PWRZ vs. MLPI

Last updated Jul 30, 2026

PWRZ (TrueShares Eagle Global Next Gen Power Infrastructure ETF) and MLPI (NEOS MLP & Energy Infrastructure High Income ETF) are both Infrastructure Equities funds. Both are actively managed. Their 0.44 correlation means their historical movements had little consistent relationship. PWRZ charges 0.75%/yr vs 0.68%/yr for MLPI.

Performance

PWRZ vs. MLPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Eagle Global Next Gen Power Infrastructure ETF (PWRZ) and NEOS MLP & Energy Infrastructure High Income ETF (MLPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PWRZ

• 1D: -0.89%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

MLPI

• 1D: 0.32%
• 1M: -1.57%
• 6M: 11.38%
• YTD: 17.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MLPI NEOS MLP & Energy Infrastructure High Income ETF	$23.64M	$21.43M	$19.36M
PWRZ TrueShares Eagle Global Next Gen Power Infrastructure ETF	$5.57K	$7.64K	$7.64K

PWRZ vs. MLPI - Yearly Performance Comparison

	2026 (YTD)
PWRZ TrueShares Eagle Global Next Gen Power Infrastructure ETF	-2.28%
MLPI NEOS MLP & Energy Infrastructure High Income ETF	-2.16%

Correlation

The correlation between PWRZ and MLPI is 0.44, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 10, 2026	0.44

Return for Risk

PWRZ vs. MLPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Eagle Global Next Gen Power Infrastructure ETF (PWRZ) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

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

Drawdowns

PWRZ vs. MLPI - Drawdown Comparison

The maximum PWRZ drawdown since its inception was -3.62%, smaller than the maximum MLPI drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for PWRZ and MLPI.

Drawdown Indicators

	PWRZ	MLPI	Difference
Max Drawdown Largest peak-to-trough decline	-3.62%	-5.38%	+1.76%
Current Drawdown Current decline from peak	-3.62%	-4.16%	+0.54%
Average Drawdown Average peak-to-trough decline	-1.03%	-1.61%	+0.58%

Volatility

Volatility by Period

	PWRZ	MLPI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.99%	13.36%	-1.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.99%	13.36%	-1.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.99%	13.36%	-1.37%

PWRZ vs. MLPI - Expense Ratio Comparison

PWRZ has a 0.75% expense ratio, which is higher than MLPI's 0.68% expense ratio.

Dividends

PWRZ vs. MLPI - Dividend Comparison

PWRZ has not paid dividends to shareholders, while MLPI's dividend yield for the trailing twelve months is around 8.70%.

Position	TTM
MLPI NEOS MLP & Energy Infrastructure High Income ETF	8.70%
PWRZ TrueShares Eagle Global Next Gen Power Infrastructure ETF	0.00%

Frequently Asked Questions

Can I hold both PWRZ and MLPI in my portfolio?

PWRZ and MLPI have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PWRZ or MLPI?

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.

Which ETF is cheaper, PWRZ or MLPI?

MLPI is cheaper with a 0.68% expense ratio, compared with 0.75% for PWRZ.

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

MLPI has the higher dividend yield at 8.70%, compared with 0.00% for PWRZ.

What is the main difference between PWRZ and MLPI?

They also come from different issuers: TrueShares and NEOS. Their fees differ too: 0.75% for PWRZ and 0.68% for MLPI.