MLPS.L vs. ET

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPS.L) and Energy Transfer LP (ET).

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.

Performance

MLPS.L vs. ET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPS.L) and Energy Transfer LP (ET). The values are adjusted to include any dividend payments, if applicable.

MLPS.L vs. ET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MLPS.L Invesco Morningstar US Energy Infrastructure MLP UCITS ETF	14.41%	2.44%	22.62%	19.38%	31.92%	36.78%	-31.20%	7.20%	-14.89%	-8.69%
ET Energy Transfer LP	17.51%	-9.37%	53.87%	27.87%	55.74%	42.96%	-44.92%	5.88%	-17.74%	-4.66%

Returns By Period

In the year-to-date period, MLPS.L achieves a 14.41% return, which is significantly lower than ET's 17.51% return. Over the past 10 years, MLPS.L has underperformed ET with an annualized return of 9.54%, while ET has yielded a comparatively higher 20.33% annualized return.

MLPS.L

• 1D: -3.20%
• 1M: -1.65%
• YTD: 14.41%
• 6M: 14.18%
• 1Y: 5.62%
• 3Y*: 18.35%
• 5Y*: 20.49%
• 10Y*: 9.54%

ET

• 1D: -1.45%
• 1M: -0.42%
• YTD: 17.51%
• 6M: 16.34%
• 1Y: 9.61%
• 3Y*: 24.91%
• 5Y*: 29.13%
• 10Y*: 20.33%

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

Return for Risk

MLPS.L vs. ET — Risk / Return Rank

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

MLPS.L

MLPS.L Risk / Return Rank: 19
MLPS.L Sharpe Ratio Rank: 19
MLPS.L Sortino Ratio Rank: 18
MLPS.L Omega Ratio Rank: 19
MLPS.L Calmar Ratio Rank: 18
MLPS.L Martin Ratio Rank: 19

ET

ET Risk / Return Rank: 53
ET Sharpe Ratio Rank: 55
ET Sortino Ratio Rank: 47
ET Omega Ratio Rank: 48
ET Calmar Ratio Rank: 56
ET Martin Ratio Rank: 57

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.

MLPS.L vs. ET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPS.L) and Energy Transfer LP (ET). 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.

	MLPS.L	ET	Difference
Sharpe ratio Return per unit of total volatility	0.29	0.41	-0.12
Sortino ratio Return per unit of downside risk	0.49	0.72	-0.23
Omega ratio Gain probability vs. loss probability	1.08	1.10	-0.02
Calmar ratio Return relative to maximum drawdown	0.32	0.60	-0.28
Martin ratio Return relative to average drawdown	1.06	1.67	-0.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MLPS.L vs. ET - Sharpe Ratio Comparison

The current MLPS.L Sharpe Ratio is 0.29, which is comparable to the ET Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of MLPS.L and ET, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MLPS.L	ET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.29	0.41	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.99	1.15	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.56	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.35	-0.22

Correlation

The correlation between MLPS.L and ET is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MLPS.L vs. ET - Dividend Comparison

MLPS.L has not paid dividends to shareholders, while ET's dividend yield for the trailing twelve months is around 6.97%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MLPS.L Invesco Morningstar US Energy Infrastructure MLP UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ET Energy Transfer LP	6.97%	7.97%	6.51%	8.95%	7.33%	7.41%	17.27%	9.51%	9.24%	6.66%	5.90%	7.42%

Drawdowns

MLPS.L vs. ET - Drawdown Comparison

The maximum MLPS.L drawdown since its inception was -82.23%, smaller than the maximum ET drawdown of -87.81%. Use the drawdown chart below to compare losses from any high point for MLPS.L and ET.

Drawdown Indicators

	MLPS.L	ET	Difference
Max Drawdown Largest peak-to-trough decline	-82.23%	-87.81%	+5.58%
Max Drawdown (1Y) Largest decline over 1 year	-17.38%	-17.33%	-0.05%
Max Drawdown (5Y) Largest decline over 5 years	-21.76%	-25.82%	+4.06%
Max Drawdown (10Y) Largest decline over 10 years	-75.70%	-72.82%	-2.88%
Current Drawdown Current decline from peak	-4.62%	-3.30%	-1.32%
Average Drawdown Average peak-to-trough decline	-28.58%	-25.95%	-2.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.62%	6.24%	-1.62%

Volatility

MLPS.L vs. ET - Volatility Comparison

Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPS.L) and Energy Transfer LP (ET) have volatilities of 5.14% and 5.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MLPS.L	ET	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.14%	5.02%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	9.86%	11.78%	-1.92%
Volatility (1Y) Calculated over the trailing 1-year period	19.41%	23.83%	-4.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.60%	25.47%	-4.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.68%	36.63%	-7.95%