MLPNX Alternatives & Similar Mutual Funds

Invesco SteelPath MLP Alpha Plus Fund (MLPNX) belongs to the Energy Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MLPNX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to MLPNX

MLPNX charges 1.34% annually. There are 67 mutual funds in the Energy Equities category with lower expense ratios, going as low as 0.10%.

Symbol	Name	Expense Ratio	AUM	Inception
VENAX	Vanguard Energy Index Fund Admiral Shares	0.10%	11.00B	Oct 2004	MLPNX vs VENAX
VGELX	Vanguard Energy Opportunities Fund Admiral Shares	0.37%	6.90B	Nov 2001	MLPNX vs VGELX
VGENX	Vanguard Energy Opportunities Fund Investor Shares	0.45%	6.90B	May 1984	MLPNX vs VGENX
FMGIX	Frontier MFG Core Infrastructure Fund	0.50%	—	Jan 2012	MLPNX vs FMGIX
PRNEX	T. Rowe Price New Era Fund	0.56%	—	Jan 1969	MLPNX vs PRNEX

Best Risk-Adjusted Alternatives to MLPNX

MLPNX has a PortfoliosLab risk / return rank of 77. There are 31 mutual funds in the Energy Equities category with higher risk-adjusted ranks, going as high as 96.

Symbol	Name	Risk / Return Rank	AUM	Inception
RSNRX	Victory Global Energy Transition Fund	96	—	Nov 1995	MLPNX vs RSNRX
RSNYX	Victory Global Energy Transition Fund Class Y	96	—	May 2007	MLPNX vs RSNYX
IEYYX	Delaware Ivy Energy Fund	92	—	Apr 2006	MLPNX vs IEYYX
RMLPX	Recurrent MLP & Infrastructure Fund	92	—	Nov 2017	MLPNX vs RMLPX
VGELX	Vanguard Energy Opportunities Fund Admiral Shares	91	6.90B	Nov 2001	MLPNX vs VGELX

Top Performing MLPNX Alternatives (YTD)

MLPNX is at 32.54% YTD. There are 10 mutual funds in the Energy Equities category with higher YTD returns, going as high as 53.27%.

Symbol	Name	YTD Return	AUM	Inception
OEPIX	Oil Equipment & Services UltraSector ProFund	53.27%	—	Jun 2006	MLPNX vs OEPIX
FSENX	Fidelity Select Energy Portfolio	39.98%	—	Jul 1981	MLPNX vs FSENX
RMLPX	Recurrent MLP & Infrastructure Fund	39.48%	—	Nov 2017	MLPNX vs RMLPX
GAGEX	Guinness Atkinson Global Energy Fund	36.50%	—	Jun 2004	MLPNX vs GAGEX
VENAX	Vanguard Energy Index Fund Admiral Shares	35.05%	11.00B	Oct 2004	MLPNX vs VENAX

Lowest Volatility Alternatives to MLPNX

MLPNX has 16.76% 1-year volatility. There are 48 mutual funds in the Energy Equities category with lower 1-year volatility, going as low as 7.12%.

Symbol	Name	Volatility 1Y	AUM	Inception
PAXDX	Pax Global Sustainable Infrastructure Fund	7.12%	—	Dec 2016	MLPNX vs PAXDX
SBMBX	Saratoga Energy & Basic Materials Fund	9.77%	—	Oct 1997	MLPNX vs SBMBX
JEEIX	JHancock Infrastructure Fund	9.99%	—	Dec 2013	MLPNX vs JEEIX
DHIVX	Centre Global Infrastructure Fund	10.12%	—	Jan 2018	MLPNX vs DHIVX
CSUIX	Cohen & Steers Global Infrastructure Fund, Inc.	10.13%	—	May 2004	MLPNX vs CSUIX

Lowest Drawdown Alternatives to MLPNX

MLPNX has a 1-year max drawdown of -8.47%. There are 39 mutual funds in the Energy Equities category with shallower 1-year drawdowns, going as shallow as -4.49%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
PAXDX	Pax Global Sustainable Infrastructure Fund	-4.49%	—	Dec 2016	MLPNX vs PAXDX
EIPIX	EIP Growth and Income Fund	-4.51%	—	Aug 2006	MLPNX vs EIPIX
GGINX	Goldman Sachs Global Infrastructure Fund	-5.59%	—	Jun 2016	MLPNX vs GGINX
SBMBX	Saratoga Energy & Basic Materials Fund	-5.66%	—	Oct 1997	MLPNX vs SBMBX
MLPOX	Invesco SteelPath MLP Alpha Fund	-5.93%	—	Mar 2010	MLPNX vs MLPOX

