FTXN vs. MLPI
FTXN (First Trust Nasdaq Oil & Gas ETF) and MLPI (Neos MLP & Energy Infrastructure High Income ETF) are both Energy Equities funds. FTXN is passively managed, while MLPI is actively managed. A 0.69 correlation means they provide meaningful diversification when combined. FTXN charges 0.60%/yr vs 0.68%/yr for MLPI.
Performance
FTXN vs. MLPI - Performance Comparison
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Returns By Period
In the year-to-date period, FTXN achieves a 32.82% return, which is significantly higher than MLPI's 18.70% return.
FTXN
- 1D
- 0.19%
- 1M
- -2.34%
- YTD
- 32.82%
- 6M
- 27.63%
- 1Y
- 42.55%
- 3Y*
- 16.12%
- 5Y*
- 17.77%
- 10Y*
- —
MLPI
- 1D
- 0.96%
- 1M
- -1.95%
- YTD
- 18.70%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTXN vs. MLPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FTXN First Trust Nasdaq Oil & Gas ETF | 32.82% | 2.11% |
MLPI Neos MLP & Energy Infrastructure High Income ETF | 18.70% | 0.56% |
Correlation
The correlation between FTXN and MLPI is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 19, 2025 | 0.69 |
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Return for Risk
FTXN vs. MLPI — Risk / Return Rank
FTXN
MLPI
FTXN vs. MLPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Oil & Gas ETF (FTXN) 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.
| FTXN | MLPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.30 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | — | — |
| Martin ratioReturn relative to average drawdown | 8.77 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FTXN | MLPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 3.69 | -3.41 |
Drawdowns
FTXN vs. MLPI - Drawdown Comparison
The maximum FTXN drawdown since its inception was -73.49%, which is greater than MLPI's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for FTXN and MLPI.
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Drawdown Indicators
| FTXN | MLPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.49% | -5.38% | -68.11% |
Max Drawdown (1Y)Largest decline over 1 year | -13.59% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -26.96% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.97% | — | — |
Current DrawdownCurrent decline from peak | -7.29% | -2.92% | -4.37% |
Average DrawdownAverage peak-to-trough decline | -19.23% | -1.28% | -17.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.86% | — | — |
Volatility
FTXN vs. MLPI - Volatility Comparison
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Volatility by Period
| FTXN | MLPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.95% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 17.82% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.92% | 13.05% | +9.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.67% | 13.05% | +16.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.80% | 13.05% | +18.75% |
FTXN vs. MLPI - Expense Ratio Comparison
FTXN has a 0.60% expense ratio, which is lower than MLPI's 0.68% expense ratio.
Dividends
FTXN vs. MLPI - Dividend Comparison
FTXN's dividend yield for the trailing twelve months is around 2.04%, less than MLPI's 5.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FTXN First Trust Nasdaq Oil & Gas ETF | 2.04% | 2.83% | 2.51% | 3.41% | 2.26% | 1.04% | 1.76% | 2.72% | 2.16% | 1.78% | 0.20% |
MLPI Neos MLP & Energy Infrastructure High Income ETF | 5.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FTXN and MLPI have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FTXN is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FTXN is cheaper with a 0.60% expense ratio, compared with 0.68% for MLPI.
MLPI has the higher dividend yield at 5.99%, compared with 2.04% for FTXN.
They also come from different issuers: First Trust and Neos. Their fees differ too: 0.60% for FTXN and 0.68% for MLPI.
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