NEOS MLP & Energy Infrastructure High Income ETF (MLPI) belongs to the MLPs category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MLPI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MLPI
MLPI charges 0.68% annually. There are 2 ETFs in the MLPs category with lower expense ratios, going as low as 0.45%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Global X MLP & Energy Infrastructure ETF | 0.45% | 3.54B | Aug 2013 | MLPI vs MLPX | |
| Tortoise MLP ETF | 0.50% | 37.78M | Dec 2025 | MLPI vs TMLP | |
| Global X MLP ETF | 0.77% | 2.18B | Apr 2012 | MLPI vs MLPA | |
| ETRACS Alerian MLP Index ETN Class B | 0.80% | 37.40M | Oct 2015 | MLPI vs AMUB | |
| ETRACS Alerian MLP Infrastructure Index ETN Series... | 0.85% | 223.48M | Oct 2015 | MLPI vs MLPB |
Best Risk-Adjusted Alternatives to MLPI
Among 8 ETFs in the MLPs category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 87.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust North American Energy Infrastructure F... | 87 | 4.09B | Jun 2012 | MLPI vs EMLP | |
| Global X MLP & Energy Infrastructure ETF | 72 | 3.54B | Aug 2013 | MLPI vs MLPX | |
| Barclays ETN+ Select MLP ETN | 61 | 656.72M | Mar 2013 | MLPI vs ATMP | |
| ETRACS Alerian MLP Infrastructure Index ETN Series... | 58 | 223.48M | Oct 2015 | MLPI vs MLPB | |
| Alerian MLP ETF | 54 | 12.42B | Aug 2010 | MLPI vs AMLP |
Top Performing MLPI Alternatives (YTD)
MLPI is at 20.53% YTD. There are 4 ETFs in the MLPs category with higher YTD returns, going as high as 28.17%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| InfraCap MLP ETF | 28.17% | 454.57M | Oct 2014 | MLPI vs AMZA | |
| Global X MLP & Energy Infrastructure ETF | 27.98% | 3.54B | Aug 2013 | MLPI vs MLPX | |
| Barclays ETN+ Select MLP ETN | 24.32% | 656.72M | Mar 2013 | MLPI vs ATMP | |
| ETRACS Alerian MLP Infrastructure Index ETN Series... | 22.48% | 223.48M | Oct 2015 | MLPI vs MLPB | |
| ETRACS Alerian MLP Index ETN Class B | 18.96% | 37.40M | Oct 2015 | MLPI vs AMUB |
Lowest Volatility Alternatives to MLPI
MLPI has 13.34% 1-year volatility. There are 3 ETFs in the MLPs category with lower 1-year volatility, going as low as 10.26%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust North American Energy Infrastructure F... | 10.26% | 4.09B | Jun 2012 | MLPI vs EMLP | |
| Alerian MLP ETF | 12.50% | 12.42B | Aug 2010 | MLPI vs AMLP | |
| Global X MLP ETF | 12.52% | 2.18B | Apr 2012 | MLPI vs MLPA | |
| ETRACS Alerian MLP Infrastructure Index ETN Series... | 14.19% | 223.48M | Oct 2015 | MLPI vs MLPB | |
| Tortoise MLP ETF | 14.40% | 37.78M | Dec 2025 | MLPI vs TMLP |
Lowest Drawdown Alternatives to MLPI
Among 8 ETFs in the MLPs category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -4.94%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust North American Energy Infrastructure F... | -4.94% | 4.09B | Jun 2012 | MLPI vs EMLP | |
| Global X MLP & Energy Infrastructure ETF | -8.18% | 3.54B | Aug 2013 | MLPI vs MLPX | |
| Barclays ETN+ Select MLP ETN | -8.30% | 656.72M | Mar 2013 | MLPI vs ATMP | |
| Global X MLP ETF | -8.33% | 2.18B | Apr 2012 | MLPI vs MLPA | |
| Alerian MLP ETF | -8.94% | 12.42B | Aug 2010 | MLPI vs AMLP |
Other ETFs from NEOS
The 2 most viewed NEOS ETFs shown here include XQQI, SPYH and span 4 categories. AUM among these funds goes as high as $283M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| NEOS Boosted Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income | — | — | 282.94M | Feb 2026 | MLPI vs XQQI | |
| NEOS S&P 500 Hedged Equity Income ETF | Equity Hedged, S&P 500 | 69 | 5.79% | 31.53M | Apr 2025 | MLPI vs SPYH |
Often Compared With MLPI
Investors most often compare MLPI with VOLT, QQQI, XLEI. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare MLPI with Any Fund or Stock
Compare MLPI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MLPI with funds that move differently
NEOS MLP & Energy Infrastructure High Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MLPI.
Explore MLPI Diversifiers