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Invesco SteelPath MLP Alpha Plus Fund Class R5 (SPMPX) Sharpe Ratio: 1.87

Mutual Fund · Currency in USD · Last updated Jul 14, 2026

The Fund seeks total return by investing primarily in U.S. energy infrastructure, focusing on midstream MLPs involved in transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources, along with related derivatives.

SPMPX's Sharpe Ratio of 1.87 indicates that for each unit of volatility, it generates 1.87 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 14, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

SPMPX Sharpe Ratio Rank

SPMPX Sharpe Ratio Rank: 71.171
Above Average

SPMPX ranks above 71.1% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

SPMPX Sharpe Ratio Market Positioning

The chart shows SPMPX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.06 or lower
  • Yellow zone (middle 50%): 1.06 to 1.94
  • Green zone (top 25%): 1.94 or higher
  • Top 1%: 3.90+
  • Median: 1.58 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Invesco SteelPath MLP Alpha Plus Fund Class R5's Sharpe Ratio with other mutual funds in the Energy Equities category across multiple time periods, showing how SPMPX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 14, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
MLOZXCohen & Steers MLP & Energy Opportunity Fund, Inc.3.40
RSNYXVictory Global Energy Transition Fund Class Y3.13
RSNRXVictory Global Energy Transition Fund3.11
IEYYXDelaware Ivy Energy Fund2.34
EIPIXEIP Growth and Income Fund (NEW)2.29
RMLPXRecurrent MLP & Infrastructure Fund2.27
ICPAXIntegrity Mid-North American Resources Fund2.25
MLPTXInvesco SteelPath MLP Select 40 Fund2.21
VLPIXVirtus Duff & Phelps Select MLP and Energy Fund2.20
FRNRXFranklin Natural Resources Fund2.19
SPMPXInvesco SteelPath MLP Alpha Plus Fund Class R51.87

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows SPMPX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when SPMPX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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How does SPMPX fit in your portfolio?

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