EIPIX vs. MLPOX
EIPIX (EIP Growth and Income Fund) and MLPOX (Invesco SteelPath MLP Alpha Fund) are both Energy Equities funds. Over the past 5 years, EIPIX returned 16.69%/yr vs 23.74%/yr for MLPOX. Their correlation of 0.84 means they have usually moved in the same direction. EIPIX charges 1.25%/yr vs 1.29%/yr for MLPOX.
Performance
EIPIX vs. MLPOX - Performance Comparison
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Returns By Period
In the year-to-date period, EIPIX achieves a 18.81% return, which is significantly lower than MLPOX's 21.85% return.
EIPIX
- 1D
- -0.35%
- 1M
- 0.45%
- 6M
- 10.73%
- YTD
- 18.81%
- 1Y
- 21.57%
- 3Y*
- 18.82%
- 5Y*
- 16.69%
- 10Y*
- —
- ALL TIME*
- 9.75%
MLPOX
- 1D
- 0.19%
- 1M
- 3.43%
- 6M
- 14.95%
- YTD
- 21.85%
- 1Y
- 23.45%
- 3Y*
- 23.81%
- 5Y*
- 23.74%
- 10Y*
- 9.35%
- ALL TIME*
- 7.62%
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 |
EIPIX vs. MLPOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIPIX EIP Growth and Income Fund | 18.81% | 11.31% | 26.74% | 6.25% | 16.19% | 21.80% | -9.85% | 23.09% | -11.68% | -0.68% |
MLPOX Invesco SteelPath MLP Alpha Fund | 21.85% | 4.47% | 40.63% | 20.44% | 29.45% | 39.81% | -30.40% | 6.71% | -14.77% | -6.96% |
Correlation
The correlation between EIPIX and MLPOX is 0.80, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2016 | 0.84 |
The correlation between EIPIX and MLPOX has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.
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Return for Risk
EIPIX vs. MLPOX — Risk / Return Rank
EIPIX
MLPOX
EIPIX vs. MLPOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for EIP Growth and Income Fund (EIPIX) 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.
| EIPIX | MLPOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.34 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.66 | 3.90 | +0.76 |
| Martin ratioReturn relative to average drawdown | 12.79 | 9.38 | +3.41 |
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Drawdowns
EIPIX vs. MLPOX - Drawdown Comparison
The maximum EIPIX drawdown since its inception was -43.98%, smaller than the maximum MLPOX drawdown of -76.99%. Use the drawdown chart below to compare losses from any high point for EIPIX and MLPOX.
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Drawdown Indicators
| EIPIX | MLPOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.98% | -76.99% | +33.01% |
Max Drawdown (1Y)Largest decline over 1 year | -4.51% | -5.93% | +1.42% |
Max Drawdown (3Y)Largest decline over 3 years | -13.00% | -15.18% | +2.18% |
Max Drawdown (5Y)Largest decline over 5 years | -16.71% | -21.17% | +4.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -72.41% | — |
Current DrawdownCurrent decline from peak | -2.26% | -1.47% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -16.29% | +11.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 2.46% | -0.82% |
Volatility
EIPIX vs. MLPOX - Volatility Comparison
EIP Growth and Income Fund (EIPIX) and Invesco SteelPath MLP Alpha Fund (MLPOX) have volatilities of 3.75% and 3.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIPIX | MLPOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 3.90% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 8.12% | 9.22% | -1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.39% | 11.73% | -1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.58% | 19.05% | -3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.63% | 25.96% | -7.33% |
EIPIX vs. MLPOX - Expense Ratio Comparison
EIPIX has a 1.25% expense ratio, which is lower than MLPOX's 1.29% expense ratio.
Dividends
EIPIX vs. MLPOX - Dividend Comparison
EIPIX's dividend yield for the trailing twelve months is around 13.21%, more than MLPOX's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIPIX EIP Growth and Income Fund | 13.21% | 15.71% | 7.60% | 4.09% | 25.10% | 3.44% | 4.02% | 3.44% | 3.45% | 1.77% | 0.78% | 0.00% |
MLPOX Invesco SteelPath MLP Alpha Fund | 4.75% | 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
EIPIX and MLPOX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MLPOX has higher volatility (3.90%) compared to EIPIX (3.75%). In terms of maximum drawdown, EIPIX dropped -43.98% vs MLPOX's -76.99%.
EIPIX currently has the higher Sharpe Ratio (2.02 vs 1.97), 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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