MLPZX vs. SCHD
Compare and contrast key facts about Invesco SteelPath MLP Income Fund (MLPZX) and Schwab U.S. Dividend Equity ETF (SCHD).
MLPZX is managed by Invesco. It was launched on Mar 30, 2010. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.
Performance
MLPZX vs. SCHD - Performance Comparison
Loading graphics...
MLPZX vs. SCHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLPZX Invesco SteelPath MLP Income Fund | 17.18% | 7.88% | 24.54% | 20.71% | 25.10% | 44.98% | -25.49% | 14.50% | -12.92% | -8.42% |
SCHD Schwab U.S. Dividend Equity ETF | 12.79% | 4.34% | 11.66% | 4.54% | -3.26% | 29.87% | 15.03% | 27.29% | -5.56% | 20.85% |
Returns By Period
In the year-to-date period, MLPZX achieves a 17.18% return, which is significantly higher than SCHD's 12.79% return. Both investments have delivered pretty close results over the past 10 years, with MLPZX having a 12.32% annualized return and SCHD not far behind at 12.31%.
MLPZX
- 1D
- -0.66%
- 1M
- 2.29%
- YTD
- 17.18%
- 6M
- 20.40%
- 1Y
- 16.12%
- 3Y*
- 22.48%
- 5Y*
- 23.06%
- 10Y*
- 12.32%
SCHD
- 1D
- 0.66%
- 1M
- -2.61%
- YTD
- 12.79%
- 6M
- 14.49%
- 1Y
- 13.97%
- 3Y*
- 12.05%
- 5Y*
- 8.44%
- 10Y*
- 12.31%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MLPZX vs. SCHD - Expense Ratio Comparison
MLPZX has a 1.10% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Return for Risk
MLPZX vs. SCHD — Risk / Return Rank
MLPZX
SCHD
MLPZX vs. SCHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco SteelPath MLP Income Fund (MLPZX) and Schwab U.S. Dividend Equity ETF (SCHD). 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.
| MLPZX | SCHD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 0.89 | +0.09 |
Sortino ratioReturn per unit of downside risk | 1.33 | 1.35 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.19 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.08 | 1.19 | -0.11 |
Martin ratioReturn relative to average drawdown | 3.27 | 3.99 | -0.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| MLPZX | SCHD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 0.89 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.33 | 0.59 | +0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.74 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.84 | -0.52 |
Correlation
The correlation between MLPZX and SCHD 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
MLPZX vs. SCHD - Dividend Comparison
MLPZX's dividend yield for the trailing twelve months is around 6.06%, more than SCHD's 3.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPZX Invesco SteelPath MLP Income Fund | 6.06% | 6.87% | 5.92% | 7.19% | 7.98% | 9.19% | 16.57% | 13.12% | 13.27% | 10.70% | 9.79% | 10.93% |
SCHD Schwab U.S. Dividend Equity ETF | 3.44% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
Drawdowns
MLPZX vs. SCHD - Drawdown Comparison
The maximum MLPZX drawdown since its inception was -77.56%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for MLPZX and SCHD.
Loading graphics...
Drawdown Indicators
| MLPZX | SCHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.56% | -33.37% | -44.19% |
Max Drawdown (1Y)Largest decline over 1 year | -14.46% | -12.74% | -1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -17.90% | -16.85% | -1.05% |
Max Drawdown (10Y)Largest decline over 10 years | -73.62% | -33.37% | -40.25% |
Current DrawdownCurrent decline from peak | -1.32% | -2.89% | +1.57% |
Average DrawdownAverage peak-to-trough decline | -13.65% | -3.34% | -10.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.78% | 3.89% | +0.89% |
Volatility
MLPZX vs. SCHD - Volatility Comparison
Invesco SteelPath MLP Income Fund (MLPZX) has a higher volatility of 3.28% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.40%. This indicates that MLPZX's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| MLPZX | SCHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 2.40% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 7.96% | 7.96% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.05% | 15.74% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.45% | 14.40% | +3.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.03% | 16.70% | +9.33% |