MLPFX vs. MSIGX

Last updated Aug 1, 2026

MLPFX (Invesco SteelPath MLP Select 40 Fund Class A) and MSIGX (Invesco Main Street Fund) are both mutual funds - MLPFX is a MLPs fund actively managed by Invesco, while MSIGX is a Large Cap Blend Equities fund managed by Invesco. Over the past 10 years, MLPFX returned 10.44%/yr vs 11.49%/yr for MSIGX. Their 0.47 correlation means their historical movements had little consistent relationship. MLPFX charges 10.29%/yr vs 0.82%/yr for MSIGX.

Performance

MLPFX vs. MSIGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco SteelPath MLP Select 40 Fund Class A (MLPFX) and Invesco Main Street Fund (MSIGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MLPFX achieves a 25.13% return, which is significantly higher than MSIGX's 6.19% return. Over the past 10 years, MLPFX has underperformed MSIGX with an annualized return of 10.44%, while MSIGX has yielded a comparatively higher 11.49% annualized return.

MLPFX

• 1D: 0.55%
• 1M: 2.53%
• 6M: 15.87%
• YTD: 25.13%
• 1Y: 29.05%
• 3Y*: 24.26%
• 5Y*: 22.44%
• 10Y*: 10.44%
• ALL TIME*: 8.28%

MSIGX

• 1D: 1.67%
• 1M: -0.09%
• 6M: 5.03%
• YTD: 6.19%
• 1Y: 14.74%
• 3Y*: 16.16%
• 5Y*: 10.00%
• 10Y*: 11.49%
• ALL TIME*: 11.17%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MLPFX Invesco SteelPath MLP Select 40 Fund Class A	$0.00	$0.00	$0.00
MSIGX Invesco Main Street Fund	$0.00	$0.00	$0.00

MLPFX vs. MSIGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MLPFX Invesco SteelPath MLP Select 40 Fund Class A	25.13%	8.22%	29.99%	22.47%	21.84%	39.44%	-25.43%	6.90%	-9.63%	-4.02%
MSIGX Invesco Main Street Fund	6.19%	16.02%	23.66%	23.06%	-20.21%	27.37%	14.41%	22.49%	-8.25%	16.79%

Correlation

The correlation between MLPFX and MSIGX is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.01
Correlation (3Y) Balances recent behavior with more history.	0.29
Correlation (5Y) Shows whether the relationship held over a longer period.	0.42
Correlation (10Y) Provides a long-term view across more market conditions.	0.45
Correlation (All Time) Calculated using the full available price history since Apr 6, 2010	0.47

The correlation between MLPFX and MSIGX shifts across timeframes, from -0.01 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MLPFX vs. MSIGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MLPFX

MLPFX Risk / Return Rank: 86
MLPFX Sharpe Ratio Rank: 89
MLPFX Sortino Ratio Rank: 84
MLPFX Omega Ratio Rank: 80
MLPFX Calmar Ratio Rank: 94
MLPFX Martin Ratio Rank: 85

MSIGX

MSIGX Risk / Return Rank: 34
MSIGX Sharpe Ratio Rank: 35
MSIGX Sortino Ratio Rank: 36
MSIGX Omega Ratio Rank: 34
MSIGX Calmar Ratio Rank: 30
MSIGX Martin Ratio Rank: 36

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MLPFX vs. MSIGX - 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 Main Street Fund (MSIGX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MLPFX	MSIGX	Difference
Sharpe ratio: Return per unit of total volatility	2.22	1.07	+1.15
Sortino ratio: Return per unit of downside risk	3.04	1.59	+1.44
Omega ratio: Gain probability vs. loss probability	1.37	1.19	+0.18
Calmar ratio: Return relative to maximum drawdown	3.92	1.29	+2.63
Martin ratio: Return relative to average drawdown	10.91	5.13	+5.78

MLPFX vs. MSIGX - Sharpe Ratio Comparison

The current MLPFX Sharpe Ratio is 2.22, which is higher than the MSIGX Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of MLPFX and MSIGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MLPFX vs. MSIGX - Drawdown Comparison

The maximum MLPFX drawdown since its inception was -76.01%, which is greater than MSIGX's maximum drawdown of -57.22%. Use the drawdown chart below to compare losses from any high point for MLPFX and MSIGX.

Drawdown Indicators

	MLPFX	MSIGX	Difference
Max Drawdown Largest peak-to-trough decline	-76.01%	-57.22%	-18.79%
Max Drawdown (1Y) Largest decline over 1 year	-7.40%	-10.96%	+3.56%
Max Drawdown (3Y) Largest decline over 3 years	-14.55%	-19.91%	+5.36%
Max Drawdown (5Y) Largest decline over 5 years	-18.81%	-26.73%	+7.92%
Max Drawdown (10Y) Largest decline over 10 years	-72.18%	-35.41%	-36.77%
Current Drawdown Current decline from peak	-3.16%	-1.76%	-1.40%
Average Drawdown Average peak-to-trough decline	-12.99%	-8.96%	-4.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	2.63%	+0.02%

Volatility

MLPFX vs. MSIGX - Volatility Comparison

Invesco SteelPath MLP Select 40 Fund Class A (MLPFX) has a higher volatility of 4.55% compared to Invesco Main Street Fund (MSIGX) at 3.47%. This indicates that MLPFX's price experiences larger fluctuations and is considered to be riskier than MSIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MLPFX	MSIGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.55%	3.47%	+1.08%
Volatility (6M) Calculated over the trailing 6-month period	10.16%	10.35%	-0.19%
Volatility (1Y) Calculated over the trailing 1-year period	13.08%	13.27%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.54%	17.03%	+0.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.08%	17.91%	+7.17%

MLPFX vs. MSIGX - Expense Ratio Comparison

MLPFX has a 10.29% expense ratio, which is higher than MSIGX's 0.82% expense ratio.

Dividends

MLPFX vs. MSIGX - Dividend Comparison

MLPFX's dividend yield for the trailing twelve months is around 5.24%, less than MSIGX's 7.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MLPFX Invesco SteelPath MLP Select 40 Fund Class A	5.24%	6.11%	5.29%	6.54%	7.34%	8.29%	13.36%	10.42%	10.09%	8.35%	7.41%	7.84%
MSIGX Invesco Main Street Fund	7.06%	7.50%	6.06%	7.40%	4.68%	19.19%	3.17%	0.89%	19.62%	7.50%	2.96%	13.79%

Frequently Asked Questions

Can I hold both MLPFX and MSIGX in my portfolio?

MLPFX and MSIGX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MLPFX or MSIGX?

MLPFX has higher volatility (4.55%) compared to MSIGX (3.47%). In terms of maximum drawdown, MLPFX dropped -76.01% vs MSIGX's -57.22%.

Which has better risk-adjusted returns?

MLPFX currently has the higher Sharpe Ratio (2.22 vs 1.07), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.