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

MLPD.L vs. XSEN.L

Last updated Jun 4, 2026

MLPD.L (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist)) and XSEN.L (Xtrackers MSCI USA Energy UCITS ETF 1D) are both Energy Equities funds tracking the MSCI World/Energy NR USD, from Invesco and Xtrackers respectively. Both are passively managed. Over the past 5 years, MLPD.L returned 17.42%/yr vs 20.17%/yr for XSEN.L. A 0.73 correlation means they provide meaningful diversification when combined. MLPD.L charges 0.50%/yr vs 0.12%/yr for XSEN.L.

Performance

MLPD.L vs. XSEN.L - 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 Xtrackers MSCI USA Energy UCITS ETF 1D (XSEN.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

MLPD.L is traded in USD, while XSEN.L is traded in GBp. To make them comparable, the XSEN.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, MLPD.L achieves a 19.38% return, which is significantly lower than XSEN.L's 30.17% return.

MLPD.L

1D
1.11%
1M
0.78%
YTD
19.38%
6M
16.54%
1Y
16.43%
3Y*
19.18%
5Y*
17.42%
10Y*
7.30%

XSEN.L

1D
2.30%
1M
0.05%
YTD
30.17%
6M
29.70%
1Y
42.68%
3Y*
17.31%
5Y*
20.17%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

MLPD.L vs. XSEN.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
MLPD.L
Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist)		19.38%2.33%22.53%19.70%31.84%36.86%-31.37%7.22%-11.45%
XSEN.L
Xtrackers MSCI USA Energy UCITS ETF 1D		30.17%9.55%4.89%-0.92%63.31%49.53%-33.98%9.22%-19.68%

Correlation

The correlation between MLPD.L and XSEN.L 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 (1Y)
Calculated over the trailing 1-year period

0.70

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

0.67

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

0.74

Correlation (All Time)
Calculated using the full available price history since Apr 24, 2018

0.73

The correlation between MLPD.L and XSEN.L has been stable across timeframes, ranging from 0.67 to 0.74 - a consistent structural relationship.

MLPD.L vs. XSEN.L - Sectors Allocation Comparison

Sectors
MLPD.L
XSEN.L

Energy

96.7%
100.0%

Utilities

3.2%

-

Industrials

0.2%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Real Estate

-

-

Technology

-

-

Energy

MLPD.L
96.7%
XSEN.L
100.0%

Utilities

MLPD.L
3.2%
XSEN.L

-

Industrials

MLPD.L
0.2%
XSEN.L

-

Basic Materials

MLPD.L

-

XSEN.L

-

Communication Services

MLPD.L

-

XSEN.L

-

Consumer Cyclical

MLPD.L

-

XSEN.L

-

Consumer Defensive

MLPD.L

-

XSEN.L

-

Financial Services

MLPD.L

-

XSEN.L

-

Healthcare

MLPD.L

-

XSEN.L

-

Real Estate

MLPD.L

-

XSEN.L

-

Technology

MLPD.L

-

XSEN.L

-

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Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist)

Xtrackers MSCI USA Energy UCITS ETF 1D

Often compared with MLPD.L:
MLPD.L vs. MLPXMLPD.L vs. MLPAMLPD.L vs. TDIV.ASMLPD.L vs. EIPIXMLPD.L vs. JEPQMLPD.L vs. QYLDMLPD.L vs. MAIN
Often compared with XSEN.L:
XSEN.L vs. GXLE.LXSEN.L vs. EYED.LXSEN.L vs. CWEU.LXSEN.L vs. NCLP.LXSEN.L vs. RNRU.LXSEN.L vs. EXUS.LXSEN.L vs. ESIE.L

Return for Risk

MLPD.L vs. XSEN.L — 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: 3232
Overall Rank
MLPD.L Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
MLPD.L Sortino Ratio Rank: 2929
Sortino Ratio Rank
MLPD.L Omega Ratio Rank: 2828
Omega Ratio Rank
MLPD.L Calmar Ratio Rank: 3939
Calmar Ratio Rank
MLPD.L Martin Ratio Rank: 3232
Martin Ratio Rank
XSEN.L
XSEN.L Risk / Return Rank: 5151
Overall Rank
XSEN.L Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
XSEN.L Sortino Ratio Rank: 4747
Sortino Ratio Rank
XSEN.L Omega Ratio Rank: 5252
Omega Ratio Rank
XSEN.L Calmar Ratio Rank: 5454
Calmar Ratio Rank
XSEN.L Martin Ratio Rank: 5050
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. XSEN.L - 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 Xtrackers MSCI USA Energy UCITS ETF 1D (XSEN.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.

