MLPI vs. TSPY

Last updated Jun 4, 2026

MLPI (Neos MLP & Energy Infrastructure High Income ETF) and TSPY (TappAlpha SPY Growth & Daily Income ETF) are both exchange-traded funds - MLPI is a Energy Equities fund actively managed by Neos, while TSPY is a Derivative Income fund actively managed by TappAlpha. Both are actively managed. At a correlation of -0.12, they often move in opposite directions. Both charge a 0.68% expense ratio.

Performance

MLPI vs. TSPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neos MLP & Energy Infrastructure High Income ETF (MLPI) and TappAlpha SPY Growth & Daily Income ETF (TSPY). 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 TSPY's 9.21% return.

MLPI

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

TSPY

• 1D: -0.04%
• 1M: 5.21%
• YTD: 9.21%
• 6M: 9.43%
• 1Y: 27.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MLPI vs. TSPY - Yearly Performance Comparison

	2026 (YTD)	2025
MLPI Neos MLP & Energy Infrastructure High Income ETF	17.58%	0.56%
TSPY TappAlpha SPY Growth & Daily Income ETF	9.21%	1.27%

Correlation

The correlation between MLPI and TSPY is -0.12, 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	-0.12

Return for Risk

MLPI vs. TSPY — Risk / Return Rank

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

TSPY

TSPY Risk / Return Rank: 67
TSPY Sharpe Ratio Rank: 71
TSPY Sortino Ratio Rank: 71
TSPY Omega Ratio Rank: 71
TSPY Calmar Ratio Rank: 57
TSPY Martin Ratio Rank: 68

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. TSPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neos MLP & Energy Infrastructure High Income ETF (MLPI) and TappAlpha SPY Growth & Daily Income ETF (TSPY). 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	TSPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.49	1.17	+2.31

Drawdowns

MLPI vs. TSPY - Drawdown Comparison

The maximum MLPI drawdown since its inception was -5.38%, smaller than the maximum TSPY drawdown of -18.02%. Use the drawdown chart below to compare losses from any high point for MLPI and TSPY.

Drawdown Indicators

	MLPI	TSPY	Difference
Max Drawdown Largest peak-to-trough decline	-5.38%	-18.02%	+12.64%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.63%	—
Current Drawdown Current decline from peak	-3.84%	-0.13%	-3.71%
Average Drawdown Average peak-to-trough decline	-1.27%	-2.53%	+1.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.16%	—

Volatility

Volatility by Period

	MLPI	TSPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.52%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.72%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.05%	11.68%	+1.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.05%	16.05%	-3.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.05%	16.05%	-3.00%

MLPI vs. TSPY - Expense Ratio Comparison

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

Dividends

MLPI vs. TSPY - Dividend Comparison

MLPI's dividend yield for the trailing twelve months is around 6.04%, less than TSPY's 13.68% yield.

Position	TTM	2025	2024
MLPI Neos MLP & Energy Infrastructure High Income ETF	6.04%	0.00%	0.00%
TSPY TappAlpha SPY Growth & Daily Income ETF	13.68%	13.69%	3.45%

Frequently Asked Questions

Can I hold both MLPI and TSPY in my portfolio?

MLPI and TSPY have a correlation of -0.12, 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 TSPY?

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 TSPY?

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

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

TSPY has the higher dividend yield at 13.68%, compared with 6.04% for MLPI.

What is the main difference between MLPI and TSPY?

MLPI is categorized as Energy Equities, while TSPY is Derivative Income. They also come from different issuers: Neos and TappAlpha.