NVIR vs. MLPI
NVIR (Horizon Kinetics Energy Remediation ETF) and MLPI (Neos MLP & Energy Infrastructure High Income ETF) are both Energy Equities funds. Both are actively managed. A 0.68 correlation means they provide meaningful diversification when combined. NVIR charges 0.85%/yr vs 0.68%/yr for MLPI.
Performance
NVIR vs. MLPI - Performance Comparison
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Returns By Period
In the year-to-date period, NVIR achieves a 22.17% return, which is significantly higher than MLPI's 17.58% return.
NVIR
- 1D
- 0.66%
- 1M
- -1.59%
- YTD
- 22.17%
- 6M
- 19.29%
- 1Y
- 34.67%
- 3Y*
- 19.49%
- 5Y*
- —
- 10Y*
- —
MLPI
- 1D
- 0.04%
- 1M
- -3.13%
- YTD
- 17.58%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVIR vs. MLPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NVIR Horizon Kinetics Energy Remediation ETF | 22.17% | 1.59% |
MLPI Neos MLP & Energy Infrastructure High Income ETF | 17.58% | 0.56% |
Correlation
The correlation between NVIR and MLPI is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 19, 2025 | 0.68 |
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Return for Risk
NVIR vs. MLPI — Risk / Return Rank
NVIR
MLPI
NVIR vs. MLPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Kinetics Energy Remediation ETF (NVIR) 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.
| NVIR | MLPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.37 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.95 | — | — |
| Martin ratioReturn relative to average drawdown | 14.32 | — | — |
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
| NVIR | MLPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 3.49 | -2.58 |
Drawdowns
NVIR vs. MLPI - Drawdown Comparison
The maximum NVIR drawdown since its inception was -22.47%, which is greater than MLPI's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for NVIR and MLPI.
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Drawdown Indicators
| NVIR | MLPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.47% | -5.38% | -17.09% |
Max Drawdown (1Y)Largest decline over 1 year | -7.04% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -22.47% | — | — |
Current DrawdownCurrent decline from peak | -3.08% | -3.84% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -4.58% | -1.27% | -3.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | — | — |
Volatility
NVIR vs. MLPI - Volatility Comparison
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Volatility by Period
| NVIR | MLPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.78% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.26% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.05% | 13.05% | +3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.24% | 13.05% | +6.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.24% | 13.05% | +6.19% |
NVIR vs. MLPI - Expense Ratio Comparison
NVIR has a 0.85% expense ratio, which is higher than MLPI's 0.68% expense ratio.
Dividends
NVIR vs. MLPI - Dividend Comparison
NVIR's dividend yield for the trailing twelve months is around 0.75%, less than MLPI's 6.04% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MLPI Neos MLP & Energy Infrastructure High Income ETF | 6.04% | 0.00% | 0.00% | 0.00% |
NVIR Horizon Kinetics Energy Remediation ETF | 0.75% | 0.92% | 1.50% | 1.34% |
Frequently Asked Questions
NVIR and MLPI have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MLPI is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MLPI is cheaper with a 0.68% expense ratio, compared with 0.85% for NVIR.
MLPI has the higher dividend yield at 6.04%, compared with 0.75% for NVIR.
They also come from different issuers: Horizon and Neos. Their fees differ too: 0.85% for NVIR and 0.68% for MLPI.
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