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EGLIX vs. MPLX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EGLIX vs. MPLX

Last updated Jun 24, 2026

EGLIX (Eagle MLP Strategy Fund) is Energy Equities fund managed by Eagle MLP, while MPLX (MPLX LP) is a stock. Over the past 10 years, EGLIX returned 12.10%/yr vs 15.78%/yr for MPLX. A 0.66 correlation means they provide meaningful diversification when combined.

Performance

EGLIX vs. MPLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eagle MLP Strategy Fund (EGLIX) and MPLX LP (MPLX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EGLIX achieves a 26.09% return, which is significantly higher than MPLX's 12.34% return. Over the past 10 years, EGLIX has underperformed MPLX with an annualized return of 12.10%, while MPLX has yielded a comparatively higher 15.78% annualized return.

EGLIX

1D
1.11%
1M
-5.14%
YTD
26.09%
6M
26.33%
1Y
28.88%
3Y*
29.11%
5Y*
24.16%
10Y*
12.10%

MPLX

1D
1.37%
1M
2.14%
YTD
12.34%
6M
11.05%
1Y
22.03%
3Y*
30.46%
5Y*
25.13%
10Y*
15.78%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EGLIX vs. MPLX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EGLIX
Eagle MLP Strategy Fund		26.09%3.00%43.07%16.07%33.19%49.17%-23.58%9.31%-18.79%-9.37%
MPLX
MPLX LP		12.34%20.54%41.72%22.46%21.09%53.92%-1.79%-8.25%-8.43%9.00%

Correlation

The correlation between EGLIX and MPLX is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.60

Correlation (3Y)
Calculated over the trailing 3-year period

0.68

Correlation (5Y)
Calculated over the trailing 5-year period

0.73

Correlation (10Y)
Calculated over the trailing 10-year period

0.73

Correlation (All Time)
Calculated using the full available price history since Jan 2, 2013

0.66

The correlation between EGLIX and MPLX shifts across timeframes, from 0.60 (1 year) to 0.73 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Eagle MLP Strategy Fund

MPLX LP

Often compared with EGLIX:
EGLIX vs. EMOIXEGLIX vs. BRK-BEGLIX vs. RYVIXEGLIX vs. PAXDXEGLIX vs. CSUIXEGLIX vs. GAGEXEGLIX vs. PSPFX
Often compared with MPLX:
MPLX vs. EPDMPLX vs. WESMPLX vs. HESMMPLX vs. PAAMPLX vs. MPCMPLX vs. ENFRMPLX vs. XLE

Return for Risk

EGLIX vs. MPLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EGLIX
EGLIX Risk / Return Rank: 5353
Overall Rank
EGLIX Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
EGLIX Sortino Ratio Rank: 4444
Sortino Ratio Rank
EGLIX Omega Ratio Rank: 4141
Omega Ratio Rank
EGLIX Calmar Ratio Rank: 8585
Calmar Ratio Rank
EGLIX Martin Ratio Rank: 4747
Martin Ratio Rank
MPLX
MPLX Risk / Return Rank: 7979
Overall Rank
MPLX Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
MPLX Sortino Ratio Rank: 7676
Sortino Ratio Rank
MPLX Omega Ratio Rank: 7373
Omega Ratio Rank
MPLX Calmar Ratio Rank: 8282
Calmar Ratio Rank
MPLX Martin Ratio Rank: 8181
Martin Ratio Rank
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.

EGLIX vs. MPLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eagle MLP Strategy Fund (EGLIX) and MPLX LP (MPLX). 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.

EGLIXMPLXDifference
Sharpe ratioReturn per unit of total volatility
1.85
1.40

+0.45

Sortino ratioReturn per unit of downside risk
2.57
1.96

+0.61

Omega ratioGain probability vs. loss probability

1.32

1.24

+0.08

Calmar ratioReturn relative to maximum drawdown

3.84

2.87

+0.97

Martin ratioReturn relative to average drawdown

9.25

6.65

+2.60

EGLIX vs. MPLX - Sharpe Ratio Comparison

The current EGLIX Sharpe Ratio is 1.85, which is higher than the MPLX Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of EGLIX and MPLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

EGLIX vs. MPLX - Drawdown Comparison

The maximum EGLIX drawdown since its inception was -78.89%, smaller than the maximum MPLX drawdown of -85.72%. Use the drawdown chart below to compare losses from any high point for EGLIX and MPLX.

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Drawdown Indicators

EGLIXMPLXDifference

Max Drawdown

Largest peak-to-trough decline

-78.89%

-85.72%

+6.83%

Max Drawdown (1Y)

Largest decline over 1 year

-7.20%

-7.71%

+0.51%

Max Drawdown (3Y)

Largest decline over 3 years

-17.93%

-14.58%

-3.35%

Max Drawdown (5Y)

Largest decline over 5 years

-22.06%

-18.46%

-3.60%

Max Drawdown (10Y)

Largest decline over 10 years

-68.86%

-75.21%

+6.35%

Current Drawdown

Current decline from peak

-5.56%

-0.62%

-4.94%

Average Drawdown

Average peak-to-trough decline

-27.39%

-29.90%

+2.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.99%

3.32%

-0.33%

Volatility

EGLIX vs. MPLX - Volatility Comparison

Eagle MLP Strategy Fund (EGLIX) has a higher volatility of 5.26% compared to MPLX LP (MPLX) at 4.86%. This indicates that EGLIX's price experiences larger fluctuations and is considered to be riskier than MPLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EGLIXMPLXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.26%

4.86%

+0.40%

Volatility (6M)

Calculated over the trailing 6-month period

11.17%

11.30%

-0.13%

Volatility (1Y)

Calculated over the trailing 1-year period

14.96%

15.82%

-0.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.11%

19.35%

+1.76%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.97%

30.62%

-4.65%

Dividends

EGLIX vs. MPLX - Dividend Comparison

EGLIX's dividend yield for the trailing twelve months is around 4.40%, less than MPLX's 7.26% yield.

PositionTTM20252024202320222021202020192018201720162015
EGLIX
Eagle MLP Strategy Fund		4.40%3.98%4.38%5.85%5.25%5.24%10.88%8.08%8.12%7.10%6.38%8.61%
MPLX
MPLX LP		7.26%7.39%7.33%8.65%8.80%11.30%12.70%10.41%8.22%6.23%5.86%4.33%

Frequently Asked Questions

EGLIX and MPLX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EGLIX has higher volatility (5.26%) compared to MPLX (4.86%). In terms of maximum drawdown, EGLIX dropped -78.89% vs MPLX's -85.72%.

EGLIX currently has the higher Sharpe Ratio (1.85 vs 1.40), 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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