MLPI vs. IWMI
Compare and contrast key facts about Neos MLP & Energy Infrastructure High Income ETF (MLPI) and NEOS Russell 2000 High Income ETF (IWMI).
MLPI and IWMI 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. IWMI is an actively managed fund by Neos. It was launched on Jun 24, 2024.
Performance
MLPI vs. IWMI - Performance Comparison
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MLPI vs. IWMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MLPI Neos MLP & Energy Infrastructure High Income ETF | 17.27% | 0.56% |
IWMI NEOS Russell 2000 High Income ETF | 0.93% | -0.57% |
Returns By Period
In the year-to-date period, MLPI achieves a 17.27% return, which is significantly higher than IWMI's 0.93% return.
MLPI
- 1D
- -0.40%
- 1M
- 3.16%
- YTD
- 17.27%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWMI
- 1D
- 3.49%
- 1M
- -4.05%
- YTD
- 0.93%
- 6M
- 4.83%
- 1Y
- 25.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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MLPI vs. IWMI - Expense Ratio Comparison
Both MLPI and IWMI have an expense ratio of 0.68%.
Return for Risk
MLPI vs. IWMI — Risk / Return Rank
MLPI
IWMI
MLPI vs. IWMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neos MLP & Energy Infrastructure High Income ETF (MLPI) and NEOS Russell 2000 High Income ETF (IWMI). 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.
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Sharpe Ratios by Period
| MLPI | IWMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 7.48 | 0.71 | +6.78 |
Correlation
The correlation between MLPI and IWMI is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MLPI vs. IWMI - Dividend Comparison
MLPI's dividend yield for the trailing twelve months is around 3.49%, less than IWMI's 14.48% yield.
| TTM | 2025 | 2024 | |
|---|---|---|---|
MLPI Neos MLP & Energy Infrastructure High Income ETF | 3.49% | 0.00% | 0.00% |
IWMI NEOS Russell 2000 High Income ETF | 14.48% | 14.05% | 8.78% |
Drawdowns
MLPI vs. IWMI - Drawdown Comparison
The maximum MLPI drawdown since its inception was -2.78%, smaller than the maximum IWMI drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for MLPI and IWMI.
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Drawdown Indicators
| MLPI | IWMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.78% | -23.88% | +21.10% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.42% | — |
Current DrawdownCurrent decline from peak | -1.19% | -5.20% | +4.01% |
Average DrawdownAverage peak-to-trough decline | -0.60% | -4.44% | +3.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.69% | — |
Volatility
MLPI vs. IWMI - Volatility Comparison
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Volatility by Period
| MLPI | IWMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.03% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.89% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.12% | 19.11% | -7.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.12% | 18.30% | -7.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.12% | 18.30% | -7.18% |