BPH vs. MLPI

Last updated Jun 24, 2026

BPH (BP p.l.c. ADRhedged ETF) and MLPI (NEOS MLP & Energy Infrastructure High Income ETF) are both exchange-traded funds - BPH is a Energy Equities fund actively managed by Precidian, while MLPI is a MLPs fund actively managed by NEOS. Both are actively managed. At a 0.37 correlation, their price movements are largely independent. BPH charges 0.19%/yr vs 0.68%/yr for MLPI.

Performance

BPH vs. MLPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BP p.l.c. ADRhedged ETF (BPH) and NEOS MLP & Energy Infrastructure High Income ETF (MLPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BPH

• 1D: -0.55%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MLPI

• 1D: 1.09%
• 1M: -2.18%
• YTD: 19.61%
• 6M: 18.17%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BPH vs. MLPI - Yearly Performance Comparison

	2026 (YTD)
BPH BP p.l.c. ADRhedged ETF	-5.53%
MLPI NEOS MLP & Energy Infrastructure High Income ETF	-2.18%

Correlation

The correlation between BPH and MLPI is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 26, 2026	0.37

Return for Risk

BPH vs. MLPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BP p.l.c. ADRhedged ETF (BPH) 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.

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

Drawdowns

BPH vs. MLPI - Drawdown Comparison

The maximum BPH drawdown since its inception was -9.43%, which is greater than MLPI's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for BPH and MLPI.

Drawdown Indicators

	BPH	MLPI	Difference
Max Drawdown Largest peak-to-trough decline	-9.43%	-5.38%	-4.05%
Current Drawdown Current decline from peak	-8.71%	-2.18%	-6.53%
Average Drawdown Average peak-to-trough decline	-3.18%	-1.49%	-1.69%

Volatility

Volatility by Period

	BPH	MLPI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	24.10%	13.05%	+11.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.10%	13.05%	+11.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.10%	13.05%	+11.05%

BPH vs. MLPI - Expense Ratio Comparison

BPH has a 0.19% expense ratio, which is lower than MLPI's 0.68% expense ratio.

Dividends

BPH vs. MLPI - Dividend Comparison

BPH's dividend yield for the trailing twelve months is around 0.53%, less than MLPI's 7.19% yield.

Position	TTM
BPH BP p.l.c. ADRhedged ETF	0.53%
MLPI NEOS MLP & Energy Infrastructure High Income ETF	7.19%

Frequently Asked Questions

Can I hold both BPH and MLPI in my portfolio?

BPH and MLPI have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BPH or MLPI?

On fees, BPH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BPH or MLPI?

BPH is cheaper with a 0.19% expense ratio, compared with 0.68% for MLPI.

Which ETF pays a higher dividend yield, BPH or MLPI?

MLPI has the higher dividend yield at 7.19%, compared with 0.53% for BPH.

What is the main difference between BPH and MLPI?

BPH is categorized as Energy Equities, while MLPI is MLPs. They also come from different issuers: Precidian and NEOS. Their fees differ too: 0.19% for BPH and 0.68% for MLPI.