IMLPX vs. MLXIX
IMLPX (MainGate MLP Fund) and MLXIX (Catalyst Energy Infrastructure Fund) are both Energy Equities funds. Over the past 10 years, IMLPX returned 9.40%/yr vs 11.22%/yr for MLXIX. Their correlation of 0.93 suggests significant overlap in exposure. IMLPX charges 1.44%/yr vs 1.43%/yr for MLXIX.
Performance
IMLPX vs. MLXIX - Performance Comparison
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Returns By Period
In the year-to-date period, IMLPX achieves a 22.85% return, which is significantly lower than MLXIX's 33.17% return. Over the past 10 years, IMLPX has underperformed MLXIX with an annualized return of 9.40%, while MLXIX has yielded a comparatively higher 11.22% annualized return.
IMLPX
- 1D
- -0.75%
- 1M
- 1.53%
- 6M
- 22.36%
- YTD
- 22.85%
- 1Y
- 23.71%
- 3Y*
- 23.52%
- 5Y*
- 21.72%
- 10Y*
- 9.40%
MLXIX
- 1D
- -0.63%
- 1M
- 0.41%
- 6M
- 34.05%
- YTD
- 33.17%
- 1Y
- 18.67%
- 3Y*
- 22.86%
- 5Y*
- 20.44%
- 10Y*
- 11.22%
IMLPX vs. MLXIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMLPX MainGate MLP Fund | 22.85% | 2.77% | 34.76% | 20.26% | 33.69% | 44.24% | -27.81% | 7.14% | -22.20% | -7.92% |
MLXIX Catalyst Energy Infrastructure Fund | 33.17% | -8.56% | 45.26% | 15.34% | 27.02% | 42.04% | -20.02% | 12.05% | -18.48% | -13.83% |
Correlation
The correlation between IMLPX and MLXIX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Dec 24, 2014 | 0.93 |
The correlation between IMLPX and MLXIX has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.
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Return for Risk
IMLPX vs. MLXIX — Risk / Return Rank
IMLPX
MLXIX
IMLPX vs. MLXIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainGate MLP Fund (IMLPX) and Catalyst Energy Infrastructure Fund (MLXIX). 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 | MLXIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.19 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 1.45 | +2.25 |
| Martin ratioReturn relative to average drawdown | 8.46 | 2.75 | +5.71 |
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Drawdowns
IMLPX vs. MLXIX - Drawdown Comparison
The maximum IMLPX drawdown since its inception was -76.39%, roughly equal to the maximum MLXIX drawdown of -76.78%. Use the drawdown chart below to compare losses from any high point for IMLPX and MLXIX.
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Drawdown Indicators
| IMLPX | MLXIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.39% | -76.78% | +0.39% |
Max Drawdown (1Y)Largest decline over 1 year | -6.47% | -15.44% | +8.97% |
Max Drawdown (3Y)Largest decline over 3 years | -15.93% | -22.14% | +6.21% |
Max Drawdown (5Y)Largest decline over 5 years | -22.00% | -22.14% | +0.14% |
Max Drawdown (10Y)Largest decline over 10 years | -72.19% | -72.63% | +0.44% |
Current DrawdownCurrent decline from peak | -1.80% | -4.54% | +2.74% |
Average DrawdownAverage peak-to-trough decline | -17.61% | -23.05% | +5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 8.11% | -5.29% |
Volatility
IMLPX vs. MLXIX - Volatility Comparison
The current volatility for MainGate MLP Fund (IMLPX) is 5.00%, while Catalyst Energy Infrastructure Fund (MLXIX) has a volatility of 7.33%. This indicates that IMLPX experiences smaller price fluctuations and is considered to be less risky than MLXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMLPX | MLXIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 7.33% | -2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 10.78% | 16.81% | -6.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.78% | 20.44% | -6.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.14% | 22.53% | -2.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.46% | 28.08% | -1.62% |
IMLPX vs. MLXIX - Expense Ratio Comparison
IMLPX has a 1.44% expense ratio, which is higher than MLXIX's 1.43% expense ratio.
Dividends
IMLPX vs. MLXIX - Dividend Comparison
IMLPX's dividend yield for the trailing twelve months is around 4.22%, less than MLXIX's 6.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMLPX MainGate MLP Fund | 4.22% | 4.55% | 4.22% | 5.04% | 5.75% | 7.22% | 11.02% | 9.83% | 9.65% | 6.98% | 6.02% | 7.01% |
MLXIX Catalyst Energy Infrastructure Fund | 6.73% | 8.26% | 5.02% | 6.67% | 7.15% | 8.26% | 14.52% | 15.93% | 15.62% | 11.37% | 8.76% | 11.47% |
Frequently Asked Questions
IMLPX and MLXIX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MLXIX has higher volatility (7.33%) compared to IMLPX (5.00%). In terms of maximum drawdown, IMLPX dropped -76.39% vs MLXIX's -76.78%.
IMLPX currently has the higher Sharpe Ratio (1.74 vs 1.09), 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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