SPMPX vs. OEPIX
SPMPX (Invesco SteelPath MLP Alpha Plus Fund Class R5) and OEPIX (Oil Equipment & Services UltraSector ProFund) are both Energy Equities funds. Over the past 5 years, SPMPX returned 30.94%/yr vs 18.33%/yr for OEPIX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. SPMPX charges 7.73%/yr vs 1.65%/yr for OEPIX.
Performance
SPMPX vs. OEPIX - Performance Comparison
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Returns By Period
In the year-to-date period, SPMPX achieves a 31.65% return, which is significantly lower than OEPIX's 51.40% 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%
OEPIX
- 1D
- -1.22%
- 1M
- 4.59%
- 6M
- 10.82%
- YTD
- 51.40%
- 1Y
- 113.76%
- 3Y*
- 1.57%
- 5Y*
- 18.33%
- 10Y*
- -11.00%
- ALL TIME*
- -9.06%
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. OEPIX - 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% |
OEPIX Oil Equipment & Services UltraSector ProFund | 51.40% | -1.85% | -15.41% | -3.76% | 88.50% | 14.90% | -67.53% | -5.59% |
Correlation
The correlation between SPMPX and OEPIX is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (All Time) Calculated using the full available price history since May 24, 2019 | 0.70 |
The correlation between SPMPX and OEPIX shifts across timeframes, from 0.50 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPMPX vs. OEPIX — Risk / Return Rank
SPMPX
OEPIX
SPMPX vs. OEPIX - 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 Oil Equipment & Services UltraSector ProFund (OEPIX). 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 | OEPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.36 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | 3.68 | +0.32 |
| Martin ratioReturn relative to average drawdown | 9.62 | 11.43 | -1.81 |
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Drawdowns
SPMPX vs. OEPIX - Drawdown Comparison
The maximum SPMPX drawdown since its inception was -81.60%, smaller than the maximum OEPIX drawdown of -98.94%. Use the drawdown chart below to compare losses from any high point for SPMPX and OEPIX.
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Drawdown Indicators
| SPMPX | OEPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.60% | -98.94% | +17.34% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -31.64% | +23.43% |
Max Drawdown (3Y)Largest decline over 3 years | -19.53% | -65.50% | +45.97% |
Max Drawdown (5Y)Largest decline over 5 years | -27.12% | -65.50% | +38.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -96.69% | — |
Current DrawdownCurrent decline from peak | -1.77% | -92.15% | +90.38% |
Average DrawdownAverage peak-to-trough decline | -16.63% | -71.10% | +54.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 10.18% | -6.57% |
Volatility
SPMPX vs. OEPIX - Volatility Comparison
The current volatility for Invesco SteelPath MLP Alpha Plus Fund Class R5 (SPMPX) is 5.38%, while Oil Equipment & Services UltraSector ProFund (OEPIX) has a volatility of 14.14%. This indicates that SPMPX experiences smaller price fluctuations and is considered to be less risky than OEPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPMPX | OEPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 14.14% | -8.76% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 32.52% | -19.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.64% | 45.62% | -28.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.59% | 56.37% | -31.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.43% | 62.37% | -23.94% |
SPMPX vs. OEPIX - Expense Ratio Comparison
SPMPX has a 7.73% expense ratio, which is higher than OEPIX's 1.65% expense ratio.
Dividends
SPMPX vs. OEPIX - Dividend Comparison
SPMPX's dividend yield for the trailing twelve months is around 4.67%, more than OEPIX's 0.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
OEPIX Oil Equipment & Services UltraSector ProFund | 0.57% | 0.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.16% | 0.00% | 2.56% | 2.36% | 0.05% |
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% |
Frequently Asked Questions
SPMPX and OEPIX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OEPIX has higher volatility (14.14%) compared to SPMPX (5.38%). In terms of maximum drawdown, SPMPX dropped -81.60% vs OEPIX's -98.94%.
OEPIX currently has the higher Sharpe Ratio (2.56 vs 2.01), 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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