MLPI vs. XLEI

Last updated Apr 1, 2026

Compare and contrast key facts about Neos MLP & Energy Infrastructure High Income ETF (MLPI) and State Street Energy Select Sector SPDR Premium Income ETF (XLEI).

MLPI and XLEI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MLPI is an actively managed fund by Neos. It was launched on Dec 17, 2025. XLEI is a passively managed fund by State Street that tracks the performance of the S&P Energy Select Sector. It was launched on Jul 29, 2025.

Performance

MLPI vs. XLEI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neos MLP & Energy Infrastructure High Income ETF (MLPI) and State Street Energy Select Sector SPDR Premium Income ETF (XLEI). The values are adjusted to include any dividend payments, if applicable.

MLPI vs. XLEI - Yearly Performance Comparison

	2026 (YTD)	2025
MLPI Neos MLP & Energy Infrastructure High Income ETF	17.27%	0.56%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	20.48%	2.20%

Returns By Period

In the year-to-date period, MLPI achieves a 17.27% return, which is significantly lower than XLEI's 20.48% return.

MLPI

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

XLEI

• 1D: -0.66%
• 1M: 7.60%
• YTD: 20.48%
• 6M: 24.96%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MLPI vs. XLEI - Expense Ratio Comparison

MLPI has a 0.68% expense ratio, which is higher than XLEI's 0.35% expense ratio.

MLPI

Neos MLP & Energy Infrastructure High Income ETF

XLEI

State Street Energy Select Sector SPDR Premium Income ETF

Return for Risk

MLPI vs. XLEI - 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 Premium Income ETF (XLEI). 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	XLEI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	7.48	4.03	+3.46

Correlation

The correlation between MLPI and XLEI is 0.63, 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. XLEI - Dividend Comparison

MLPI's dividend yield for the trailing twelve months is around 3.49%, less than XLEI's 11.17% yield.

	TTM	2025
MLPI Neos MLP & Energy Infrastructure High Income ETF	3.49%	0.00%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	11.17%	10.17%

Drawdowns

MLPI vs. XLEI - Drawdown Comparison

The maximum MLPI drawdown since its inception was -2.78%, smaller than the maximum XLEI drawdown of -5.31%. Use the drawdown chart below to compare losses from any high point for MLPI and XLEI.

Drawdown Indicators

	MLPI	XLEI	Difference
Max Drawdown Largest peak-to-trough decline	-2.78%	-5.31%	+2.53%
Current Drawdown Current decline from peak	-1.19%	-0.92%	-0.27%
Average Drawdown Average peak-to-trough decline	-0.60%	-0.93%	+0.33%

Volatility

Volatility by Period

	MLPI	XLEI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.12%	11.43%	-0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.12%	11.43%	-0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.12%	11.43%	-0.31%