- ISIN
- US78433H4855
- CUSIP
- 78433H485
- Issuer
- NEOS
- Inception Date
- Dec 17, 2025
- Region
- North America (U.S. and Canada)
- Category
- MLPs, Energy Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
- Assets Under Management
- $658M
Share Price Chart
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Performance
MLPI Performance Chart
NEOS MLP & Energy Infrastructure High Income ETF (MLPI) is up 18.3% since the beginning of the year. MLPI is currently trading at $55 per share.
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Returns By Period
NEOS MLP & Energy Infrastructure High Income ETF
- 1D
- 1.53%
- 1M
- -3.23%
- YTD
- 18.32%
- 6M
- 17.87%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MLPI Monthly Returns History
Based on dividend-adjusted daily data since Dec 18, 2025, MLPI's average daily return is +0.14%, while the average monthly return is +2.55%. At this rate, an investment would double in approximately 2.3 years.
Historically, 86% of months were positive and 14% were negative. The best month was Feb 2026 with a return of +7.3%, while the worst month was May 2026 at -4.3%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 1 months.
On a daily basis, MLPI closed higher 58% of trading days. The best single day was Apr 30, 2026 with a return of +2.3%, while the worst single day was May 6, 2026 at -2.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.95% | 7.29% | 3.16% | 3.11% | -4.32% | 2.27% | 18.32% | ||||||
| 2025 | 0.36% | 0.36% |
Benchmark Metrics
NEOS MLP & Energy Infrastructure High Income ETF has an annualized alpha of 46.08%, beta of -0.12, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since December 18, 2025.
- This ETF captured 21.36% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -247.07%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.12 may look defensive, but with R2 of 0.02 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.02 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 46.08%
- Beta
- -0.12
- R²
- 0.02
- Upside Capture
- 21.36%
- Downside Capture
- -247.07%
Expense Ratio
MLPI has an expense ratio of 0.68%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for NEOS MLP & Energy Infrastructure High Income ETF (MLPI) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MLPI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.78 | — |
| Martin ratioReturn relative to average drawdown | — | 12.44 | — |
Dividends
Dividend History
NEOS MLP & Energy Infrastructure High Income ETF provided a 7.27% dividend yield over the last twelve months, with an annual payout of $4.01 per share.
| Period | TTM |
|---|---|
| Dividend | $4.01 |
Dividend yield | 7.27% |
Monthly Dividends
The table displays the monthly dividend distributions for NEOS MLP & Energy Infrastructure High Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.66 | $0.64 | $0.68 | $0.67 | $0.70 | $0.66 | $4.01 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the NEOS MLP & Energy Infrastructure High Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the NEOS MLP & Energy Infrastructure High Income ETF was 5.38%, occurring on May 29, 2026. The portfolio has not yet recovered.
The current NEOS MLP & Energy Infrastructure High Income ETF drawdown is 3.23%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -5.38%May 2026 | 3d | — | 28d 19hMay 2026 - now |
2026 pullback2026 | -4.64%Apr 2026 | 25d | 9d | 1mo 4dMar 2026 - Apr 2026 |
2026 pullback2026 | -4.04%May 2026 | 3d | 10d | 13dMay 2026 - May 2026 |
2026 pullback2026 | -2.78%Jan 2026 | 14d | 9d | 23dDec 2025 - Jan 2026 |
2026 pullback2026 | -1.50%Mar 2026 | 7d | 9d | 16dMar 2026 - Mar 2026 |
Drawdown Indicators
| MLPI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.38% | -56.78% | +51.40% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -3.23% | -1.80% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -1.49% | -10.71% | +9.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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