FSTEX vs. MGIFX

Last updated Jul 11, 2026

FSTEX (Invesco Energy Fund) and MGIFX (Mondrian Global Listed Infrastructure Fund) are both Energy Equities funds. At a 0.38 correlation, their price movements are largely independent. FSTEX charges 1.36%/yr vs 0.95%/yr for MGIFX.

Performance

FSTEX vs. MGIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Energy Fund (FSTEX) and Mondrian Global Listed Infrastructure Fund (MGIFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FSTEX

• 1D: -1.27%
• 1M: -5.97%
• 6M: 19.30%
• YTD: 22.17%
• 1Y: 25.91%
• 3Y*: 15.88%
• 5Y*: 20.39%
• 10Y*: 6.21%

MGIFX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FSTEX vs. MGIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FSTEX Invesco Energy Fund	22.17%	12.31%	6.00%	0.28%	52.85%	55.99%	-32.13%	4.78%	0.39%
MGIFX Mondrian Global Listed Infrastructure Fund	13.34%	28.20%	-0.47%	7.88%	-3.61%	11.74%	-0.69%	31.06%	0.00%

Correlation

The correlation between FSTEX and MGIFX is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (All Time) Calculated using the full available price history since Dec 31, 2018	0.38

Over the past year, the correlation between FSTEX and MGIFX has dropped to 0.10 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.

Return for Risk

FSTEX vs. MGIFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSTEX

FSTEX Risk / Return Rank: 34
FSTEX Sharpe Ratio Rank: 40
FSTEX Sortino Ratio Rank: 35
FSTEX Omega Ratio Rank: 34
FSTEX Calmar Ratio Rank: 32
FSTEX Martin Ratio Rank: 32

MGIFX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

FSTEX vs. MGIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Energy Fund (FSTEX) and Mondrian Global Listed Infrastructure Fund (MGIFX). 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.

	FSTEX	MGIFX	Difference
Sharpe ratio: Return per unit of total volatility	1.39	—	—
Sortino ratio: Return per unit of downside risk	1.87	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	1.66	—	—
Martin ratio: Return relative to average drawdown	5.54	—	—

Drawdowns

Drawdown Indicators

	FSTEX	MGIFX	Difference
Max Drawdown Largest peak-to-trough decline	-83.31%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-16.54%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.58%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.88%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-73.41%	—	—
Current Drawdown Current decline from peak	-12.50%	—	—
Average Drawdown Average peak-to-trough decline	-25.16%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.92%	—	—

Volatility

Volatility by Period

	FSTEX	MGIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.28%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.26%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.69%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.10%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.60%	—	—

FSTEX vs. MGIFX - Expense Ratio Comparison

FSTEX has a 1.36% expense ratio, which is higher than MGIFX's 0.95% expense ratio.

Dividends

FSTEX vs. MGIFX - Dividend Comparison

FSTEX's dividend yield for the trailing twelve months is around 1.82%, less than MGIFX's 49.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSTEX Invesco Energy Fund	1.82%	2.22%	4.03%	2.11%	0.89%	1.80%	2.21%	1.53%	3.05%	2.22%	1.10%	1.58%
MGIFX Mondrian Global Listed Infrastructure Fund	49.24%	7.56%	3.17%	5.41%	8.60%	7.13%	6.18%	6.74%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FSTEX and MGIFX in my portfolio?

FSTEX and MGIFX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.