IYE vs. MLPI
IYE (iShares U.S. Energy ETF) and MLPI (Neos MLP & Energy Infrastructure High Income ETF) are both Energy Equities funds. IYE is passively managed, while MLPI is actively managed. A 0.70 correlation means they provide meaningful diversification when combined. IYE charges 0.42%/yr vs 0.68%/yr for MLPI.
Performance
IYE vs. MLPI - Performance Comparison
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Returns By Period
In the year-to-date period, IYE achieves a 31.90% return, which is significantly higher than MLPI's 17.58% return.
IYE
- 1D
- 1.33%
- 1M
- -1.02%
- YTD
- 31.90%
- 6M
- 29.37%
- 1Y
- 44.08%
- 3Y*
- 17.12%
- 5Y*
- 19.52%
- 10Y*
- 9.00%
MLPI
- 1D
- 0.04%
- 1M
- -3.13%
- YTD
- 17.58%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYE vs. MLPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IYE iShares U.S. Energy ETF | 31.90% | 2.19% |
MLPI Neos MLP & Energy Infrastructure High Income ETF | 17.58% | 0.56% |
Correlation
The correlation between IYE and MLPI is 0.70, 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 19, 2025 | 0.70 |
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Return for Risk
IYE vs. MLPI — Risk / Return Rank
IYE
MLPI
IYE vs. MLPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Energy ETF (IYE) 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.
| IYE | MLPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.36 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | — | — |
| Martin ratioReturn relative to average drawdown | 10.99 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IYE | MLPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 3.49 | -3.23 |
Drawdowns
IYE vs. MLPI - Drawdown Comparison
The maximum IYE drawdown since its inception was -73.74%, which is greater than MLPI's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for IYE and MLPI.
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Drawdown Indicators
| IYE | MLPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.74% | -5.38% | -68.36% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -20.37% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -68.59% | — | — |
Current DrawdownCurrent decline from peak | -5.77% | -3.84% | -1.93% |
Average DrawdownAverage peak-to-trough decline | -19.36% | -1.27% | -18.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.02% | — | — |
Volatility
IYE vs. MLPI - Volatility Comparison
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Volatility by Period
| IYE | MLPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.92% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.13% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.99% | 13.05% | +6.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.71% | 13.05% | +12.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.52% | 13.05% | +16.47% |
IYE vs. MLPI - Expense Ratio Comparison
IYE has a 0.42% expense ratio, which is lower than MLPI's 0.68% expense ratio.
Dividends
IYE vs. MLPI - Dividend Comparison
IYE's dividend yield for the trailing twelve months is around 2.13%, less than MLPI's 6.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYE iShares U.S. Energy ETF | 2.13% | 2.85% | 2.75% | 2.99% | 3.37% | 2.98% | 4.75% | 6.60% | 3.16% | 2.66% | 2.11% | 3.39% |
MLPI Neos MLP & Energy Infrastructure High Income ETF | 6.04% | 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
IYE and MLPI have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IYE is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IYE is cheaper with a 0.42% expense ratio, compared with 0.68% for MLPI.
MLPI has the higher dividend yield at 6.04%, compared with 2.13% for IYE.
They also come from different issuers: iShares and Neos. Their fees differ too: 0.42% for IYE and 0.68% for MLPI.
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