IMLPX vs. JEEIX

Last updated Aug 1, 2026

IMLPX (MainGate MLP Fund) and JEEIX (JHancock Infrastructure Fund) are both mutual funds - IMLPX is a Energy Equities fund managed by MainGate, while JEEIX is a Infrastructure Equities fund managed by John Hancock. Over the past 10 years, IMLPX returned 9.83%/yr vs 8.97%/yr for JEEIX. Their 0.46 correlation means their historical movements had little consistent relationship. IMLPX charges 1.44%/yr vs 0.95%/yr for JEEIX.

Performance

IMLPX vs. JEEIX - Performance Comparison

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

Returns By Period

In the year-to-date period, IMLPX achieves a 23.80% return, which is significantly higher than JEEIX's 12.65% return. Over the past 10 years, IMLPX has outperformed JEEIX with an annualized return of 9.83%, while JEEIX has yielded a comparatively lower 8.97% annualized return.

IMLPX

• 1D: 0.25%
• 1M: 3.28%
• 6M: 15.71%
• YTD: 23.80%
• 1Y: 24.31%
• 3Y*: 21.80%
• 5Y*: 23.56%
• 10Y*: 9.83%
• ALL TIME*: 7.85%

JEEIX

• 1D: 0.46%
• 1M: 0.36%
• 6M: 6.06%
• YTD: 12.65%
• 1Y: 20.77%
• 3Y*: 17.78%
• 5Y*: 9.55%
• 10Y*: 8.97%
• ALL TIME*: 8.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IMLPX MainGate MLP Fund	$0.00	$0.00	$0.00
JEEIX JHancock Infrastructure Fund	$0.00	$0.00	$0.00

IMLPX vs. JEEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IMLPX MainGate MLP Fund	23.80%	2.77%	34.76%	20.26%	33.69%	44.24%	-27.81%	7.14%	-22.20%	-7.92%
JEEIX JHancock Infrastructure Fund	12.65%	25.51%	13.24%	4.74%	-8.48%	13.97%	2.53%	23.46%	-1.43%	17.09%

Correlation

The correlation between IMLPX and JEEIX is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.40
Correlation (3Y) Balances recent behavior with more history.	0.47
Correlation (5Y) Shows whether the relationship held over a longer period.	0.50
Correlation (10Y) Provides a long-term view across more market conditions.	0.45
Correlation (All Time) Calculated using the full available price history since Dec 24, 2013	0.46

The correlation between IMLPX and JEEIX shifts across timeframes, from 0.40 (1 year) to 0.50 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

IMLPX vs. JEEIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IMLPX

IMLPX Risk / Return Rank: 73
IMLPX Sharpe Ratio Rank: 73
IMLPX Sortino Ratio Rank: 69
IMLPX Omega Ratio Rank: 64
IMLPX Calmar Ratio Rank: 92
IMLPX Martin Ratio Rank: 65

JEEIX

JEEIX Risk / Return Rank: 82
JEEIX Sharpe Ratio Rank: 87
JEEIX Sortino Ratio Rank: 85
JEEIX Omega Ratio Rank: 82
JEEIX Calmar Ratio Rank: 89
JEEIX Martin Ratio Rank: 68

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IMLPX vs. JEEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MainGate MLP Fund (IMLPX) and JHancock Infrastructure Fund (JEEIX). 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.

	IMLPX	JEEIX	Difference
Sharpe ratio: Return per unit of total volatility	1.73	2.15	-0.41
Sortino ratio: Return per unit of downside risk	2.42	3.07	-0.66
Omega ratio: Gain probability vs. loss probability	1.29	1.39	-0.09
Calmar ratio: Return relative to maximum drawdown	3.72	3.27	+0.45
Martin ratio: Return relative to average drawdown	8.46	8.36	+0.09

IMLPX vs. JEEIX - Sharpe Ratio Comparison

The current IMLPX Sharpe Ratio is 1.73, which is comparable to the JEEIX Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of IMLPX and JEEIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IMLPX vs. JEEIX - Drawdown Comparison

The maximum IMLPX drawdown since its inception was -76.39%, which is greater than JEEIX's maximum drawdown of -30.39%. Use the drawdown chart below to compare losses from any high point for IMLPX and JEEIX.

Drawdown Indicators

	IMLPX	JEEIX	Difference
Max Drawdown Largest peak-to-trough decline	-76.39%	-30.39%	-46.00%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-6.56%	+0.09%
Max Drawdown (3Y) Largest decline over 3 years	-15.93%	-8.78%	-7.15%
Max Drawdown (5Y) Largest decline over 5 years	-22.00%	-22.02%	+0.02%
Max Drawdown (10Y) Largest decline over 10 years	-72.19%	-30.39%	-41.80%
Current Drawdown Current decline from peak	-2.53%	-3.16%	+0.63%
Average Drawdown Average peak-to-trough decline	-17.54%	-4.45%	-13.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	2.56%	+0.28%

Volatility

IMLPX vs. JEEIX - Volatility Comparison

MainGate MLP Fund (IMLPX) has a higher volatility of 4.92% compared to JHancock Infrastructure Fund (JEEIX) at 3.18%. This indicates that IMLPX's price experiences larger fluctuations and is considered to be riskier than JEEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IMLPX	JEEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.92%	3.18%	+1.74%
Volatility (6M) Calculated over the trailing 6-month period	11.08%	8.00%	+3.08%
Volatility (1Y) Calculated over the trailing 1-year period	13.87%	9.99%	+3.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.84%	12.84%	+7.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.44%	14.09%	+12.35%

IMLPX vs. JEEIX - Expense Ratio Comparison

IMLPX has a 1.44% expense ratio, which is higher than JEEIX's 0.95% expense ratio.

Dividends

IMLPX vs. JEEIX - Dividend Comparison

IMLPX's dividend yield for the trailing twelve months is around 4.53%, more than JEEIX's 1.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IMLPX MainGate MLP Fund	4.53%	4.55%	4.22%	5.04%	5.75%	7.22%	11.02%	9.83%	9.65%	6.98%	6.02%	7.01%
JEEIX JHancock Infrastructure Fund	1.84%	2.37%	2.48%	2.25%	1.93%	6.70%	2.24%	4.69%	4.25%	2.29%	2.27%	1.42%

Frequently Asked Questions

Can I hold both IMLPX and JEEIX in my portfolio?

IMLPX and JEEIX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IMLPX or JEEIX?

IMLPX has higher volatility (4.92%) compared to JEEIX (3.18%). In terms of maximum drawdown, IMLPX dropped -76.39% vs JEEIX's -30.39%.

Which has better risk-adjusted returns?

JEEIX currently has the higher Sharpe Ratio (2.15 vs 1.73), 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.