SPMPX vs. SRV
SPMPX (Invesco SteelPath MLP Alpha Plus Fund Class R5) and SRV (NXG Cushing® Midstream Energy Fund) are both Energy Equities funds. Both are actively managed. Over the past 5 years, SPMPX returned 26.80%/yr vs 26.08%/yr for SRV. A 0.63 correlation means they provide meaningful diversification when combined. SPMPX charges 7.73%/yr vs 1.00%/yr for SRV.
Performance
SPMPX vs. SRV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPMPX achieves a 25.15% return, which is significantly lower than SRV's 31.93% return.
SPMPX
- 1D
- 1.79%
- 1M
- -0.90%
- YTD
- 25.15%
- 6M
- 25.36%
- 1Y
- 26.14%
- 3Y*
- 31.85%
- 5Y*
- 26.80%
- 10Y*
- —
SRV
- 1D
- -0.23%
- 1M
- 1.52%
- YTD
- 31.93%
- 6M
- 33.54%
- 1Y
- 40.02%
- 3Y*
- 28.48%
- 5Y*
- 26.08%
- 10Y*
- 12.11%
SPMPX vs. SRV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPMPX Invesco SteelPath MLP Alpha Plus Fund Class R5 | 25.15% | 4.59% | 47.63% | 25.49% | 38.13% | 56.29% | -45.67% | -10.91% |
SRV NXG Cushing® Midstream Energy Fund | 31.93% | 5.05% | 50.70% | 19.88% | 20.11% | 50.45% | -41.65% | 8.95% |
Correlation
The correlation between SPMPX and SRV is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since May 24, 2019 | 0.63 |
The correlation between SPMPX and SRV shifts across timeframes, from 0.44 (1 year) to 0.63 (all time), 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
SPMPX vs. SRV — Risk / Return Rank
SPMPX
SRV
SPMPX vs. SRV - 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 NXG Cushing® Midstream Energy Fund (SRV). 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 | SRV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | 3.06 | +0.25 |
| Martin ratioReturn relative to average drawdown | 8.34 | 8.69 | -0.35 |
Loading charts...
Drawdowns
SPMPX vs. SRV - Drawdown Comparison
The maximum SPMPX drawdown since its inception was -81.60%, smaller than the maximum SRV drawdown of -92.97%. Use the drawdown chart below to compare losses from any high point for SPMPX and SRV.
Loading charts...
Drawdown Indicators
| SPMPX | SRV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.60% | -92.97% | +11.37% |
Max Drawdown (1Y)Largest decline over 1 year | -8.79% | -13.13% | +4.34% |
Max Drawdown (3Y)Largest decline over 3 years | -19.53% | -26.26% | +6.73% |
Max Drawdown (5Y)Largest decline over 5 years | -27.12% | -26.26% | -0.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -81.70% | — |
Current DrawdownCurrent decline from peak | -5.92% | -7.96% | +2.04% |
Average DrawdownAverage peak-to-trough decline | -16.83% | -48.62% | +31.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 4.62% | -1.14% |
Volatility
SPMPX vs. SRV - Volatility Comparison
The current volatility for Invesco SteelPath MLP Alpha Plus Fund Class R5 (SPMPX) is 6.38%, while NXG Cushing® Midstream Energy Fund (SRV) has a volatility of 7.62%. This indicates that SPMPX experiences smaller price fluctuations and is considered to be less risky than SRV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPMPX | SRV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.38% | 7.62% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 12.55% | 15.83% | -3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.63% | 19.43% | -2.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.97% | 26.45% | -1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.66% | 38.28% | +0.38% |
SPMPX vs. SRV - Expense Ratio Comparison
SPMPX has a 7.73% expense ratio, which is higher than SRV's 1.00% expense ratio.
Dividends
SPMPX vs. SRV - Dividend Comparison
SPMPX's dividend yield for the trailing twelve months is around 4.84%, less than SRV's 15.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMPX Invesco SteelPath MLP Alpha Plus Fund Class R5 | 4.84% | 5.55% | 4.32% | 5.81% | 6.70% | 9.04% | 22.32% | 8.34% | 0.00% | 0.00% | 0.00% | 0.00% |
SRV NXG Cushing® Midstream Energy Fund | 15.66% | 19.31% | 12.85% | 15.56% | 8.85% | 4.72% | 12.05% | 10.59% | 12.73% | 9.07% | 7.95% | 11.01% |
Frequently Asked Questions
SPMPX and SRV have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SRV has higher volatility (7.62%) compared to SPMPX (6.38%). In terms of maximum drawdown, SPMPX dropped -81.60% vs SRV's -92.97%.
SRV currently has the higher Sharpe Ratio (2.07 vs 1.75), 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 SPMPX and SRV
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