MLPNX vs. VENAX
Compare and contrast key facts about Invesco SteelPath MLP Alpha Plus Fund (MLPNX) and Vanguard Energy Index Fund Admiral Shares (VENAX).
MLPNX is managed by Invesco. It was launched on Dec 29, 2011. VENAX is managed by Vanguard. It was launched on Oct 7, 2004.
Performance
MLPNX vs. VENAX - Performance Comparison
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MLPNX vs. VENAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLPNX Invesco SteelPath MLP Alpha Plus Fund | 24.90% | 4.56% | 47.50% | 25.29% | 38.54% | 55.22% | -45.69% | 8.98% | -20.95% | -0.65% |
VENAX Vanguard Energy Index Fund Admiral Shares | 39.76% | 7.29% | 6.57% | 0.05% | 62.94% | 55.57% | -33.27% | 9.36% | -19.90% | -2.39% |
Returns By Period
In the year-to-date period, MLPNX achieves a 24.90% return, which is significantly lower than VENAX's 39.76% return. Over the past 10 years, MLPNX has outperformed VENAX with an annualized return of 13.49%, while VENAX has yielded a comparatively lower 11.29% annualized return.
MLPNX
- 1D
- -0.76%
- 1M
- 4.11%
- YTD
- 24.90%
- 6M
- 28.11%
- 1Y
- 19.24%
- 3Y*
- 32.31%
- 5Y*
- 33.41%
- 10Y*
- 13.49%
VENAX
- 1D
- -1.12%
- 1M
- 11.69%
- YTD
- 39.76%
- 6M
- 41.02%
- 1Y
- 39.10%
- 3Y*
- 18.90%
- 5Y*
- 25.11%
- 10Y*
- 11.29%
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MLPNX vs. VENAX - Expense Ratio Comparison
MLPNX has a 1.34% expense ratio, which is higher than VENAX's 0.10% expense ratio.
Return for Risk
MLPNX vs. VENAX — Risk / Return Rank
MLPNX
VENAX
MLPNX vs. VENAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco SteelPath MLP Alpha Plus Fund (MLPNX) and Vanguard Energy Index Fund Admiral Shares (VENAX). 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 | VENAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | 1.63 | -0.76 |
Sortino ratioReturn per unit of downside risk | 1.20 | 2.05 | -0.85 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.31 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.97 | 2.09 | -1.12 |
Martin ratioReturn relative to average drawdown | 2.22 | 5.98 | -3.76 |
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
| MLPNX | VENAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 1.63 | -0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.33 | 0.95 | +0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.38 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.29 | -0.07 |
Correlation
The correlation between MLPNX and VENAX is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MLPNX vs. VENAX - Dividend Comparison
MLPNX's dividend yield for the trailing twelve months is around 4.45%, more than VENAX's 2.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPNX Invesco SteelPath MLP Alpha Plus Fund | 4.45% | 5.31% | 4.14% | 5.58% | 6.44% | 8.34% | 21.57% | 13.90% | 13.34% | 20.56% | 7.75% | 9.09% |
VENAX Vanguard Energy Index Fund Admiral Shares | 2.25% | 3.10% | 3.24% | 3.34% | 3.65% | 3.80% | 4.76% | 3.41% | 3.35% | 2.90% | 2.31% | 3.17% |
Drawdowns
MLPNX vs. VENAX - Drawdown Comparison
The maximum MLPNX drawdown since its inception was -87.31%, which is greater than VENAX's maximum drawdown of -74.42%. Use the drawdown chart below to compare losses from any high point for MLPNX and VENAX.
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Drawdown Indicators
| MLPNX | VENAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.31% | -74.42% | -12.89% |
Max Drawdown (1Y)Largest decline over 1 year | -18.70% | -19.04% | +0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -27.27% | -26.59% | -0.68% |
Max Drawdown (10Y)Largest decline over 10 years | -83.59% | -69.58% | -14.01% |
Current DrawdownCurrent decline from peak | -1.14% | -1.12% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -25.78% | -20.09% | -5.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.12% | 6.64% | +1.48% |
Volatility
MLPNX vs. VENAX - Volatility Comparison
The current volatility for Invesco SteelPath MLP Alpha Plus Fund (MLPNX) is 4.34%, while Vanguard Energy Index Fund Admiral Shares (VENAX) has a volatility of 5.01%. This indicates that MLPNX experiences smaller price fluctuations and is considered to be less risky than VENAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLPNX | VENAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 5.01% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 11.13% | 13.94% | -2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.05% | 24.99% | -2.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.32% | 26.55% | -1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.00% | 30.17% | +5.83% |