MLPDX vs. HMSFX
Compare and contrast key facts about Invesco SteelPath MLP Income Fund Class A (MLPDX) and Hennessy Midstream Fund Investor Class (HMSFX).
MLPDX is an actively managed fund by Invesco. It was launched on Mar 31, 2010. HMSFX is a passively managed fund by Hennessy that tracks the performance of the Alerian US Midstream Energy Index. It was launched on Dec 31, 2013.
Performance
MLPDX vs. HMSFX - Performance Comparison
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MLPDX vs. HMSFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MLPDX Invesco SteelPath MLP Income Fund Class A | 17.08% | 7.69% | 24.00% | 20.32% | 25.11% | 44.69% | -25.75% | 18.07% | -16.91% |
HMSFX Hennessy Midstream Fund Investor Class | 17.51% | -0.76% | 35.85% | 23.50% | 28.88% | 36.22% | -31.21% | 11.77% | -20.36% |
Returns By Period
The year-to-date returns for both investments are quite close, with MLPDX having a 17.08% return and HMSFX slightly higher at 17.51%.
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%
HMSFX
- 1D
- -0.67%
- 1M
- 4.04%
- YTD
- 17.51%
- 6M
- 18.36%
- 1Y
- 8.02%
- 3Y*
- 24.20%
- 5Y*
- 23.77%
- 10Y*
- —
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MLPDX vs. HMSFX - Expense Ratio Comparison
MLPDX has a 9.02% expense ratio, which is higher than HMSFX's 1.75% expense ratio.
Return for Risk
MLPDX vs. HMSFX — Risk / Return Rank
MLPDX
HMSFX
MLPDX vs. HMSFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco SteelPath MLP Income Fund Class A (MLPDX) and Hennessy Midstream Fund Investor Class (HMSFX). 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 | HMSFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.42 | +0.54 |
Sortino ratioReturn per unit of downside risk | 1.30 | 0.65 | +0.65 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.10 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 0.53 | +0.52 |
Martin ratioReturn relative to average drawdown | 3.13 | 0.88 | +2.25 |
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 | HMSFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.42 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.31 | 1.18 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.36 | -0.04 |
Correlation
The correlation between MLPDX and HMSFX is 0.92, 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. HMSFX - Dividend Comparison
MLPDX's dividend yield for the trailing twelve months is around 6.63%, less than HMSFX's 7.72% 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% |
HMSFX Hennessy Midstream Fund Investor Class | 7.72% | 8.89% | 8.12% | 10.11% | 11.23% | 12.99% | 15.54% | 9.26% | 4.74% | 0.00% | 0.00% | 0.00% |
Drawdowns
MLPDX vs. HMSFX - Drawdown Comparison
The maximum MLPDX drawdown since its inception was -77.09%, which is greater than HMSFX's maximum drawdown of -68.50%. Use the drawdown chart below to compare losses from any high point for MLPDX and HMSFX.
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Drawdown Indicators
| MLPDX | HMSFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.09% | -68.50% | -8.59% |
Max Drawdown (1Y)Largest decline over 1 year | -14.45% | -15.26% | +0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -17.98% | -21.17% | +3.19% |
Max Drawdown (10Y)Largest decline over 10 years | -72.90% | — | — |
Current DrawdownCurrent decline from peak | -1.30% | -0.89% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -13.52% | -12.63% | -0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.86% | 9.17% | -4.31% |
Volatility
MLPDX vs. HMSFX - Volatility Comparison
The current volatility for Invesco SteelPath MLP Income Fund Class A (MLPDX) is 3.39%, while Hennessy Midstream Fund Investor Class (HMSFX) has a volatility of 4.26%. This indicates that MLPDX experiences smaller price fluctuations and is considered to be less risky than HMSFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLPDX | HMSFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 4.26% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 8.09% | 10.31% | -2.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.15% | 19.31% | -3.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.52% | 20.25% | -2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.95% | 29.61% | -3.66% |