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
IVNQX	Invesco Nasdaq 100 Index Fund	Large Cap Growth Equities	36	12.16%	—	Oct 2020	MLPNX vs IVNQX
VADAX	Invesco Equally-Weighted S&P 500 Fund Class A	Large Cap Blend Equities	65	12.90%	—	Jul 1997	MLPNX vs VADAX
OPGSX	Invesco Gold & Special Minerals Fund	Gold, Precious Metals	27	-11.62%	—	Jul 1983	MLPNX vs OPGSX
VAFAX	Invesco American Franchise Fund Class A	Large Cap Growth Equities	8	3.77%	—	Jun 2005	MLPNX vs VAFAX
VVOAX	Invesco Value Opportunities Fund	Mid Cap Value Equities	70	14.99%	—	Jun 2001	MLPNX vs VVOAX
ACSTX	Invesco Comstock Fund	Large Cap Value Equities	84	13.00%	—	Oct 1968	MLPNX vs ACSTX
VSCAX	Invesco Small Cap Value Fund	Small Cap Value Equities	76	22.92%	—	Jun 1999	MLPNX vs VSCAX
MSIGX	Invesco Main Street Fund	Large Cap Blend Equities	32	6.96%	—	Feb 1988	MLPNX vs MSIGX
ACEIX	Invesco Equity and Income Fund	Diversified Portfolio	76	7.85%	—	Aug 1960	MLPNX vs ACEIX
VADDX	Invesco Equally-Weighted S&P 500 Fund	S&P 500	66	13.07%	—	Jul 1997	MLPNX vs VADDX

Often Compared With MLPNX

Investors most often compare MLPNX with ^GSPC, PSPFX, PFFA. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
^GSPC	S&P 500 Index		79	11.03%	—	—	MLPNX vs ^GSPC
PSPFX	U.S. Global Investors Global Resources Fund	Energy Equities	53	-4.83%	—	Aug 1983	MLPNX vs PSPFX
PFFA	Virtus InfraCap U.S. Preferred Stock ETF	Preferred Stock	33	1.89%	2.45B	May 2018	MLPNX vs PFFA
SPY	State Street SPDR S&P 500 ETF	S&P 500	78	11.70%	789.06B	Jan 1993	MLPNX vs SPY
RYEIX	Rydex Energy Fund	Energy Equities	77	31.71%	—	Apr 1998	MLPNX vs RYEIX
MDT	Medtronic plc		42	-8.21%	—	—	MLPNX vs MDT
OPPAX	Invesco Global Fund	Global Equities	15	3.45%	—	Dec 1969	MLPNX vs OPPAX
GRHIX	Goehring & Rozencwajg Resources Fund	Energy Equities	52	6.31%	—	Dec 2016	MLPNX vs GRHIX
GOFIX	GMO Resources Fund	Energy Equities	83	21.55%	—	Dec 2011	MLPNX vs GOFIX
AIFRX	abrdn Global Infrastructure Fund	Infrastructure Equities, Energy Equities	82	13.24%	—	Nov 2008	MLPNX vs AIFRX
RGIYX	Russell Investments Global Infrastructure Fund	Infrastructure Equities, Energy Equities	64	10.56%	—	Sep 2010	MLPNX vs RGIYX
BGLYX	Brookfield Global Listed Infrastructure Fund	Infrastructure Equities, Energy Equities	62	10.93%	—	Nov 2011	MLPNX vs BGLYX
RYVIX	Rydex Energy Services Fund	Energy Equities	77	34.11%	—	Mar 1998	MLPNX vs RYVIX
FGIYX	Nuveen Global Infrastructure Fund	Infrastructure Equities, Energy Equities	59	11.86%	—	Dec 2007	MLPNX vs FGIYX
FRNRX	Franklin Natural Resources Fund	Energy Equities	90	19.08%	—	Jun 1995	MLPNX vs FRNRX
FSTEX	Invesco Energy Fund	Energy Equities	74	34.11%	—	Jan 1984	MLPNX vs FSTEX
IGNAX	Delaware Ivy Natural Resources Fund	Energy Equities	87	14.74%	—	Jan 1997	MLPNX vs IGNAX
MLOZX	Cohen & Steers MLP & Energy Opportunity Fund, Inc.	Energy Equities	—	—	—	Dec 2013	MLPNX vs MLOZX
PGJZX	PGIM Jennison Global Infrastructure Fund	Infrastructure Equities, Energy Equities	40	8.24%	—	Sep 2013	MLPNX vs PGJZX
MLXIX	Catalyst Energy Infrastructure Fund	Infrastructure Equities, Energy Equities	22	33.21%	—	Dec 2014	MLPNX vs MLXIX

Compare MLPNX with Any Fund or Stock

Compare MLPNX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair MLPNX with funds that move differently

Invesco SteelPath MLP Alpha Plus Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MLPNX.

Explore MLPNX Diversifiers

Invesco SteelPath MLP Alpha Plus Fund (MLPNX) Alternatives