Invesco SteelPath MLP Alpha Fund (MLPOX) 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 MLPOX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MLPOX
MLPOX charges 1.29% annually. There are 64 mutual funds in the Energy Equities category with lower expense ratios, going as low as 0.09%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Energy Index Fund Admiral Shares | 0.09% | 11.00B | Oct 2004 | MLPOX vs VENAX | |
| Vanguard Energy Opportunities Fund Admiral Shares | 0.37% | 6.90B | Nov 2001 | MLPOX vs VGELX | |
| Vanguard Energy Opportunities Fund Investor Shares | 0.45% | 6.90B | May 1984 | MLPOX vs VGENX | |
| Frontier MFG Core Infrastructure Fund | 0.50% | — | Jan 2012 | MLPOX vs FMGIX | |
| T. Rowe Price New Era Fund | 0.56% | — | Jan 1969 | MLPOX vs PRNEX |
Best Risk-Adjusted Alternatives to MLPOX
MLPOX has a PortfoliosLab risk / return rank of 80. There are 24 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 | MLPOX vs RSNYX | |
| Victory Global Energy Transition Fund | 96 | — | Nov 1995 | MLPOX vs RSNRX | |
| Delaware Ivy Energy Fund | 92 | — | Apr 2006 | MLPOX vs IEYYX | |
| Recurrent MLP & Infrastructure Fund | 92 | — | Nov 2017 | MLPOX vs RMLPX | |
| Vanguard Energy Opportunities Fund Admiral Shares | 91 | 6.90B | Nov 2001 | MLPOX vs VGELX |
Top Performing MLPOX Alternatives (YTD)
MLPOX is at 22.76% YTD. There are 39 mutual funds in the Energy Equities category with higher YTD returns, going as high as 53.27%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Oil Equipment & Services UltraSector ProFund | 53.27% | — | Jun 2006 | MLPOX vs OEPIX | |
| Fidelity Select Energy Portfolio | 39.98% | — | Jul 1981 | MLPOX vs FSENX | |
| Recurrent MLP & Infrastructure Fund | 39.48% | — | Nov 2017 | MLPOX vs RMLPX | |
| Guinness Atkinson Global Energy Fund | 37.53% | — | Jun 2004 | MLPOX vs GAGEX | |
| Vanguard Energy Index Fund Admiral Shares | 35.05% | 11.00B | Oct 2004 | MLPOX vs VENAX |
Lowest Volatility Alternatives to MLPOX
MLPOX has 11.74% 1-year volatility. There are 16 mutual funds in the Energy Equities category with lower 1-year volatility, going as low as 7.12%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Pax Global Sustainable Infrastructure Fund | 7.12% | — | Dec 2016 | MLPOX vs PAXDX | |
| Saratoga Energy & Basic Materials Fund | 9.77% | — | Oct 1997 | MLPOX vs SBMBX | |
| JHancock Infrastructure Fund | 9.99% | — | Dec 2013 | MLPOX vs JEEIX | |
| Centre Global Infrastructure Fund | 10.12% | — | Jan 2018 | MLPOX vs DHIVX | |
| Cohen & Steers Global Infrastructure Fund, Inc. | 10.13% | — | May 2004 | MLPOX vs CSUIX |
Lowest Drawdown Alternatives to MLPOX
MLPOX has a 1-year max drawdown of -5.93%. There are 4 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 | MLPOX vs PAXDX | |
| EIP Growth and Income Fund | -4.51% | — | Aug 2006 | MLPOX vs EIPIX | |
| Goldman Sachs Global Infrastructure Fund | -5.59% | — | Jun 2016 | MLPOX vs GGINX | |
| Saratoga Energy & Basic Materials Fund | -5.66% | — | Oct 1997 | MLPOX vs SBMBX | |
| Cohen & Steers Global Infrastructure Fund, Inc. | -5.96% | — | May 2004 | MLPOX vs CSUIX |
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 | 36 | 12.16% | — | Oct 2020 | MLPOX vs IVNQX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | Large Cap Blend Equities | 65 | 12.90% | — | Jul 1997 | MLPOX vs VADAX | |
| Invesco Gold & Special Minerals Fund | Gold, Precious Metals | 27 | -11.62% | — | Jul 1983 | MLPOX vs OPGSX | |
| Invesco American Franchise Fund Class A | Large Cap Growth Equities | 8 | 3.77% | — | Jun 2005 | MLPOX vs VAFAX | |
| Invesco Value Opportunities Fund | Mid Cap Value Equities | 70 | 14.99% | — | Jun 2001 | MLPOX vs VVOAX | |
| Invesco Comstock Fund | Large Cap Value Equities | 84 | 13.00% | — | Oct 1968 | MLPOX vs ACSTX | |
| Invesco Small Cap Value Fund | Small Cap Value Equities | 76 | 22.92% | — | Jun 1999 | MLPOX vs VSCAX | |
| Invesco Main Street Fund | Large Cap Blend Equities | 32 | 6.96% | — | Feb 1988 | MLPOX vs MSIGX | |
| Invesco Equity and Income Fund | Diversified Portfolio | 76 | 7.85% | — | Aug 1960 | MLPOX vs ACEIX | |
| Invesco Equally-Weighted S&P 500 Fund | S&P 500 | 66 | 13.07% | — | Jul 1997 | MLPOX vs VADDX |
Often Compared With MLPOX
Investors most often compare MLPOX with FRNRX, AIFRX, RGIYX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare MLPOX with Any Fund or Stock
Compare MLPOX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MLPOX with funds that move differently
Invesco SteelPath MLP Alpha Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MLPOX.
Explore MLPOX Diversifiers