MLPFX vs. EMO
Compare and contrast key facts about Invesco SteelPath MLP Select 40 Fund Class A (MLPFX) and ClearBridge Energy Midstream Opportunity Fund (EMO).
MLPFX 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
MLPFX vs. EMO - Performance Comparison
Loading graphics...
MLPFX vs. EMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
The year-to-date returns for both investments are quite close, with MLPFX having a 20.14% return and EMO slightly higher at 20.88%. Over the past 10 years, MLPFX has outperformed EMO with an annualized return of 11.36%, while EMO has yielded a comparatively lower 9.52% annualized return.
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%
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%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MLPFX vs. EMO - Expense Ratio Comparison
MLPFX has a 10.29% expense ratio, which is lower than EMO's 13.90% expense ratio.
Return for Risk
MLPFX vs. EMO — Risk / Return Rank
MLPFX
EMO
MLPFX vs. EMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco SteelPath MLP Select 40 Fund Class A (MLPFX) 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.
| MLPFX | EMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 0.91 | +0.27 |
Sortino ratioReturn per unit of downside risk | 1.53 | 1.28 | +0.25 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.20 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.31 | 1.07 | +0.24 |
Martin ratioReturn relative to average drawdown | 3.91 | 3.23 | +0.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| MLPFX | EMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 0.91 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.37 | 1.25 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.23 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.12 | +0.26 |
Correlation
The correlation between MLPFX and EMO is 0.79, 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
MLPFX vs. EMO - Dividend Comparison
MLPFX's dividend yield for the trailing twelve months is around 5.25%, less than EMO's 8.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
MLPFX vs. EMO - Drawdown Comparison
The maximum MLPFX drawdown since its inception was -76.01%, smaller than the maximum EMO drawdown of -95.06%. Use the drawdown chart below to compare losses from any high point for MLPFX and EMO.
Loading graphics...
Drawdown Indicators
| MLPFX | EMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.01% | -95.06% | +19.05% |
Max Drawdown (1Y)Largest decline over 1 year | -14.55% | -18.81% | +4.26% |
Max Drawdown (5Y)Largest decline over 5 years | -18.81% | -28.59% | +9.78% |
Max Drawdown (10Y)Largest decline over 10 years | -72.18% | -93.02% | +20.84% |
Current DrawdownCurrent decline from peak | -1.39% | -2.55% | +1.16% |
Average DrawdownAverage peak-to-trough decline | -13.20% | -32.27% | +19.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.86% | 6.22% | -1.36% |
Volatility
MLPFX vs. EMO - Volatility Comparison
The current volatility for Invesco SteelPath MLP Select 40 Fund Class A (MLPFX) is 3.71%, while ClearBridge Energy Midstream Opportunity Fund (EMO) has a volatility of 4.63%. This indicates that MLPFX 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 graphics...
Volatility by Period
| MLPFX | EMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | 4.63% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 8.67% | 11.12% | -2.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.92% | 21.39% | -4.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.90% | 26.78% | -8.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.08% | 41.41% | -16.33% |