MLPQ.L vs. ^SIXU

Last updated Jun 4, 2026

MLPQ.L (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF) is Energy Equities fund tracking the MSCI World/Energy NR USD, while ^SIXU (Utilities Select Sector Index) is an index. Over the past 10 years, MLPQ.L returned 8.16%/yr vs 6.58%/yr for ^SIXU. At a 0.17 correlation, their price movements are largely independent.

Performance

MLPQ.L vs. ^SIXU - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPQ.L) and Utilities Select Sector Index (^SIXU). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MLPQ.L is traded in GBp, while ^SIXU is traded in USD. To make them comparable, the ^SIXU values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, MLPQ.L achieves a 19.60% return, which is significantly higher than ^SIXU's 2.28% return. Over the past 10 years, MLPQ.L has outperformed ^SIXU with an annualized return of 8.16%, while ^SIXU has yielded a comparatively lower 6.58% annualized return.

MLPQ.L

• 1D: 1.38%
• 1M: 2.14%
• YTD: 19.60%
• 6M: 15.65%
• 1Y: 17.12%
• 3Y*: 16.27%
• 5Y*: 18.67%
• 10Y*: 8.16%

^SIXU

• 1D: -0.27%
• 1M: -5.40%
• YTD: 2.28%
• 6M: -0.68%
• 1Y: 6.96%
• 3Y*: 7.65%
• 5Y*: 7.13%
• 10Y*: 6.58%

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

MLPQ.L vs. ^SIXU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MLPQ.L Invesco Morningstar US Energy Infrastructure MLP UCITS ETF	19.60%	-4.55%	24.63%	12.94%	47.46%	38.65%	-33.55%	3.85%	-9.99%	-16.88%
^SIXU Utilities Select Sector Index	2.28%	4.66%	21.67%	-14.69%	10.38%	14.97%	-5.66%	17.59%	6.44%	-1.05%

Correlation

The correlation between MLPQ.L and ^SIXU is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since Jun 25, 2013	0.17

Return for Risk

MLPQ.L vs. ^SIXU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MLPQ.L

MLPQ.L Risk / Return Rank: 30
MLPQ.L Sharpe Ratio Rank: 29
MLPQ.L Sortino Ratio Rank: 27
MLPQ.L Omega Ratio Rank: 28
MLPQ.L Calmar Ratio Rank: 38
MLPQ.L Martin Ratio Rank: 30

^SIXU

^SIXU Risk / Return Rank: 26
^SIXU Sharpe Ratio Rank: 26
^SIXU Sortino Ratio Rank: 24
^SIXU Omega Ratio Rank: 24
^SIXU Calmar Ratio Rank: 29
^SIXU Martin Ratio Rank: 28

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MLPQ.L vs. ^SIXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPQ.L) and Utilities Select Sector Index (^SIXU). 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.

	MLPQ.L	^SIXU	Difference
Sharpe ratio: Return per unit of total volatility	1.06	0.46	+0.60
Sortino ratio: Return per unit of downside risk	1.47	0.73	+0.73
Omega ratio: Gain probability vs. loss probability	1.19	1.09	+0.10
Calmar ratio: Return relative to maximum drawdown	1.88	0.68	+1.20
Martin ratio: Return relative to average drawdown	4.40	1.48	+2.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MLPQ.L vs. ^SIXU - Sharpe Ratio Comparison

The current MLPQ.L Sharpe Ratio is 1.06, which is higher than the ^SIXU Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of MLPQ.L and ^SIXU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MLPQ.L	^SIXU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	0.46	+0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.95	0.41	+0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	0.33	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.37	-0.18

Drawdowns

MLPQ.L vs. ^SIXU - Drawdown Comparison

The maximum MLPQ.L drawdown since its inception was -75.62%, which is greater than ^SIXU's maximum drawdown of -30.58%. Use the drawdown chart below to compare losses from any high point for MLPQ.L and ^SIXU.

Drawdown Indicators

	MLPQ.L	^SIXU	Difference
Max Drawdown Largest peak-to-trough decline	-75.62%	-30.58%	-45.04%
Max Drawdown (1Y) Largest decline over 1 year	-9.07%	-10.25%	+1.18%
Max Drawdown (3Y) Largest decline over 3 years	-19.04%	-13.49%	-5.55%
Max Drawdown (5Y) Largest decline over 5 years	-19.04%	-30.58%	+11.54%
Max Drawdown (10Y) Largest decline over 10 years	-74.07%	-30.58%	-43.49%
Current Drawdown Current decline from peak	-3.00%	-8.36%	+5.36%
Average Drawdown Average peak-to-trough decline	-20.04%	-8.99%	-11.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.88%	4.74%	-0.86%

Volatility

MLPQ.L vs. ^SIXU - Volatility Comparison

Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPQ.L) has a higher volatility of 6.19% compared to Utilities Select Sector Index (^SIXU) at 5.84%. This indicates that MLPQ.L's price experiences larger fluctuations and is considered to be riskier than ^SIXU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MLPQ.L	^SIXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.19%	5.84%	+0.35%
Volatility (6M) Calculated over the trailing 6-month period	12.68%	12.05%	+0.63%
Volatility (1Y) Calculated over the trailing 1-year period	16.13%	15.09%	+1.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.75%	17.42%	+2.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.80%	20.32%	+7.48%

Frequently Asked Questions

Can I hold both MLPQ.L and ^SIXU in my portfolio?

MLPQ.L and ^SIXU have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.