MLPOX vs. RSNYX
MLPOX (Invesco SteelPath MLP Alpha Fund) and RSNYX (Victory Global Energy Transition Fund Class Y) are both Energy Equities funds. Over the past 10 years, MLPOX returned 9.40%/yr vs 12.86%/yr for RSNYX. Their 0.62 correlation means they have sometimes moved together and sometimes differently. MLPOX charges 1.29%/yr vs 1.15%/yr for RSNYX.
Performance
MLPOX vs. RSNYX - Performance Comparison
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Returns By Period
In the year-to-date period, MLPOX achieves a 22.76% return, which is significantly lower than RSNYX's 28.50% return. Over the past 10 years, MLPOX has underperformed RSNYX with an annualized return of 9.40%, while RSNYX has yielded a comparatively higher 12.86% annualized return.
MLPOX
- 1D
- 0.75%
- 1M
- 4.21%
- 6M
- 16.78%
- YTD
- 22.76%
- 1Y
- 24.37%
- 3Y*
- 24.31%
- 5Y*
- 23.92%
- 10Y*
- 9.40%
- ALL TIME*
- 7.67%
RSNYX
- 1D
- 0.25%
- 1M
- -1.49%
- 6M
- 13.62%
- YTD
- 28.50%
- 1Y
- 74.45%
- 3Y*
- 27.23%
- 5Y*
- 29.81%
- 10Y*
- 12.86%
- ALL TIME*
- 4.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MLPOX vs. RSNYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLPOX Invesco SteelPath MLP Alpha Fund | 22.76% | 4.47% | 40.63% | 20.44% | 29.45% | 39.81% | -30.40% | 6.71% | -14.77% | -6.96% |
RSNYX Victory Global Energy Transition Fund Class Y | 28.50% | 70.14% | 16.28% | -8.32% | 35.48% | 83.62% | 27.86% | -24.32% | -45.63% | 1.36% |
Correlation
The correlation between MLPOX and RSNYX is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.59 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2010 | 0.62 |
Over the past year, the correlation between MLPOX and RSNYX has dropped to 0.24 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
MLPOX vs. RSNYX — Risk / Return Rank
MLPOX
RSNYX
MLPOX vs. RSNYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco SteelPath MLP Alpha Fund (MLPOX) and Victory Global Energy Transition Fund Class Y (RSNYX). 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.
| MLPOX | RSNYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.52 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.94 | 6.34 | -2.40 |
| Martin ratioReturn relative to average drawdown | 9.74 | 17.45 | -7.71 |
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Drawdowns
MLPOX vs. RSNYX - Drawdown Comparison
The maximum MLPOX drawdown since its inception was -76.99%, smaller than the maximum RSNYX drawdown of -89.31%. Use the drawdown chart below to compare losses from any high point for MLPOX and RSNYX.
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Drawdown Indicators
| MLPOX | RSNYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.99% | -89.31% | +12.32% |
Max Drawdown (1Y)Largest decline over 1 year | -5.93% | -11.65% | +5.72% |
Max Drawdown (3Y)Largest decline over 3 years | -15.18% | -24.99% | +9.81% |
Max Drawdown (5Y)Largest decline over 5 years | -21.17% | -25.28% | +4.11% |
Max Drawdown (10Y)Largest decline over 10 years | -72.41% | -84.10% | +11.69% |
Current DrawdownCurrent decline from peak | -0.74% | -7.52% | +6.78% |
Average DrawdownAverage peak-to-trough decline | -16.29% | -32.06% | +15.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 4.23% | -1.77% |
Volatility
MLPOX vs. RSNYX - Volatility Comparison
The current volatility for Invesco SteelPath MLP Alpha Fund (MLPOX) is 3.82%, while Victory Global Energy Transition Fund Class Y (RSNYX) has a volatility of 4.40%. This indicates that MLPOX experiences smaller price fluctuations and is considered to be less risky than RSNYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLPOX | RSNYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 4.40% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 9.22% | 16.98% | -7.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.74% | 23.20% | -11.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.05% | 24.58% | -5.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.95% | 31.31% | -5.36% |
MLPOX vs. RSNYX - Expense Ratio Comparison
MLPOX has a 1.29% expense ratio, which is higher than RSNYX's 1.15% expense ratio.
Dividends
MLPOX vs. RSNYX - Dividend Comparison
MLPOX's dividend yield for the trailing twelve months is around 4.72%, more than RSNYX's 3.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPOX Invesco SteelPath MLP Alpha Fund | 4.72% | 5.31% | 4.26% | 5.55% | 6.19% | 7.52% | 13.39% | 10.42% | 10.08% | 8.00% | 7.18% | 7.85% |
RSNYX Victory Global Energy Transition Fund Class Y | 3.42% | 4.39% | 1.89% | 2.67% | 1.07% | 0.04% | 0.26% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MLPOX and RSNYX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RSNYX has higher volatility (4.40%) compared to MLPOX (3.82%). In terms of maximum drawdown, MLPOX dropped -76.99% vs RSNYX's -89.31%.
RSNYX currently has the higher Sharpe Ratio (3.19 vs 1.99), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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