Income | 61 | 5.77% | 30.98M | May 2024 | MLPDX vs MLPD | |
| Vanguard Energy ETF | Energy Equities | 76 | 33.37% | 11.00B | Sep 2004 | MLPDX vs VDE |
Compare MLPDX with Any Fund or Stock
Compare MLPDX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MLPDX with funds that move differently
Invesco SteelPath MLP Income Fund Class A alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MLPDX.
Explore MLPDX Diversifiers