Invesco SteelPath MLP Select 40 Fund (MLPTX) 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 MLPTX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MLPTX
MLPTX charges 0.85% annually. There are 13 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 | MLPTX vs VENAX | |
| Vanguard Energy Fund Admiral Shares | 0.33% | 7.10B | Nov 2001 | MLPTX vs VGELX | |
| Vanguard Energy Opportunities Fund Investor Shares | 0.45% | 7.10B | May 1984 | MLPTX vs VGENX | |
| Frontier MFG Core Infrastructure Fund | 0.50% | — | Jan 2012 | MLPTX vs FMGIX | |
| T. Rowe Price New Era Fund | 0.56% | — | Jan 1969 | MLPTX vs PRNEX |
Best Risk-Adjusted Alternatives to MLPTX
MLPTX has a PortfoliosLab risk / return rank of 82. There are 9 mutual funds in the Energy Equities category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Cohen & Steers MLP & Energy Opportunity Fund, Inc. | 97 | — | Dec 2013 | MLPTX vs MLOZX | |
| Victory Global Energy Transition Fund Class Y | 94 | — | May 2007 | MLPTX vs RSNYX | |
| Victory Global Energy Transition Fund | 94 | — | Nov 1995 | MLPTX vs RSNRX | |
| Delaware Ivy Energy Fund | 88 | — | Apr 2006 | MLPTX vs IEYYX | |
| EIP Growth and Income Fund (NEW) | 88 | — | Aug 2006 | MLPTX vs EIPIX |
Top Performing MLPTX Alternatives (YTD)
MLPTX is at 23.91% YTD. There are 28 mutual funds in the Energy Equities category with higher YTD returns, going as high as 55.57%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Oil Equipment & Services UltraSector ProFund | 55.57% | — | Jun 2006 | MLPTX vs OEPIX | |
| NXG Cushing® Midstream Energy Fund | 36.07% | — | Aug 2007 | MLPTX vs SRV | |
| Rydex Energy Services Fund | 34.99% | — | Mar 1998 | MLPTX vs RYVIX | |
| Recurrent MLP & Infrastructure Fund | 33.65% | — | Nov 2017 | MLPTX vs RMLPX | |
| Cohen & Steers MLP & Energy Opportunity Fund, Inc. | 32.43% | — | Dec 2013 | MLPTX vs MLOZX |
Lowest Volatility Alternatives to MLPTX
MLPTX has 13.08% 1-year volatility. There are 23 mutual funds in the Energy Equities category with lower 1-year volatility, going as low as 7.65%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Pax Global Sustainable Infrastructure Fund | 7.65% | — | Dec 2016 | MLPTX vs PAXDX | |
| Saratoga Energy & Basic Materials Fund | 9.77% | — | Oct 1997 | MLPTX vs SBMBX | |
| JHancock Infrastructure Fund | 10.04% | — | Dec 2013 | MLPTX vs JEEIX | |
| Cohen & Steers Global Infrastructure Fund, Inc. | 10.09% | — | May 2004 | MLPTX vs CSUIX | |
| Centre Global Infrastructure Fund | 10.15% | — | Jan 2018 | MLPTX vs DHIVX |
Lowest Drawdown Alternatives to MLPTX
MLPTX has a 1-year max drawdown of -7.36%. There are 32 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 | MLPTX vs PAXDX | |
| EIP Growth and Income Fund (NEW) | -4.51% | — | Aug 2006 | MLPTX vs EIPIX | |
| Cohen & Steers MLP & Energy Opportunity Fund, Inc. | -4.71% | — | Dec 2013 | MLPTX vs MLOZX | |
| Goldman Sachs Global Infrastructure Fund | -5.59% | — | Jun 2016 | MLPTX vs GGINX | |
| Saratoga Energy & Basic Materials Fund | -5.66% | — | Oct 1997 | MLPTX vs SBMBX |
Other Mutual Funds from Invesco
The 10 most viewed Invesco mutual funds shown here include IVNQX, VADAX, VAFAX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco Nasdaq 100 Index Fund | Large Cap Growth Equities | 59 | 18.33% | — | Oct 2020 | MLPTX vs IVNQX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | Large Cap Blend Equities | 44 | 12.58% | — | — | MLPTX vs VADAX | |
| Invesco American Franchise Fund Class A | Large Cap Growth Equities | 12 | 8.27% | — | Jun 2005 | MLPTX vs VAFAX | |
| Invesco Gold & Special Minerals Fund | Gold, Precious Metals | 25 | -10.19% | — | Jul 1983 | MLPTX vs OPGSX | |
| Invesco Value Opportunities Fund | Mid Cap Value Equities | 80 | 20.03% | — | Jun 2001 | MLPTX vs VVOAX | |
| Invesco Comstock Fund | Large Cap Value Equities | 68 | 12.28% | — | Oct 1968 | MLPTX vs ACSTX | |
| Invesco Main Street Fund | Large Cap Blend Equities | 35 | 7.85% | — | Feb 1988 | MLPTX vs MSIGX | |
| Invesco Small Cap Value Fund | Small Cap Value Equities | 79 | 27.70% | — | Jun 1999 | MLPTX vs VSCAX | |
| Invesco Equity and Income Fund | Diversified Portfolio | 66 | 7.57% | — | Aug 1960 | MLPTX vs ACEIX | |
| Invesco Global Fund | Global Equities | 19 | 8.22% | — | Dec 1969 | MLPTX vs OPPAX |
Often Compared With MLPTX
Investors most often compare MLPTX with GLD, FSELX, PGJZX. These 19 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare MLPTX with Any Fund or Stock
Compare MLPTX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MLPTX with funds that move differently
Invesco SteelPath MLP Select 40 Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MLPTX.
Explore MLPTX Diversifiers