FMGIX vs. EIPIX
FMGIX (Frontier MFG Core Infrastructure Fund) and EIPIX (EIP Growth and Income Fund) are both mutual funds - FMGIX is a Infrastructure Equities fund managed by Frontier, while EIPIX is a Energy Equities fund managed by EIP Funds. Over the past 5 years, FMGIX returned 12.12%/yr vs 16.69%/yr for EIPIX. Their 0.63 correlation means they have sometimes moved together and sometimes differently. FMGIX charges 0.50%/yr vs 1.25%/yr for EIPIX.
Performance
FMGIX vs. EIPIX - Performance Comparison
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Returns By Period
In the year-to-date period, FMGIX achieves a 8.65% return, which is significantly lower than EIPIX's 18.81% return.
FMGIX
- 1D
- 0.29%
- 1M
- -1.35%
- 6M
- 4.62%
- YTD
- 8.65%
- 1Y
- 12.99%
- 3Y*
- 21.68%
- 5Y*
- 12.12%
- 10Y*
- 9.69%
- ALL TIME*
- 10.38%
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%
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 |
FMGIX vs. EIPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMGIX Frontier MFG Core Infrastructure Fund | 8.65% | 22.67% | 34.26% | 4.86% | -9.46% | 13.84% | -1.36% | 28.00% | -6.62% | 20.25% |
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% |
Correlation
The correlation between FMGIX and EIPIX is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2016 | 0.63 |
The correlation between FMGIX and EIPIX has been stable across timeframes, ranging from 0.58 to 0.63 - a consistent structural relationship.
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Return for Risk
FMGIX vs. EIPIX — Risk / Return Rank
FMGIX
EIPIX
FMGIX vs. EIPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Frontier MFG Core Infrastructure Fund (FMGIX) and EIP Growth and Income Fund (EIPIX). 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.
| FMGIX | EIPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.34 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 4.66 | -2.74 |
| Martin ratioReturn relative to average drawdown | 5.33 | 12.79 | -7.46 |
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Drawdowns
FMGIX vs. EIPIX - Drawdown Comparison
The maximum FMGIX drawdown since its inception was -57.57%, which is greater than EIPIX's maximum drawdown of -43.98%. Use the drawdown chart below to compare losses from any high point for FMGIX and EIPIX.
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Drawdown Indicators
| FMGIX | EIPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.57% | -43.98% | -13.59% |
Max Drawdown (1Y)Largest decline over 1 year | -7.11% | -4.51% | -2.60% |
Max Drawdown (3Y)Largest decline over 3 years | -20.56% | -13.00% | -7.56% |
Max Drawdown (5Y)Largest decline over 5 years | -26.61% | -16.71% | -9.90% |
Max Drawdown (10Y)Largest decline over 10 years | -57.57% | — | — |
Current DrawdownCurrent decline from peak | -3.53% | -2.26% | -1.27% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -4.97% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 1.64% | +0.92% |
Volatility
FMGIX vs. EIPIX - Volatility Comparison
The current volatility for Frontier MFG Core Infrastructure Fund (FMGIX) is 3.18%, while EIP Growth and Income Fund (EIPIX) has a volatility of 3.75%. This indicates that FMGIX experiences smaller price fluctuations and is considered to be less risky than EIPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMGIX | EIPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 3.75% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 9.02% | 8.12% | +0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.58% | 10.39% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.53% | 15.58% | +12.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.56% | 18.63% | +33.93% |
FMGIX vs. EIPIX - Expense Ratio Comparison
FMGIX has a 0.50% expense ratio, which is lower than EIPIX's 1.25% expense ratio.
Dividends
FMGIX vs. EIPIX - Dividend Comparison
FMGIX's dividend yield for the trailing twelve months is around 30.68%, more than EIPIX's 13.21% 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% |
FMGIX Frontier MFG Core Infrastructure Fund | 30.68% | 33.65% | 48.77% | 4.79% | 3.98% | 2.63% | 2.38% | 2.63% | 3.09% | 3.15% | 2.83% | 2.79% |
Frequently Asked Questions
FMGIX and EIPIX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EIPIX has higher volatility (3.75%) compared to FMGIX (3.18%). In terms of maximum drawdown, FMGIX dropped -57.57% vs EIPIX's -43.98%.
EIPIX currently has the higher Sharpe Ratio (2.02 vs 1.29), 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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