AIWEX vs. RMLPX

Last updated Jun 4, 2026

AIWEX (Cavanal Hill World Energy Fund Institutional Class) and RMLPX (Recurrent MLP & Infrastructure Fund) are both Energy Equities funds. Over the past 5 years, AIWEX returned 20.39%/yr vs 24.50%/yr for RMLPX. Their correlation of 0.86 suggests significant overlap in exposure. AIWEX charges 0.91%/yr vs 1.25%/yr for RMLPX.

Performance

AIWEX vs. RMLPX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with AIWEX having a 32.13% return and RMLPX slightly higher at 32.69%.

AIWEX

• 1D: 2.04%
• 1M: -3.11%
• YTD: 32.13%
• 6M: 27.09%
• 1Y: 47.66%
• 3Y*: 26.64%
• 5Y*: 20.39%
• 10Y*: 12.45%

RMLPX

• 1D: 1.73%
• 1M: -2.08%
• YTD: 32.69%
• 6M: 29.61%
• 1Y: 41.17%
• 3Y*: 29.75%
• 5Y*: 24.50%
• 10Y*: —

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

AIWEX vs. RMLPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
AIWEX Cavanal Hill World Energy Fund Institutional Class	32.13%	21.74%	13.42%	4.93%	32.76%	36.90%	0.25%	8.00%	-25.34%
RMLPX Recurrent MLP & Infrastructure Fund	32.69%	8.98%	30.03%	16.79%	35.03%	42.56%	-28.37%	15.33%	-15.93%

Correlation

The correlation between AIWEX and RMLPX is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jan 3, 2018	0.86

The correlation between AIWEX and RMLPX shifts across timeframes, from 0.67 (1 year) to 0.87 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

AIWEX vs. RMLPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIWEX

AIWEX Risk / Return Rank: 85
AIWEX Sharpe Ratio Rank: 87
AIWEX Sortino Ratio Rank: 76
AIWEX Omega Ratio Rank: 71
AIWEX Calmar Ratio Rank: 98
AIWEX Martin Ratio Rank: 95

RMLPX

RMLPX Risk / Return Rank: 78
RMLPX Sharpe Ratio Rank: 82
RMLPX Sortino Ratio Rank: 69
RMLPX Omega Ratio Rank: 63
RMLPX Calmar Ratio Rank: 94
RMLPX Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIWEX vs. RMLPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cavanal Hill World Energy Fund Institutional Class (AIWEX) and Recurrent MLP & Infrastructure Fund (RMLPX). 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.

	AIWEX	RMLPX	Difference
Sharpe ratio: Return per unit of total volatility	2.85	2.65	+0.20
Sortino ratio: Return per unit of downside risk	3.70	3.46	+0.24
Omega ratio: Gain probability vs. loss probability	1.48	1.44	+0.03
Calmar ratio: Return relative to maximum drawdown	7.96	5.59	+2.37
Martin ratio: Return relative to average drawdown	23.02	15.82	+7.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIWEX vs. RMLPX - Sharpe Ratio Comparison

The current AIWEX Sharpe Ratio is 2.85, which is comparable to the RMLPX Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of AIWEX and RMLPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AIWEX	RMLPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.85	2.65	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	1.15	-0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.49	-0.10

Drawdowns

AIWEX vs. RMLPX - Drawdown Comparison

The maximum AIWEX drawdown since its inception was -57.44%, smaller than the maximum RMLPX drawdown of -66.95%. Use the drawdown chart below to compare losses from any high point for AIWEX and RMLPX.

Drawdown Indicators

	AIWEX	RMLPX	Difference
Max Drawdown Largest peak-to-trough decline	-57.44%	-66.95%	+9.51%
Max Drawdown (1Y) Largest decline over 1 year	-6.41%	-7.74%	+1.33%
Max Drawdown (3Y) Largest decline over 3 years	-23.00%	-18.75%	-4.25%
Max Drawdown (5Y) Largest decline over 5 years	-25.68%	-22.83%	-2.85%
Max Drawdown (10Y) Largest decline over 10 years	-57.44%	—	—
Current Drawdown Current decline from peak	-3.11%	-4.96%	+1.85%
Average Drawdown Average peak-to-trough decline	-12.80%	-10.25%	-2.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	2.73%	-0.52%

Volatility

AIWEX vs. RMLPX - Volatility Comparison

The current volatility for Cavanal Hill World Energy Fund Institutional Class (AIWEX) is 5.83%, while Recurrent MLP & Infrastructure Fund (RMLPX) has a volatility of 6.83%. This indicates that AIWEX experiences smaller price fluctuations and is considered to be less risky than RMLPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIWEX	RMLPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.83%	6.83%	-1.00%
Volatility (6M) Calculated over the trailing 6-month period	13.13%	13.18%	-0.05%
Volatility (1Y) Calculated over the trailing 1-year period	17.92%	16.31%	+1.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.84%	21.43%	+4.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.90%	28.05%	-2.15%

AIWEX vs. RMLPX - Expense Ratio Comparison

AIWEX has a 0.91% expense ratio, which is lower than RMLPX's 1.25% expense ratio.

Dividends

AIWEX vs. RMLPX - Dividend Comparison

AIWEX's dividend yield for the trailing twelve months is around 0.85%, less than RMLPX's 4.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIWEX Cavanal Hill World Energy Fund Institutional Class	0.85%	0.81%	1.97%	1.80%	2.18%	1.63%	1.81%	2.27%	1.65%	0.67%	1.22%	1.00%
RMLPX Recurrent MLP & Infrastructure Fund	4.86%	6.38%	7.63%	6.49%	7.08%	8.89%	13.48%	7.25%	5.85%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AIWEX and RMLPX in my portfolio?

AIWEX and RMLPX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIWEX or RMLPX?

RMLPX has higher volatility (6.83%) compared to AIWEX (5.83%). In terms of maximum drawdown, AIWEX dropped -57.44% vs RMLPX's -66.95%.

Which has better risk-adjusted returns?

AIWEX currently has the higher Sharpe Ratio (2.85 vs 2.65), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.