MLPDX vs. EMO
Compare and contrast key facts about Invesco SteelPath MLP Income Fund Class A (MLPDX) and ClearBridge Energy Midstream Opportunity Fund (EMO).
MLPDX is an actively managed fund by Invesco. It was launched on Mar 31, 2010. EMO is an actively managed fund by Franklin Templeton. It was launched on Jun 10, 2011.
Performance
MLPDX vs. EMO - Performance Comparison
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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 | 17.08% | 7.69% | 24.00% | 20.32% | 25.11% | 44.69% | -25.75% | 18.07% | -13.12% | -8.61% |
EMO ClearBridge Energy Midstream Opportunity Fund | 20.88% | 7.38% | 44.45% | 31.76% | 40.13% | 74.70% | -64.47% | 19.60% | -25.73% | 0.07% |
Returns By Period
In the year-to-date period, MLPDX achieves a 17.08% return, which is significantly lower than EMO's 20.88% return. Over the past 10 years, MLPDX has outperformed EMO with an annualized return of 12.41%, while EMO has yielded a comparatively lower 9.52% annualized return.
MLPDX
- 1D
- -0.73%
- 1M
- 2.36%
- YTD
- 17.08%
- 6M
- 20.19%
- 1Y
- 15.93%
- 3Y*
- 22.15%
- 5Y*
- 22.72%
- 10Y*
- 12.41%
EMO
- 1D
- -0.92%
- 1M
- 2.78%
- YTD
- 20.88%
- 6M
- 23.15%
- 1Y
- 19.30%
- 3Y*
- 34.99%
- 5Y*
- 33.19%
- 10Y*
- 9.52%
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MLPDX vs. EMO - Expense Ratio Comparison
MLPDX has a 9.02% expense ratio, which is lower than EMO's 13.90% expense ratio.
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 (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.
| MLPDX | EMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.91 | +0.06 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.28 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.07 | -0.02 |
Martin ratioReturn relative to average drawdown | 3.13 | 3.23 | -0.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MLPDX | EMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.91 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.31 | 1.25 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.23 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.12 | +0.21 |
Correlation
The correlation between MLPDX and EMO is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MLPDX vs. EMO - Dividend Comparison
MLPDX's dividend yield for the trailing twelve months is around 6.63%, less than EMO's 8.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPDX Invesco SteelPath MLP Income Fund Class A | 6.63% | 7.51% | 6.42% | 7.72% | 8.49% | 9.74% | 17.44% | 17.48% | 13.70% | 10.99% | 10.00% | 11.12% |
EMO ClearBridge Energy Midstream Opportunity Fund | 8.11% | 9.41% | 7.16% | 6.79% | 6.71% | 6.71% | 15.82% | 10.94% | 16.39% | 10.85% | 9.76% | 11.88% |
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.
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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 | -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 | -1.30% | -2.55% | +1.25% |
Average DrawdownAverage peak-to-trough decline | -13.52% | -32.27% | +18.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.86% | 6.22% | -1.36% |
Volatility
MLPDX vs. EMO - Volatility Comparison
The current volatility for Invesco SteelPath MLP Income Fund Class A (MLPDX) is 3.39%, while ClearBridge Energy Midstream Opportunity Fund (EMO) has a volatility of 4.63%. 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.
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Volatility by Period
| MLPDX | EMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 4.63% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 8.09% | 11.12% | -3.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.15% | 21.39% | -5.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.52% | 26.78% | -9.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.95% | 41.41% | -15.46% |