MLPLX vs. VADAX
Compare and contrast key facts about Invesco SteelPath MLP Alpha Plus Fund Class A (MLPLX) and Invesco Equally-Weighted S&P 500 Fund Class A (VADAX).
MLPLX is an actively managed fund by Invesco. It was launched on Feb 6, 2012. VADAX is managed by Invesco.
Performance
MLPLX vs. VADAX - Performance Comparison
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MLPLX vs. VADAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLPLX Invesco SteelPath MLP Alpha Plus Fund Class A | 24.85% | 4.36% | 47.10% | 25.02% | 38.31% | 55.18% | -46.03% | 8.79% | -21.09% | -11.18% |
VADAX Invesco Equally-Weighted S&P 500 Fund Class A | -1.47% | 10.89% | 12.40% | 13.29% | -12.07% | 28.93% | 12.30% | 28.59% | -8.19% | 18.26% |
Returns By Period
In the year-to-date period, MLPLX achieves a 24.85% return, which is significantly higher than VADAX's -1.47% return. Over the past 10 years, MLPLX has outperformed VADAX with an annualized return of 12.01%, while VADAX has yielded a comparatively lower 10.47% annualized return.
MLPLX
- 1D
- -0.68%
- 1M
- 4.13%
- YTD
- 24.85%
- 6M
- 28.08%
- 1Y
- 19.00%
- 3Y*
- 32.02%
- 5Y*
- 33.16%
- 10Y*
- 12.01%
VADAX
- 1D
- -0.23%
- 1M
- -7.89%
- YTD
- -1.47%
- 6M
- -0.21%
- 1Y
- 10.07%
- 3Y*
- 10.61%
- 5Y*
- 7.23%
- 10Y*
- 10.47%
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MLPLX vs. VADAX - Expense Ratio Comparison
MLPLX has a 17.25% expense ratio, which is higher than VADAX's 0.52% expense ratio.
Return for Risk
MLPLX vs. VADAX — Risk / Return Rank
MLPLX
VADAX
MLPLX vs. VADAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco SteelPath MLP Alpha Plus Fund Class A (MLPLX) and Invesco Equally-Weighted S&P 500 Fund Class A (VADAX). 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.
| MLPLX | VADAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.64 | +0.22 |
Sortino ratioReturn per unit of downside risk | 1.18 | 1.02 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.14 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.96 | 0.71 | +0.25 |
Martin ratioReturn relative to average drawdown | 2.19 | 3.23 | -1.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MLPLX | VADAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.64 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.32 | 0.45 | +0.87 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.57 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.44 | -0.26 |
Correlation
The correlation between MLPLX and VADAX is 0.55, 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
MLPLX vs. VADAX - Dividend Comparison
MLPLX's dividend yield for the trailing twelve months is around 4.78%, less than VADAX's 10.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPLX Invesco SteelPath MLP Alpha Plus Fund Class A | 4.78% | 5.70% | 4.42% | 5.92% | 6.79% | 8.75% | 22.54% | 14.33% | 13.67% | 9.68% | 7.88% | 9.20% |
VADAX Invesco Equally-Weighted S&P 500 Fund Class A | 10.36% | 10.21% | 8.77% | 4.69% | 8.49% | 9.80% | 6.21% | 4.49% | 6.90% | 2.76% | 0.30% | 2.77% |
Drawdowns
MLPLX vs. VADAX - Drawdown Comparison
The maximum MLPLX drawdown since its inception was -88.76%, which is greater than VADAX's maximum drawdown of -60.27%. Use the drawdown chart below to compare losses from any high point for MLPLX and VADAX.
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Drawdown Indicators
| MLPLX | VADAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.76% | -60.27% | -28.49% |
Max Drawdown (1Y)Largest decline over 1 year | -18.61% | -12.61% | -6.00% |
Max Drawdown (5Y)Largest decline over 5 years | -27.21% | -21.74% | -5.47% |
Max Drawdown (10Y)Largest decline over 10 years | -85.02% | -39.32% | -45.70% |
Current DrawdownCurrent decline from peak | -1.09% | -7.89% | +6.80% |
Average DrawdownAverage peak-to-trough decline | -29.30% | -7.13% | -22.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.17% | 2.78% | +5.39% |
Volatility
MLPLX vs. VADAX - Volatility Comparison
Invesco SteelPath MLP Alpha Plus Fund Class A (MLPLX) has a higher volatility of 4.20% compared to Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) at 3.76%. This indicates that MLPLX's price experiences larger fluctuations and is considered to be riskier than VADAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLPLX | VADAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 3.76% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 11.08% | 8.70% | +2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.04% | 17.17% | +4.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.38% | 16.27% | +9.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.79% | 18.53% | +17.26% |