JEEIX vs. MLPZX

Last updated Jun 5, 2026

JEEIX (JHancock Infrastructure Fund) and MLPZX (Invesco SteelPath MLP Income Fund) are both Energy Equities funds. Over the past 10 years, JEEIX returned 9.11%/yr vs 9.78%/yr for MLPZX. At a 0.45 correlation, their price movements are largely independent. JEEIX charges 0.95%/yr vs 1.10%/yr for MLPZX.

Performance

JEEIX vs. MLPZX - Performance Comparison

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

Returns By Period

In the year-to-date period, JEEIX achieves a 9.80% return, which is significantly lower than MLPZX's 19.69% return. Over the past 10 years, JEEIX has underperformed MLPZX with an annualized return of 9.11%, while MLPZX has yielded a comparatively higher 9.78% annualized return.

JEEIX

• 1D: -0.36%
• 1M: -3.48%
• YTD: 9.80%
• 6M: 9.21%
• 1Y: 19.94%
• 3Y*: 18.03%
• 5Y*: 8.95%
• 10Y*: 9.11%

MLPZX

• 1D: -0.14%
• 1M: -0.66%
• YTD: 19.69%
• 6M: 17.16%
• 1Y: 24.94%
• 3Y*: 22.40%
• 5Y*: 19.22%
• 10Y*: 9.78%

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

JEEIX vs. MLPZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JEEIX JHancock Infrastructure Fund	9.80%	25.51%	13.24%	4.74%	-8.48%	13.97%	2.53%	23.46%	-1.43%	17.09%
MLPZX Invesco SteelPath MLP Income Fund	19.69%	7.88%	24.54%	20.71%	25.10%	44.98%	-25.49%	14.50%	-12.92%	-8.42%

Correlation

The correlation between JEEIX and MLPZX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.44
Correlation (All Time) Calculated using the full available price history since Dec 26, 2013	0.45

The correlation between JEEIX and MLPZX shifts across timeframes, from 0.39 (1 year) to 0.49 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

JEEIX vs. MLPZX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JEEIX

JEEIX Risk / Return Rank: 48
JEEIX Sharpe Ratio Rank: 45
JEEIX Sortino Ratio Rank: 45
JEEIX Omega Ratio Rank: 42
JEEIX Calmar Ratio Rank: 60
JEEIX Martin Ratio Rank: 47

MLPZX

MLPZX Risk / Return Rank: 56
MLPZX Sharpe Ratio Rank: 48
MLPZX Sortino Ratio Rank: 46
MLPZX Omega Ratio Rank: 41
MLPZX Calmar Ratio Rank: 84
MLPZX Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JEEIX vs. MLPZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JHancock Infrastructure Fund (JEEIX) and Invesco SteelPath MLP Income Fund (MLPZX). 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.

	JEEIX	MLPZX	Difference
Sharpe ratio: Return per unit of total volatility	1.95	2.01	-0.06
Sortino ratio: Return per unit of downside risk	2.78	2.81	-0.03
Omega ratio: Gain probability vs. loss probability	1.35	1.34	0.00
Calmar ratio: Return relative to maximum drawdown	2.94	3.85	-0.91
Martin ratio: Return relative to average drawdown	9.62	12.15	-2.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JEEIX vs. MLPZX - Sharpe Ratio Comparison

The current JEEIX Sharpe Ratio is 1.95, which is comparable to the MLPZX Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of JEEIX and MLPZX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JEEIX	MLPZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	2.01	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	1.12	-0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.38	+0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.33	+0.29

Drawdowns

JEEIX vs. MLPZX - Drawdown Comparison

The maximum JEEIX drawdown since its inception was -30.39%, smaller than the maximum MLPZX drawdown of -77.56%. Use the drawdown chart below to compare losses from any high point for JEEIX and MLPZX.

Drawdown Indicators

	JEEIX	MLPZX	Difference
Max Drawdown Largest peak-to-trough decline	-30.39%	-77.56%	+47.17%
Max Drawdown (1Y) Largest decline over 1 year	-6.56%	-6.07%	-0.49%
Max Drawdown (3Y) Largest decline over 3 years	-11.10%	-14.46%	+3.36%
Max Drawdown (5Y) Largest decline over 5 years	-22.02%	-17.90%	-4.12%
Max Drawdown (10Y) Largest decline over 10 years	-30.39%	-73.62%	+43.23%
Current Drawdown Current decline from peak	-5.78%	-4.56%	-1.22%
Average Drawdown Average peak-to-trough decline	-4.45%	-13.52%	+9.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	1.92%	+0.09%

Volatility

JEEIX vs. MLPZX - Volatility Comparison

The current volatility for JHancock Infrastructure Fund (JEEIX) is 3.27%, while Invesco SteelPath MLP Income Fund (MLPZX) has a volatility of 4.93%. This indicates that JEEIX experiences smaller price fluctuations and is considered to be less risky than MLPZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEEIX	MLPZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	4.93%	-1.66%
Volatility (6M) Calculated over the trailing 6-month period	7.80%	8.79%	-0.99%
Volatility (1Y) Calculated over the trailing 1-year period	9.88%	11.65%	-1.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.85%	17.34%	-4.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.19%	25.85%	-11.66%

JEEIX vs. MLPZX - Expense Ratio Comparison

JEEIX has a 0.95% expense ratio, which is lower than MLPZX's 1.10% expense ratio.

Dividends

JEEIX vs. MLPZX - Dividend Comparison

JEEIX's dividend yield for the trailing twelve months is around 2.18%, less than MLPZX's 6.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JEEIX JHancock Infrastructure Fund	2.18%	2.37%	2.48%	2.25%	1.93%	6.70%	2.24%	4.69%	4.25%	2.29%	2.27%	1.42%
MLPZX Invesco SteelPath MLP Income Fund	6.10%	6.87%	5.92%	7.19%	7.98%	9.19%	16.57%	13.12%	13.27%	10.70%	9.79%	10.93%

Frequently Asked Questions

Can I hold both JEEIX and MLPZX in my portfolio?

JEEIX and MLPZX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JEEIX or MLPZX?

MLPZX has higher volatility (4.93%) compared to JEEIX (3.27%). In terms of maximum drawdown, JEEIX dropped -30.39% vs MLPZX's -77.56%.

Which has better risk-adjusted returns?

MLPZX currently has the higher Sharpe Ratio (2.01 vs 1.95), 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.