HMSFX vs. MLPAX
Compare and contrast key facts about Hennessy Midstream Fund Investor Class (HMSFX) and Invesco SteelPath MLP Alpha Fund Class A (MLPAX).
HMSFX is a passively managed fund by Hennessy that tracks the performance of the Alerian US Midstream Energy Index. It was launched on Dec 31, 2013. MLPAX is an actively managed fund by Invesco. It was launched on Mar 31, 2010.
Performance
HMSFX vs. MLPAX - Performance Comparison
Loading graphics...
HMSFX vs. MLPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HMSFX Hennessy Midstream Fund Investor Class | 17.51% | -0.76% | 35.85% | 23.50% | 28.88% | 36.22% | -31.21% | 11.77% | -20.36% |
MLPAX Invesco SteelPath MLP Alpha Fund Class A | 17.20% | 4.31% | 40.77% | 20.43% | 29.07% | 39.45% | -30.58% | 5.60% | -18.49% |
Returns By Period
The year-to-date returns for both stocks are quite close, with HMSFX having a 17.51% return and MLPAX slightly lower at 17.20%.
HMSFX
- 1D
- -0.67%
- 1M
- 4.04%
- YTD
- 17.51%
- 6M
- 18.36%
- 1Y
- 8.02%
- 3Y*
- 24.20%
- 5Y*
- 23.77%
- 10Y*
- —
MLPAX
- 1D
- -0.51%
- 1M
- 3.08%
- YTD
- 17.20%
- 6M
- 19.83%
- 1Y
- 14.53%
- 3Y*
- 26.37%
- 5Y*
- 25.99%
- 10Y*
- 10.84%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HMSFX vs. MLPAX - Expense Ratio Comparison
HMSFX has a 1.75% expense ratio, which is higher than MLPAX's 1.54% expense ratio.
Return for Risk
HMSFX vs. MLPAX — Risk / Return Rank
HMSFX
MLPAX
HMSFX vs. MLPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Midstream Fund Investor Class (HMSFX) and Invesco SteelPath MLP Alpha Fund Class A (MLPAX). 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.
| HMSFX | MLPAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.42 | 0.87 | -0.45 |
Sortino ratioReturn per unit of downside risk | 0.65 | 1.18 | -0.54 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.19 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.53 | 0.93 | -0.40 |
Martin ratioReturn relative to average drawdown | 0.88 | 2.57 | -1.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| HMSFX | MLPAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 0.87 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.18 | 1.34 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.31 | +0.05 |
Correlation
The correlation between HMSFX and MLPAX is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HMSFX vs. MLPAX - Dividend Comparison
HMSFX's dividend yield for the trailing twelve months is around 7.72%, more than MLPAX's 5.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMSFX Hennessy Midstream Fund Investor Class | 7.72% | 8.89% | 8.12% | 10.11% | 11.23% | 12.99% | 15.54% | 9.26% | 4.74% | 0.00% | 0.00% | 0.00% |
MLPAX Invesco SteelPath MLP Alpha Fund Class A | 5.07% | 5.72% | 5.00% | 5.91% | 6.56% | 7.91% | 14.02% | 9.91% | 10.40% | 8.21% | 7.34% | 7.99% |
Drawdowns
HMSFX vs. MLPAX - Drawdown Comparison
The maximum HMSFX drawdown since its inception was -68.50%, smaller than the maximum MLPAX drawdown of -77.51%. Use the drawdown chart below to compare losses from any high point for HMSFX and MLPAX.
Loading graphics...
Drawdown Indicators
| HMSFX | MLPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.50% | -77.51% | +9.01% |
Max Drawdown (1Y)Largest decline over 1 year | -15.26% | -14.80% | -0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -21.17% | -21.04% | -0.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -72.85% | — |
Current DrawdownCurrent decline from peak | -0.89% | -0.61% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -12.63% | -17.21% | +4.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.17% | 5.35% | +3.82% |
Volatility
HMSFX vs. MLPAX - Volatility Comparison
Hennessy Midstream Fund Investor Class (HMSFX) has a higher volatility of 4.26% compared to Invesco SteelPath MLP Alpha Fund Class A (MLPAX) at 3.07%. This indicates that HMSFX's price experiences larger fluctuations and is considered to be riskier than MLPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| HMSFX | MLPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.26% | 3.07% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 10.31% | 7.67% | +2.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.31% | 16.71% | +2.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.25% | 19.56% | +0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.61% | 26.13% | +3.48% |