RSRFX vs. MLOZX

Last updated Aug 1, 2026

RSRFX (Reaves Infrastructure Fund) and MLOZX (Cohen & Steers MLP & Energy Opportunity Fund, Inc.) are both mutual funds - RSRFX is a Infrastructure Equities fund managed by Reaves, while MLOZX is a Energy Equities fund managed by Cohen & Steers. Their 0.57 correlation means they have sometimes moved together and sometimes differently. RSRFX charges 1.10%/yr vs 0.90%/yr for MLOZX.

Performance

RSRFX vs. MLOZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Reaves Infrastructure Fund (RSRFX) and Cohen & Steers MLP & Energy Opportunity Fund, Inc. (MLOZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RSRFX

• 1D: 2.27%
• 1M: -4.64%
• 6M: 8.11%
• YTD: 13.11%
• 1Y: 3.01%
• 3Y*: 12.39%
• 5Y*: 4.71%
• 10Y*: 5.99%
• ALL TIME*: 6.85%

MLOZX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 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)
RSRFX Reaves Infrastructure Fund	$0.00	$0.00	$0.00

RSRFX vs. MLOZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RSRFX Reaves Infrastructure Fund	13.11%	3.73%	20.64%	1.77%	-16.84%	14.56%	1.83%	31.48%	-7.19%	5.09%
MLOZX Cohen & Steers MLP & Energy Opportunity Fund, Inc.	32.43%	17.35%	12.16%	10.49%	21.10%	39.09%	-26.70%	12.62%	-13.43%	0.33%

Correlation

The correlation between RSRFX and MLOZX is 0.42, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.42
Correlation (3Y) Balances recent behavior with more history.	0.54
Correlation (5Y) Shows whether the relationship held over a longer period.	0.54
Correlation (10Y) Provides a long-term view across more market conditions.	0.53
Correlation (All Time) Calculated using the full available price history since Dec 23, 2013	0.57

The correlation between RSRFX and MLOZX shifts across timeframes, from 0.42 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RSRFX vs. MLOZX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RSRFX

RSRFX Risk / Return Rank: 6
RSRFX Sharpe Ratio Rank: 5
RSRFX Sortino Ratio Rank: 6
RSRFX Omega Ratio Rank: 6
RSRFX Calmar Ratio Rank: 5
RSRFX Martin Ratio Rank: 5

MLOZX

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RSRFX vs. MLOZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Reaves Infrastructure Fund (RSRFX) and Cohen & Steers MLP & Energy Opportunity Fund, Inc. (MLOZX). 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.

	RSRFX	MLOZX	Difference
Sharpe ratio: Return per unit of total volatility	0.12	—	—
Sortino ratio: Return per unit of downside risk	0.29	—	—
Omega ratio: Gain probability vs. loss probability	1.04	—	—
Calmar ratio: Return relative to maximum drawdown	0.14	—	—
Martin ratio: Return relative to average drawdown	0.36	—	—

Drawdowns

Drawdown Indicators

	RSRFX	MLOZX	Difference
Max Drawdown Largest peak-to-trough decline	-55.96%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-18.72%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.72%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.35%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.32%	—	—
Current Drawdown Current decline from peak	-9.85%	—	—
Average Drawdown Average peak-to-trough decline	-10.06%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	7.12%	—	—

Volatility

Volatility by Period

	RSRFX	MLOZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.42%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.45%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.69%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.80%	—	—

RSRFX vs. MLOZX - Expense Ratio Comparison

RSRFX has a 1.10% expense ratio, which is higher than MLOZX's 0.90% expense ratio.

Dividends

RSRFX vs. MLOZX - Dividend Comparison

RSRFX's dividend yield for the trailing twelve months is around 0.46%, less than MLOZX's 1.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MLOZX Cohen & Steers MLP & Energy Opportunity Fund, Inc.	1.45%	1.71%	10.24%	4.61%	3.66%	3.08%	6.57%	6.21%	4.44%	3.86%	3.72%	6.05%
RSRFX Reaves Infrastructure Fund	0.46%	0.66%	1.50%	3.03%	12.44%	5.16%	0.56%	7.44%	10.43%	1.08%	19.57%	2.65%

Frequently Asked Questions

Can I hold both RSRFX and MLOZX in my portfolio?

RSRFX and MLOZX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.