MLPFX vs. VADAX
Compare and contrast key facts about Invesco SteelPath MLP Select 40 Fund Class A (MLPFX) and Invesco Equally-Weighted S&P 500 Fund Class A (VADAX).
MLPFX is an actively managed fund by Invesco. It was launched on Mar 31, 2010. VADAX is managed by Invesco.
Performance
MLPFX vs. VADAX - Performance Comparison
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MLPFX vs. VADAX - 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% |
VADAX Invesco Equally-Weighted S&P 500 Fund Class A | -1.47% | 10.89% | 12.40% | 13.29% | -12.07% | 28.93% | 12.30% | 28.59% | -8.19% | 18.26% |
Returns By Period
In the year-to-date period, MLPFX achieves a 20.14% return, which is significantly higher than VADAX's -1.47% return. Over the past 10 years, MLPFX has outperformed VADAX with an annualized return of 11.36%, while VADAX has yielded a comparatively lower 10.47% 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%
VADAX
- 1D
- -0.23%
- 1M
- -7.89%
- YTD
- -1.47%
- 6M
- -0.21%
- 1Y
- 10.07%
- 3Y*
- 10.61%
- 5Y*
- 7.23%
- 10Y*
- 10.47%
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MLPFX vs. VADAX - Expense Ratio Comparison
MLPFX has a 10.29% expense ratio, which is higher than VADAX's 0.52% expense ratio.
Return for Risk
MLPFX vs. VADAX — Risk / Return Rank
MLPFX
VADAX
MLPFX vs. VADAX - 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 Equally-Weighted S&P 500 Fund Class A (VADAX). 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 | VADAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 0.64 | +0.53 |
Sortino ratioReturn per unit of downside risk | 1.53 | 1.02 | +0.51 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.14 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.31 | 0.71 | +0.60 |
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. | |||
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Sharpe Ratios by Period
| MLPFX | VADAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 0.64 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.37 | 0.45 | +0.93 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.57 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.44 | -0.07 |
Correlation
The correlation between MLPFX and VADAX is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MLPFX vs. VADAX - Dividend Comparison
MLPFX's dividend yield for the trailing twelve months is around 5.25%, less than VADAX's 10.36% 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% |
VADAX Invesco Equally-Weighted S&P 500 Fund Class A | 10.36% | 10.21% | 8.77% | 4.69% | 8.49% | 9.80% | 6.21% | 4.49% | 6.90% | 2.76% | 0.30% | 2.77% |
Drawdowns
MLPFX vs. VADAX - Drawdown Comparison
The maximum MLPFX drawdown since its inception was -76.01%, which is greater than VADAX's maximum drawdown of -60.27%. Use the drawdown chart below to compare losses from any high point for MLPFX and VADAX.
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Drawdown Indicators
| MLPFX | VADAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.01% | -60.27% | -15.74% |
Max Drawdown (1Y)Largest decline over 1 year | -14.55% | -12.61% | -1.94% |
Max Drawdown (5Y)Largest decline over 5 years | -18.81% | -21.74% | +2.93% |
Max Drawdown (10Y)Largest decline over 10 years | -72.18% | -39.32% | -32.86% |
Current DrawdownCurrent decline from peak | -1.39% | -7.89% | +6.50% |
Average DrawdownAverage peak-to-trough decline | -13.20% | -7.13% | -6.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.86% | 2.78% | +2.08% |
Volatility
MLPFX vs. VADAX - Volatility Comparison
Invesco SteelPath MLP Select 40 Fund Class A (MLPFX) and Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) have volatilities of 3.71% and 3.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLPFX | VADAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | 3.76% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 8.67% | 8.70% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.92% | 17.17% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.90% | 16.27% | +1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.08% | 18.53% | +6.55% |