MLPNX vs. VAFAX
Compare and contrast key facts about Invesco SteelPath MLP Alpha Plus Fund (MLPNX) and Invesco American Franchise Fund Class A (VAFAX).
MLPNX is managed by Invesco. It was launched on Dec 29, 2011. VAFAX is managed by Invesco. It was launched on Jun 23, 2005.
Performance
MLPNX vs. VAFAX - Performance Comparison
Loading graphics...
MLPNX vs. VAFAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLPNX Invesco SteelPath MLP Alpha Plus Fund | 23.30% | 4.56% | 47.50% | 25.29% | 38.54% | 55.22% | -45.69% | 8.98% | -20.95% | -0.65% |
VAFAX Invesco American Franchise Fund Class A | -9.70% | 11.86% | 34.78% | 40.91% | -31.20% | 11.13% | 42.15% | 36.55% | -3.99% | 27.11% |
Returns By Period
In the year-to-date period, MLPNX achieves a 23.30% return, which is significantly higher than VAFAX's -9.70% return. Both investments have delivered pretty close results over the past 10 years, with MLPNX having a 13.35% annualized return and VAFAX not far ahead at 13.99%.
MLPNX
- 1D
- -1.28%
- 1M
- 0.90%
- YTD
- 23.30%
- 6M
- 27.08%
- 1Y
- 17.04%
- 3Y*
- 31.75%
- 5Y*
- 32.44%
- 10Y*
- 13.35%
VAFAX
- 1D
- 4.44%
- 1M
- -5.93%
- YTD
- -9.70%
- 6M
- -12.22%
- 1Y
- 14.68%
- 3Y*
- 19.34%
- 5Y*
- 7.06%
- 10Y*
- 13.99%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MLPNX vs. VAFAX - Expense Ratio Comparison
MLPNX has a 1.34% expense ratio, which is higher than VAFAX's 0.95% expense ratio.
Return for Risk
MLPNX vs. VAFAX — Risk / Return Rank
MLPNX
VAFAX
MLPNX vs. VAFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco SteelPath MLP Alpha Plus Fund (MLPNX) and Invesco American Franchise Fund Class A (VAFAX). 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.
| MLPNX | VAFAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 0.63 | +0.18 |
Sortino ratioReturn per unit of downside risk | 1.12 | 1.06 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.15 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.94 | 0.65 | +0.29 |
Martin ratioReturn relative to average drawdown | 2.16 | 2.03 | +0.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| MLPNX | VAFAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 0.63 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.29 | 0.31 | +0.98 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.63 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.53 | -0.31 |
Correlation
The correlation between MLPNX and VAFAX is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MLPNX vs. VAFAX - Dividend Comparison
MLPNX's dividend yield for the trailing twelve months is around 4.51%, less than VAFAX's 15.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPNX Invesco SteelPath MLP Alpha Plus Fund | 4.51% | 5.31% | 4.14% | 5.58% | 6.44% | 8.34% | 21.57% | 13.90% | 13.34% | 20.56% | 7.75% | 9.09% |
VAFAX Invesco American Franchise Fund Class A | 15.61% | 14.09% | 3.74% | 0.00% | 8.32% | 26.50% | 8.78% | 6.85% | 10.42% | 5.37% | 4.08% | 4.90% |
Drawdowns
MLPNX vs. VAFAX - Drawdown Comparison
The maximum MLPNX drawdown since its inception was -87.31%, which is greater than VAFAX's maximum drawdown of -48.48%. Use the drawdown chart below to compare losses from any high point for MLPNX and VAFAX.
Loading graphics...
Drawdown Indicators
| MLPNX | VAFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.31% | -48.48% | -38.83% |
Max Drawdown (1Y)Largest decline over 1 year | -18.70% | -19.27% | +0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -27.27% | -38.86% | +11.59% |
Max Drawdown (10Y)Largest decline over 10 years | -83.59% | -38.86% | -44.73% |
Current DrawdownCurrent decline from peak | -2.40% | -15.69% | +13.29% |
Average DrawdownAverage peak-to-trough decline | -25.77% | -8.16% | -17.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.12% | 6.14% | +1.98% |
Volatility
MLPNX vs. VAFAX - Volatility Comparison
The current volatility for Invesco SteelPath MLP Alpha Plus Fund (MLPNX) is 4.22%, while Invesco American Franchise Fund Class A (VAFAX) has a volatility of 8.31%. This indicates that MLPNX experiences smaller price fluctuations and is considered to be less risky than VAFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| MLPNX | VAFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 8.31% | -4.09% |
Volatility (6M)Calculated over the trailing 6-month period | 11.22% | 15.69% | -4.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.04% | 25.39% | -3.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.33% | 23.03% | +2.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.98% | 22.23% | +13.75% |