HMSFX vs. MLPLX
Compare and contrast key facts about Hennessy Midstream Fund Investor Class (HMSFX) and Invesco SteelPath MLP Alpha Plus Fund Class A (MLPLX).
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. MLPLX is an actively managed fund by Invesco. It was launched on Feb 6, 2012.
Performance
HMSFX vs. MLPLX - Performance Comparison
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HMSFX vs. MLPLX - 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% |
MLPLX Invesco SteelPath MLP Alpha Plus Fund Class A | 24.85% | 4.36% | 47.10% | 25.02% | 38.31% | 55.18% | -46.03% | 8.79% | -24.24% |
Returns By Period
In the year-to-date period, HMSFX achieves a 17.51% return, which is significantly lower than MLPLX's 24.85% return.
HMSFX
- 1D
- -0.67%
- 1M
- 4.04%
- YTD
- 17.51%
- 6M
- 18.36%
- 1Y
- 8.02%
- 3Y*
- 24.20%
- 5Y*
- 23.77%
- 10Y*
- —
MLPLX
- 1D
- -0.68%
- 1M
- 4.13%
- YTD
- 24.85%
- 6M
- 28.08%
- 1Y
- 19.00%
- 3Y*
- 32.02%
- 5Y*
- 33.16%
- 10Y*
- 12.01%
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HMSFX vs. MLPLX - Expense Ratio Comparison
HMSFX has a 1.75% expense ratio, which is lower than MLPLX's 17.25% expense ratio.
Return for Risk
HMSFX vs. MLPLX — Risk / Return Rank
HMSFX
MLPLX
HMSFX vs. MLPLX - 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 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.
| HMSFX | MLPLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.42 | 0.86 | -0.45 |
Sortino ratioReturn per unit of downside risk | 0.65 | 1.18 | -0.54 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.18 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.53 | 0.96 | -0.43 |
Martin ratioReturn relative to average drawdown | 0.88 | 2.19 | -1.31 |
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
| HMSFX | MLPLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 0.86 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.18 | 1.32 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.19 | +0.17 |
Correlation
The correlation between HMSFX and MLPLX 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. MLPLX - Dividend Comparison
HMSFX's dividend yield for the trailing twelve months is around 7.72%, more than MLPLX's 4.78% 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% |
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% |
Drawdowns
HMSFX vs. MLPLX - Drawdown Comparison
The maximum HMSFX drawdown since its inception was -68.50%, smaller than the maximum MLPLX drawdown of -88.76%. Use the drawdown chart below to compare losses from any high point for HMSFX and MLPLX.
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Drawdown Indicators
| HMSFX | MLPLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.50% | -88.76% | +20.26% |
Max Drawdown (1Y)Largest decline over 1 year | -15.26% | -18.61% | +3.35% |
Max Drawdown (5Y)Largest decline over 5 years | -21.17% | -27.21% | +6.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -85.02% | — |
Current DrawdownCurrent decline from peak | -0.89% | -1.09% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -12.63% | -29.30% | +16.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.17% | 8.17% | +1.00% |
Volatility
HMSFX vs. MLPLX - Volatility Comparison
Hennessy Midstream Fund Investor Class (HMSFX) and Invesco SteelPath MLP Alpha Plus Fund Class A (MLPLX) have volatilities of 4.26% and 4.20%, 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
| HMSFX | MLPLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.26% | 4.20% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 10.31% | 11.08% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.31% | 22.04% | -2.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.25% | 25.38% | -5.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.61% | 35.79% | -6.18% |