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MLPI vs. ENFR
Performance
Return for Risk
Dividends
Drawdowns
Volatility

MLPI vs. ENFR

Last updated Apr 1, 2026

Compare and contrast key facts about Neos MLP & Energy Infrastructure High Income ETF (MLPI) and Alerian Energy Infrastructure ETF (ENFR).

MLPI and ENFR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MLPI is an actively managed fund by Neos. It was launched on Dec 17, 2025. ENFR is a passively managed fund by SS&C that tracks the performance of the Alerian Midstream Energy Select Index. It was launched on Nov 1, 2013.

Performance

MLPI vs. ENFR - Performance Comparison

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

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MLPI vs. ENFR - Yearly Performance Comparison

2026 (YTD)2025
MLPI
Neos MLP & Energy Infrastructure High Income ETF		17.27%0.56%
ENFR
Alerian Energy Infrastructure ETF		22.85%2.26%

Returns By Period

In the year-to-date period, MLPI achieves a 17.27% return, which is significantly lower than ENFR's 22.85% return.

MLPI

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

ENFR

1D
-1.39%
1M
4.03%
YTD
22.85%
6M
20.70%
1Y
22.29%
3Y*
28.68%
5Y*
23.59%
10Y*
13.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Neos MLP & Energy Infrastructure High Income ETF

Alerian Energy Infrastructure ETF

Often compared with MLPI:
MLPI vs. AMLPMLPI vs. QQQIMLPI vs. MDSTMLPI vs. XLEMLPI vs. TSPYMLPI vs. VOOMLPI vs. UTG
Often compared with ENFR:
ENFR vs. AMLPENFR vs. MLPXENFR vs. TPYPENFR vs. EMLPENFR vs. MPLXENFR vs. UMIENFR vs. SPY

MLPI vs. ENFR - Expense Ratio Comparison

MLPI has a 0.68% expense ratio, which is higher than ENFR's 0.35% expense ratio.

MLPI
Neos MLP & Energy Infrastructure High Income ETF
ENFR
Alerian Energy Infrastructure ETF

Return for Risk

MLPI vs. ENFR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MLPI
ENFR
ENFR Risk / Return Rank: 6666
Overall Rank
ENFR Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
ENFR Sortino Ratio Rank: 6767
Sortino Ratio Rank
ENFR Omega Ratio Rank: 7171
Omega Ratio Rank
ENFR Calmar Ratio Rank: 6363
Calmar Ratio Rank
ENFR Martin Ratio Rank: 5454
Martin Ratio Rank
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. ENFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neos MLP & Energy Infrastructure High Income ETF (MLPI) and Alerian Energy Infrastructure ETF (ENFR). 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.

MLPI vs. ENFR - Sharpe Ratio Comparison

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Sharpe Ratios by Period

MLPIENFRDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

1.25

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

1.24

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.55

—

Sharpe Ratio (All Time)

Calculated using the full available price history

7.48

0.34

+7.14

Correlation

The correlation between MLPI and ENFR is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

MLPI vs. ENFR - Dividend Comparison

MLPI's dividend yield for the trailing twelve months is around 3.49%, less than ENFR's 4.02% yield.

TTM20252024202320222021202020192018201720162015
MLPI
Neos MLP & Energy Infrastructure High Income ETF		3.49%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ENFR
Alerian Energy Infrastructure ETF		4.02%4.77%4.41%5.48%5.23%7.86%7.57%5.81%3.98%2.98%3.31%3.34%

Drawdowns

MLPI vs. ENFR - Drawdown Comparison

The maximum MLPI drawdown since its inception was -2.78%, smaller than the maximum ENFR drawdown of -68.28%. Use the drawdown chart below to compare losses from any high point for MLPI and ENFR.

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Drawdown Indicators

MLPIENFRDifference

Max Drawdown

Largest peak-to-trough decline

-2.78%

-68.28%

+65.50%

Max Drawdown (1Y)

Largest decline over 1 year

—

-14.80%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-20.29%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-62.64%

—

Current Drawdown

Current decline from peak

-1.19%

-2.18%

+0.99%

Average Drawdown

Average peak-to-trough decline

-0.60%

-16.16%

+15.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

4.47%

—

Volatility

MLPI vs. ENFR - Volatility Comparison

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Volatility by Period

MLPIENFRDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

3.72%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

10.21%

—

Volatility (1Y)

Calculated over the trailing 1-year period

11.12%

17.91%

-6.79%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.12%

19.18%

-8.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.12%

24.74%

-13.62%