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 14 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% | 11.00B | Oct 2004 | MLPTX vs VENAX | |
| Vanguard Energy Opportunities Fund Admiral Shares | 0.37% | 6.90B | Nov 2001 | MLPTX vs VGELX | |
| Vanguard Energy Opportunities Fund Investor Shares | 0.45% | 6.90B | 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 87. There are 7 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 | 96 | — | Nov 1995 | MLPTX vs RSNRX | |
| Victory Global Energy Transition Fund Class Y | 96 | — | May 2007 | MLPTX vs RSNYX | |
| Recurrent MLP & Infrastructure Fund | 92 | — | Nov 2017 | MLPTX vs RMLPX | |
| Vanguard Energy Opportunities Fund Admiral Shares | 91 | 6.90B | Nov 2001 | MLPTX vs VGELX | |
| Franklin Natural Resources Fund | 91 | — | Jun 1995 | MLPTX vs FRNRX |
Top Performing MLPTX Alternatives (YTD)
MLPTX is at 25.27% YTD. There are 24 mutual funds in the Energy Equities category with higher YTD returns, going as high as 46.27%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Oil Equipment & Services UltraSector ProFund | 46.27% | — | Jun 2006 | MLPTX vs OEPIX | |
| Recurrent MLP & Infrastructure Fund | 39.36% | — | Nov 2017 | MLPTX vs RMLPX | |
| Fidelity Select Energy Portfolio | 38.84% | — | Jul 1981 | MLPTX vs FSENX | |
| Guinness Atkinson Global Energy Fund | 36.50% | — | Jun 2004 | MLPTX vs GAGEX | |
| Vanguard Energy Index Fund Admiral Shares | 33.62% | 11.00B | Oct 2004 | MLPTX vs VENAX |
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 7.12%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Pax Global Sustainable Infrastructure Fund | 7.12% | — | Dec 2016 | MLPTX vs PAXDX | |
| Saratoga Energy & Basic Materials Fund | 9.77% | — | Oct 1997 | MLPTX vs SBMBX | |
| JHancock Infrastructure Fund | 9.99% | — | Dec 2013 | MLPTX vs JEEIX | |
| Centre Global Infrastructure Fund | 10.11% | — | Jan 2018 | MLPTX vs DHIVX | |
| Cohen & Steers Global Infrastructure Fund, Inc. | 10.13% | — | May 2004 | MLPTX vs CSUIX |
Lowest Drawdown Alternatives to MLPTX
MLPTX has a 1-year max drawdown of -7.36%. There are 30 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 | -4.51% | — | Aug 2006 | MLPTX vs EIPIX | |
| Goldman Sachs Global Infrastructure Fund | -5.59% | — | Jun 2016 | MLPTX vs GGINX | |
| Saratoga Energy & Basic Materials Fund | -5.66% | — | Oct 1997 | MLPTX vs SBMBX | |
| Invesco SteelPath MLP Alpha Fund | -5.93% | — | Mar 2010 | MLPTX 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 | |
|---|---|---|---|---|---|---|---|
| Invesco Nasdaq 100 Index Fund | Large Cap Growth Equities | 38 | 11.50% | — | Oct 2020 | MLPTX vs IVNQX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | Large Cap Blend Equities | 68 | 13.11% | — | Jul 1997 | MLPTX vs VADAX | |
| Invesco Gold & Special Minerals Fund | Gold, Precious Metals | 35 | -8.91% | — | Jul 1983 | MLPTX vs OPGSX | |
| Invesco American Franchise Fund Class A | Large Cap Growth Equities | 8 | 2.06% | — | Jun 2005 | MLPTX vs VAFAX | |
| Invesco Value Opportunities Fund | Mid Cap Value Equities | 74 | 14.48% | — | Jun 2001 | MLPTX vs VVOAX | |
| Invesco Comstock Fund | Large Cap Value Equities | 83 | 12.80% | — | Oct 1968 | MLPTX vs ACSTX | |
| Invesco Small Cap Value Fund | Small Cap Value Equities | 76 | 21.61% | — | Jun 1999 | MLPTX vs VSCAX | |
| Invesco Main Street Fund | Large Cap Blend Equities | 34 | 6.19% | — | Feb 1988 | MLPTX vs MSIGX | |
| Invesco Equity and Income Fund | Diversified Portfolio | 74 | 7.11% | — | Aug 1960 | MLPTX vs ACEIX | |
| Invesco Equally-Weighted S&P 500 Fund | S&P 500 | 69 | 13.28% | — | Jul 1997 | MLPTX vs VADDX |
Often Compared With MLPTX
Investors most often compare MLPTX with GLD, FSELX, IEYYX. These 20 comparison targets span 7 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