MLPI vs. TSPY
MLPI (NEOS MLP & Energy Infrastructure High Income ETF) and TSPY (TappAlpha S&P 500 Growth & Daily Income ETF) are both exchange-traded funds - MLPI is a Infrastructure Equities fund actively managed by Neos, while TSPY is a Derivative Income fund actively managed by TappAlpha. Both are actively managed. Their -0.23 correlation means they have often moved in opposite directions in the past. Both charge a 0.68% expense ratio.
Performance
MLPI vs. TSPY - Performance Comparison
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Returns By Period
In the year-to-date period, MLPI achieves a 15.00% return, which is significantly higher than TSPY's 10.76% return.
MLPI
- 1D
- -1.23%
- 1M
- -2.22%
- 6M
- 7.95%
- YTD
- 15.00%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TSPY
- 1D
- -0.39%
- 1M
- 2.09%
- 6M
- 9.96%
- YTD
- 10.76%
- 1Y
- 21.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $24.53M | $22.34M | $19.68M | |
| $6.81M | $5.16M | $5.49M |
MLPI vs. TSPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MLPI NEOS MLP & Energy Infrastructure High Income ETF | 15.00% | 0.36% |
TSPY TappAlpha S&P 500 Growth & Daily Income ETF | 10.76% | 1.92% |
Correlation
The correlation between MLPI and TSPY is -0.23, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025 | -0.23 |
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Return for Risk
MLPI vs. TSPY — Risk / Return Rank
MLPI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSPY
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 S&P 500 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MLPI | TSPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.29 | — |
| Martin ratioReturn relative to average drawdown | — | 9.60 | — |
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Drawdowns
MLPI vs. TSPY - Drawdown Comparison
The maximum MLPI drawdown since its inception was -5.94%, 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.
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Drawdown Indicators
| MLPI | TSPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.94% | -18.02% | +12.08% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.63% | — |
Current DrawdownCurrent decline from peak | -5.94% | -0.39% | -5.55% |
Average DrawdownAverage peak-to-trough decline | -1.69% | -2.45% | +0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.30% | — |
Volatility
MLPI vs. TSPY - Volatility Comparison
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Volatility by Period
| MLPI | TSPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.31% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.00% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.40% | 12.64% | +0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.40% | 15.96% | -2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.40% | 15.96% | -2.56% |
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 8.87%, less than TSPY's 13.87% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MLPI NEOS MLP & Energy Infrastructure High Income ETF | 8.87% | 0.00% | 0.00% |
TSPY TappAlpha S&P 500 Growth & Daily Income ETF | 13.87% | 13.69% | 3.45% |
Frequently Asked Questions
MLPI and TSPY have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.68% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
MLPI and TSPY have the same expense ratio: 0.68% per year.
TSPY has the higher dividend yield at 13.87%, compared with 8.87% for MLPI.
MLPI is categorized as Infrastructure Equities, while TSPY is Derivative Income. They also come from different issuers: Neos and TappAlpha.
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