MLPDX vs. EMO
MLPDX (Invesco SteelPath MLP Income Fund Class A) and EMO (ClearBridge Energy Midstream Opportunity Fund Inc.) are both MLPs funds. Both are actively managed. Over the past 10 years, MLPDX returned 10.35%/yr vs 7.75%/yr for EMO. Their 0.78 correlation means they have sometimes moved together and sometimes differently. MLPDX charges 9.02%/yr vs 3.22%/yr for EMO.
Performance
MLPDX vs. EMO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MLPDX achieves a 23.53% return, which is significantly higher than EMO's 21.52% return. Over the past 10 years, MLPDX has outperformed EMO with an annualized return of 10.35%, while EMO has yielded a comparatively lower 7.75% annualized return.
MLPDX
- 1D
- 0.29%
- 1M
- 3.99%
- 6M
- 15.17%
- YTD
- 23.53%
- 1Y
- 26.27%
- 3Y*
- 21.08%
- 5Y*
- 20.71%
- 10Y*
- 10.35%
- ALL TIME*
- 7.62%
EMO
- 1D
- 1.14%
- 1M
- 5.46%
- 6M
- 10.79%
- YTD
- 21.52%
- 1Y
- 21.50%
- 3Y*
- 28.83%
- 5Y*
- 29.82%
- 10Y*
- 7.75%
- ALL TIME*
- 4.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.85M | $2.08M | $2.48M | |
| $0.00 | $0.00 | $0.00 |
MLPDX vs. EMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLPDX Invesco SteelPath MLP Income Fund Class A | 23.53% | 7.69% | 24.00% | 20.32% | 25.11% | 44.69% | -25.75% | 18.07% | -13.12% | -8.61% |
EMO ClearBridge Energy Midstream Opportunity Fund Inc. | 21.52% | 7.38% | 44.45% | 31.76% | 40.13% | 74.70% | -64.47% | 19.60% | -25.73% | 0.07% |
Correlation
The correlation between MLPDX and EMO is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2011 | 0.78 |
The correlation between MLPDX and EMO shifts across timeframes, from 0.58 (1 year) to 0.82 (10 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MLPDX vs. EMO — Risk / Return Rank
MLPDX
EMO
MLPDX vs. EMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco SteelPath MLP Income Fund Class A (MLPDX) and ClearBridge Energy Midstream Opportunity Fund Inc. (EMO). 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.
| MLPDX | EMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.23 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 1.89 | +1.55 |
| Martin ratioReturn relative to average drawdown | 9.96 | 3.92 | +6.04 |
Loading charts...
Drawdowns
MLPDX vs. EMO - Drawdown Comparison
The maximum MLPDX drawdown since its inception was -77.09%, smaller than the maximum EMO drawdown of -95.06%. Use the drawdown chart below to compare losses from any high point for MLPDX and EMO.
Loading charts...
Drawdown Indicators
| MLPDX | EMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.09% | -95.06% | +17.97% |
Max Drawdown (1Y)Largest decline over 1 year | -7.51% | -10.87% | +3.36% |
Max Drawdown (3Y)Largest decline over 3 years | -14.45% | -18.81% | +4.36% |
Max Drawdown (5Y)Largest decline over 5 years | -17.98% | -28.59% | +10.61% |
Max Drawdown (10Y)Largest decline over 10 years | -72.90% | -93.02% | +20.12% |
Current DrawdownCurrent decline from peak | -1.36% | -2.16% | +0.80% |
Average DrawdownAverage peak-to-trough decline | -13.30% | -31.67% | +18.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 5.24% | -2.65% |
Volatility
MLPDX vs. EMO - Volatility Comparison
The current volatility for Invesco SteelPath MLP Income Fund Class A (MLPDX) is 4.27%, while ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) has a volatility of 5.06%. This indicates that MLPDX experiences smaller price fluctuations and is considered to be less risky than EMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MLPDX | EMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 5.06% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 9.78% | 12.66% | -2.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.38% | 16.45% | -4.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.04% | 26.05% | -9.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.73% | 41.13% | -15.40% |
MLPDX vs. EMO - Expense Ratio Comparison
MLPDX has a 9.02% expense ratio, which is higher than EMO's 3.22% expense ratio.
Dividends
MLPDX vs. EMO - Dividend Comparison
MLPDX's dividend yield for the trailing twelve months is around 6.54%, less than EMO's 8.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMO ClearBridge Energy Midstream Opportunity Fund Inc. | 8.35% | 9.41% | 7.16% | 6.79% | 6.71% | 6.71% | 15.82% | 10.94% | 16.39% | 10.85% | 9.76% | 11.88% |
MLPDX Invesco SteelPath MLP Income Fund Class A | 6.54% | 7.51% | 6.42% | 7.72% | 8.49% | 9.74% | 17.44% | 17.48% | 13.70% | 10.99% | 10.00% | 11.12% |
Frequently Asked Questions
MLPDX and EMO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMO has higher volatility (5.06%) compared to MLPDX (4.27%). In terms of maximum drawdown, MLPDX dropped -77.09% vs EMO's -95.06%.
MLPDX currently has the higher Sharpe Ratio (2.09 vs 1.25), 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.
Find the right allocation for MLPDX and EMO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer