INFR vs. MLPI

Last updated Jun 26, 2026

INFR (ClearBridge Sustainable Infrastructure ETF) and MLPI (NEOS MLP & Energy Infrastructure High Income ETF) are both exchange-traded funds - INFR is a Energy Equities fund tracking the RARE Global Infrastructure Index, while MLPI is a MLPs fund actively managed by NEOS. INFR is passively managed, while MLPI is actively managed. At a 0.05 correlation, their price movements are largely independent. INFR charges 0.59%/yr vs 0.68%/yr for MLPI.

Performance

INFR vs. MLPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ClearBridge Sustainable Infrastructure ETF (INFR) and NEOS MLP & Energy Infrastructure High Income ETF (MLPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INFR achieves a 1.41% return, which is significantly lower than MLPI's 19.93% return.

INFR

• 1D: 0.00%
• 1M: 0.00%
• YTD: 1.41%
• 6M: 1.39%
• 1Y: 6.72%
• 3Y*: 5.42%
• 5Y*: —
• 10Y*: —

MLPI

• 1D: 0.92%
• 1M: -0.51%
• YTD: 19.93%
• 6M: 19.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

INFR vs. MLPI - Yearly Performance Comparison

	2026 (YTD)	2025
INFR ClearBridge Sustainable Infrastructure ETF	1.41%	1.19%
MLPI NEOS MLP & Energy Infrastructure High Income ETF	19.93%	0.36%

Correlation

The correlation between INFR and MLPI is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025	0.05

Return for Risk

INFR vs. MLPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ClearBridge Sustainable Infrastructure ETF (INFR) and NEOS MLP & Energy Infrastructure High Income ETF (MLPI). 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.

	INFR	MLPI	Difference
Sharpe ratio: Return per unit of total volatility	0.93	—	—
Sortino ratio: Return per unit of downside risk	1.36	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.28	—	—
Martin ratio: Return relative to average drawdown	3.97	—	—

Drawdowns

INFR vs. MLPI - Drawdown Comparison

The maximum INFR drawdown since its inception was -19.28%, which is greater than MLPI's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for INFR and MLPI.

Drawdown Indicators

	INFR	MLPI	Difference
Max Drawdown Largest peak-to-trough decline	-19.28%	-5.38%	-13.90%
Max Drawdown (1Y) Largest decline over 1 year	-6.43%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.48%	—	—
Current Drawdown Current decline from peak	-0.70%	-1.91%	+1.21%
Average Drawdown Average peak-to-trough decline	-4.91%	-1.50%	-3.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	—	—

Volatility

Volatility by Period

	INFR	MLPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.73%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.90%	13.04%	-4.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.24%	13.04%	+1.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.24%	13.04%	+1.20%

INFR vs. MLPI - Expense Ratio Comparison

INFR has a 0.59% expense ratio, which is lower than MLPI's 0.68% expense ratio.

Dividends

INFR vs. MLPI - Dividend Comparison

INFR has not paid dividends to shareholders, while MLPI's dividend yield for the trailing twelve months is around 7.17%.

Position	TTM	2025	2024	2023
INFR ClearBridge Sustainable Infrastructure ETF	1.71%	2.52%	2.36%	3.06%
MLPI NEOS MLP & Energy Infrastructure High Income ETF	7.17%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both INFR and MLPI in my portfolio?

INFR and MLPI have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, INFR or MLPI?

On fees, INFR is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, INFR or MLPI?

INFR is cheaper with a 0.59% expense ratio, compared with 0.68% for MLPI.

Which ETF pays a higher dividend yield, INFR or MLPI?

MLPI has the higher dividend yield at 7.17%, compared with 1.71% for INFR.

What is the main difference between INFR and MLPI?

INFR is categorized as Energy Equities, while MLPI is MLPs. They also come from different issuers: ClearBridge and NEOS. Their fees differ too: 0.59% for INFR and 0.68% for MLPI.