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Invesco SteelPath MLP Select 40 Fund Class A (MLPFX) Sharpe Ratio: 2.18

Mutual Fund · Currency in USD · Last updated Jul 14, 2026

The Invesco SteelPath MLP Select 40 Fund seeks total return by investing in master limited partnerships (MLPs) engaged in energy-related activities such as transportation, storage, processing, refining, and production of minerals and natural resources.

MLPFX's Sharpe Ratio of 2.18 indicates that for each unit of volatility, it generates 2.18 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 14, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

MLPFX Sharpe Ratio Rank

MLPFX Sharpe Ratio Rank: 83.584
Exceptional

MLPFX ranks above 83.5% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

MLPFX Sharpe Ratio Market Positioning

The chart shows MLPFX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.06 or lower
  • Yellow zone (middle 50%): 1.06 to 1.94
  • Green zone (top 25%): 1.94 or higher
  • Top 1%: 3.92+
  • Median: 1.58 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Invesco SteelPath MLP Select 40 Fund Class A's Sharpe Ratio with other mutual funds in the MLPs category across multiple time periods, showing how MLPFX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 14, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
MLPFXInvesco SteelPath MLP Select 40 Fund Class A2.18
GAMPXGoldman Sachs Energy Infrastructure Fund Class P2.02
MLPDXInvesco SteelPath MLP Income Fund Class A1.93
MLPLXInvesco SteelPath MLP Alpha Plus Fund Class A1.84
MLPAXInvesco SteelPath MLP Alpha Fund Class A1.82
NMLNeuberger Berman MLP1.67
EMOClearBridge Energy Midstream Opportunity Fund1.28
HMSFXHennessy Midstream Fund Investor Class1.18
TYGTortoise Energy Infrastructure Closed Fund0.71

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows MLPFX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when MLPFX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does MLPFX fit in your portfolio?

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