GAMPX vs. MLPLX
GAMPX (Goldman Sachs Energy Infrastructure Fund Class P) and MLPLX (Invesco SteelPath MLP Alpha Plus Fund Class A) are both mutual funds - GAMPX is a Infrastructure Equities fund actively managed by Goldman Sachs, while MLPLX is a MLPs fund actively managed by Invesco. Both are actively managed. Over the past 5 years, GAMPX returned 25.11%/yr vs 29.91%/yr for MLPLX. Their correlation of 0.94 means they have usually moved in the same direction. GAMPX charges 1.11%/yr vs 17.25%/yr for MLPLX.
Performance
GAMPX vs. MLPLX - Performance Comparison
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Returns By Period
In the year-to-date period, GAMPX achieves a 26.95% return, which is significantly lower than MLPLX's 32.19% return.
GAMPX
- 1D
- 0.43%
- 1M
- 3.51%
- 6M
- 19.67%
- YTD
- 26.95%
- 1Y
- 29.64%
- 3Y*
- 30.89%
- 5Y*
- 25.11%
- 10Y*
- —
- ALL TIME*
- 16.03%
MLPLX
- 1D
- 0.93%
- 1M
- 5.76%
- 6M
- 23.20%
- YTD
- 32.19%
- 1Y
- 33.50%
- 3Y*
- 29.98%
- 5Y*
- 29.91%
- 10Y*
- 9.51%
- ALL TIME*
- 6.65%
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 |
GAMPX vs. MLPLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GAMPX Goldman Sachs Energy Infrastructure Fund Class P | 26.95% | 5.43% | 58.40% | 15.11% | 19.15% | 38.33% | -17.23% | 17.00% | -12.69% |
MLPLX Invesco SteelPath MLP Alpha Plus Fund Class A | 32.19% | 4.36% | 47.10% | 25.02% | 38.31% | 55.18% | -46.03% | 8.79% | -11.21% |
Correlation
The correlation between GAMPX and MLPLX is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (All Time) Calculated using the full available price history since May 7, 2018 | 0.94 |
The correlation between GAMPX and MLPLX has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.
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Return for Risk
GAMPX vs. MLPLX — Risk / Return Rank
GAMPX
MLPLX
GAMPX vs. MLPLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Energy Infrastructure Fund Class P (GAMPX) and Invesco SteelPath MLP Alpha Plus Fund Class A (MLPLX). 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.
| GAMPX | MLPLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.32 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.07 | 3.74 | +0.33 |
| Martin ratioReturn relative to average drawdown | 9.25 | 9.12 | +0.13 |
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Drawdowns
GAMPX vs. MLPLX - Drawdown Comparison
The maximum GAMPX drawdown since its inception was -59.18%, smaller than the maximum MLPLX drawdown of -88.76%. Use the drawdown chart below to compare losses from any high point for GAMPX and MLPLX.
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Drawdown Indicators
| GAMPX | MLPLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.18% | -88.76% | +29.58% |
Max Drawdown (1Y)Largest decline over 1 year | -7.23% | -8.56% | +1.33% |
Max Drawdown (3Y)Largest decline over 3 years | -17.08% | -19.55% | +2.47% |
Max Drawdown (5Y)Largest decline over 5 years | -21.97% | -27.21% | +5.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -85.02% | — |
Current DrawdownCurrent decline from peak | -2.58% | -1.05% | -1.53% |
Average DrawdownAverage peak-to-trough decline | -8.44% | -28.70% | +20.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 3.60% | -0.43% |
Volatility
GAMPX vs. MLPLX - Volatility Comparison
Goldman Sachs Energy Infrastructure Fund Class P (GAMPX) and Invesco SteelPath MLP Alpha Plus Fund Class A (MLPLX) have volatilities of 5.26% and 5.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GAMPX | MLPLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 5.38% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 11.87% | 12.91% | -1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.88% | 16.70% | -1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.48% | 24.64% | -4.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.69% | 35.41% | -9.72% |
GAMPX vs. MLPLX - Expense Ratio Comparison
GAMPX has a 1.11% expense ratio, which is lower than MLPLX's 17.25% expense ratio.
Dividends
GAMPX vs. MLPLX - Dividend Comparison
GAMPX's dividend yield for the trailing twelve months is around 8.26%, more than MLPLX's 4.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAMPX Goldman Sachs Energy Infrastructure Fund Class P | 8.26% | 10.13% | 25.55% | 10.34% | 4.76% | 8.54% | 4.33% | 4.99% | 3.75% | 0.00% | 0.00% | 0.00% |
MLPLX Invesco SteelPath MLP Alpha Plus Fund Class A | 4.78% | 5.70% | 4.42% | 5.92% | 6.79% | 8.75% | 22.54% | 14.33% | 13.67% | 9.68% | 7.88% | 9.20% |
Frequently Asked Questions
With a correlation of 0.94, GAMPX and MLPLX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
MLPLX has higher volatility (5.38%) compared to GAMPX (5.26%). In terms of maximum drawdown, GAMPX dropped -59.18% vs MLPLX's -88.76%.
GAMPX currently has the higher Sharpe Ratio (1.98 vs 1.92), 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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