Invesco SteelPath MLP Alpha Plus Fund Class A (MLPLX) belongs to the MLPs category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MLPLX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MLPLX
MLPLX charges 17.25% annually. There are 8 mutual funds in the MLPs category with lower expense ratios, going as low as 1.11%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Goldman Sachs Energy Infrastructure Fund Class P | 1.11% | — | Apr 2018 | MLPLX vs GAMPX | |
| Invesco SteelPath MLP Alpha Fund Class A | 1.54% | — | Mar 2010 | MLPLX vs MLPAX | |
| Hennessy Midstream Fund Investor Class | 1.75% | — | Dec 2013 | MLPLX vs HMSFX | |
| Neuberger Berman MLP | 2.72% | — | Mar 2013 | MLPLX vs NML | |
| Tortoise Energy Infrastructure Closed Fund | 2.90% | — | — | MLPLX vs TYG |
Best Risk-Adjusted Alternatives to MLPLX
MLPLX has a PortfoliosLab risk / return rank of 37. There are 4 mutual funds in the MLPs category with higher risk-adjusted ranks, going as high as 51.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco SteelPath MLP Select 40 Fund Class A | 51 | — | Mar 2010 | MLPLX vs MLPFX | |
| Goldman Sachs Energy Infrastructure Fund Class P | 44 | — | Apr 2018 | MLPLX vs GAMPX | |
| Invesco SteelPath MLP Income Fund Class A | 42 | — | Mar 2010 | MLPLX vs MLPDX | |
| Invesco SteelPath MLP Alpha Fund Class A | 37 | — | Mar 2010 | MLPLX vs MLPAX | |
| Neuberger Berman MLP | 21 | — | Mar 2013 | MLPLX vs NML |
Top Performing MLPLX Alternatives (YTD)
MLPLX is at 22.03% YTD. No mutual funds in the MLPs category have higher YTD returns; the top-performing alternatives shown here go as high as 20.86%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Goldman Sachs Energy Infrastructure Fund Class P | 20.86% | — | Apr 2018 | MLPLX vs GAMPX | |
| Invesco SteelPath MLP Select 40 Fund Class A | 20.33% | — | Mar 2010 | MLPLX vs MLPFX | |
| Neuberger Berman MLP | 18.43% | — | Mar 2013 | MLPLX vs NML | |
| Invesco SteelPath MLP Income Fund Class A | 16.34% | — | Mar 2010 | MLPLX vs MLPDX | |
| Invesco SteelPath MLP Alpha Fund Class A | 15.55% | — | Mar 2010 | MLPLX vs MLPAX |
Lowest Volatility Alternatives to MLPLX
MLPLX has 16.36% 1-year volatility. There are 5 mutual funds in the MLPs category with lower 1-year volatility, going as low as 11.37%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco SteelPath MLP Alpha Fund Class A | 11.37% | — | Mar 2010 | MLPLX vs MLPAX | |
| Invesco SteelPath MLP Income Fund Class A | 11.71% | — | Mar 2010 | MLPLX vs MLPDX | |
| Invesco SteelPath MLP Select 40 Fund Class A | 12.71% | — | Mar 2010 | MLPLX vs MLPFX | |
| Goldman Sachs Energy Infrastructure Fund Class P | 14.61% | — | Apr 2018 | MLPLX vs GAMPX | |
| Hennessy Midstream Fund Investor Class | 14.86% | — | Dec 2013 | MLPLX vs HMSFX |
Lowest Drawdown Alternatives to MLPLX
MLPLX has a 1-year max drawdown of -8.86%. There are 5 mutual funds in the MLPs category with shallower 1-year drawdowns, going as shallow as -6.06%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco SteelPath MLP Alpha Fund Class A | -6.06% | — | Mar 2010 | MLPLX vs MLPAX | |
| Hennessy Midstream Fund Investor Class | -6.98% | — | Dec 2013 | MLPLX vs HMSFX | |
| Invesco SteelPath MLP Income Fund Class A | -7.23% | — | Mar 2010 | MLPLX vs MLPDX | |
| Goldman Sachs Energy Infrastructure Fund Class P | -7.23% | — | Apr 2018 | MLPLX vs GAMPX | |
| Invesco SteelPath MLP Select 40 Fund Class A | -7.40% | — | Mar 2010 | MLPLX vs MLPFX |
Other Mutual Funds from Invesco
The 10 most viewed Invesco mutual funds shown here include IVNQX, VADAX, OPGSX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco Nasdaq 100 Index Fund | Large Cap Growth Equities | 70 | 20.62% | — | Oct 2020 | MLPLX vs IVNQX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | Large Cap Blend Equities | 43 | 9.99% | — | — | MLPLX vs VADAX | |
| Invesco Gold & Special Minerals Fund | Gold, Precious Metals | 23 | -2.24% | — | Jul 1983 | MLPLX vs OPGSX | |
| Invesco Value Opportunities Fund | Mid Cap Value Equities | 81 | 22.51% | — | Jun 2001 | MLPLX vs VVOAX | |
| Invesco American Franchise Fund Class A | Large Cap Growth Equities | 15 | 9.88% | — | Jun 2005 | MLPLX vs VAFAX | |
| Invesco Comstock Fund | Large Cap Value Equities | 60 | 9.89% | — | Oct 1968 | MLPLX vs ACSTX | |
| Invesco Main Street Fund | Large Cap Blend Equities | 38 | 6.00% | — | Feb 1988 | MLPLX vs MSIGX | |
| Invesco Small Cap Value Fund | Small Cap Value Equities | 87 | 31.37% | — | Jun 1999 | MLPLX vs VSCAX | |
| Invesco Equity and Income Fund | Diversified Portfolio | 61 | 6.48% | — | Aug 1960 | MLPLX vs ACEIX | |
| Invesco Global Fund | Global Equities | 26 | 10.72% | — | Dec 1969 | MLPLX vs OPPAX |
Often Compared With MLPLX
Investors most often compare MLPLX with EMO, VADDX. These 2 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ClearBridge Energy Midstream Opportunity Fund | MLPs, Energy Equities | 18 | 14.85% | — | Jun 2011 | MLPLX vs EMO | |
| Invesco Equally-Weighted S&P 500 Fund | S&P 500 | 44 | 10.12% | — | Jul 1997 | MLPLX vs VADDX |
Compare MLPLX with Any Fund or Stock
Compare MLPLX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MLPLX with funds that move differently
Invesco SteelPath MLP Alpha Plus Fund Class A alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MLPLX.
Explore MLPLX Diversifiers