MLPQ.L vs. MLPS.L
Compare and contrast key facts about Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPQ.L) and Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPS.L).
MLPQ.L and MLPS.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MLPQ.L is a passively managed fund by Invesco that tracks the performance of the MSCI World/Energy NR USD. It was launched on May 15, 2013. MLPS.L is a passively managed fund by Invesco that tracks the performance of the MSCI World/Energy NR USD. It was launched on May 15, 2013. Both MLPQ.L and MLPS.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
MLPQ.L vs. MLPS.L - Performance Comparison
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MLPQ.L vs. MLPS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLPQ.L Invesco Morningstar US Energy Infrastructure MLP UCITS ETF | 15.58% | -4.55% | 24.63% | 12.94% | 47.46% | 38.65% | -33.55% | 3.85% | -9.99% | -16.88% |
MLPS.L Invesco Morningstar US Energy Infrastructure MLP UCITS ETF | 16.30% | -4.86% | 24.76% | 13.41% | 47.61% | 38.07% | -33.22% | 3.12% | -9.84% | -16.59% |
Different Trading Currencies
MLPQ.L is traded in GBp, while MLPS.L is traded in USD. To make them comparable, the MLPS.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with MLPQ.L having a 15.58% return and MLPS.L slightly higher at 16.30%. Both investments have delivered pretty close results over the past 10 years, with MLPQ.L having a 10.23% annualized return and MLPS.L not far ahead at 10.32%.
MLPQ.L
- 1D
- -4.01%
- 1M
- -1.26%
- YTD
- 15.58%
- 6M
- 15.47%
- 1Y
- 2.50%
- 3Y*
- 15.47%
- 5Y*
- 21.41%
- 10Y*
- 10.23%
MLPS.L
- 1D
- -3.42%
- 1M
- -0.53%
- YTD
- 16.30%
- 6M
- 16.10%
- 1Y
- 2.96%
- 3Y*
- 15.54%
- 5Y*
- 21.52%
- 10Y*
- 10.32%
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MLPQ.L vs. MLPS.L - Expense Ratio Comparison
Both MLPQ.L and MLPS.L have an expense ratio of 0.50%.
Return for Risk
MLPQ.L vs. MLPS.L — Risk / Return Rank
MLPQ.L
MLPS.L
MLPQ.L vs. MLPS.L - 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 Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPS.L). 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 | MLPS.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.13 | 0.15 | -0.02 |
Sortino ratioReturn per unit of downside risk | 0.29 | 0.32 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.05 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.17 | 0.22 | -0.05 |
Martin ratioReturn relative to average drawdown | 0.34 | 0.46 | -0.11 |
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
| MLPQ.L | MLPS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | 0.15 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | 1.05 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.36 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.18 | 0.00 |
Correlation
The correlation between MLPQ.L and MLPS.L is 0.96, 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
MLPQ.L vs. MLPS.L - Dividend Comparison
Neither MLPQ.L nor MLPS.L has paid dividends to shareholders.
Drawdowns
MLPQ.L vs. MLPS.L - Drawdown Comparison
The maximum MLPQ.L drawdown since its inception was -75.62%, roughly equal to the maximum MLPS.L drawdown of -75.44%. Use the drawdown chart below to compare losses from any high point for MLPQ.L and MLPS.L.
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Drawdown Indicators
| MLPQ.L | MLPS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.62% | -82.23% | +6.61% |
Max Drawdown (1Y)Largest decline over 1 year | -16.22% | -17.38% | +1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -19.04% | -21.76% | +2.72% |
Max Drawdown (10Y)Largest decline over 10 years | -74.07% | -75.70% | +1.63% |
Current DrawdownCurrent decline from peak | -4.80% | -4.62% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -20.24% | -28.58% | +8.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.18% | 4.62% | +1.56% |
Volatility
MLPQ.L vs. MLPS.L - Volatility Comparison
Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPQ.L) has a higher volatility of 5.99% compared to Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPS.L) at 5.50%. This indicates that MLPQ.L's price experiences larger fluctuations and is considered to be riskier than MLPS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLPQ.L | MLPS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 5.50% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 10.70% | 10.69% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.28% | 19.50% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.79% | 20.41% | -0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.92% | 28.47% | -0.55% |