MLPFX vs. IVNQX
Compare and contrast key facts about Invesco SteelPath MLP Select 40 Fund Class A (MLPFX) and Invesco Nasdaq 100 Index Fund (IVNQX).
MLPFX is an actively managed fund by Invesco. It was launched on Mar 31, 2010. IVNQX is managed by Invesco. It was launched on Oct 13, 2020.
Performance
MLPFX vs. IVNQX - Performance Comparison
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MLPFX vs. IVNQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MLPFX Invesco SteelPath MLP Select 40 Fund Class A | 20.14% | 8.22% | 29.99% | 22.47% | 21.84% | 39.44% | 19.47% |
IVNQX Invesco Nasdaq 100 Index Fund | -5.88% | 20.77% | 25.43% | 54.62% | -32.05% | 26.75% | 8.46% |
Returns By Period
In the year-to-date period, MLPFX achieves a 20.14% return, which is significantly higher than IVNQX's -5.88% 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%
IVNQX
- 1D
- 3.42%
- 1M
- -4.94%
- YTD
- -5.88%
- 6M
- -4.11%
- 1Y
- 22.78%
- 3Y*
- 22.26%
- 5Y*
- 12.94%
- 10Y*
- —
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MLPFX vs. IVNQX - Expense Ratio Comparison
MLPFX has a 10.29% expense ratio, which is higher than IVNQX's 0.29% expense ratio.
Return for Risk
MLPFX vs. IVNQX — Risk / Return Rank
MLPFX
IVNQX
MLPFX vs. IVNQX - 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 Invesco Nasdaq 100 Index Fund (IVNQX). 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 | IVNQX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 1.06 | +0.11 |
Sortino ratioReturn per unit of downside risk | 1.53 | 1.65 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.31 | 1.63 | -0.33 |
Martin ratioReturn relative to average drawdown | 3.91 | 6.05 | -2.14 |
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
| MLPFX | IVNQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 1.06 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.37 | 0.58 | +0.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.63 | -0.26 |
Correlation
The correlation between MLPFX and IVNQX is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MLPFX vs. IVNQX - Dividend Comparison
MLPFX's dividend yield for the trailing twelve months is around 5.25%, more than IVNQX's 1.39% 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% |
IVNQX Invesco Nasdaq 100 Index Fund | 1.39% | 1.31% | 0.72% | 0.54% | 0.73% | 0.84% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MLPFX vs. IVNQX - Drawdown Comparison
The maximum MLPFX drawdown since its inception was -76.01%, which is greater than IVNQX's maximum drawdown of -34.83%. Use the drawdown chart below to compare losses from any high point for MLPFX and IVNQX.
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Drawdown Indicators
| MLPFX | IVNQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.01% | -34.83% | -41.18% |
Max Drawdown (1Y)Largest decline over 1 year | -14.55% | -12.56% | -1.99% |
Max Drawdown (5Y)Largest decline over 5 years | -18.81% | -34.83% | +16.02% |
Max Drawdown (10Y)Largest decline over 10 years | -72.18% | — | — |
Current DrawdownCurrent decline from peak | -1.39% | -8.94% | +7.55% |
Average DrawdownAverage peak-to-trough decline | -13.20% | -8.45% | -4.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.86% | 3.39% | +1.47% |
Volatility
MLPFX vs. IVNQX - Volatility Comparison
The current volatility for Invesco SteelPath MLP Select 40 Fund Class A (MLPFX) is 3.71%, while Invesco Nasdaq 100 Index Fund (IVNQX) has a volatility of 6.55%. This indicates that MLPFX experiences smaller price fluctuations and is considered to be less risky than IVNQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLPFX | IVNQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | 6.55% | -2.84% |
Volatility (6M)Calculated over the trailing 6-month period | 8.67% | 12.88% | -4.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.92% | 22.53% | -5.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.90% | 22.51% | -4.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.08% | 22.56% | +2.52% |