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MLPD.L vs. EIPIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MLPD.L vs. EIPIX

Last updated Jul 18, 2026
Documentation

MLPD.L (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist)) and EIPIX (EIP Growth and Income Fund (NEW)) are both Energy Equities funds. Over the past 5 years, MLPD.L returned 18.85%/yr vs 17.02%/yr for EIPIX. A 0.54 correlation means they provide meaningful diversification when combined. MLPD.L charges 0.50%/yr vs 1.25%/yr for EIPIX.

Performance

MLPD.L vs. EIPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPD.L) and EIP Growth and Income Fund (NEW) (EIPIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with MLPD.L having a 20.82% return and EIPIX slightly lower at 20.07%.

MLPD.L

1D
0.21%
1M
6.37%
6M
15.08%
YTD
20.82%
1Y
19.27%
3Y*
17.68%
5Y*
18.85%
10Y*
6.79%

EIPIX

1D
0.90%
1M
3.83%
6M
14.73%
YTD
20.07%
1Y
24.82%
3Y*
20.24%
5Y*
17.02%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

MLPD.L vs. EIPIX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MLPD.L
Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist)		20.82%2.34%22.53%19.70%31.82%36.90%-31.38%7.22%-14.92%-8.67%
EIPIX
EIP Growth and Income Fund (NEW)		20.07%11.31%26.74%6.25%16.19%21.80%-9.85%23.09%-11.68%-0.68%

Correlation

The correlation between MLPD.L and EIPIX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.47

Correlation (3Y)
Calculated over the trailing 3-year period

0.48

Correlation (5Y)
Calculated over the trailing 5-year period

0.55

Correlation (All Time)
Calculated using the full available price history since Oct 17, 2016

0.54

The correlation between MLPD.L and EIPIX has been stable across timeframes, ranging from 0.47 to 0.55 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist)

EIP Growth and Income Fund (NEW)

Often compared with MLPD.L:
MLPD.L vs. MLPXMLPD.L vs. MLPAMLPD.L vs. TDIV.ASMLPD.L vs. JEPQMLPD.L vs. QYLDMLPD.L vs. MAINMLPD.L vs. QQQI
Often compared with EIPIX:
EIPIX vs. KYNEIPIX vs. SDOGEIPIX vs. FSGGXEIPIX vs. SGOVEIPIX vs. VLPIXEIPIX vs. FSDPXEIPIX vs. VDADX

Return for Risk

MLPD.L vs. EIPIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MLPD.L
MLPD.L Risk / Return Rank: 4747
Overall Rank
MLPD.L Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
MLPD.L Sortino Ratio Rank: 4444
Sortino Ratio Rank
MLPD.L Omega Ratio Rank: 4141
Omega Ratio Rank
MLPD.L Calmar Ratio Rank: 5757
Calmar Ratio Rank
MLPD.L Martin Ratio Rank: 4343
Martin Ratio Rank
EIPIX
EIPIX Risk / Return Rank: 8989
Overall Rank
EIPIX Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
EIPIX Sortino Ratio Rank: 8787
Sortino Ratio Rank
EIPIX Omega Ratio Rank: 7979
Omega Ratio Rank
EIPIX Calmar Ratio Rank: 9797
Calmar Ratio Rank
EIPIX Martin Ratio Rank: 9393
Martin Ratio Rank
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.

MLPD.L vs. EIPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPD.L) and EIP Growth and Income Fund (NEW) (EIPIX). 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.

MLPD.LEIPIXDifference
Sharpe ratioReturn per unit of total volatility
1.31
2.43

-1.11

Sortino ratioReturn per unit of downside risk
1.83
3.61

-1.78

Omega ratioGain probability vs. loss probability

1.22

1.41

-0.19

Calmar ratioReturn relative to maximum drawdown

2.28

5.56

-3.28

Martin ratioReturn relative to average drawdown

5.51

15.41

-9.90

MLPD.L vs. EIPIX - Sharpe Ratio Comparison

The current MLPD.L Sharpe Ratio is 1.31, which is lower than the EIPIX Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of MLPD.L and EIPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

MLPD.L vs. EIPIX - Drawdown Comparison

The maximum MLPD.L drawdown since its inception was -82.22%, which is greater than EIPIX's maximum drawdown of -43.98%. Use the drawdown chart below to compare losses from any high point for MLPD.L and EIPIX.

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Drawdown Indicators

MLPD.LEIPIXDifference

Max Drawdown

Largest peak-to-trough decline

-82.22%

-43.98%

-38.24%

Max Drawdown (1Y)

Largest decline over 1 year

-8.42%

-4.51%

-3.91%

Max Drawdown (3Y)

Largest decline over 3 years

-17.24%

-13.00%

-4.24%

Max Drawdown (5Y)

Largest decline over 5 years

-21.78%

-16.71%

-5.07%

Max Drawdown (10Y)

Largest decline over 10 years

-75.74%

—

—

Current Drawdown

Current decline from peak

-1.53%

-0.65%

-0.88%

Average Drawdown

Average peak-to-trough decline

-27.87%

-4.99%

-22.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.48%

1.62%

+1.86%

Volatility

MLPD.L vs. EIPIX - Volatility Comparison

Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPD.L) and EIP Growth and Income Fund (NEW) (EIPIX) have volatilities of 3.64% and 3.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MLPD.LEIPIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.64%

3.72%

-0.08%

Volatility (6M)

Calculated over the trailing 6-month period

11.21%

8.03%

+3.18%

Volatility (1Y)

Calculated over the trailing 1-year period

14.62%

10.34%

+4.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.14%

15.64%

+4.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.21%

18.65%

+9.56%

MLPD.L vs. EIPIX - Expense Ratio Comparison

MLPD.L has a 0.50% expense ratio, which is lower than EIPIX's 1.25% expense ratio.

Dividends

MLPD.L vs. EIPIX - Dividend Comparison

MLPD.L's dividend yield for the trailing twelve months is around 7.56%, less than EIPIX's 13.07% yield.

PositionTTM20252024202320222021202020192018201720162015
EIPIX
EIP Growth and Income Fund (NEW)		13.07%15.71%7.60%4.09%25.10%3.44%4.02%3.44%3.45%1.77%0.78%0.00%
MLPD.L
Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist)		7.56%8.21%8.18%8.60%7.98%8.57%11.03%10.06%9.87%8.15%8.14%9.96%

Frequently Asked Questions

MLPD.L and EIPIX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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