Neos MLP & Energy Infrastructure High Income ETF (MLPI) belongs to the Energy Equities 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 44 ETFs in the Energy Equities category with lower expense ratios, going as low as 0.08%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity MSCI Energy Index ETF | 0.08% | 2.03B | Oct 2013 | MLPI vs FENY | |
| State Street Energy Select Sector SPDR ETF | 0.08% | 38.95B | Dec 1998 | MLPI vs XLE | |
| Vanguard Energy ETF | 0.09% | 12.70B | Sep 2004 | MLPI vs VDE | |
| Portfolio Building Block Integrated Oil & Gas and ... | 0.13% | 11.66M | Nov 2025 | MLPI vs PBOG | |
| Global X PureCap MSCI Energy ETF | 0.15% | — | Jul 2025 | MLPI vs GXPE |
Best Risk-Adjusted Alternatives to MLPI
Among 54 ETFs in the Energy Equities category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| VanEck Oil Refiners ETF | 93 | 171.68M | Aug 2015 | MLPI vs CRAK | |
| VanEck Natural Resources ETF | 89 | 334.74M | Aug 2008 | MLPI vs HAP | |
| Tema Electrification ETF | 89 | 693.48M | Dec 2024 | MLPI vs VOLT | |
| SPDR S&P Oil & Gas Equipment & Services ETF | 89 | 578.84M | Jun 2006 | MLPI vs XES | |
| American Beacon GLG Natural Resources ETF | 89 | 287.08M | Feb 2024 | MLPI vs MGNR |
Top Performing MLPI Alternatives (YTD)
MLPI is at 17.58% YTD. There are 51 ETFs in the Energy Equities category with higher YTD returns, going as high as 51.43%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| VanEck Vectors Oil Services ETF | 51.43% | 2.37B | Dec 2011 | MLPI vs OIH | |
| SPDR S&P Oil & Gas Equipment & Services ETF | 50.69% | 578.84M | Jun 2006 | MLPI vs XES | |
| iShares U.S. Oil Equipment & Services ETF | 47.84% | 636.98M | May 2006 | MLPI vs IEZ | |
| Invesco Dynamic Oil & Gas Services ETF | 46.18% | 128.85M | Oct 2005 | MLPI vs PXJ | |
| WEBs Energy XLE Defined Volatility ETF | 44.98% | — | Jul 2025 | MLPI vs DVXE |
Lowest Volatility Alternatives to MLPI
MLPI has 13.05% 1-year volatility. There are 5 ETFs in the Energy Equities category with lower 1-year volatility, going as low as 9.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ClearBridge Sustainable Infrastructure ETF | 9.00% | 12.46M | Dec 2022 | MLPI vs INFR | |
| Macquarie Global Listed Infrastructure ETF | 10.78% | 6.30M | Nov 2023 | MLPI vs BILD | |
| FT Energy Income Partners Strategy ETF | 11.17% | 523.56M | Nov 2022 | MLPI vs EIPX | |
| Bny Mellon Global Infrastructure Income ETF | 11.59% | 1.08B | Nov 2022 | MLPI vs BKGI | |
| Westwood Salient Enhanced Midstream Income ETF | 12.12% | 152.76M | Apr 2024 | MLPI vs MDST |
Lowest Drawdown Alternatives to MLPI
Among 54 ETFs in the Energy Equities category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -4.12%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Energy Income Partners Strategy ETF | -4.12% | 523.56M | Nov 2022 | MLPI vs EIPX | |
| iShares North American Natural Resources ETF | -5.54% | 803.30M | Oct 2001 | MLPI vs IGE | |
| Macquarie Global Listed Infrastructure ETF | -6.05% | 6.30M | Nov 2023 | MLPI vs BILD | |
| TrueShares Eagle Global Renewable Energy Income ET... | -6.06% | 7.72M | Dec 2022 | MLPI vs RNWZ | |
| Bny Mellon Global Infrastructure Income ETF | -6.16% | 1.08B | Nov 2022 | MLPI vs BKGI |
Other ETFs from Neos
The 10 most viewed Neos ETFs shown here include QQQI, SPYI, BTCI and span 8 categories. AUM among these funds goes as high as $12B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| NEOS Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income | 68 | 13.43% | 12.25B | Jan 2024 | MLPI vs QQQI | |
| NEOS S&P 500 High Income ETF | Derivative Income, S&P 500 | 71 | 7.72% | 10.07B | Aug 2022 | MLPI vs SPYI | |
| NEOS Bitcoin High Income ETF | Cryptocurrency, Derivative Income | 2 | -22.74% | 1.24B | Oct 2024 | MLPI vs BTCI | |
| NEOS Gold High Income ETF | Derivative Income, Gold | — | 1.64% | 462.95M | Jun 2025 | MLPI vs IAUI | |
| NEOS Russell 2000 High Income ETF | Derivative Income | 73 | 13.36% | 906.31M | Jun 2024 | MLPI vs IWMI | |
| Neos Enhanced Income Cash Alternative ETF | Ultrashort Bond | 99 | 2.26% | 1.28B | Aug 2022 | MLPI vs CSHI | |
| NEOS Nasdaq-100 Hedged Equity Income ETF | Nasdaq-100, Hedge Fund | 62 | 7.91% | 375.87M | Dec 2019 | MLPI vs QQQH | |
| NEOS Real Estate High Income ETF | Derivative Income | 23 | 4.08% | 272.46M | Jan 2025 | MLPI vs IYRI | |
| NEOS MSCI EAFE High Income ETF | Derivative Income | — | 5.84% | 166.96M | Sep 2025 | MLPI vs NIHI | |
| Neos Enhanced Income Aggregate Bond ETF | Intermediate Core-Plus Bond | 50 | 1.29% | 171.12M | Aug 2022 | MLPI vs BNDI |
Often Compared With MLPI
Investors most often compare MLPI with AMLP, XLEI, MLPX. These 20 comparison targets span 11 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