Invesco SteelPath MLP Income Fund (MLPZX) 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 MLPZX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MLPZX
MLPZX charges 1.10% annually. There are 37 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 | MLPZX vs VENAX | |
| Vanguard Energy Fund Admiral Shares | 0.33% | 7.10B | Nov 2001 | MLPZX vs VGELX | |
| Vanguard Energy Opportunities Fund Investor Shares | 0.45% | 7.10B | May 1984 | MLPZX vs VGENX | |
| Frontier MFG Core Infrastructure Fund | 0.50% | — | Jan 2012 | MLPZX vs FMGIX | |
| T. Rowe Price New Era Fund | 0.56% | — | Jan 1969 | MLPZX vs PRNEX |
Best Risk-Adjusted Alternatives to MLPZX
MLPZX has a PortfoliosLab risk / return rank of 72. There are 24 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 | MLPZX vs MLOZX | |
| Victory Global Energy Transition Fund Class Y | 94 | — | May 2007 | MLPZX vs RSNYX | |
| Victory Global Energy Transition Fund | 94 | — | Nov 1995 | MLPZX vs RSNRX | |
| Delaware Ivy Energy Fund | 88 | — | Apr 2006 | MLPZX vs IEYYX | |
| EIP Growth and Income Fund (NEW) | 88 | — | Aug 2006 | MLPZX vs EIPIX |
Top Performing MLPZX Alternatives (YTD)
MLPZX is at 19.85% YTD. There are 37 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 | MLPZX vs OEPIX | |
| NXG Cushing® Midstream Energy Fund | 36.07% | — | Aug 2007 | MLPZX vs SRV | |
| Rydex Energy Services Fund | 34.99% | — | Mar 1998 | MLPZX vs RYVIX | |
| Recurrent MLP & Infrastructure Fund | 33.65% | — | Nov 2017 | MLPZX vs RMLPX | |
| Cohen & Steers MLP & Energy Opportunity Fund, Inc. | 32.43% | — | Dec 2013 | MLPZX vs MLOZX |
Lowest Volatility Alternatives to MLPZX
MLPZX has 12.19% 1-year volatility. There are 18 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 | MLPZX vs PAXDX | |
| Saratoga Energy & Basic Materials Fund | 9.77% | — | Oct 1997 | MLPZX vs SBMBX | |
| JHancock Infrastructure Fund | 10.04% | — | Dec 2013 | MLPZX vs JEEIX | |
| Cohen & Steers Global Infrastructure Fund, Inc. | 10.09% | — | May 2004 | MLPZX vs CSUIX | |
| Centre Global Infrastructure Fund | 10.15% | — | Jan 2018 | MLPZX vs DHIVX |
Lowest Drawdown Alternatives to MLPZX
MLPZX has a 1-year max drawdown of -7.48%. There are 34 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 | MLPZX vs PAXDX | |
| EIP Growth and Income Fund (NEW) | -4.51% | — | Aug 2006 | MLPZX vs EIPIX | |
| Cohen & Steers MLP & Energy Opportunity Fund, Inc. | -4.71% | — | Dec 2013 | MLPZX vs MLOZX | |
| Goldman Sachs Global Infrastructure Fund | -5.59% | — | Jun 2016 | MLPZX vs GGINX | |
| Saratoga Energy & Basic Materials Fund | -5.66% | — | Oct 1997 | MLPZX 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 | MLPZX vs IVNQX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | Large Cap Blend Equities | 44 | 12.58% | — | — | MLPZX vs VADAX | |
| Invesco American Franchise Fund Class A | Large Cap Growth Equities | 12 | 8.27% | — | Jun 2005 | MLPZX vs VAFAX | |
| Invesco Gold & Special Minerals Fund | Gold, Precious Metals | 25 | -10.19% | — | Jul 1983 | MLPZX vs OPGSX | |
| Invesco Value Opportunities Fund | Mid Cap Value Equities | 80 | 20.03% | — | Jun 2001 | MLPZX vs VVOAX | |
| Invesco Comstock Fund | Large Cap Value Equities | 68 | 12.28% | — | Oct 1968 | MLPZX vs ACSTX | |
| Invesco Main Street Fund | Large Cap Blend Equities | 35 | 7.85% | — | Feb 1988 | MLPZX vs MSIGX | |
| Invesco Small Cap Value Fund | Small Cap Value Equities | 79 | 27.70% | — | Jun 1999 | MLPZX vs VSCAX | |
| Invesco Equity and Income Fund | Diversified Portfolio | 66 | 7.57% | — | Aug 1960 | MLPZX vs ACEIX | |
| Invesco Global Fund | Global Equities | 19 | 8.22% | — | Dec 1969 | MLPZX vs OPPAX |
Often Compared With MLPZX
Investors most often compare MLPZX with MLPQ.L, SCHD, QQQ. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare MLPZX with Any Fund or Stock
Compare MLPZX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MLPZX with funds that move differently
Invesco SteelPath MLP Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MLPZX.
Explore MLPZX Diversifiers