SPMPX vs. EGLIX
SPMPX (Invesco SteelPath MLP Alpha Plus Fund Class R5) and EGLIX (Eagle Energy Infrastructure Fund) are both Energy Equities funds. Over the past 5 years, SPMPX returned 30.94%/yr vs 26.47%/yr for EGLIX. Their 0.96 correlation means they have historically moved very closely together. SPMPX charges 7.73%/yr vs 1.40%/yr for EGLIX.
Performance
SPMPX vs. EGLIX - Performance Comparison
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Returns By Period
In the year-to-date period, SPMPX achieves a 31.65% return, which is significantly higher than EGLIX's 28.13% return.
SPMPX
- 1D
- -0.77%
- 1M
- 5.05%
- 6M
- 20.14%
- YTD
- 31.65%
- 1Y
- 31.85%
- 3Y*
- 30.40%
- 5Y*
- 30.94%
- 10Y*
- —
- ALL TIME*
- 14.60%
EGLIX
- 1D
- -1.08%
- 1M
- 1.14%
- 6M
- 16.44%
- YTD
- 28.13%
- 1Y
- 27.78%
- 3Y*
- 26.03%
- 5Y*
- 26.47%
- 10Y*
- 11.85%
- ALL TIME*
- 7.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SPMPX vs. EGLIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPMPX Invesco SteelPath MLP Alpha Plus Fund Class R5 | 31.65% | 4.59% | 47.63% | 25.49% | 38.13% | 56.29% | -45.67% | -10.91% |
EGLIX Eagle Energy Infrastructure Fund | 28.13% | 3.00% | 43.07% | 16.07% | 33.19% | 49.17% | -23.58% | -6.99% |
Correlation
The correlation between SPMPX and EGLIX is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (All Time) Calculated using the full available price history since May 24, 2019 | 0.96 |
The correlation between SPMPX and EGLIX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
SPMPX vs. EGLIX — Risk / Return Rank
SPMPX
EGLIX
SPMPX vs. EGLIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco SteelPath MLP Alpha Plus Fund Class R5 (SPMPX) and Eagle Energy Infrastructure Fund (EGLIX). 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.
| SPMPX | EGLIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.33 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | 4.01 | -0.01 |
| Martin ratioReturn relative to average drawdown | 9.62 | 9.22 | +0.40 |
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Drawdowns
SPMPX vs. EGLIX - Drawdown Comparison
The maximum SPMPX drawdown since its inception was -81.60%, roughly equal to the maximum EGLIX drawdown of -78.89%. Use the drawdown chart below to compare losses from any high point for SPMPX and EGLIX.
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Drawdown Indicators
| SPMPX | EGLIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.60% | -78.89% | -2.71% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -7.20% | -1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -19.53% | -17.93% | -1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -27.12% | -22.06% | -5.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -68.86% | — |
Current DrawdownCurrent decline from peak | -1.77% | -4.03% | +2.26% |
Average DrawdownAverage peak-to-trough decline | -16.63% | -27.18% | +10.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 3.13% | +0.48% |
Volatility
SPMPX vs. EGLIX - Volatility Comparison
Invesco SteelPath MLP Alpha Plus Fund Class R5 (SPMPX) has a higher volatility of 5.38% compared to Eagle Energy Infrastructure Fund (EGLIX) at 5.12%. This indicates that SPMPX's price experiences larger fluctuations and is considered to be riskier than EGLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPMPX | EGLIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 5.12% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 11.87% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.64% | 15.06% | +1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.59% | 20.92% | +3.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.43% | 25.85% | +12.58% |
SPMPX vs. EGLIX - Expense Ratio Comparison
SPMPX has a 7.73% expense ratio, which is higher than EGLIX's 1.40% expense ratio.
Dividends
SPMPX vs. EGLIX - Dividend Comparison
SPMPX's dividend yield for the trailing twelve months is around 4.67%, more than EGLIX's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EGLIX Eagle Energy Infrastructure Fund | 4.28% | 3.98% | 4.38% | 5.85% | 5.25% | 5.24% | 10.88% | 8.08% | 8.12% | 7.10% | 6.38% | 8.61% |
SPMPX Invesco SteelPath MLP Alpha Plus Fund Class R5 | 4.67% | 5.55% | 4.32% | 5.81% | 6.70% | 9.04% | 22.32% | 8.34% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, SPMPX and EGLIX 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.
SPMPX has higher volatility (5.38%) compared to EGLIX (5.12%). In terms of maximum drawdown, SPMPX dropped -81.60% vs EGLIX's -78.89%.
SPMPX currently has the higher Sharpe Ratio (2.01 vs 1.92), 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.
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