MLPD.LXSEN.LDifference
Sharpe ratioReturn per unit of total volatility
1.15
1.86

-0.70

Sortino ratioReturn per unit of downside risk
1.62
2.36

-0.74

Omega ratioGain probability vs. loss probability

1.20

1.32

-0.12

Calmar ratioReturn relative to maximum drawdown

1.93

2.93

-1.00

Martin ratioReturn relative to average drawdown

4.95

9.27

-4.32

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MLPD.L vs. XSEN.L - Sharpe Ratio Comparison

The current MLPD.L Sharpe Ratio is 1.15, which is lower than the XSEN.L Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of MLPD.L and XSEN.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.

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Sharpe Ratios by Period

MLPD.LXSEN.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.15

1.86

-0.70

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.85

0.76

+0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.26

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.15

0.32

-0.17

Drawdowns

MLPD.L vs. XSEN.L - Drawdown Comparison

The maximum MLPD.L drawdown since its inception was -82.22%, which is greater than XSEN.L's maximum drawdown of -66.93%. Use the drawdown chart below to compare losses from any high point for MLPD.L and XSEN.L.

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Drawdown Indicators

MLPD.LXSEN.LDifference

Max Drawdown

Largest peak-to-trough decline

-82.22%

-66.93%

-15.29%

Max Drawdown (1Y)

Largest decline over 1 year

-8.49%

-14.49%

+6.00%

Max Drawdown (3Y)

Largest decline over 3 years

-17.23%

-20.32%

+3.09%

Max Drawdown (5Y)

Largest decline over 5 years

-21.78%

-27.39%

+5.61%

Max Drawdown (10Y)

Largest decline over 10 years

-75.74%

—

—

Current Drawdown

Current decline from peak

-2.71%

-7.38%

+4.67%

Average Drawdown

Average peak-to-trough decline

-28.24%

-16.10%

-12.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.31%

4.59%

-1.28%

Volatility

MLPD.L vs. XSEN.L - Volatility Comparison

The current volatility for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPD.L) is 5.23%, while Xtrackers MSCI USA Energy UCITS ETF 1D (XSEN.L) has a volatility of 8.64%. This indicates that MLPD.L experiences smaller price fluctuations and is considered to be less risky than XSEN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MLPD.LXSEN.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.23%

8.64%

-3.41%

Volatility (6M)

Calculated over the trailing 6-month period

10.96%

19.91%

-8.95%

Volatility (1Y)

Calculated over the trailing 1-year period

14.23%

22.96%

-8.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.38%

26.55%

-6.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.35%

30.37%

-2.02%

MLPD.L vs. XSEN.L - Expense Ratio Comparison

MLPD.L has a 0.50% expense ratio, which is higher than XSEN.L's 0.12% expense ratio.

Dividends

MLPD.L vs. XSEN.L - Dividend Comparison

MLPD.L's dividend yield for the trailing twelve months is around 7.53%, more than XSEN.L's 2.07% yield.

PositionTTM20252024202320222021202020192018201720162015
MLPD.L
Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist)		7.53%8.21%8.18%8.60%7.98%8.57%11.03%10.06%9.87%8.15%8.14%9.96%
XSEN.L
Xtrackers MSCI USA Energy UCITS ETF 1D		2.07%2.70%2.70%3.24%3.69%3.27%7.11%2.78%0.00%0.00%0.00%0.00%

Frequently Asked Questions

MLPD.L and XSEN.L 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, XSEN.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XSEN.L is cheaper with a 0.12% expense ratio, compared with 0.50% for MLPD.L.

Both ETFs track MSCI World/Energy NR USD. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.50% for MLPD.L and 0.12% for XSEN.L.

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