MLPI vs. XLE
MLPI (NEOS MLP & Energy Infrastructure High Income ETF) and XLE (State Street Energy Select Sector SPDR ETF) are both exchange-traded funds - MLPI is a Infrastructure Equities fund actively managed by Neos, while XLE is a Energy Equities fund tracking the Energy Select Sector Index. MLPI is actively managed, while XLE is passively managed. Their 0.68 correlation means they have sometimes moved together and sometimes differently. MLPI charges 0.68%/yr vs 0.08%/yr for XLE.
Performance
MLPI vs. XLE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MLPI achieves a 18.15% return, which is significantly lower than XLE's 35.03% return.
MLPI
- 1D
- -0.07%
- 1M
- -0.05%
- 6M
- 11.52%
- YTD
- 18.15%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
XLE
- 1D
- 1.00%
- 1M
- 11.89%
- 6M
- 18.26%
- YTD
- 35.03%
- 1Y
- 43.49%
- 3Y*
- 14.62%
- 5Y*
- 23.67%
- 10Y*
- 10.52%
- ALL TIME*
- 8.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $23.44M | $21.53M | $19.40M | |
| $1.70B | $1.73B | $1.97B |
MLPI vs. XLE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MLPI NEOS MLP & Energy Infrastructure High Income ETF | 18.15% | 0.36% |
XLE State Street Energy Select Sector SPDR ETF | 35.03% | 0.69% |
Correlation
The correlation between MLPI and XLE is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025 | 0.68 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MLPI vs. XLE — Risk / Return Rank
MLPI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XLE
MLPI vs. XLE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS MLP & Energy Infrastructure High Income ETF (MLPI) and State Street Energy Select Sector SPDR ETF (XLE). 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 | XLE | 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 | — | 2.74 | — |
| Martin ratioReturn relative to average drawdown | — | 7.32 | — |
Loading charts...
Drawdowns
MLPI vs. XLE - Drawdown Comparison
The maximum MLPI drawdown since its inception was -5.38%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for MLPI and XLE.
Loading charts...
Drawdown Indicators
| MLPI | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.38% | -71.26% | +65.88% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.98% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.14% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.04% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.81% | — |
Current DrawdownCurrent decline from peak | -3.36% | -4.13% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -1.63% | -17.93% | +16.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.62% | — |
Volatility
MLPI vs. XLE - Volatility Comparison
Loading charts...
Volatility by Period
| MLPI | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.85% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.71% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.31% | 21.05% | -7.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.31% | 25.77% | -12.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.31% | 29.57% | -16.26% |
MLPI vs. XLE - Expense Ratio Comparison
MLPI has a 0.68% expense ratio, which is higher than XLE's 0.08% expense ratio.
Dividends
MLPI vs. XLE - Dividend Comparison
MLPI's dividend yield for the trailing twelve months is around 8.63%, more than XLE's 2.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPI NEOS MLP & Energy Infrastructure High Income ETF | 8.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLE State Street Energy Select Sector SPDR ETF | 2.55% | 3.28% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 6.72% | 3.54% | 3.03% | 2.26% | 3.39% |
Frequently Asked Questions
MLPI and XLE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XLE is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLE is cheaper with a 0.08% expense ratio, compared with 0.68% for MLPI.
MLPI has the higher dividend yield at 8.63%, compared with 2.55% for XLE.
MLPI is categorized as Infrastructure Equities, while XLE is Energy Equities. They also come from different issuers: Neos and State Street. Their fees differ too: 0.68% for MLPI and 0.08% for XLE.
Find the right allocation for MLPI and XLE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer