AWTAX vs. MLOZX

Last updated Aug 1, 2026

AWTAX (Virtus Water Fund) and MLOZX (Cohen & Steers MLP & Energy Opportunity Fund, Inc.) are both Energy Equities funds. Their 0.49 correlation means their historical movements had little consistent relationship. AWTAX charges 1.22%/yr vs 0.90%/yr for MLOZX.

Performance

AWTAX vs. MLOZX - Performance Comparison

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

Returns By Period

AWTAX

• 1D: 0.10%
• 1M: -1.24%
• 6M: -3.54%
• YTD: 0.47%
• 1Y: 1.45%
• 3Y*: 6.21%
• 5Y*: 1.76%
• 10Y*: 7.42%
• ALL TIME*: 6.11%

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)
AWTAX Virtus Water Fund	$0.00	$0.00	$0.00

AWTAX vs. MLOZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AWTAX Virtus Water Fund	0.47%	11.87%	5.25%	11.99%	-21.01%	25.39%	16.68%	32.78%	-12.50%	21.99%
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 AWTAX and MLOZX is 0.17, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.17
Correlation (3Y) Balances recent behavior with more history.	0.36
Correlation (5Y) Shows whether the relationship held over a longer period.	0.46
Correlation (10Y) Provides a long-term view across more market conditions.	0.47
Correlation (All Time) Calculated using the full available price history since Dec 23, 2013	0.49

Over the past year, the correlation between AWTAX and MLOZX has dropped to 0.17 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.

Return for Risk

AWTAX vs. MLOZX — Risk / Return Rank

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

AWTAX

AWTAX Risk / Return Rank: 6
AWTAX Sharpe Ratio Rank: 6
AWTAX Sortino Ratio Rank: 6
AWTAX Omega Ratio Rank: 6
AWTAX Calmar Ratio Rank: 6
AWTAX Martin Ratio Rank: 6

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.

AWTAX vs. MLOZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Water Fund (AWTAX) 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.

	AWTAX	MLOZX	Difference
Sharpe ratio: Return per unit of total volatility	0.15	—	—
Sortino ratio: Return per unit of downside risk	0.30	—	—
Omega ratio: Gain probability vs. loss probability	1.03	—	—
Calmar ratio: Return relative to maximum drawdown	0.17	—	—
Martin ratio: Return relative to average drawdown	0.36	—	—

Drawdowns

Drawdown Indicators

	AWTAX	MLOZX	Difference
Max Drawdown Largest peak-to-trough decline	-54.12%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-12.17%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.00%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.85%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-32.78%	—	—
Current Drawdown Current decline from peak	-7.11%	—	—
Average Drawdown Average peak-to-trough decline	-9.88%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	5.60%	—	—

Volatility

Volatility by Period

	AWTAX	MLOZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.21%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.88%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.93%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.28%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.24%	—	—

AWTAX vs. MLOZX - Expense Ratio Comparison

AWTAX has a 1.22% expense ratio, which is higher than MLOZX's 0.90% expense ratio.

Dividends

AWTAX vs. MLOZX - Dividend Comparison

AWTAX's dividend yield for the trailing twelve months is around 11.87%, more than MLOZX's 1.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AWTAX Virtus Water Fund	11.87%	11.93%	7.78%	3.30%	0.42%	7.72%	1.61%	2.98%	3.71%	2.43%	0.99%	0.38%
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 AWTAX and MLOZX in my portfolio?

AWTAX and MLOZX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.