EGLIX vs. MLPOX
EGLIX (Eagle Energy Infrastructure Fund) and MLPOX (Invesco SteelPath MLP Alpha Fund) are both Energy Equities funds. Over the past 10 years, EGLIX returned 12.41%/yr vs 9.40%/yr for MLPOX. Their correlation of 0.94 means they have usually moved in the same direction. EGLIX charges 1.40%/yr vs 1.29%/yr for MLPOX.
Performance
EGLIX vs. MLPOX - Performance Comparison
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Returns By Period
In the year-to-date period, EGLIX achieves a 29.53% return, which is significantly higher than MLPOX's 22.76% return. Over the past 10 years, EGLIX has outperformed MLPOX with an annualized return of 12.41%, while MLPOX has yielded a comparatively lower 9.40% annualized return.
EGLIX
- 1D
- 0.86%
- 1M
- 2.25%
- 6M
- 20.29%
- YTD
- 29.53%
- 1Y
- 30.16%
- 3Y*
- 26.32%
- 5Y*
- 26.21%
- 10Y*
- 12.41%
- ALL TIME*
- 8.05%
MLPOX
- 1D
- 0.75%
- 1M
- 4.21%
- 6M
- 16.78%
- YTD
- 22.76%
- 1Y
- 24.37%
- 3Y*
- 24.31%
- 5Y*
- 23.92%
- 10Y*
- 9.40%
- ALL TIME*
- 7.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
EGLIX vs. MLPOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EGLIX Eagle Energy Infrastructure Fund | 29.53% | 3.00% | 43.07% | 16.07% | 33.19% | 49.17% | -23.58% | 9.31% | -18.79% | -9.37% |
MLPOX Invesco SteelPath MLP Alpha Fund | 22.76% | 4.47% | 40.63% | 20.44% | 29.45% | 39.81% | -30.40% | 6.71% | -14.77% | -6.96% |
Correlation
The correlation between EGLIX and MLPOX is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.94 |
The correlation between EGLIX and MLPOX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
EGLIX vs. MLPOX — Risk / Return Rank
EGLIX
MLPOX
EGLIX vs. MLPOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eagle Energy Infrastructure Fund (EGLIX) and Invesco SteelPath MLP Alpha Fund (MLPOX). 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.
| EGLIX | MLPOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.34 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.07 | 3.94 | +0.13 |
| Martin ratioReturn relative to average drawdown | 9.39 | 9.74 | -0.35 |
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Drawdowns
EGLIX vs. MLPOX - Drawdown Comparison
The maximum EGLIX drawdown since its inception was -78.89%, roughly equal to the maximum MLPOX drawdown of -76.99%. Use the drawdown chart below to compare losses from any high point for EGLIX and MLPOX.
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Drawdown Indicators
| EGLIX | MLPOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.89% | -76.99% | -1.90% |
Max Drawdown (1Y)Largest decline over 1 year | -7.20% | -5.93% | -1.27% |
Max Drawdown (3Y)Largest decline over 3 years | -17.93% | -15.18% | -2.75% |
Max Drawdown (5Y)Largest decline over 5 years | -22.06% | -21.17% | -0.89% |
Max Drawdown (10Y)Largest decline over 10 years | -68.86% | -72.41% | +3.55% |
Current DrawdownCurrent decline from peak | -2.98% | -0.74% | -2.24% |
Average DrawdownAverage peak-to-trough decline | -27.19% | -16.29% | -10.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 2.46% | +0.66% |
Volatility
EGLIX vs. MLPOX - Volatility Comparison
Eagle Energy Infrastructure Fund (EGLIX) has a higher volatility of 4.99% compared to Invesco SteelPath MLP Alpha Fund (MLPOX) at 3.82%. This indicates that EGLIX's price experiences larger fluctuations and is considered to be riskier than MLPOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EGLIX | MLPOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.99% | 3.82% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 11.81% | 9.22% | +2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.02% | 11.74% | +3.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.91% | 19.05% | +1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.86% | 25.95% | -0.09% |
EGLIX vs. MLPOX - Expense Ratio Comparison
EGLIX has a 1.40% expense ratio, which is higher than MLPOX's 1.29% expense ratio.
Dividends
EGLIX vs. MLPOX - Dividend Comparison
EGLIX's dividend yield for the trailing twelve months is around 4.23%, less than MLPOX's 4.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EGLIX Eagle Energy Infrastructure Fund | 4.23% | 3.98% | 4.38% | 5.85% | 5.25% | 5.24% | 10.88% | 8.08% | 8.12% | 7.10% | 6.38% | 8.61% |
MLPOX Invesco SteelPath MLP Alpha Fund | 4.72% | 5.31% | 4.26% | 5.55% | 6.19% | 7.52% | 13.39% | 10.42% | 10.08% | 8.00% | 7.18% | 7.85% |
Frequently Asked Questions
With a correlation of 0.95, EGLIX and MLPOX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
EGLIX has higher volatility (4.99%) compared to MLPOX (3.82%). In terms of maximum drawdown, EGLIX dropped -78.89% vs MLPOX's -76.99%.
MLPOX currently has the higher Sharpe Ratio (1.99 vs 1.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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