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IMLPX vs. EIPIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IMLPX vs. EIPIX

Last updated Jun 23, 2026

IMLPX (MainGate MLP Fund) and EIPIX (EIP Growth and Income Fund (NEW)) are both Energy Equities funds. Over the past 5 years, IMLPX returned 20.99%/yr vs 15.90%/yr for EIPIX. Their correlation of 0.84 suggests significant overlap in exposure. IMLPX charges 1.44%/yr vs 1.25%/yr for EIPIX.

Performance

IMLPX vs. EIPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MainGate MLP Fund (IMLPX) and EIP Growth and Income Fund (NEW) (EIPIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IMLPX achieves a 17.62% return, which is significantly higher than EIPIX's 15.64% return.

IMLPX

1D
-0.09%
1M
-5.60%
YTD
17.62%
6M
18.45%
1Y
18.09%
3Y*
22.92%
5Y*
20.99%
10Y*
9.27%

EIPIX

1D
0.00%
1M
-3.89%
YTD
15.64%
6M
15.98%
1Y
20.70%
3Y*
19.33%
5Y*
15.90%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IMLPX vs. EIPIX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IMLPX
MainGate MLP Fund		17.62%2.77%34.76%20.26%33.69%44.24%-27.81%7.14%-22.20%-7.92%
EIPIX
EIP Growth and Income Fund (NEW)		15.64%11.31%26.74%6.25%16.19%21.80%-9.85%23.09%-11.68%-0.68%

Correlation

The correlation between IMLPX and EIPIX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.78

Correlation (3Y)
Calculated over the trailing 3-year period

0.83

Correlation (5Y)
Calculated over the trailing 5-year period

0.86

Correlation (All Time)
Calculated using the full available price history since Oct 17, 2016

0.84

The correlation between IMLPX and EIPIX has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.

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MainGate MLP Fund

EIP Growth and Income Fund (NEW)

Often compared with IMLPX:
IMLPX vs. IEYYXIMLPX vs. FSENXIMLPX vs. JEEIXIMLPX vs. CSUIXIMLPX vs. FMGIXIMLPX vs. OEPIXIMLPX vs. RSNRX
Often compared with EIPIX:
EIPIX vs. KYNEIPIX vs. MLPD.LEIPIX vs. SDOGEIPIX vs. FSGGXEIPIX vs. SGOVEIPIX vs. VDADXEIPIX vs. VLPIX

Return for Risk

IMLPX vs. EIPIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IMLPX
IMLPX Risk / Return Rank: 3434
Overall Rank
IMLPX Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
IMLPX Sortino Ratio Rank: 2525
Sortino Ratio Rank
IMLPX Omega Ratio Rank: 2323
Omega Ratio Rank
IMLPX Calmar Ratio Rank: 6161
Calmar Ratio Rank
IMLPX Martin Ratio Rank: 3232
Martin Ratio Rank
EIPIX
EIPIX Risk / Return Rank: 7070
Overall Rank
EIPIX Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
EIPIX Sortino Ratio Rank: 6868
Sortino Ratio Rank
EIPIX Omega Ratio Rank: 5151
Omega Ratio Rank
EIPIX Calmar Ratio Rank: 9292
Calmar Ratio Rank
EIPIX Martin Ratio Rank: 7979
Martin Ratio Rank
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.

IMLPX vs. EIPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MainGate MLP Fund (IMLPX) and EIP Growth and Income Fund (NEW) (EIPIX). 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.

IMLPXEIPIXDifference
Sharpe ratioReturn per unit of total volatility
1.38
2.12

-0.74

Sortino ratioReturn per unit of downside risk
1.95
3.13

-1.18

Omega ratioGain probability vs. loss probability

1.24

1.36

-0.12

Calmar ratioReturn relative to maximum drawdown

2.88

4.67

-1.79

Martin ratioReturn relative to average drawdown

6.85

13.80

-6.95

IMLPX vs. EIPIX - Sharpe Ratio Comparison

The current IMLPX Sharpe Ratio is 1.38, which is lower than the EIPIX Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of IMLPX and EIPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IMLPX vs. EIPIX - Drawdown Comparison

The maximum IMLPX drawdown since its inception was -76.39%, which is greater than EIPIX's maximum drawdown of -43.98%. Use the drawdown chart below to compare losses from any high point for IMLPX and EIPIX.

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Drawdown Indicators

IMLPXEIPIXDifference

Max Drawdown

Largest peak-to-trough decline

-76.39%

-43.98%

-32.41%

Max Drawdown (1Y)

Largest decline over 1 year

-6.47%

-4.51%

-1.96%

Max Drawdown (3Y)

Largest decline over 3 years

-15.93%

-13.00%

-2.93%

Max Drawdown (5Y)

Largest decline over 5 years

-22.00%

-16.71%

-5.29%

Max Drawdown (10Y)

Largest decline over 10 years

-72.19%

—

—

Current Drawdown

Current decline from peak

-5.98%

-4.32%

-1.66%

Average Drawdown

Average peak-to-trough decline

-17.66%

-5.01%

-12.65%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.72%

1.52%

+1.20%

Volatility

IMLPX vs. EIPIX - Volatility Comparison

MainGate MLP Fund (IMLPX) has a higher volatility of 4.89% compared to EIP Growth and Income Fund (NEW) (EIPIX) at 3.15%. This indicates that IMLPX's price experiences larger fluctuations and is considered to be riskier than EIPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IMLPXEIPIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.89%

3.15%

+1.74%

Volatility (6M)

Calculated over the trailing 6-month period

10.44%

7.71%

+2.73%

Volatility (1Y)

Calculated over the trailing 1-year period

13.50%

9.94%

+3.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.24%

15.61%

+4.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.53%

18.69%

+7.84%

IMLPX vs. EIPIX - Expense Ratio Comparison

IMLPX has a 1.44% expense ratio, which is higher than EIPIX's 1.25% expense ratio.

Dividends

IMLPX vs. EIPIX - Dividend Comparison

IMLPX's dividend yield for the trailing twelve months is around 4.40%, less than EIPIX's 13.59% yield.

PositionTTM20252024202320222021202020192018201720162015
EIPIX
EIP Growth and Income Fund (NEW)		13.59%15.71%7.60%4.09%25.10%3.44%4.02%3.44%3.45%1.77%0.78%0.00%
IMLPX
MainGate MLP Fund		4.40%4.55%4.22%5.04%5.75%7.22%11.02%9.83%9.65%6.98%6.02%7.01%

Frequently Asked Questions

IMLPX and EIPIX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IMLPX has higher volatility (4.89%) compared to EIPIX (3.15%). In terms of maximum drawdown, IMLPX dropped -76.39% vs EIPIX's -43.98%.

EIPIX currently has the higher Sharpe Ratio (2.12 vs 1.38), 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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