IXC vs. MLPI
IXC (iShares Global Energy ETF) and MLPI (NEOS MLP & Energy Infrastructure High Income ETF) are both exchange-traded funds - IXC is a Energy Equities fund tracking the S&P Global 1200 Energy Capped Index, while MLPI is a MLPs fund actively managed by NEOS. IXC is passively managed, while MLPI is actively managed. A 0.68 correlation means they provide meaningful diversification when combined. IXC charges 0.40%/yr vs 0.68%/yr for MLPI.
Performance
IXC vs. MLPI - Performance Comparison
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Returns By Period
In the year-to-date period, IXC achieves a 22.29% return, which is significantly higher than MLPI's 19.61% return.
IXC
- 1D
- 0.44%
- 1M
- -8.68%
- YTD
- 22.29%
- 6M
- 23.05%
- 1Y
- 31.78%
- 3Y*
- 16.38%
- 5Y*
- 17.77%
- 10Y*
- 9.38%
MLPI
- 1D
- 1.09%
- 1M
- -2.18%
- YTD
- 19.61%
- 6M
- 18.17%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IXC vs. MLPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IXC iShares Global Energy ETF | 22.29% | 1.62% |
MLPI NEOS MLP & Energy Infrastructure High Income ETF | 19.61% | 0.36% |
Correlation
The correlation between IXC and MLPI is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025 | 0.68 |
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Return for Risk
IXC vs. MLPI — Risk / Return Rank
IXC
MLPI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IXC vs. MLPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Energy ETF (IXC) 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.
| IXC | MLPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.28 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | — | — |
| Martin ratioReturn relative to average drawdown | 8.40 | — | — |
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Drawdowns
IXC vs. MLPI - Drawdown Comparison
The maximum IXC drawdown since its inception was -67.88%, which is greater than MLPI's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for IXC and MLPI.
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Drawdown Indicators
| IXC | MLPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.88% | -5.38% | -62.50% |
Max Drawdown (1Y)Largest decline over 1 year | -13.31% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.93% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -64.16% | — | — |
Current DrawdownCurrent decline from peak | -11.99% | -2.18% | -9.81% |
Average DrawdownAverage peak-to-trough decline | -17.46% | -1.49% | -15.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.80% | — | — |
Volatility
IXC vs. MLPI - Volatility Comparison
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Volatility by Period
| IXC | MLPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.54% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.76% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.16% | 13.05% | +6.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.48% | 13.05% | +10.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.83% | 13.05% | +13.78% |
IXC vs. MLPI - Expense Ratio Comparison
IXC has a 0.40% expense ratio, which is lower than MLPI's 0.68% expense ratio.
Dividends
IXC vs. MLPI - Dividend Comparison
IXC's dividend yield for the trailing twelve months is around 3.11%, less than MLPI's 7.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXC iShares Global Energy ETF | 3.11% | 3.68% | 4.56% | 3.45% | 4.76% | 3.98% | 4.86% | 7.00% | 3.51% | 3.05% | 2.86% | 3.77% |
MLPI NEOS MLP & Energy Infrastructure High Income ETF | 7.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IXC and MLPI have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IXC is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IXC is cheaper with a 0.40% expense ratio, compared with 0.68% for MLPI.
MLPI has the higher dividend yield at 7.19%, compared with 3.11% for IXC.
IXC is categorized as Energy Equities, while MLPI is MLPs. They also come from different issuers: iShares and NEOS. Their fees differ too: 0.40% for IXC and 0.68% for MLPI.
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