LIO.L vs. MLPP.L

Last updated Jun 5, 2026

LIO.L (Liontrust Asset Management) is a stock, while MLPP.L (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist)) is Energy Equities fund tracking the MSCI World/Energy NR USD. Over the past 10 years, LIO.L returned 8.21%/yr vs 3.95%/yr for MLPP.L. At a 0.08 correlation, their price movements are largely independent.

Performance

LIO.L vs. MLPP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Liontrust Asset Management (LIO.L) and Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LIO.L achieves a 16.95% return, which is significantly lower than MLPP.L's 19.02% return. Over the past 10 years, LIO.L has outperformed MLPP.L with an annualized return of 8.21%, while MLPP.L has yielded a comparatively lower 3.95% annualized return.

LIO.L

• 1D: 1.64%
• 1M: 23.46%
• YTD: 16.95%
• 6M: 21.76%
• 1Y: -7.03%
• 3Y*: -16.87%
• 5Y*: -19.70%
• 10Y*: 8.21%

MLPP.L

• 1D: -0.55%
• 1M: 0.89%
• YTD: 19.02%
• 6M: 13.93%
• 1Y: 16.92%
• 3Y*: 15.77%
• 5Y*: 18.55%
• 10Y*: 3.95%

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

LIO.L vs. MLPP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LIO.L Liontrust Asset Management	16.95%	-34.62%	-14.25%	-37.55%	-45.27%	74.21%	21.37%	95.83%	23.19%	32.23%
MLPP.L Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist)	19.02%	-4.63%	24.36%	13.33%	47.48%	38.50%	-38.75%	-2.21%	-17.19%	-22.69%

Correlation

The correlation between LIO.L and MLPP.L 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 (1Y) Calculated over the trailing 1-year period	-0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (10Y) Calculated over the trailing 10-year period	0.09
Correlation (All Time) Calculated using the full available price history since Jul 12, 2013	0.08

The correlation between LIO.L and MLPP.L shifts across timeframes, from -0.05 (1 year) to 0.10 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

LIO.L vs. MLPP.L — Risk / Return Rank

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

LIO.L

LIO.L Risk / Return Rank: 33
LIO.L Sharpe Ratio Rank: 33
LIO.L Sortino Ratio Rank: 30
LIO.L Omega Ratio Rank: 30
LIO.L Calmar Ratio Rank: 35
LIO.L Martin Ratio Rank: 36

MLPP.L

MLPP.L Risk / Return Rank: 31
MLPP.L Sharpe Ratio Rank: 29
MLPP.L Sortino Ratio Rank: 27
MLPP.L Omega Ratio Rank: 28
MLPP.L Calmar Ratio Rank: 39
MLPP.L Martin Ratio Rank: 30

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.

LIO.L vs. MLPP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Liontrust Asset Management (LIO.L) and Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPP.L). 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.

	LIO.L	MLPP.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.18	1.04	-1.22
Sortino ratio: Return per unit of downside risk	0.00	1.45	-1.45
Omega ratio: Gain probability vs. loss probability	1.00	1.18	-0.18
Calmar ratio: Return relative to maximum drawdown	-0.18	1.87	-2.05
Martin ratio: Return relative to average drawdown	-0.27	4.35	-4.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LIO.L vs. MLPP.L - Sharpe Ratio Comparison

The current LIO.L Sharpe Ratio is -0.18, which is lower than the MLPP.L Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of LIO.L and MLPP.L, 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

	LIO.L	MLPP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.18	1.04	-1.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.48	1.00	-1.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.20	0.15	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	-0.00	+0.19

Drawdowns

LIO.L vs. MLPP.L - Drawdown Comparison

The maximum LIO.L drawdown since its inception was -85.10%, roughly equal to the maximum MLPP.L drawdown of -84.51%. Use the drawdown chart below to compare losses from any high point for LIO.L and MLPP.L.

Drawdown Indicators

	LIO.L	MLPP.L	Difference
Max Drawdown Largest peak-to-trough decline	-85.10%	-84.51%	-0.59%
Max Drawdown (1Y) Largest decline over 1 year	-39.01%	-8.99%	-30.02%
Max Drawdown (3Y) Largest decline over 3 years	-63.98%	-19.03%	-44.95%
Max Drawdown (5Y) Largest decline over 5 years	-85.06%	-19.03%	-66.03%
Max Drawdown (10Y) Largest decline over 10 years	-85.06%	-80.34%	-4.72%
Current Drawdown Current decline from peak	-79.96%	-7.30%	-72.66%
Average Drawdown Average peak-to-trough decline	-36.05%	-36.25%	+0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.57%	3.88%	+21.69%

Volatility

LIO.L vs. MLPP.L - Volatility Comparison

Liontrust Asset Management (LIO.L) has a higher volatility of 8.56% compared to Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPP.L) at 6.47%. This indicates that LIO.L's price experiences larger fluctuations and is considered to be riskier than MLPP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LIO.L	MLPP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.56%	6.47%	+2.09%
Volatility (6M) Calculated over the trailing 6-month period	27.20%	12.89%	+14.31%
Volatility (1Y) Calculated over the trailing 1-year period	38.10%	16.25%	+21.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.04%	20.82%	+20.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.46%	32.00%	+8.46%

Dividends

LIO.L vs. MLPP.L - Dividend Comparison

LIO.L's dividend yield for the trailing twelve months is around 18.36%, more than MLPP.L's 7.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LIO.L Liontrust Asset Management	18.36%	21.47%	15.13%	11.43%	6.43%	2.64%	2.69%	2.64%	3.95%	3.27%	3.39%	3.22%
MLPP.L Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist)	7.55%	8.28%	7.99%	8.81%	7.86%	8.40%	6.01%	0.13%	0.13%	0.11%	0.10%	0.15%

Frequently Asked Questions

Can I hold both LIO.L and MLPP.L in my portfolio?

LIO.L and MLPP.L 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.