DRLL vs. MLPI

Last updated Jun 25, 2026

DRLL (Strive U.S. Energy ETF) and MLPI (NEOS MLP & Energy Infrastructure High Income ETF) are both exchange-traded funds - DRLL is a Energy Equities fund tracking the Bloomberg US Energy Select Index, while MLPI is a MLPs fund actively managed by NEOS. DRLL is passively managed, while MLPI is actively managed. A 0.63 correlation means they provide meaningful diversification when combined. DRLL charges 0.41%/yr vs 0.68%/yr for MLPI.

Performance

DRLL vs. MLPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive U.S. Energy ETF (DRLL) and NEOS MLP & Energy Infrastructure High Income ETF (MLPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with DRLL having a 19.50% return and MLPI slightly lower at 18.83%.

DRLL

• 1D: -1.56%
• 1M: -9.23%
• YTD: 19.50%
• 6M: 20.31%
• 1Y: 26.08%
• 3Y*: 11.90%
• 5Y*: —
• 10Y*: —

MLPI

• 1D: -0.65%
• 1M: -2.81%
• YTD: 18.83%
• 6M: 18.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DRLL vs. MLPI - Yearly Performance Comparison

	2026 (YTD)	2025
DRLL Strive U.S. Energy ETF	19.50%	0.39%
MLPI NEOS MLP & Energy Infrastructure High Income ETF	18.83%	0.36%

Correlation

The correlation between DRLL and MLPI is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025	0.63

Return for Risk

DRLL vs. MLPI — Risk / Return Rank

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

DRLL

DRLL Risk / Return Rank: 34
DRLL Sharpe Ratio Rank: 35
DRLL Sortino Ratio Rank: 33
DRLL Omega Ratio Rank: 32
DRLL Calmar Ratio Rank: 35
DRLL Martin Ratio Rank: 33

MLPI

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

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.

DRLL vs. MLPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive U.S. Energy ETF (DRLL) 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.

	DRLL	MLPI	Difference
Sharpe ratio: Return per unit of total volatility	1.16	—	—
Sortino ratio: Return per unit of downside risk	1.61	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.57	—	—
Martin ratio: Return relative to average drawdown	4.57	—	—

Drawdowns

DRLL vs. MLPI - Drawdown Comparison

The maximum DRLL drawdown since its inception was -23.73%, which is greater than MLPI's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for DRLL and MLPI.

Drawdown Indicators

	DRLL	MLPI	Difference
Max Drawdown Largest peak-to-trough decline	-23.73%	-5.38%	-18.35%
Max Drawdown (1Y) Largest decline over 1 year	-16.66%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-23.73%	—	—
Current Drawdown Current decline from peak	-16.33%	-2.81%	-13.52%
Average Drawdown Average peak-to-trough decline	-8.08%	-1.50%	-6.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.73%	—	—

Volatility

Volatility by Period

	DRLL	MLPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.96%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.53%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.67%	13.05%	+9.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.82%	13.05%	+10.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.82%	13.05%	+10.77%

DRLL vs. MLPI - Expense Ratio Comparison

DRLL has a 0.41% expense ratio, which is lower than MLPI's 0.68% expense ratio.

Dividends

DRLL vs. MLPI - Dividend Comparison

DRLL's dividend yield for the trailing twelve months is around 2.56%, less than MLPI's 7.24% yield.

Position	TTM	2025	2024	2023	2022
DRLL Strive U.S. Energy ETF	2.56%	2.99%	3.00%	3.01%	1.18%
MLPI NEOS MLP & Energy Infrastructure High Income ETF	7.24%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DRLL and MLPI in my portfolio?

DRLL and MLPI have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DRLL or MLPI?

On fees, DRLL is cheaper at 0.41% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DRLL or MLPI?

DRLL is cheaper with a 0.41% expense ratio, compared with 0.68% for MLPI.

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

MLPI has the higher dividend yield at 7.24%, compared with 2.56% for DRLL.

What is the main difference between DRLL and MLPI?

DRLL is categorized as Energy Equities, while MLPI is MLPs. They also come from different issuers: Strive and NEOS. Their fees differ too: 0.41% for DRLL and 0.68% for MLPI.