MLPI vs. BSMY

Last updated Jun 24, 2026

MLPI (NEOS MLP & Energy Infrastructure High Income ETF) and BSMY (Invesco BulletShares 2034 Municipal Bond ETF) are both exchange-traded funds - MLPI is a MLPs fund actively managed by NEOS, while BSMY is a Municipal Bonds fund tracking the Invesco BulletShares USD Municipal Bond 2034 Index. MLPI is actively managed, while BSMY is passively managed. At a correlation of -0.31, they often move in opposite directions. MLPI charges 0.68%/yr vs 0.18%/yr for BSMY.

Performance

MLPI vs. BSMY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS MLP & Energy Infrastructure High Income ETF (MLPI) and Invesco BulletShares 2034 Municipal Bond ETF (BSMY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MLPI achieves a 19.61% return, which is significantly higher than BSMY's 1.57% return.

MLPI

• 1D: 1.09%
• 1M: -2.18%
• YTD: 19.61%
• 6M: 18.17%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BSMY

• 1D: -0.16%
• 1M: 1.75%
• YTD: 1.57%
• 6M: 1.67%
• 1Y: 7.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MLPI vs. BSMY - Yearly Performance Comparison

	2026 (YTD)	2025
MLPI NEOS MLP & Energy Infrastructure High Income ETF	19.61%	0.36%
BSMY Invesco BulletShares 2034 Municipal Bond ETF	1.57%	0.26%

Correlation

The correlation between MLPI and BSMY is -0.31, 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	-0.31

Return for Risk

MLPI vs. BSMY — Risk / Return Rank

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

MLPI

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

BSMY

BSMY Risk / Return Rank: 66
BSMY Sharpe Ratio Rank: 73
BSMY Sortino Ratio Rank: 80
BSMY Omega Ratio Rank: 81
BSMY Calmar Ratio Rank: 49
BSMY Martin Ratio Rank: 49

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. BSMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS MLP & Energy Infrastructure High Income ETF (MLPI) and Invesco BulletShares 2034 Municipal Bond ETF (BSMY). 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	BSMY	Difference
Sharpe ratio: Return per unit of total volatility	—	2.11	—
Sortino ratio: Return per unit of downside risk	—	3.18	—
Omega ratio: Gain probability vs. loss probability	—	1.43	—
Calmar ratio: Return relative to maximum drawdown	—	2.22	—
Martin ratio: Return relative to average drawdown	—	7.56	—

Drawdowns

MLPI vs. BSMY - Drawdown Comparison

The maximum MLPI drawdown since its inception was -5.38%, smaller than the maximum BSMY drawdown of -6.81%. Use the drawdown chart below to compare losses from any high point for MLPI and BSMY.

Drawdown Indicators

	MLPI	BSMY	Difference
Max Drawdown Largest peak-to-trough decline	-5.38%	-6.81%	+1.43%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.31%	—
Current Drawdown Current decline from peak	-2.18%	-0.66%	-1.52%
Average Drawdown Average peak-to-trough decline	-1.49%	-1.94%	+0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.97%	—

Volatility

Volatility by Period

	MLPI	BSMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.05%	3.49%	+9.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.05%	5.19%	+7.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.05%	5.19%	+7.86%

MLPI vs. BSMY - Expense Ratio Comparison

MLPI has a 0.68% expense ratio, which is higher than BSMY's 0.18% expense ratio.

Dividends

MLPI vs. BSMY - Dividend Comparison

MLPI's dividend yield for the trailing twelve months is around 7.19%, more than BSMY's 3.49% yield.

Position	TTM	2025	2024
BSMY Invesco BulletShares 2034 Municipal Bond ETF	3.49%	3.31%	0.79%
MLPI NEOS MLP & Energy Infrastructure High Income ETF	7.19%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MLPI and BSMY in my portfolio?

MLPI and BSMY have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MLPI or BSMY?

On fees, BSMY is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MLPI or BSMY?

BSMY is cheaper with a 0.18% expense ratio, compared with 0.68% for MLPI.

Which ETF pays a higher dividend yield, MLPI or BSMY?

MLPI has the higher dividend yield at 7.19%, compared with 3.49% for BSMY.

What is the main difference between MLPI and BSMY?

MLPI is categorized as MLPs, while BSMY is Municipal Bonds. They also come from different issuers: NEOS and Invesco. Their fees differ too: 0.68% for MLPI and 0.18% for BSMY.