MLPZX vs. VAFAX
Compare and contrast key facts about Invesco SteelPath MLP Income Fund (MLPZX) and Invesco American Franchise Fund Class A (VAFAX).
MLPZX is managed by Invesco. It was launched on Mar 30, 2010. VAFAX is managed by Invesco. It was launched on Jun 23, 2005.
Performance
MLPZX vs. VAFAX - Performance Comparison
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MLPZX vs. VAFAX - 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% |
VAFAX Invesco American Franchise Fund Class A | -13.54% | 11.86% | 34.78% | 40.91% | -31.20% | 11.13% | 42.15% | 36.55% | -3.99% | 27.11% |
Returns By Period
In the year-to-date period, MLPZX achieves a 17.18% return, which is significantly higher than VAFAX's -13.54% return. Over the past 10 years, MLPZX has underperformed VAFAX with an annualized return of 12.32%, while VAFAX has yielded a comparatively higher 13.49% annualized return.
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%
VAFAX
- 1D
- -1.39%
- 1M
- -9.66%
- YTD
- -13.54%
- 6M
- -15.87%
- 1Y
- 11.01%
- 3Y*
- 17.62%
- 5Y*
- 6.56%
- 10Y*
- 13.49%
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MLPZX vs. VAFAX - Expense Ratio Comparison
MLPZX has a 1.10% expense ratio, which is higher than VAFAX's 0.95% expense ratio.
Return for Risk
MLPZX vs. VAFAX — Risk / Return Rank
MLPZX
VAFAX
MLPZX vs. VAFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco SteelPath MLP Income Fund (MLPZX) and Invesco American Franchise Fund Class A (VAFAX). 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 | VAFAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 0.43 | +0.55 |
Sortino ratioReturn per unit of downside risk | 1.33 | 0.78 | +0.55 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.11 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.08 | 0.33 | +0.75 |
Martin ratioReturn relative to average drawdown | 3.27 | 1.05 | +2.22 |
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
| MLPZX | VAFAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 0.43 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.33 | 0.29 | +1.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.61 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.52 | -0.19 |
Correlation
The correlation between MLPZX and VAFAX is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MLPZX vs. VAFAX - Dividend Comparison
MLPZX's dividend yield for the trailing twelve months is around 6.06%, less than VAFAX's 16.30% 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% |
VAFAX Invesco American Franchise Fund Class A | 16.30% | 14.09% | 3.74% | 0.00% | 8.32% | 26.50% | 8.78% | 6.85% | 10.42% | 5.37% | 4.08% | 4.90% |
Drawdowns
MLPZX vs. VAFAX - Drawdown Comparison
The maximum MLPZX drawdown since its inception was -77.56%, which is greater than VAFAX's maximum drawdown of -48.48%. Use the drawdown chart below to compare losses from any high point for MLPZX and VAFAX.
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Drawdown Indicators
| MLPZX | VAFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.56% | -48.48% | -29.08% |
Max Drawdown (1Y)Largest decline over 1 year | -14.46% | -19.27% | +4.81% |
Max Drawdown (5Y)Largest decline over 5 years | -17.90% | -38.86% | +20.96% |
Max Drawdown (10Y)Largest decline over 10 years | -73.62% | -38.86% | -34.76% |
Current DrawdownCurrent decline from peak | -1.32% | -19.27% | +17.95% |
Average DrawdownAverage peak-to-trough decline | -13.65% | -8.16% | -5.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.78% | 6.12% | -1.34% |
Volatility
MLPZX vs. VAFAX - Volatility Comparison
The current volatility for Invesco SteelPath MLP Income Fund (MLPZX) is 3.28%, while Invesco American Franchise Fund Class A (VAFAX) has a volatility of 6.79%. This indicates that MLPZX experiences smaller price fluctuations and is considered to be less risky than VAFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLPZX | VAFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 6.79% | -3.51% |
Volatility (6M)Calculated over the trailing 6-month period | 7.96% | 15.04% | -7.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.05% | 25.05% | -9.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.45% | 22.96% | -5.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.03% | 22.19% | +3.84% |