- Issuer
- Invesco
- Inception Date
- Feb 6, 2012
- Category
- MLPs
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
MLPLX Performance Chart
Invesco SteelPath MLP Alpha Plus Fund Class A (MLPLX) is up 28.0% since the beginning of the year. MLPLX is currently trading at $7 per share. Investors who bought $1,000 worth of MLPLX shares 5 years ago would now be looking at an investment worth $3,321.
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Returns By Period
Invesco SteelPath MLP Alpha Plus Fund Class A (MLPLX) has returned 28.00% so far this year and 30.57% over the past 12 months. Over the last ten years, MLPLX has returned 9.02% per year, falling short of the S&P 500 Index benchmark, which averaged 13.41% annually.
Invesco SteelPath MLP Alpha Plus Fund Class A
- 1D
- -1.08%
- 1M
- 1.56%
- 6M
- 27.16%
- YTD
- 28.00%
- 1Y
- 30.57%
- 3Y*
- 30.43%
- 5Y*
- 27.13%
- 10Y*
- 9.02%
Benchmark (S&P 500 Index)
- 1D
- 0.42%
- 1M
- 1.94%
- 6M
- 8.74%
- YTD
- 10.66%
- 1Y
- 21.02%
- 3Y*
- 19.50%
- 5Y*
- 11.63%
- 10Y*
- 13.41%
MLPLX Monthly Returns History
Based on dividend-adjusted daily data since Dec 30, 2011, MLPLX's average daily return is +0.05%, while the average monthly return is +1.05%. At this rate, an investment would double in approximately 5.5 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2020 with a return of +61.1%, while the worst month was Mar 2020 at -62.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, MLPLX closed higher 51% of trading days. The best single day was Mar 19, 2020 with a return of +25.5%, while the worst single day was Mar 9, 2020 at -37.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.65% | 10.36% | 2.84% | 3.25% | -4.04% | 2.44% | 2.27% | 28.00% | |||||
| 2025 | 7.29% | 1.96% | 0.10% | -9.94% | 1.19% | 4.09% | 0.82% | -0.84% | -2.02% | -3.62% | 6.79% | -0.34% | 4.36% |
| 2024 | 1.93% | 6.53% | 8.55% | -0.35% | 2.49% | 5.50% | 1.51% | 2.73% | -0.26% | 2.49% | 18.28% | -8.13% | 47.10% |
| 2023 | 7.72% | -2.29% | -1.05% | 2.96% | -5.46% | 7.79% | 6.25% | 1.01% | 2.70% | -0.64% | 7.14% | -2.50% | 25.02% |
| 2022 | 14.52% | 6.85% | 5.87% | -1.38% | 8.24% | -17.42% | 16.12% | 3.64% | -12.41% | 17.67% | 2.72% | -4.94% | 38.31% |
| 2021 | 4.52% | 9.23% | 7.59% | 9.26% | 11.25% | 5.96% | -6.99% | -0.33% | 4.01% | 6.35% | -8.05% | 4.03% | 55.18% |
Benchmark Metrics
Invesco SteelPath MLP Alpha Plus Fund Class A has an annualized alpha of -2.33%, beta of 1.06, and R2 of 0.27 versus S&P 500 Index. Calculated based on daily prices since December 30, 2011.
- This fund participated in 136.25% of S&P 500 Index downside but only 103.19% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.27 means this fund 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
- -2.33%
- Beta
- 1.06
- R²
- 0.27
- Upside Capture
- 103.19%
- Downside Capture
- 136.25%
Expense Ratio
MLPLX has a high expense ratio of 17.25%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MLPLX ranks 67 for risk / return — better than 67% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco SteelPath MLP Alpha Plus Fund Class A (MLPLX) 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.
| MLPLX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.30 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 2.28 | +1.23 |
| Martin ratioReturn relative to average drawdown | 8.63 | 9.88 | -1.25 |
Dividends
Dividend History
Invesco SteelPath MLP Alpha Plus Fund Class A provided a 4.94% dividend yield over the last twelve months, with an annual payout of $0.36 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.36 | $0.34 | $0.26 | $0.25 | $0.25 | $0.25 | $0.45 | $0.66 | $0.66 | $0.66 | $0.66 | $0.66 |
Dividend yield | 4.94% | 5.70% | 4.42% | 5.92% | 6.79% | 8.75% | 22.54% | 14.33% | 13.67% | 9.68% | 7.88% | 9.20% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco SteelPath MLP Alpha Plus Fund Class A. 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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.22 | |||||
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.00 | $0.34 |
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.00 | $0.03 | $0.03 | $0.03 | $0.05 | $0.00 | $0.26 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.00 | $0.25 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.00 | $0.25 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.00 | $0.25 |
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 Invesco SteelPath MLP Alpha Plus Fund Class A. 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 Invesco SteelPath MLP Alpha Plus Fund Class A was 88.76%, occurring on Mar 18, 2020. Recovery took 1092 trading sessions.
The current Invesco SteelPath MLP Alpha Plus Fund Class A drawdown is 3.57%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -88.76%Mar 2020 | 5y 6mo | 4y 4mo | 9y 10moSep 2014 - Jul 2024 |
2025 selloff2025 | -19.55%Apr 2025 | 2mo 16d | 9mo 25d | 1y 6dJan 2025 - Jan 2026 |
2024 correction2024 | -11.35%Dec 2024 | 16d | 29d | 1mo 15dDec 2024 - Jan 2025 |
2012 pullback2012 | -9.78%Jun 2012 | 3mo 8d | 2mo 3d | 5mo 11dFeb 2012 - Aug 2012 |
2026 pullback2026 | -8.19%Jun 2026 | 28d | — | 1mo 24dMay 2026 - now |
Drawdown Indicators
| MLPLX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.76% | -56.78% | -31.98% |
Max Drawdown (1Y)Largest decline over 1 year | -8.86% | -9.10% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -19.55% | -18.90% | -0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -27.21% | -25.43% | -1.78% |
Max Drawdown (10Y)Largest decline over 10 years | -85.02% | -33.92% | -51.10% |
Current DrawdownCurrent decline from peak | -3.57% | -0.45% | -3.12% |
Average DrawdownAverage peak-to-trough decline | -28.82% | -10.71% | -18.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 2.09% | +1.50% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with MLPLX
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