SPMPX vs. VLPIX
SPMPX (Invesco SteelPath MLP Alpha Plus Fund Class R5) and VLPIX (Virtus Duff & Phelps Select MLP and Energy Fund) are both Energy Equities funds. Over the past 5 years, SPMPX returned 30.94%/yr vs 23.69%/yr for VLPIX. Their correlation of 0.94 means they have usually moved in the same direction. SPMPX charges 7.73%/yr vs 1.17%/yr for VLPIX.
Performance
SPMPX vs. VLPIX - 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 VLPIX's 23.62% 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%
VLPIX
- 1D
- -1.24%
- 1M
- 0.32%
- 6M
- 14.45%
- YTD
- 23.62%
- 1Y
- 26.69%
- 3Y*
- 24.35%
- 5Y*
- 23.69%
- 10Y*
- 11.89%
- ALL TIME*
- 10.68%
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. VLPIX - 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% |
VLPIX Virtus Duff & Phelps Select MLP and Energy Fund | 23.62% | 3.49% | 41.45% | 11.99% | 30.81% | 44.75% | -18.60% | -4.40% |
Correlation
The correlation between SPMPX and VLPIX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (All Time) Calculated using the full available price history since May 24, 2019 | 0.94 |
The correlation between SPMPX and VLPIX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
SPMPX vs. VLPIX — Risk / Return Rank
SPMPX
VLPIX
SPMPX vs. VLPIX - 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 Virtus Duff & Phelps Select MLP and Energy Fund (VLPIX). 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 | VLPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.33 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | 4.18 | -0.18 |
| Martin ratioReturn relative to average drawdown | 9.62 | 10.45 | -0.84 |
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Drawdowns
SPMPX vs. VLPIX - Drawdown Comparison
The maximum SPMPX drawdown since its inception was -81.60%, which is greater than VLPIX's maximum drawdown of -64.56%. Use the drawdown chart below to compare losses from any high point for SPMPX and VLPIX.
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Drawdown Indicators
| SPMPX | VLPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.60% | -64.56% | -17.04% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -6.65% | -1.56% |
Max Drawdown (3Y)Largest decline over 3 years | -19.53% | -17.54% | -1.99% |
Max Drawdown (5Y)Largest decline over 5 years | -27.12% | -21.26% | -5.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.56% | — |
Current DrawdownCurrent decline from peak | -1.77% | -4.22% | +2.45% |
Average DrawdownAverage peak-to-trough decline | -16.63% | -10.54% | -6.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 2.66% | +0.95% |
Volatility
SPMPX vs. VLPIX - Volatility Comparison
Invesco SteelPath MLP Alpha Plus Fund Class R5 (SPMPX) and Virtus Duff & Phelps Select MLP and Energy Fund (VLPIX) have volatilities of 5.38% and 5.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPMPX | VLPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 5.25% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 11.62% | +1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.64% | 14.46% | +2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.59% | 19.99% | +4.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.43% | 24.56% | +13.87% |
SPMPX vs. VLPIX - Expense Ratio Comparison
SPMPX has a 7.73% expense ratio, which is higher than VLPIX's 1.17% expense ratio.
Dividends
SPMPX vs. VLPIX - Dividend Comparison
SPMPX's dividend yield for the trailing twelve months is around 4.67%, less than VLPIX's 7.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VLPIX Virtus Duff & Phelps Select MLP and Energy Fund | 7.92% | 9.63% | 2.61% | 3.32% | 3.01% | 3.66% | 5.40% | 4.28% | 4.04% | 2.81% | 2.50% | 0.92% |
Frequently Asked Questions
With a correlation of 0.91, SPMPX and VLPIX 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 VLPIX (5.25%). In terms of maximum drawdown, SPMPX dropped -81.60% vs VLPIX's -64.56%.
SPMPX currently has the higher Sharpe Ratio (2.01 vs 1.93), 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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