SMLPX vs. FSTEX
SMLPX (Salient MLP & Energy Infrastructure Fund) and FSTEX (Invesco Energy Fund) are both Energy Equities funds. Over the past 10 years, SMLPX returned 9.63%/yr vs 6.15%/yr for FSTEX. A 0.77 correlation means they provide meaningful diversification when combined. SMLPX charges 1.35%/yr vs 1.36%/yr for FSTEX.
Performance
SMLPX vs. FSTEX - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with SMLPX having a 20.65% return and FSTEX slightly higher at 21.46%. Over the past 10 years, SMLPX has outperformed FSTEX with an annualized return of 9.63%, while FSTEX has yielded a comparatively lower 6.15% annualized return.
SMLPX
- 1D
- 0.99%
- 1M
- -4.45%
- YTD
- 20.65%
- 6M
- 20.65%
- 1Y
- 24.20%
- 3Y*
- 25.45%
- 5Y*
- 16.88%
- 10Y*
- 9.63%
FSTEX
- 1D
- 1.26%
- 1M
- -9.43%
- YTD
- 21.46%
- 6M
- 22.13%
- 1Y
- 28.84%
- 3Y*
- 16.93%
- 5Y*
- 19.43%
- 10Y*
- 6.15%
SMLPX vs. FSTEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMLPX Salient MLP & Energy Infrastructure Fund | 20.65% | 5.22% | 37.87% | 14.06% | 14.69% | 22.69% | -17.25% | 16.36% | -18.10% | -6.80% |
FSTEX Invesco Energy Fund | 21.46% | 12.31% | 6.00% | 0.28% | 52.85% | 55.99% | -32.13% | 4.78% | -26.82% | -8.26% |
Correlation
The correlation between SMLPX and FSTEX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2012 | 0.77 |
The correlation between SMLPX and FSTEX shifts across timeframes, from 0.62 (1 year) to 0.78 (10 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SMLPX vs. FSTEX — Risk / Return Rank
SMLPX
FSTEX
SMLPX vs. FSTEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Salient MLP & Energy Infrastructure Fund (SMLPX) and Invesco Energy Fund (FSTEX). 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.
| SMLPX | FSTEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.23 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 1.85 | +1.67 |
| Martin ratioReturn relative to average drawdown | 8.39 | 6.90 | +1.49 |
Loading charts...
Drawdowns
SMLPX vs. FSTEX - Drawdown Comparison
The maximum SMLPX drawdown since its inception was -73.06%, smaller than the maximum FSTEX drawdown of -83.31%. Use the drawdown chart below to compare losses from any high point for SMLPX and FSTEX.
Loading charts...
Drawdown Indicators
| SMLPX | FSTEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.06% | -83.31% | +10.25% |
Max Drawdown (1Y)Largest decline over 1 year | -6.57% | -14.09% | +7.52% |
Max Drawdown (3Y)Largest decline over 3 years | -17.59% | -18.58% | +0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -21.32% | -26.88% | +5.56% |
Max Drawdown (10Y)Largest decline over 10 years | -60.49% | -73.41% | +12.92% |
Current DrawdownCurrent decline from peak | -4.52% | -13.01% | +8.49% |
Average DrawdownAverage peak-to-trough decline | -27.05% | -25.18% | -1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 3.81% | -1.06% |
Volatility
SMLPX vs. FSTEX - Volatility Comparison
The current volatility for Salient MLP & Energy Infrastructure Fund (SMLPX) is 4.99%, while Invesco Energy Fund (FSTEX) has a volatility of 7.02%. This indicates that SMLPX experiences smaller price fluctuations and is considered to be less risky than FSTEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SMLPX | FSTEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.99% | 7.02% | -2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.65% | 16.03% | -5.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.07% | 19.64% | -5.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.93% | 25.14% | -5.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.14% | 29.71% | -5.57% |
SMLPX vs. FSTEX - Expense Ratio Comparison
SMLPX has a 1.35% expense ratio, which is lower than FSTEX's 1.36% expense ratio.
Dividends
SMLPX vs. FSTEX - Dividend Comparison
SMLPX's dividend yield for the trailing twelve months is around 3.76%, more than FSTEX's 1.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSTEX Invesco Energy Fund | 1.83% | 2.22% | 4.03% | 2.11% | 0.89% | 1.80% | 2.21% | 1.53% | 3.05% | 2.22% | 1.10% | 1.58% |
SMLPX Salient MLP & Energy Infrastructure Fund | 3.76% | 4.45% | 4.48% | 5.75% | 2.19% | 3.69% | 5.82% | 4.54% | 6.21% | 6.09% | 6.31% | 8.63% |
Frequently Asked Questions
SMLPX and FSTEX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSTEX has higher volatility (7.02%) compared to SMLPX (4.99%). In terms of maximum drawdown, SMLPX dropped -73.06% vs FSTEX's -83.31%.
SMLPX currently has the higher Sharpe Ratio (1.65 vs 1.33), 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.
Find the right allocation for SMLPX and FSTEX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer