AIWEX vs. MLOZX

Last updated Aug 1, 2026

AIWEX (Cavanal Hill World Energy Fund Institutional Class) and MLOZX (Cohen & Steers MLP & Energy Opportunity Fund, Inc.) are both Energy Equities funds. Their correlation of 0.83 means they have usually moved in the same direction. AIWEX charges 0.91%/yr vs 0.90%/yr for MLOZX.

Performance

AIWEX vs. MLOZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cavanal Hill World Energy Fund Institutional Class (AIWEX) and Cohen & Steers MLP & Energy Opportunity Fund, Inc. (MLOZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AIWEX

• 1D: 2.70%
• 1M: 2.17%
• 6M: 11.28%
• YTD: 24.71%
• 1Y: 33.37%
• 3Y*: 19.22%
• 5Y*: 21.91%
• 10Y*: 12.06%
• ALL TIME*: 9.06%

MLOZX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AIWEX Cavanal Hill World Energy Fund Institutional Class	$0.00	$0.00	$0.00

AIWEX vs. MLOZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AIWEX Cavanal Hill World Energy Fund Institutional Class	24.71%	21.74%	13.42%	4.93%	32.76%	36.90%	0.25%	8.00%	-24.31%	-1.59%
MLOZX Cohen & Steers MLP & Energy Opportunity Fund, Inc.	32.43%	17.35%	12.16%	10.49%	21.10%	39.09%	-26.70%	12.62%	-13.43%	0.33%

Correlation

The correlation between AIWEX and MLOZX is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.77
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (5Y) Shows whether the relationship held over a longer period.	0.84
Correlation (10Y) Provides a long-term view across more market conditions.	0.83
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015	0.83

The correlation between AIWEX and MLOZX has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.

Return for Risk

AIWEX vs. MLOZX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AIWEX

AIWEX Risk / Return Rank: 60
AIWEX Sharpe Ratio Rank: 60
AIWEX Sortino Ratio Rank: 57
AIWEX Omega Ratio Rank: 52
AIWEX Calmar Ratio Rank: 78
AIWEX Martin Ratio Rank: 54

MLOZX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AIWEX vs. MLOZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cavanal Hill World Energy Fund Institutional Class (AIWEX) and Cohen & Steers MLP & Energy Opportunity Fund, Inc. (MLOZX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AIWEX	MLOZX	Difference
Sharpe ratio: Return per unit of total volatility	1.57	—	—
Sortino ratio: Return per unit of downside risk	2.19	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.65	—	—
Martin ratio: Return relative to average drawdown	7.67	—	—

Drawdowns

Drawdown Indicators

	AIWEX	MLOZX	Difference
Max Drawdown Largest peak-to-trough decline	-57.44%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-10.96%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-23.00%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.68%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-57.44%	—	—
Current Drawdown Current decline from peak	-8.55%	—	—
Average Drawdown Average peak-to-trough decline	-12.72%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.84%	—	—

Volatility

Volatility by Period

	AIWEX	MLOZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.55%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.56%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.86%	—	—

AIWEX vs. MLOZX - Expense Ratio Comparison

AIWEX has a 0.91% expense ratio, which is higher than MLOZX's 0.90% expense ratio.

Dividends

AIWEX vs. MLOZX - Dividend Comparison

AIWEX's dividend yield for the trailing twelve months is around 0.94%, less than MLOZX's 1.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIWEX Cavanal Hill World Energy Fund Institutional Class	0.94%	0.81%	1.97%	1.80%	2.18%	1.63%	1.81%	2.27%	1.65%	0.67%	1.22%	1.00%
MLOZX Cohen & Steers MLP & Energy Opportunity Fund, Inc.	1.45%	1.71%	10.24%	4.61%	3.66%	3.08%	6.57%	6.21%	4.44%	3.86%	3.72%	6.05%

Frequently Asked Questions

Can I hold both AIWEX and MLOZX in my portfolio?

AIWEX and MLOZX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.