AMLP vs. MLPI
AMLP (Alerian MLP ETF) and MLPI (NEOS MLP & Energy Infrastructure High Income ETF) are both exchange-traded funds - AMLP is a MLPs fund tracking the Alerian MLP Infrastructure Index, while MLPI is a Infrastructure Equities fund actively managed by Neos. AMLP is passively managed, while MLPI is actively managed. Their 0.69 correlation means they have sometimes moved together and sometimes differently. AMLP charges 0.90%/yr vs 0.68%/yr for MLPI.
Performance
AMLP vs. MLPI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AMLP achieves a 22.35% return, which is significantly higher than MLPI's 18.15% return.
AMLP
- 1D
- 0.89%
- 1M
- 6.26%
- 6M
- 14.99%
- YTD
- 22.35%
- 1Y
- 21.27%
- 3Y*
- 19.27%
- 5Y*
- 19.50%
- 10Y*
- 7.29%
- ALL TIME*
- 5.90%
MLPI
- 1D
- -0.07%
- 1M
- -0.05%
- 6M
- 11.52%
- YTD
- 18.15%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AMLP Alerian MLP ETF | $65.00M | $60.75M | $74.60M |
| $23.44M | $21.53M | $19.40M |
AMLP vs. MLPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AMLP Alerian MLP ETF | 22.35% | -0.11% |
MLPI NEOS MLP & Energy Infrastructure High Income ETF | 18.15% | 0.36% |
Correlation
The correlation between AMLP and MLPI is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025 | 0.69 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AMLP vs. MLPI — Risk / Return Rank
AMLP
MLPI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AMLP vs. MLPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alerian MLP ETF (AMLP) and NEOS MLP & Energy Infrastructure High Income ETF (MLPI). 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.
| AMLP | MLPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.27 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | — | — |
| Martin ratioReturn relative to average drawdown | 6.55 | — | — |
Loading charts...
Drawdowns
AMLP vs. MLPI - Drawdown Comparison
The maximum AMLP drawdown since its inception was -77.19%, which is greater than MLPI's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for AMLP and MLPI.
Loading charts...
Drawdown Indicators
| AMLP | MLPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.19% | -5.38% | -71.81% |
Max Drawdown (1Y)Largest decline over 1 year | -8.47% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -14.27% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.92% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -72.62% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.36% | +3.36% |
Average DrawdownAverage peak-to-trough decline | -17.26% | -1.63% | -15.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | — | — |
Volatility
AMLP vs. MLPI - Volatility Comparison
Loading charts...
Volatility by Period
| AMLP | MLPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.81% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.55% | 13.31% | -0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.37% | 13.31% | +6.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.64% | 13.31% | +14.33% |
AMLP vs. MLPI - Expense Ratio Comparison
AMLP has a 0.90% expense ratio, which is higher than MLPI's 0.68% expense ratio.
Dividends
AMLP vs. MLPI - Dividend Comparison
AMLP's dividend yield for the trailing twelve months is around 7.27%, less than MLPI's 8.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMLP Alerian MLP ETF | 7.27% | 8.36% | 7.70% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.29% | 7.97% | 8.09% | 9.84% |
MLPI NEOS MLP & Energy Infrastructure High Income ETF | 8.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AMLP and MLPI have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MLPI is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MLPI is cheaper with a 0.68% expense ratio, compared with 0.90% for AMLP.
MLPI has the higher dividend yield at 8.63%, compared with 7.27% for AMLP.
AMLP is categorized as MLPs, while MLPI is Infrastructure Equities. They also come from different issuers: SS&C and Neos. Their fees differ too: 0.90% for AMLP and 0.68% for MLPI.
Find the right allocation for AMLP and MLPI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer