EFRA vs. MLPI

Last updated Jun 4, 2026

EFRA (iShares Environmental Infrastructure and Industrials ETF) and MLPI (Neos MLP & Energy Infrastructure High Income ETF) are both exchange-traded funds - EFRA is a Industrials Equities fund tracking the FTSE Green Revenues Select Infrastructure and Industrials Index, while MLPI is a Energy Equities fund actively managed by Neos. EFRA is passively managed, while MLPI is actively managed. At a 0.02 correlation, their price movements are largely independent. EFRA charges 0.47%/yr vs 0.68%/yr for MLPI.

Performance

EFRA vs. MLPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Environmental Infrastructure and Industrials ETF (EFRA) and Neos MLP & Energy Infrastructure High Income ETF (MLPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EFRA achieves a 4.96% return, which is significantly lower than MLPI's 17.58% return.

EFRA

• 1D: 0.40%
• 1M: -0.88%
• YTD: 4.96%
• 6M: 4.97%
• 1Y: 10.28%
• 3Y*: 11.21%
• 5Y*: —
• 10Y*: —

MLPI

• 1D: 0.04%
• 1M: -3.13%
• YTD: 17.58%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EFRA vs. MLPI - Yearly Performance Comparison

	2026 (YTD)	2025
EFRA iShares Environmental Infrastructure and Industrials ETF	4.96%	-0.22%
MLPI Neos MLP & Energy Infrastructure High Income ETF	17.58%	0.56%

Correlation

The correlation between EFRA and MLPI is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 19, 2025	0.02

Return for Risk

EFRA vs. MLPI — Risk / Return Rank

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

EFRA

EFRA Risk / Return Rank: 21
EFRA Sharpe Ratio Rank: 21
EFRA Sortino Ratio Rank: 21
EFRA Omega Ratio Rank: 21
EFRA Calmar Ratio Rank: 21
EFRA Martin Ratio Rank: 22

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.

EFRA vs. MLPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Environmental Infrastructure and Industrials ETF (EFRA) 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.

	EFRA	MLPI	Difference
Sharpe ratio: Return per unit of total volatility	0.74	—	—
Sortino ratio: Return per unit of downside risk	1.14	—	—
Omega ratio: Gain probability vs. loss probability	1.13	—	—
Calmar ratio: Return relative to maximum drawdown	0.92	—	—
Martin ratio: Return relative to average drawdown	2.67	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	EFRA	MLPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	3.49	-2.59

Drawdowns

EFRA vs. MLPI - Drawdown Comparison

The maximum EFRA drawdown since its inception was -16.25%, which is greater than MLPI's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for EFRA and MLPI.

Drawdown Indicators

	EFRA	MLPI	Difference
Max Drawdown Largest peak-to-trough decline	-16.25%	-5.38%	-10.87%
Max Drawdown (1Y) Largest decline over 1 year	-11.20%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.25%	—	—
Current Drawdown Current decline from peak	-6.98%	-3.84%	-3.14%
Average Drawdown Average peak-to-trough decline	-3.63%	-1.27%	-2.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.85%	—	—

Volatility

Volatility by Period

	EFRA	MLPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.37%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.02%	13.05%	+0.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.51%	13.05%	+2.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.51%	13.05%	+2.46%

EFRA vs. MLPI - Expense Ratio Comparison

EFRA has a 0.47% expense ratio, which is lower than MLPI's 0.68% expense ratio.

Dividends

EFRA vs. MLPI - Dividend Comparison

EFRA's dividend yield for the trailing twelve months is around 4.13%, less than MLPI's 6.04% yield.

Position	TTM	2025	2024	2023	2022
EFRA iShares Environmental Infrastructure and Industrials ETF	4.13%	4.34%	3.79%	1.85%	0.14%
MLPI Neos MLP & Energy Infrastructure High Income ETF	6.04%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EFRA and MLPI in my portfolio?

EFRA and MLPI have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EFRA or MLPI?

On fees, EFRA is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EFRA or MLPI?

EFRA is cheaper with a 0.47% expense ratio, compared with 0.68% for MLPI.

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

MLPI has the higher dividend yield at 6.04%, compared with 4.13% for EFRA.

What is the main difference between EFRA and MLPI?

EFRA is categorized as Industrials Equities, while MLPI is Energy Equities. They also come from different issuers: iShares and Neos. Their fees differ too: 0.47% for EFRA and 0.68% for MLPI.