MLPI vs. UTG

Last updated Jun 4, 2026

MLPI (Neos MLP & Energy Infrastructure High Income ETF) is Energy Equities fund actively managed by Neos, while UTG (Reaves Utility Income Trust) is a stock. At a 0.20 correlation, their price movements are largely independent.

Performance

MLPI vs. UTG - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with MLPI having a 17.58% return and UTG slightly lower at 16.83%.

MLPI

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

UTG

• 1D: -0.12%
• 1M: -2.28%
• YTD: 16.83%
• 6M: 14.83%
• 1Y: 27.73%
• 3Y*: 24.38%
• 5Y*: 11.47%
• 10Y*: 10.70%

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

MLPI vs. UTG - Yearly Performance Comparison

	2026 (YTD)	2025
MLPI Neos MLP & Energy Infrastructure High Income ETF	17.58%	0.56%
UTG Reaves Utility Income Trust	16.83%	2.02%

Correlation

The correlation between MLPI and UTG is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 19, 2025	0.20

Return for Risk

MLPI vs. UTG — Risk / Return Rank

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

UTG

UTG Risk / Return Rank: 78
UTG Sharpe Ratio Rank: 84
UTG Sortino Ratio Rank: 77
UTG Omega Ratio Rank: 77
UTG Calmar Ratio Rank: 77
UTG Martin Ratio Rank: 76

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. UTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neos MLP & Energy Infrastructure High Income ETF (MLPI) and Reaves Utility Income Trust (UTG). 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	UTG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.67	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.69	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.49	0.48	+3.00

Drawdowns

MLPI vs. UTG - Drawdown Comparison

The maximum MLPI drawdown since its inception was -5.38%, smaller than the maximum UTG drawdown of -67.77%. Use the drawdown chart below to compare losses from any high point for MLPI and UTG.

Drawdown Indicators

	MLPI	UTG	Difference
Max Drawdown Largest peak-to-trough decline	-5.38%	-67.77%	+62.39%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.59%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.03%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.54%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-47.91%	—
Current Drawdown Current decline from peak	-3.84%	-3.53%	-0.31%
Average Drawdown Average peak-to-trough decline	-1.27%	-8.74%	+7.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.18%	—

Volatility

Volatility by Period

	MLPI	UTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.08%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.74%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.05%	16.65%	-3.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.05%	16.80%	-3.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.05%	21.59%	-8.54%

Dividends

MLPI vs. UTG - Dividend Comparison

MLPI's dividend yield for the trailing twelve months is around 6.04%, more than UTG's 5.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MLPI Neos MLP & Energy Infrastructure High Income ETF	6.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UTG Reaves Utility Income Trust	5.70%	6.42%	7.19%	8.53%	8.07%	6.35%	6.59%	5.69%	6.86%	6.21%	9.02%	6.86%

Frequently Asked Questions

Can I hold both MLPI and UTG in my portfolio?

MLPI and UTG have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.