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 63 mutual funds in the Energy Equities category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Energy Index Fund Admiral Shares | 0.10% | 11.80B | Oct 2004 | MLPNX vs VENAX | |
| Vanguard Energy Fund Admiral Shares | 0.33% | 7.10B | Nov 2001 | MLPNX vs VGELX | |
| Vanguard Energy Opportunities Fund Investor Shares | 0.45% | 7.10B | May 1984 | MLPNX vs VGENX | |
| Frontier MFG Core Infrastructure Fund | 0.50% | — | Jan 2012 | MLPNX vs FMGIX | |
| 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 38. There are 54 mutual funds in the Energy Equities category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Global Energy Transition Fund Class Y | 96 | — | May 2007 | MLPNX vs RSNYX | |
| Victory Global Energy Transition Fund | 96 | — | Nov 1995 | MLPNX vs RSNRX | |
| Cohen & Steers MLP & Energy Opportunity Fund, Inc. | 95 | — | Dec 2013 | MLPNX vs MLOZX | |
| Delaware Ivy Energy Fund | 93 | — | Apr 2006 | MLPNX vs IEYYX | |
| GMO Resources Fund | 86 | — | Dec 2011 | MLPNX vs GOFIX |
Top Performing MLPNX Alternatives (YTD)
MLPNX is at 23.08% YTD. There are 19 mutual funds in the Energy Equities category with higher YTD returns, going as high as 61.97%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Oil Equipment & Services UltraSector ProFund | 61.97% | — | Jun 2006 | MLPNX vs OEPIX | |
| Rydex Energy Services Fund | 37.59% | — | Mar 1998 | MLPNX vs RYVIX | |
| Victory Global Energy Transition Fund Class Y | 34.31% | — | May 2007 | MLPNX vs RSNYX | |
| Victory Global Energy Transition Fund | 34.09% | — | Nov 1995 | MLPNX vs RSNRX | |
| Cohen & Steers MLP & Energy Opportunity Fund, Inc. | 32.43% | — | Dec 2013 | MLPNX vs MLOZX |
Lowest Volatility Alternatives to MLPNX
MLPNX has 16.48% 1-year volatility. There are 47 mutual funds in the Energy Equities category with lower 1-year volatility, going as low as 7.94%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Pax Global Sustainable Infrastructure Fund | 7.94% | — | Dec 2016 | MLPNX vs PAXDX | |
| Cohen & Steers Global Infrastructure Fund, Inc. | 9.87% | — | May 2004 | MLPNX vs CSUIX | |
| JHancock Infrastructure Fund | 9.87% | — | Dec 2013 | MLPNX vs JEEIX | |
| Centre Global Infrastructure Fund | 9.96% | — | Jan 2018 | MLPNX vs DHIVX | |
| EIP Growth and Income Fund (NEW) | 9.97% | — | Aug 2006 | MLPNX vs EIPIX |
Lowest Drawdown Alternatives to MLPNX
MLPNX has a 1-year max drawdown of -8.89%. There are 49 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 | |
|---|---|---|---|---|---|
| Pax Global Sustainable Infrastructure Fund | -4.49% | — | Dec 2016 | MLPNX vs PAXDX | |
| EIP Growth and Income Fund (NEW) | -4.51% | — | Aug 2006 | MLPNX vs EIPIX | |
| Cohen & Steers MLP & Energy Opportunity Fund, Inc. | -4.71% | — | Dec 2013 | MLPNX vs MLOZX | |
| Centre Global Infrastructure Fund | -5.29% | — | Jan 2018 | MLPNX vs DHIVX | |
| Delaware Ivy Energy Fund | -5.56% | — | Apr 2006 | MLPNX vs IEYYX |
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 | 71 | 20.39% | — | Oct 2020 | MLPNX vs IVNQX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | Large Cap Blend Equities | 43 | 10.14% | — | — | MLPNX vs VADAX | |
| Invesco Gold & Special Minerals Fund | Gold, Precious Metals | 23 | -3.25% | — | Jul 1983 | MLPNX vs OPGSX | |
| Invesco American Franchise Fund Class A | Large Cap Growth Equities | 16 | 9.63% | — | Jun 2005 | MLPNX vs VAFAX | |
| Invesco Value Opportunities Fund | Mid Cap Value Equities | 85 | 24.13% | — | Jun 2001 | MLPNX vs VVOAX | |
| Invesco Comstock Fund | Large Cap Value Equities | 63 | 10.38% | — | Oct 1968 | MLPNX vs ACSTX | |
| Invesco Small Cap Value Fund | Small Cap Value Equities | 89 | 32.95% | — | Jun 1999 | MLPNX vs VSCAX | |
| Invesco Main Street Fund | Large Cap Blend Equities | 36 | 5.31% | — | Feb 1988 | MLPNX vs MSIGX | |
| Invesco Equity and Income Fund | Diversified Portfolio | 63 | 6.66% | — | Aug 1960 | MLPNX vs ACEIX | |
| Invesco Global Fund | Global Equities | 26 | 9.69% | — | Dec 1969 | MLPNX vs OPPAX |
Often Compared With MLPNX
Investors most often compare MLPNX with ^GSPC, PFFA, SPY. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare MLPNX with Any Fund or Stock
Compare MLPNX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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