MLPI vs. NIHI

Last updated Jun 4, 2026

MLPI (Neos MLP & Energy Infrastructure High Income ETF) and NIHI (NEOS MSCI EAFE High Income ETF) are both exchange-traded funds - MLPI is a Energy Equities fund actively managed by Neos, while NIHI is a Derivative Income fund actively managed by Neos. Both are actively managed. At a correlation of -0.11, they often move in opposite directions. Both charge a 0.68% expense ratio.

Performance

MLPI vs. NIHI - Performance Comparison

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

Returns By Period

In the year-to-date period, MLPI achieves a 17.58% return, which is significantly higher than NIHI's 5.84% return.

MLPI

• 1D: 0.04%
• 1M: -3.13%
• YTD: 17.58%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NIHI

• 1D: -0.52%
• 1M: 3.11%
• YTD: 5.84%
• 6M: 8.19%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MLPI vs. NIHI - Yearly Performance Comparison

	2026 (YTD)	2025
MLPI Neos MLP & Energy Infrastructure High Income ETF	17.58%	0.56%
NIHI NEOS MSCI EAFE High Income ETF	5.84%	1.27%

Correlation

The correlation between MLPI and NIHI is -0.11, 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 19, 2025	-0.11

Return for Risk

MLPI vs. NIHI - 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 MSCI EAFE High Income ETF (NIHI). 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	NIHI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	3.49	1.10	+2.38

Drawdowns

MLPI vs. NIHI - Drawdown Comparison

The maximum MLPI drawdown since its inception was -5.38%, smaller than the maximum NIHI drawdown of -10.88%. Use the drawdown chart below to compare losses from any high point for MLPI and NIHI.

Drawdown Indicators

	MLPI	NIHI	Difference
Max Drawdown Largest peak-to-trough decline	-5.38%	-10.88%	+5.50%
Current Drawdown Current decline from peak	-3.84%	-1.15%	-2.69%
Average Drawdown Average peak-to-trough decline	-1.27%	-2.38%	+1.11%

Volatility

Volatility by Period

	MLPI	NIHI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13.05%	15.11%	-2.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.05%	15.11%	-2.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.05%	15.11%	-2.06%

MLPI vs. NIHI - Expense Ratio Comparison

Both MLPI and NIHI have an expense ratio of 0.68%.

Dividends

MLPI vs. NIHI - Dividend Comparison

MLPI's dividend yield for the trailing twelve months is around 6.04%, less than NIHI's 7.83% yield.

Position	TTM	2025
MLPI Neos MLP & Energy Infrastructure High Income ETF	6.04%	0.00%
NIHI NEOS MSCI EAFE High Income ETF	7.83%	3.44%

Frequently Asked Questions

Can I hold both MLPI and NIHI in my portfolio?

MLPI and NIHI have a correlation of -0.11, 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 NIHI?

Both ETFs have the same 0.68% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MLPI or NIHI?

MLPI and NIHI have the same expense ratio: 0.68% per year.

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

NIHI has the higher dividend yield at 7.83%, compared with 6.04% for MLPI.

What is the main difference between MLPI and NIHI?

MLPI is categorized as Energy Equities, while NIHI is Derivative Income.