MLPFX vs. VVOAX
Compare and contrast key facts about Invesco SteelPath MLP Select 40 Fund Class A (MLPFX) and Invesco Value Opportunities Fund (VVOAX).
MLPFX is an actively managed fund by Invesco. It was launched on Mar 31, 2010. VVOAX is managed by Invesco. It was launched on Jun 25, 2001.
Performance
MLPFX vs. VVOAX - Performance Comparison
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MLPFX vs. VVOAX - 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% |
VVOAX Invesco Value Opportunities Fund | 5.98% | 20.24% | 30.01% | 15.20% | 1.33% | 35.60% | 5.49% | 29.84% | -19.92% | 17.07% |
Returns By Period
In the year-to-date period, MLPFX achieves a 20.14% return, which is significantly higher than VVOAX's 5.98% return. Over the past 10 years, MLPFX has underperformed VVOAX with an annualized return of 11.36%, while VVOAX has yielded a comparatively higher 14.64% 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%
VVOAX
- 1D
- 2.69%
- 1M
- -6.69%
- YTD
- 5.98%
- 6M
- 11.47%
- 1Y
- 34.05%
- 3Y*
- 25.74%
- 5Y*
- 16.70%
- 10Y*
- 14.64%
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MLPFX vs. VVOAX - Expense Ratio Comparison
MLPFX has a 10.29% expense ratio, which is higher than VVOAX's 1.22% expense ratio.
Return for Risk
MLPFX vs. VVOAX — Risk / Return Rank
MLPFX
VVOAX
MLPFX vs. VVOAX - 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 Value Opportunities Fund (VVOAX). 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 | VVOAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 1.51 | -0.33 |
Sortino ratioReturn per unit of downside risk | 1.53 | 2.04 | -0.51 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.31 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.31 | 2.09 | -0.78 |
Martin ratioReturn relative to average drawdown | 3.91 | 8.91 | -5.00 |
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 | VVOAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 1.51 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.37 | 0.80 | +0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.61 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.38 | -0.01 |
Correlation
The correlation between MLPFX and VVOAX is 0.60, 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. VVOAX - Dividend Comparison
MLPFX's dividend yield for the trailing twelve months is around 5.25%, less than VVOAX's 9.84% 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% |
VVOAX Invesco Value Opportunities Fund | 9.84% | 10.43% | 7.79% | 2.27% | 9.79% | 8.82% | 0.25% | 1.95% | 15.44% | 5.11% | 1.10% | 15.87% |
Drawdowns
MLPFX vs. VVOAX - Drawdown Comparison
The maximum MLPFX drawdown since its inception was -76.01%, which is greater than VVOAX's maximum drawdown of -62.08%. Use the drawdown chart below to compare losses from any high point for MLPFX and VVOAX.
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Drawdown Indicators
| MLPFX | VVOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.01% | -62.08% | -13.93% |
Max Drawdown (1Y)Largest decline over 1 year | -14.55% | -15.08% | +0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -18.81% | -24.05% | +5.24% |
Max Drawdown (10Y)Largest decline over 10 years | -72.18% | -51.80% | -20.38% |
Current DrawdownCurrent decline from peak | -1.39% | -6.76% | +5.37% |
Average DrawdownAverage peak-to-trough decline | -13.20% | -11.80% | -1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.86% | 3.54% | +1.32% |
Volatility
MLPFX vs. VVOAX - Volatility Comparison
The current volatility for Invesco SteelPath MLP Select 40 Fund Class A (MLPFX) is 3.71%, while Invesco Value Opportunities Fund (VVOAX) has a volatility of 7.27%. This indicates that MLPFX experiences smaller price fluctuations and is considered to be less risky than VVOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLPFX | VVOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | 7.27% | -3.56% |
Volatility (6M)Calculated over the trailing 6-month period | 8.67% | 14.27% | -5.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.92% | 22.91% | -5.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.90% | 21.06% | -3.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.08% | 24.20% | +0.88% |