MLPI vs. BEMB
MLPI (NEOS MLP & Energy Infrastructure High Income ETF) and BEMB (Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF) are both exchange-traded funds - MLPI is a MLPs fund actively managed by NEOS, while BEMB is a Emerging Markets Bonds fund actively managed by iShares. Both are actively managed. At a correlation of -0.28, they often move in opposite directions. MLPI charges 0.68%/yr vs 0.18%/yr for BEMB.
Performance
MLPI vs. BEMB - Performance Comparison
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Returns By Period
In the year-to-date period, MLPI achieves a 21.15% return, which is significantly higher than BEMB's 1.24% return.
MLPI
- 1D
- 0.43%
- 1M
- 3.48%
- 6M
- 21.06%
- YTD
- 21.15%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BEMB
- 1D
- -0.11%
- 1M
- -0.71%
- 6M
- 1.14%
- YTD
- 1.24%
- 1Y
- 7.92%
- 3Y*
- 7.96%
- 5Y*
- —
- 10Y*
- —
MLPI vs. BEMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MLPI NEOS MLP & Energy Infrastructure High Income ETF | 21.15% | 0.36% |
BEMB Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF | 1.24% | 0.50% |
Correlation
The correlation between MLPI and BEMB is -0.28, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025 | -0.28 |
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Return for Risk
MLPI vs. BEMB — Risk / Return Rank
MLPI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BEMB
MLPI vs. BEMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS MLP & Energy Infrastructure High Income ETF (MLPI) and Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF (BEMB). 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.
| MLPI | BEMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.17 | — |
| Martin ratioReturn relative to average drawdown | — | 9.25 | — |
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Drawdowns
MLPI vs. BEMB - Drawdown Comparison
The maximum MLPI drawdown since its inception was -5.38%, smaller than the maximum BEMB drawdown of -6.17%. Use the drawdown chart below to compare losses from any high point for MLPI and BEMB.
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Drawdown Indicators
| MLPI | BEMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.38% | -6.17% | +0.79% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.67% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.17% | — |
Current DrawdownCurrent decline from peak | -0.91% | -0.77% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -1.58% | -0.92% | -0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.86% | — |
Volatility
MLPI vs. BEMB - Volatility Comparison
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Volatility by Period
| MLPI | BEMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.00% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.62% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.25% | 4.29% | +8.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.25% | 5.83% | +7.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.25% | 5.83% | +7.42% |
MLPI vs. BEMB - Expense Ratio Comparison
MLPI has a 0.68% expense ratio, which is higher than BEMB's 0.18% expense ratio.
Dividends
MLPI vs. BEMB - Dividend Comparison
MLPI's dividend yield for the trailing twelve months is around 7.10%, more than BEMB's 6.92% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BEMB Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF | 6.92% | 6.88% | 6.31% | 5.46% |
MLPI NEOS MLP & Energy Infrastructure High Income ETF | 7.10% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MLPI and BEMB have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BEMB is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BEMB is cheaper with a 0.18% expense ratio, compared with 0.68% for MLPI.
MLPI has the higher dividend yield at 7.10%, compared with 6.92% for BEMB.
MLPI is categorized as MLPs, while BEMB is Emerging Markets Bonds. They also come from different issuers: NEOS and iShares. Their fees differ too: 0.68% for MLPI and 0.18% for BEMB.
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