MLPS.L vs. EYED.L

Last updated Jun 4, 2026

MLPS.L (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF) and EYED.L (iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist)) are both Energy Equities funds tracking the MSCI World/Energy NR USD, from Invesco and iShares respectively. Both are passively managed. Over the past 3 years, MLPS.L returned 19.21%/yr vs 21.20%/yr for EYED.L. A 0.55 correlation means they provide meaningful diversification when combined. MLPS.L charges 0.50%/yr vs 0.18%/yr for EYED.L.

Performance

MLPS.L vs. EYED.L - 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 iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) (EYED.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MLPS.L is traded in USD, while EYED.L is traded in GBP. To make them comparable, the EYED.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, MLPS.L achieves a 19.52% return, which is significantly lower than EYED.L's 35.57% return.

MLPS.L

• 1D: 1.18%
• 1M: 0.77%
• YTD: 19.52%
• 6M: 16.56%
• 1Y: 16.47%
• 3Y*: 19.21%
• 5Y*: 17.43%
• 10Y*: 7.33%

EYED.L

• 1D: 1.75%
• 1M: -1.45%
• YTD: 35.57%
• 6M: 32.38%
• 1Y: 57.91%
• 3Y*: 21.20%
• 5Y*: —
• 10Y*: —

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

MLPS.L vs. EYED.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MLPS.L Invesco Morningstar US Energy Infrastructure MLP UCITS ETF	19.52%	2.44%	22.62%	19.38%	1.12%
EYED.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist)	35.57%	29.27%	-11.52%	11.52%	14.81%

Correlation

The correlation between MLPS.L and EYED.L is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (All Time) Calculated using the full available price history since Oct 10, 2022	0.55

The correlation between MLPS.L and EYED.L has been stable across timeframes, ranging from 0.52 to 0.55 - a consistent structural relationship.

MLPS.L vs. EYED.L - Sectors Allocation Comparison

Sectors	MLPS.L	EYED.L
Energy	96.7%	99.2%
Utilities	3.2%	-
Industrials	0.2%	-
Basic Materials	-	-
Communication Services	-	0.8%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	-

Return for Risk

MLPS.L vs. EYED.L — 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: 33
MLPS.L Sharpe Ratio Rank: 32
MLPS.L Sortino Ratio Rank: 30
MLPS.L Omega Ratio Rank: 29
MLPS.L Calmar Ratio Rank: 40
MLPS.L Martin Ratio Rank: 33

EYED.L

EYED.L Risk / Return Rank: 78
EYED.L Sharpe Ratio Rank: 81
EYED.L Sortino Ratio Rank: 69
EYED.L Omega Ratio Rank: 77
EYED.L Calmar Ratio Rank: 86
EYED.L Martin Ratio Rank: 77

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. EYED.L - 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 iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) (EYED.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.

	MLPS.L	EYED.L	Difference
Sharpe ratio: Return per unit of total volatility	1.16	2.59	-1.43
Sortino ratio: Return per unit of downside risk	1.63	3.17	-1.54
Omega ratio: Gain probability vs. loss probability	1.20	1.43	-0.23
Calmar ratio: Return relative to maximum drawdown	1.94	5.66	-3.72
Martin ratio: Return relative to average drawdown	5.03	18.64	-13.61
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. EYED.L - Sharpe Ratio Comparison

The current MLPS.L Sharpe Ratio is 1.16, which is lower than the EYED.L Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of MLPS.L and EYED.L, 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

	MLPS.L	EYED.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	2.59	-1.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.26	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.93	-0.79

Drawdowns

MLPS.L vs. EYED.L - Drawdown Comparison

The maximum MLPS.L drawdown since its inception was -82.23%, which is greater than EYED.L's maximum drawdown of -23.12%. Use the drawdown chart below to compare losses from any high point for MLPS.L and EYED.L.

Drawdown Indicators

	MLPS.L	EYED.L	Difference
Max Drawdown Largest peak-to-trough decline	-82.23%	-23.12%	-59.11%
Max Drawdown (1Y) Largest decline over 1 year	-8.45%	-10.17%	+1.72%
Max Drawdown (3Y) Largest decline over 3 years	-17.67%	-23.12%	+5.45%
Max Drawdown (5Y) Largest decline over 5 years	-21.76%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-75.70%	—	—
Current Drawdown Current decline from peak	-2.66%	-4.96%	+2.30%
Average Drawdown Average peak-to-trough decline	-28.26%	-5.51%	-22.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.27%	3.10%	+0.17%

Volatility

MLPS.L vs. EYED.L - Volatility Comparison

The current volatility for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPS.L) is 5.27%, while iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) (EYED.L) has a volatility of 8.44%. This indicates that MLPS.L experiences smaller price fluctuations and is considered to be less risky than EYED.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MLPS.L	EYED.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.27%	8.44%	-3.17%
Volatility (6M) Calculated over the trailing 6-month period	10.77%	18.91%	-8.14%
Volatility (1Y) Calculated over the trailing 1-year period	14.14%	22.26%	-8.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.41%	22.09%	-1.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.54%	22.09%	+6.45%

MLPS.L vs. EYED.L - Expense Ratio Comparison

MLPS.L has a 0.50% expense ratio, which is higher than EYED.L's 0.18% expense ratio.

Dividends

MLPS.L vs. EYED.L - Dividend Comparison

MLPS.L has not paid dividends to shareholders, while EYED.L's dividend yield for the trailing twelve months is around 3.83%.

Position	TTM	2025	2024	2023
EYED.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist)	3.83%	5.09%	5.79%	5.09%
MLPS.L Invesco Morningstar US Energy Infrastructure MLP UCITS ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MLPS.L and EYED.L in my portfolio?

MLPS.L and EYED.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MLPS.L or EYED.L?

On fees, EYED.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MLPS.L or EYED.L?

EYED.L is cheaper with a 0.18% expense ratio, compared with 0.50% for MLPS.L.

What is the main difference between MLPS.L and EYED.L?

Both ETFs track MSCI World/Energy NR USD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.50% for MLPS.L and 0.18% for EYED.L.