FTWO vs. MLPI

Last updated Apr 1, 2026

Compare and contrast key facts about Strive Natural Resources and Security ETF (FTWO) and Neos MLP & Energy Infrastructure High Income ETF (MLPI).

FTWO and MLPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTWO is a passively managed fund by Strive that tracks the performance of the Bloomberg Natural Resources and Security Total Return Index. It was launched on Aug 30, 2023. MLPI is an actively managed fund by Neos. It was launched on Dec 17, 2025.

Performance

FTWO vs. MLPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive Natural Resources and Security ETF (FTWO) and Neos MLP & Energy Infrastructure High Income ETF (MLPI). The values are adjusted to include any dividend payments, if applicable.

FTWO vs. MLPI - Yearly Performance Comparison

	2026 (YTD)	2025
FTWO Strive Natural Resources and Security ETF	11.99%	1.30%
MLPI Neos MLP & Energy Infrastructure High Income ETF	17.27%	0.56%

Returns By Period

In the year-to-date period, FTWO achieves a 11.99% return, which is significantly lower than MLPI's 17.27% return.

FTWO

• 1D: 1.11%
• 1M: -7.25%
• YTD: 11.99%
• 6M: 15.96%
• 1Y: 49.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MLPI

• 1D: -0.40%
• 1M: 3.16%
• YTD: 17.27%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FTWO vs. MLPI - Expense Ratio Comparison

FTWO has a 0.49% expense ratio, which is lower than MLPI's 0.68% expense ratio.

MLPI

Neos MLP & Energy Infrastructure High Income ETF

FTWO

Strive Natural Resources and Security ETF

Return for Risk

FTWO vs. MLPI — Risk / Return Rank

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

FTWO

FTWO Risk / Return Rank: 93
FTWO Sharpe Ratio Rank: 93
FTWO Sortino Ratio Rank: 93
FTWO Omega Ratio Rank: 93
FTWO Calmar Ratio Rank: 94
FTWO Martin Ratio Rank: 95

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.

FTWO vs. MLPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive Natural Resources and Security ETF (FTWO) and Neos MLP & Energy Infrastructure High Income ETF (MLPI). 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.

	FTWO	MLPI	Difference
Sharpe ratio Return per unit of total volatility	2.22	—	—
Sortino ratio Return per unit of downside risk	2.83	—	—
Omega ratio Gain probability vs. loss probability	1.42	—	—
Calmar ratio Return relative to maximum drawdown	3.68	—	—
Martin ratio Return relative to average drawdown	15.61	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FTWO	MLPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.22	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.44	7.48	-6.05

Correlation

The correlation between FTWO and MLPI is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FTWO vs. MLPI - Dividend Comparison

FTWO's dividend yield for the trailing twelve months is around 1.00%, less than MLPI's 3.49% yield.

	TTM	2025	2024	2023
FTWO Strive Natural Resources and Security ETF	1.00%	1.02%	1.23%	0.59%
MLPI Neos MLP & Energy Infrastructure High Income ETF	3.49%	0.00%	0.00%	0.00%

Drawdowns

FTWO vs. MLPI - Drawdown Comparison

The maximum FTWO drawdown since its inception was -18.17%, which is greater than MLPI's maximum drawdown of -2.78%. Use the drawdown chart below to compare losses from any high point for FTWO and MLPI.

Drawdown Indicators

	FTWO	MLPI	Difference
Max Drawdown Largest peak-to-trough decline	-18.17%	-2.78%	-15.39%
Max Drawdown (1Y) Largest decline over 1 year	-13.63%	—	—
Current Drawdown Current decline from peak	-8.30%	-1.19%	-7.11%
Average Drawdown Average peak-to-trough decline	-3.13%	-0.60%	-2.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.21%	—	—

Volatility

Volatility by Period

	FTWO	MLPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.68%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.54%	11.12%	+11.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.25%	11.12%	+8.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.25%	11.12%	+8.13%