MLPI vs. ^VIX

Last updated Apr 1, 2026

Compare and contrast key facts about Neos MLP & Energy Infrastructure High Income ETF (MLPI) and CBOE Volatility Index (^VIX).

MLPI is an actively managed fund by Neos. It was launched on Dec 17, 2025.

Performance

MLPI vs. ^VIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neos MLP & Energy Infrastructure High Income ETF (MLPI) and CBOE Volatility Index (^VIX). The values are adjusted to include any dividend payments, if applicable.

MLPI vs. ^VIX - Yearly Performance Comparison

	2026 (YTD)	2025
MLPI Neos MLP & Energy Infrastructure High Income ETF	17.27%	0.56%
^VIX CBOE Volatility Index	68.90%	-11.38%

Returns By Period

In the year-to-date period, MLPI achieves a 17.27% return, which is significantly lower than ^VIX's 68.90% return.

MLPI

• 1D: -0.40%
• 1M: 3.16%
• YTD: 17.27%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

^VIX

• 1D: -17.51%
• 1M: 27.14%
• YTD: 68.90%
• 6M: 55.10%
• 1Y: 13.33%
• 3Y*: 10.53%
• 5Y*: 7.82%
• 10Y*: 6.78%

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

Return for Risk

MLPI vs. ^VIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^VIX

^VIX Risk / Return Rank: 27
^VIX Sharpe Ratio Rank: 20
^VIX Sortino Ratio Rank: 62
^VIX Omega Ratio Rank: 46
^VIX Calmar Ratio Rank: 1
^VIX Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MLPI vs. ^VIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neos MLP & Energy Infrastructure High Income ETF (MLPI) and CBOE Volatility Index (^VIX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MLPI	^VIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.09	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.06	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	7.48	0.01	+7.47

Correlation

The correlation between MLPI and ^VIX is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Drawdowns

MLPI vs. ^VIX - Drawdown Comparison

The maximum MLPI drawdown since its inception was -2.78%, smaller than the maximum ^VIX drawdown of -88.70%. Use the drawdown chart below to compare losses from any high point for MLPI and ^VIX.

Drawdown Indicators

	MLPI	^VIX	Difference
Max Drawdown Largest peak-to-trough decline	-2.78%	-88.70%	+85.92%
Max Drawdown (1Y) Largest decline over 1 year	—	-74.26%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-74.26%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-85.66%	—
Current Drawdown Current decline from peak	-1.19%	-69.46%	+68.27%
Average Drawdown Average peak-to-trough decline	-0.60%	-64.04%	+63.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	51.14%	—

Volatility

Volatility by Period

	MLPI	^VIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	49.21%	—
Volatility (6M) Calculated over the trailing 6-month period	—	93.64%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.12%	139.40%	-128.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.12%	125.33%	-114.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.12%	136.00%	-124.88%