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