FLIIX vs. MLPOX
FLIIX (First Sentier Global Listed Infrastructure Fund) and MLPOX (Invesco SteelPath MLP Alpha Fund) are both mutual funds - FLIIX is a Infrastructure Equities fund managed by First Sentier, while MLPOX is a Energy Equities fund managed by Invesco. Over the past 5 years, FLIIX returned 5.73%/yr vs 23.74%/yr for MLPOX. Their 0.47 correlation means their historical movements had little consistent relationship. FLIIX charges 0.95%/yr vs 1.29%/yr for MLPOX.
Performance
FLIIX vs. MLPOX - Performance Comparison
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Returns By Period
In the year-to-date period, FLIIX achieves a 11.47% return, which is significantly lower than MLPOX's 21.85% return.
FLIIX
- 1D
- 0.23%
- 1M
- 0.85%
- 6M
- 6.63%
- YTD
- 11.47%
- 1Y
- 6.81%
- 3Y*
- 8.67%
- 5Y*
- 5.73%
- 10Y*
- —
- ALL TIME*
- 7.45%
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 |
FLIIX vs. MLPOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLIIX First Sentier Global Listed Infrastructure Fund | 11.47% | 9.16% | 5.55% | 3.21% | -4.06% | 12.94% | -0.16% | 31.02% | -6.06% | 11.43% |
MLPOX Invesco SteelPath MLP Alpha Fund | 21.85% | 4.47% | 40.63% | 20.44% | 29.45% | 39.81% | -30.40% | 6.71% | -14.77% | -9.18% |
Correlation
The correlation between FLIIX and MLPOX is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2017 | 0.47 |
The correlation between FLIIX and MLPOX shifts across timeframes, from 0.35 (1 year) to 0.49 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FLIIX vs. MLPOX — Risk / Return Rank
FLIIX
MLPOX
FLIIX vs. MLPOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Sentier Global Listed Infrastructure Fund (FLIIX) 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.
| FLIIX | MLPOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.34 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 3.90 | -3.07 |
| Martin ratioReturn relative to average drawdown | 2.42 | 9.38 | -6.96 |
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Drawdowns
FLIIX vs. MLPOX - Drawdown Comparison
The maximum FLIIX drawdown since its inception was -35.85%, smaller than the maximum MLPOX drawdown of -76.99%. Use the drawdown chart below to compare losses from any high point for FLIIX and MLPOX.
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Drawdown Indicators
| FLIIX | MLPOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.85% | -76.99% | +41.14% |
Max Drawdown (1Y)Largest decline over 1 year | -9.57% | -5.93% | -3.64% |
Max Drawdown (3Y)Largest decline over 3 years | -10.71% | -15.18% | +4.47% |
Max Drawdown (5Y)Largest decline over 5 years | -20.61% | -21.17% | +0.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -72.41% | — |
Current DrawdownCurrent decline from peak | -1.06% | -1.47% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -16.29% | +11.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 2.46% | +0.64% |
Volatility
FLIIX vs. MLPOX - Volatility Comparison
The current volatility for First Sentier Global Listed Infrastructure Fund (FLIIX) is 2.89%, while Invesco SteelPath MLP Alpha Fund (MLPOX) has a volatility of 3.90%. This indicates that FLIIX experiences smaller price fluctuations and is considered to be less risky 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
| FLIIX | MLPOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 3.90% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 8.56% | 9.22% | -0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.53% | 11.73% | +1.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.13% | 19.05% | -4.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.60% | 25.96% | -10.36% |
FLIIX vs. MLPOX - Expense Ratio Comparison
FLIIX has a 0.95% expense ratio, which is lower than MLPOX's 1.29% expense ratio.
Dividends
FLIIX vs. MLPOX - Dividend Comparison
FLIIX has not paid dividends to shareholders, while MLPOX's dividend yield for the trailing twelve months is around 4.75%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLIIX First Sentier Global Listed Infrastructure Fund | 0.00% | 0.00% | 5.37% | 2.46% | 4.79% | 6.31% | 5.71% | 6.32% | 4.13% | 6.91% | 0.00% | 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
FLIIX and MLPOX have a correlation of 0.35, 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 FLIIX (2.89%). In terms of maximum drawdown, FLIIX dropped -35.85% vs MLPOX's -76.99%.
MLPOX currently has the higher Sharpe Ratio (1.97 vs 0.59), 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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