MLPFX Alternatives & Similar Mutual Funds

Invesco SteelPath MLP Select 40 Fund Class A (MLPFX) 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 MLPFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to MLPFX

MLPFX charges 10.29% 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
GAMPX	Goldman Sachs Energy Infrastructure Fund Class P	1.11%	—	Apr 2018	MLPFX vs GAMPX
MLPAX	Invesco SteelPath MLP Alpha Fund Class A	1.54%	—	Mar 2010	MLPFX vs MLPAX
HMSFX	Hennessy Midstream Fund Investor Class	1.75%	—	Dec 2013	MLPFX vs HMSFX
NML	Neuberger Berman MLP	2.72%	—	Mar 2013	MLPFX vs NML
TYG	Tortoise Energy Infrastructure Closed Fund	2.90%	—	—	MLPFX vs TYG

Best Risk-Adjusted Alternatives to MLPFX

MLPFX has a PortfoliosLab risk / return rank of 58. No mutual funds in the MLPs category have higher risk-adjusted ranks; the top alternatives shown here go as high as 56.

Symbol	Name	Risk / Return Rank	AUM	Inception
MLPDX	Invesco SteelPath MLP Income Fund Class A	56	—	Mar 2010	MLPFX vs MLPDX
GAMPX	Goldman Sachs Energy Infrastructure Fund Class P	46	—	Apr 2018	MLPFX vs GAMPX
MLPAX	Invesco SteelPath MLP Alpha Fund Class A	43	—	Mar 2010	MLPFX vs MLPAX
MLPLX	Invesco SteelPath MLP Alpha Plus Fund Class A	42	—	Feb 2012	MLPFX vs MLPLX
NML	Neuberger Berman MLP	33	—	Mar 2013	MLPFX vs NML

Top Performing MLPFX Alternatives (YTD)

MLPFX is at 21.14% YTD. There are 3 mutual funds in the MLPs category with higher YTD returns, going as high as 23.39%.

Symbol	Name	YTD Return	AUM	Inception
MLPLX	Invesco SteelPath MLP Alpha Plus Fund Class A	23.39%	—	Feb 2012	MLPFX vs MLPLX
GAMPX	Goldman Sachs Energy Infrastructure Fund Class P	21.56%	—	Apr 2018	MLPFX vs GAMPX
NML	Neuberger Berman MLP	21.38%	—	Mar 2013	MLPFX vs NML
MLPDX	Invesco SteelPath MLP Income Fund Class A	18.63%	—	Mar 2010	MLPFX vs MLPDX
MLPAX	Invesco SteelPath MLP Alpha Fund Class A	16.47%	—	Mar 2010	MLPFX vs MLPAX

Lowest Volatility Alternatives to MLPFX

MLPFX has 12.63% 1-year volatility. There are 2 mutual funds in the MLPs category with lower 1-year volatility, going as low as 11.42%.

Symbol	Name	Volatility 1Y	AUM	Inception
MLPAX	Invesco SteelPath MLP Alpha Fund Class A	11.42%	—	Mar 2010	MLPFX vs MLPAX
MLPDX	Invesco SteelPath MLP Income Fund Class A	11.67%	—	Mar 2010	MLPFX vs MLPDX
GAMPX	Goldman Sachs Energy Infrastructure Fund Class P	14.55%	—	Apr 2018	MLPFX vs GAMPX
HMSFX	Hennessy Midstream Fund Investor Class	15.13%	—	Dec 2013	MLPFX vs HMSFX
MLPLX	Invesco SteelPath MLP Alpha Plus Fund Class A	16.44%	—	Feb 2012	MLPFX vs MLPLX

Lowest Drawdown Alternatives to MLPFX

MLPFX has a 1-year max drawdown of -6.68%. There are 2 mutual funds in the MLPs category with shallower 1-year drawdowns, 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	MLPFX vs MLPDX
MLPAX	Invesco SteelPath MLP Alpha Fund Class A	-6.17%	—	Mar 2010	MLPFX vs MLPAX
HMSFX	Hennessy Midstream Fund Investor Class	-6.98%	—	Dec 2013	MLPFX vs HMSFX
GAMPX	Goldman Sachs Energy Infrastructure Fund Class P	-7.23%	—	Apr 2018	MLPFX vs GAMPX
MLPLX	Invesco SteelPath MLP Alpha Plus Fund Class A	-8.86%	—	Feb 2012	MLPFX 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	20.97%	—	Oct 2020	MLPFX vs IVNQX
VADAX	Invesco Equally-Weighted S&P 500 Fund Class A	Large Cap Blend Equities	39	9.56%	—	—	MLPFX vs VADAX
OPGSX	Invesco Gold & Special Minerals Fund	Precious Metals	32	2.18%	—	Jul 1983	MLPFX vs OPGSX
VVOAX	Invesco Value Opportunities Fund	Mid Cap Value Equities	80	18.92%	—	Jun 2001	MLPFX vs VVOAX
VAFAX	Invesco American Franchise Fund Class A	Large Cap Growth Equities	15	8.55%	—	Jun 2005	MLPFX vs VAFAX
ACSTX	Invesco Comstock Fund	Large Cap Value Equities	57	8.65%	—	Oct 1968	MLPFX vs ACSTX
MSIGX	Invesco Main Street Fund	Large Cap Blend Equities	49	5.98%	—	Feb 1988	MLPFX vs MSIGX
VSCAX	Invesco Small Cap Value Fund	Small Cap Value Equities	85	26.83%	—	Jun 1999	MLPFX vs VSCAX
ACEIX	Invesco Equity and Income Fund	Diversified Portfolio	64	5.38%	—	Aug 1960	MLPFX vs ACEIX
OPPAX	Invesco Global Fund	Global Equities	28	8.80%	—	Dec 1969	MLPFX vs OPPAX

Often Compared With MLPFX

Investors most often compare MLPFX with EMO, SMEAX, GGHCX. These 5 comparison targets span 5 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	18	16.06%	—	Jun 2011	MLPFX vs EMO
SMEAX	Invesco Small Cap Equity Fund Class A	Small Cap Blend Equities	25	15.42%	—	Aug 2000	MLPFX vs SMEAX
GGHCX	Invesco Health Care Fund	Health & Biotech Equities	7	-5.96%	—	Aug 1989	MLPFX vs GGHCX
VADDX	Invesco Equally-Weighted S&P 500 Fund	S&P 500	41	9.69%	—	Jul 1997	MLPFX vs VADDX
VOO	Vanguard S&P 500 ETF	S&P 500	75	11.69%	1.60T	Sep 2010	MLPFX vs VOO

Compare MLPFX with Any Fund or Stock

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

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Diversifiers

Pair MLPFX with funds that move differently

Invesco SteelPath MLP Select 40 Fund Class A alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MLPFX.

Explore MLPFX Diversifiers

Invesco SteelPath MLP Select 40 Fund Class A (MLPFX) Alternatives