SRV vs. MLPI

Last updated Jun 4, 2026

SRV (NXG Cushing® Midstream Energy Fund) and MLPI (Neos MLP & Energy Infrastructure High Income ETF) are both funds - SRV is a Global Equity Income fund actively managed by NXG, while MLPI is a Energy Equities fund actively managed by Neos. Both are actively managed. A 0.56 correlation means they provide meaningful diversification when combined. SRV charges 1.00%/yr vs 0.68%/yr for MLPI.

Performance

SRV vs. MLPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NXG Cushing® Midstream Energy Fund (SRV) and Neos MLP & Energy Infrastructure High Income ETF (MLPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SRV achieves a 31.93% return, which is significantly higher than MLPI's 17.58% return.

SRV

• 1D: 1.22%
• 1M: -1.06%
• YTD: 31.93%
• 6M: 36.31%
• 1Y: 41.64%
• 3Y*: 30.62%
• 5Y*: 26.15%
• 10Y*: 11.93%

MLPI

• 1D: 0.04%
• 1M: -3.13%
• YTD: 17.58%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SRV vs. MLPI - Yearly Performance Comparison

	2026 (YTD)	2025
SRV NXG Cushing® Midstream Energy Fund	31.93%	6.58%
MLPI Neos MLP & Energy Infrastructure High Income ETF	17.58%	0.56%

Correlation

The correlation between SRV and MLPI is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 19, 2025	0.56

Return for Risk

SRV vs. MLPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SRV

SRV Risk / Return Rank: 53
SRV Sharpe Ratio Rank: 57
SRV Sortino Ratio Rank: 46
SRV Omega Ratio Rank: 52
SRV Calmar Ratio Rank: 68
SRV Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SRV vs. MLPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NXG Cushing® Midstream Energy Fund (SRV) and Neos MLP & Energy Infrastructure High Income ETF (MLPI). 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.

	SRV	MLPI	Difference
Sharpe ratio: Return per unit of total volatility	2.24	—	—
Sortino ratio: Return per unit of downside risk	2.83	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	3.19	—	—
Martin ratio: Return relative to average drawdown	9.28	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SRV	MLPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.99	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	3.49	-3.50

Drawdowns

SRV vs. MLPI - Drawdown Comparison

The maximum SRV drawdown since its inception was -92.93%, which is greater than MLPI's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for SRV and MLPI.

Drawdown Indicators

	SRV	MLPI	Difference
Max Drawdown Largest peak-to-trough decline	-92.93%	-5.38%	-87.55%
Max Drawdown (1Y) Largest decline over 1 year	-13.13%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.26%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.26%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-81.70%	—	—
Current Drawdown Current decline from peak	-7.50%	-3.84%	-3.66%
Average Drawdown Average peak-to-trough decline	-48.51%	-1.27%	-47.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.50%	—	—

Volatility

Volatility by Period

	SRV	MLPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.55%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.13%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.82%	13.05%	+5.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.43%	13.05%	+13.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.29%	13.05%	+25.24%

SRV vs. MLPI - Expense Ratio Comparison

SRV has a 1.00% expense ratio, which is higher than MLPI's 0.68% expense ratio.

Dividends

SRV vs. MLPI - Dividend Comparison

SRV's dividend yield for the trailing twelve months is around 15.39%, more than MLPI's 6.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MLPI Neos MLP & Energy Infrastructure High Income ETF	6.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SRV NXG Cushing® Midstream Energy Fund	15.39%	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

Can I hold both SRV and MLPI in my portfolio?

SRV and MLPI have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.