MLPDX vs. MLPFX
Compare and contrast key facts about Invesco SteelPath MLP Income Fund Class A (MLPDX) and Invesco SteelPath MLP Select 40 Fund Class A (MLPFX).
MLPDX is an actively managed fund by Invesco. It was launched on Mar 31, 2010. MLPFX is an actively managed fund by Invesco. It was launched on Mar 31, 2010.
Performance
MLPDX vs. MLPFX - Performance Comparison
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MLPDX vs. MLPFX - 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% |
MLPFX Invesco SteelPath MLP Select 40 Fund Class A | 20.14% | 8.22% | 29.99% | 22.47% | 21.84% | 39.44% | -25.43% | 6.90% | -9.63% | -4.02% |
Returns By Period
In the year-to-date period, MLPDX achieves a 17.08% return, which is significantly lower than MLPFX's 20.14% return. Over the past 10 years, MLPDX has outperformed MLPFX with an annualized return of 12.41%, while MLPFX has yielded a comparatively lower 11.36% 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%
MLPFX
- 1D
- -0.93%
- 1M
- 2.56%
- YTD
- 20.14%
- 6M
- 22.49%
- 1Y
- 19.91%
- 3Y*
- 26.35%
- 5Y*
- 24.42%
- 10Y*
- 11.36%
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MLPDX vs. MLPFX - Expense Ratio Comparison
MLPDX has a 9.02% expense ratio, which is lower than MLPFX's 10.29% expense ratio.
Return for Risk
MLPDX vs. MLPFX — Risk / Return Rank
MLPDX
MLPFX
MLPDX vs. MLPFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco SteelPath MLP Income Fund Class A (MLPDX) and Invesco SteelPath MLP Select 40 Fund Class A (MLPFX). 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 | MLPFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 1.17 | -0.21 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.53 | -0.23 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.24 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.31 | -0.26 |
Martin ratioReturn relative to average drawdown | 3.13 | 3.91 | -0.78 |
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 | MLPFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.17 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.31 | 1.37 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.46 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.37 | -0.05 |
Correlation
The correlation between MLPDX and MLPFX is 0.96, 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. MLPFX - Dividend Comparison
MLPDX's dividend yield for the trailing twelve months is around 6.63%, more than MLPFX's 5.25% 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% |
MLPFX Invesco SteelPath MLP Select 40 Fund Class A | 5.25% | 6.11% | 5.29% | 6.54% | 7.34% | 8.29% | 13.36% | 10.42% | 10.09% | 8.35% | 7.41% | 7.84% |
Drawdowns
MLPDX vs. MLPFX - Drawdown Comparison
The maximum MLPDX drawdown since its inception was -77.09%, roughly equal to the maximum MLPFX drawdown of -76.01%. Use the drawdown chart below to compare losses from any high point for MLPDX and MLPFX.
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Drawdown Indicators
| MLPDX | MLPFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.09% | -76.01% | -1.08% |
Max Drawdown (1Y)Largest decline over 1 year | -14.45% | -14.55% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -17.98% | -18.81% | +0.83% |
Max Drawdown (10Y)Largest decline over 10 years | -72.90% | -72.18% | -0.72% |
Current DrawdownCurrent decline from peak | -1.30% | -1.39% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -13.52% | -13.20% | -0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.86% | 4.86% | 0.00% |
Volatility
MLPDX vs. MLPFX - Volatility Comparison
The current volatility for Invesco SteelPath MLP Income Fund Class A (MLPDX) is 3.39%, while Invesco SteelPath MLP Select 40 Fund Class A (MLPFX) has a volatility of 3.71%. This indicates that MLPDX experiences smaller price fluctuations and is considered to be less risky than MLPFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLPDX | MLPFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 3.71% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 8.09% | 8.67% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.15% | 16.92% | -0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.52% | 17.90% | -0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.95% | 25.08% | +0.87% |