PWRZ vs. MLPI

Last updated Jul 10, 2026

PWRZ (TrueShares Eagle Global Next Gen Power Infrastructure ETF) and MLPI (NEOS MLP & Energy Infrastructure High Income ETF) are both exchange-traded funds - PWRZ is a Energy Equities fund actively managed by TrueShares, while MLPI is a MLPs fund actively managed by NEOS. Both are actively managed. 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: 0.00%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MLPI

• 1D: -0.73%
• 1M: 2.13%
• 6M: 20.89%
• YTD: 19.76%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PWRZ vs. MLPI - Yearly Performance Comparison

	2026 (YTD)
PWRZ TrueShares Eagle Global Next Gen Power Infrastructure ETF	0.00%
MLPI NEOS MLP & Energy Infrastructure High Income ETF	-0.73%

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 0.00%, 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	0.00%	-5.38%	+5.38%
Current Drawdown Current decline from peak	0.00%	-2.05%	+2.05%
Average Drawdown Average peak-to-trough decline	0.00%	-1.58%	+1.58%

Volatility

Volatility by Period

	PWRZ	MLPI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	13.33%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	13.33%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	13.33%	—

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 7.18%.

Position	TTM
MLPI NEOS MLP & Energy Infrastructure High Income ETF	7.18%
PWRZ TrueShares Eagle Global Next Gen Power Infrastructure ETF	0.00%

Frequently Asked Questions

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 7.18%, compared with 0.00% for PWRZ.

What is the main difference between PWRZ and MLPI?

PWRZ is categorized as Energy Equities, while MLPI is MLPs. They also come from different issuers: TrueShares and NEOS. Their fees differ too: 0.75% for PWRZ and 0.68% for MLPI.