RMLPX vs. SOAEX

Last updated Jun 4, 2026

RMLPX (Recurrent MLP & Infrastructure Fund) and SOAEX (Spirit of America Energy Fund) are both Energy Equities funds. Over the past 5 years, RMLPX returned 24.50%/yr vs 18.76%/yr for SOAEX. With a 0.96 correlation, they move nearly in lockstep. RMLPX charges 1.25%/yr vs 1.50%/yr for SOAEX.

Performance

RMLPX vs. SOAEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Recurrent MLP & Infrastructure Fund (RMLPX) and Spirit of America Energy Fund (SOAEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RMLPX achieves a 32.69% return, which is significantly higher than SOAEX's 26.90% return.

RMLPX

• 1D: 1.73%
• 1M: -2.08%
• YTD: 32.69%
• 6M: 29.61%
• 1Y: 41.17%
• 3Y*: 29.75%
• 5Y*: 24.50%
• 10Y*: —

SOAEX

• 1D: 1.65%
• 1M: -2.36%
• YTD: 26.90%
• 6M: 22.69%
• 1Y: 31.91%
• 3Y*: 22.64%
• 5Y*: 18.76%
• 10Y*: 19.61%

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

RMLPX vs. SOAEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
RMLPX Recurrent MLP & Infrastructure Fund	32.69%	8.98%	30.03%	16.79%	35.03%	42.56%	-28.37%	15.33%	-15.93%
SOAEX Spirit of America Energy Fund	26.90%	6.05%	19.30%	13.10%	30.26%	34.19%	-34.52%	11.49%	143.79%

Correlation

The correlation between RMLPX and SOAEX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jan 3, 2018	0.96

The correlation between RMLPX and SOAEX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

Return for Risk

RMLPX vs. SOAEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RMLPX

RMLPX Risk / Return Rank: 78
RMLPX Sharpe Ratio Rank: 82
RMLPX Sortino Ratio Rank: 69
RMLPX Omega Ratio Rank: 63
RMLPX Calmar Ratio Rank: 94
RMLPX Martin Ratio Rank: 83

SOAEX

SOAEX Risk / Return Rank: 58
SOAEX Sharpe Ratio Rank: 53
SOAEX Sortino Ratio Rank: 46
SOAEX Omega Ratio Rank: 43
SOAEX Calmar Ratio Rank: 86
SOAEX Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RMLPX vs. SOAEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Recurrent MLP & Infrastructure Fund (RMLPX) and Spirit of America Energy Fund (SOAEX). 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.

	RMLPX	SOAEX	Difference
Sharpe ratio: Return per unit of total volatility	2.65	2.14	+0.51
Sortino ratio: Return per unit of downside risk	3.46	2.86	+0.61
Omega ratio: Gain probability vs. loss probability	1.44	1.35	+0.09
Calmar ratio: Return relative to maximum drawdown	5.59	4.19	+1.40
Martin ratio: Return relative to average drawdown	15.82	12.43	+3.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RMLPX vs. SOAEX - Sharpe Ratio Comparison

The current RMLPX Sharpe Ratio is 2.65, which is comparable to the SOAEX Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of RMLPX and SOAEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RMLPX	SOAEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.65	2.14	+0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.15	0.95	+0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.20	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.13	+0.36

Drawdowns

RMLPX vs. SOAEX - Drawdown Comparison

The maximum RMLPX drawdown since its inception was -66.95%, roughly equal to the maximum SOAEX drawdown of -68.03%. Use the drawdown chart below to compare losses from any high point for RMLPX and SOAEX.

Drawdown Indicators

	RMLPX	SOAEX	Difference
Max Drawdown Largest peak-to-trough decline	-66.95%	-68.03%	+1.08%
Max Drawdown (1Y) Largest decline over 1 year	-7.74%	-8.03%	+0.29%
Max Drawdown (3Y) Largest decline over 3 years	-18.75%	-19.30%	+0.55%
Max Drawdown (5Y) Largest decline over 5 years	-22.83%	-20.84%	-1.99%
Max Drawdown (10Y) Largest decline over 10 years	—	-68.03%	—
Current Drawdown Current decline from peak	-4.96%	-3.25%	-1.71%
Average Drawdown Average peak-to-trough decline	-10.25%	-27.16%	+16.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	2.70%	+0.03%

Volatility

RMLPX vs. SOAEX - Volatility Comparison

Recurrent MLP & Infrastructure Fund (RMLPX) has a higher volatility of 6.83% compared to Spirit of America Energy Fund (SOAEX) at 6.05%. This indicates that RMLPX's price experiences larger fluctuations and is considered to be riskier than SOAEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RMLPX	SOAEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.83%	6.05%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	13.18%	12.35%	+0.83%
Volatility (1Y) Calculated over the trailing 1-year period	16.31%	15.75%	+0.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.43%	19.90%	+1.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.05%	100.00%	-71.95%

RMLPX vs. SOAEX - Expense Ratio Comparison

RMLPX has a 1.25% expense ratio, which is lower than SOAEX's 1.50% expense ratio.

Dividends

RMLPX vs. SOAEX - Dividend Comparison

RMLPX's dividend yield for the trailing twelve months is around 4.86%, less than SOAEX's 11.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RMLPX Recurrent MLP & Infrastructure Fund	4.86%	6.38%	7.63%	6.49%	7.08%	8.89%	13.48%	7.25%	5.85%	0.00%	0.00%	0.00%
SOAEX Spirit of America Energy Fund	11.61%	13.91%	26.36%	24.88%	22.14%	23.25%	30.30%	20.73%	15.62%	17.90%	13.40%	14.76%

Frequently Asked Questions

Can I hold both RMLPX and SOAEX in my portfolio?

With a correlation of 0.94, RMLPX and SOAEX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, RMLPX or SOAEX?

RMLPX has higher volatility (6.83%) compared to SOAEX (6.05%). In terms of maximum drawdown, RMLPX dropped -66.95% vs SOAEX's -68.03%.

Which has better risk-adjusted returns?

RMLPX currently has the higher Sharpe Ratio (2.65 vs 2.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.