NIHI vs. MLPI

Last updated Jun 5, 2026

NIHI (NEOS MSCI EAFE High Income ETF) and MLPI (Neos MLP & Energy Infrastructure High Income ETF) are both exchange-traded funds - NIHI is a Derivative Income fund actively managed by Neos, while MLPI is a Energy Equities fund actively managed by Neos. Both are actively managed. At a correlation of -0.10, they often move in opposite directions. Both charge a 0.68% expense ratio.

Performance

NIHI vs. MLPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS MSCI EAFE High Income ETF (NIHI) and Neos MLP & Energy Infrastructure High Income ETF (MLPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NIHI achieves a 6.43% return, which is significantly lower than MLPI's 18.70% return.

NIHI

• 1D: 0.56%
• 1M: 2.77%
• YTD: 6.43%
• 6M: 8.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MLPI

• 1D: 0.96%
• 1M: -1.95%
• YTD: 18.70%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NIHI vs. MLPI - Yearly Performance Comparison

	2026 (YTD)	2025
NIHI NEOS MSCI EAFE High Income ETF	6.43%	1.27%
MLPI Neos MLP & Energy Infrastructure High Income ETF	18.70%	0.56%

Correlation

The correlation between NIHI and MLPI is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 19, 2025	-0.10

Return for Risk

NIHI vs. MLPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS MSCI EAFE High Income ETF (NIHI) and Neos MLP & Energy Infrastructure High Income ETF (MLPI). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	NIHI	MLPI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.16	3.69	-2.53

Drawdowns

NIHI vs. MLPI - Drawdown Comparison

The maximum NIHI drawdown since its inception was -10.88%, which is greater than MLPI's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for NIHI and MLPI.

Drawdown Indicators

	NIHI	MLPI	Difference
Max Drawdown Largest peak-to-trough decline	-10.88%	-5.38%	-5.50%
Current Drawdown Current decline from peak	-0.59%	-2.92%	+2.33%
Average Drawdown Average peak-to-trough decline	-2.37%	-1.28%	-1.09%

Volatility

Volatility by Period

	NIHI	MLPI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	15.08%	13.05%	+2.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.08%	13.05%	+2.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.08%	13.05%	+2.03%

NIHI vs. MLPI - Expense Ratio Comparison

Both NIHI and MLPI have an expense ratio of 0.68%.

Dividends

NIHI vs. MLPI - Dividend Comparison

NIHI's dividend yield for the trailing twelve months is around 7.79%, more than MLPI's 5.99% yield.

Position	TTM	2025
MLPI Neos MLP & Energy Infrastructure High Income ETF	5.99%	0.00%
NIHI NEOS MSCI EAFE High Income ETF	7.79%	3.44%

Frequently Asked Questions

Can I hold both NIHI and MLPI in my portfolio?

NIHI and MLPI have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NIHI or MLPI?

Both ETFs have the same 0.68% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NIHI or MLPI?

NIHI and MLPI have the same expense ratio: 0.68% per year.

Which ETF pays a higher dividend yield, NIHI or MLPI?

NIHI has the higher dividend yield at 7.79%, compared with 5.99% for MLPI.

What is the main difference between NIHI and MLPI?

NIHI is categorized as Derivative Income, while MLPI is Energy Equities.