MLPI vs. SRV

Last updated Apr 1, 2026

Compare and contrast key facts about Neos MLP & Energy Infrastructure High Income ETF (MLPI) and NXG Cushing® Midstream Energy Fund (SRV).

MLPI is an actively managed fund by Neos. It was launched on Dec 17, 2025. SRV is an actively managed fund by NXG. It was launched on Aug 24, 2007.

Performance

MLPI vs. SRV - Performance Comparison

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

MLPI vs. SRV - Yearly Performance Comparison

	2026 (YTD)	2025
MLPI Neos MLP & Energy Infrastructure High Income ETF	17.27%	0.56%
SRV NXG Cushing® Midstream Energy Fund	17.58%	6.58%

Returns By Period

The year-to-date returns for both investments are quite close, with MLPI having a 17.27% return and SRV slightly higher at 17.58%.

MLPI

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

SRV

• 1D: -1.20%
• 1M: 4.15%
• YTD: 17.58%
• 6M: 8.86%
• 1Y: 21.40%
• 3Y*: 30.55%
• 5Y*: 27.61%
• 10Y*: 13.59%

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

MLPI vs. SRV - Expense Ratio Comparison

MLPI has a 0.68% expense ratio, which is lower than SRV's 1.00% expense ratio.

SRV

NXG Cushing® Midstream Energy Fund

MLPI

Neos MLP & Energy Infrastructure High Income ETF

Return for Risk

MLPI vs. SRV — Risk / Return Rank

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

SRV

SRV Risk / Return Rank: 45
SRV Sharpe Ratio Rank: 52
SRV Sortino Ratio Rank: 41
SRV Omega Ratio Rank: 53
SRV Calmar Ratio Rank: 46
SRV Martin Ratio Rank: 33

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. SRV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neos MLP & Energy Infrastructure High Income ETF (MLPI) and NXG Cushing® Midstream Energy Fund (SRV). 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	SRV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.97	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.06	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	7.48	-0.02	+7.51

Correlation

The correlation between MLPI and SRV is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MLPI vs. SRV - Dividend Comparison

MLPI's dividend yield for the trailing twelve months is around 3.49%, less than SRV's 16.95% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SRV NXG Cushing® Midstream Energy Fund	16.95%	19.31%	13.86%	15.56%	8.85%	4.72%	12.05%	10.59%	12.73%	9.07%	7.95%	11.01%

Drawdowns

MLPI vs. SRV - Drawdown Comparison

The maximum MLPI drawdown since its inception was -2.78%, smaller than the maximum SRV drawdown of -92.93%. Use the drawdown chart below to compare losses from any high point for MLPI and SRV.

Drawdown Indicators

	MLPI	SRV	Difference
Max Drawdown Largest peak-to-trough decline	-2.78%	-92.93%	+90.15%
Max Drawdown (1Y) Largest decline over 1 year	—	-18.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.26%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-81.70%	—
Current Drawdown Current decline from peak	-1.19%	-16.68%	+15.49%
Average Drawdown Average peak-to-trough decline	-0.60%	-48.80%	+48.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.96%	—

Volatility

Volatility by Period

	MLPI	SRV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.12%	22.19%	-11.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.12%	26.19%	-15.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.12%	38.32%	-27.20%