TDVI vs. MLPI

Last updated Jun 4, 2026

TDVI (FT Vest Technology Dividend Target Income ETF) and MLPI (Neos MLP & Energy Infrastructure High Income ETF) are both exchange-traded funds - TDVI is a Derivative Income fund actively managed by First Trust, while MLPI is a Energy Equities fund actively managed by Neos. Both are actively managed. At a correlation of -0.08, they often move in opposite directions. TDVI charges 0.75%/yr vs 0.68%/yr for MLPI.

Performance

TDVI vs. MLPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Technology Dividend Target Income ETF (TDVI) 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, TDVI achieves a 30.16% return, which is significantly higher than MLPI's 17.58% return.

TDVI

• 1D: -1.77%
• 1M: 15.46%
• YTD: 30.16%
• 6M: 28.30%
• 1Y: 52.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

TDVI vs. MLPI - Yearly Performance Comparison

	2026 (YTD)	2025
TDVI FT Vest Technology Dividend Target Income ETF	30.16%	0.98%
MLPI Neos MLP & Energy Infrastructure High Income ETF	17.58%	0.56%

Correlation

The correlation between TDVI and MLPI is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 19, 2025	-0.08

Return for Risk

TDVI vs. MLPI — Risk / Return Rank

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

TDVI

TDVI Risk / Return Rank: 86
TDVI Sharpe Ratio Rank: 88
TDVI Sortino Ratio Rank: 86
TDVI Omega Ratio Rank: 84
TDVI Calmar Ratio Rank: 89
TDVI Martin Ratio Rank: 83

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.

TDVI vs. MLPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Technology Dividend Target Income ETF (TDVI) 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.

	TDVI	MLPI	Difference
Sharpe ratio Return per unit of total volatility	3.00	—	—
Sortino ratio Return per unit of downside risk	3.94	—	—
Omega ratio Gain probability vs. loss probability	1.51	—	—
Calmar ratio Return relative to maximum drawdown	5.38	—	—
Martin ratio Return relative to average drawdown	17.05	—	—
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

	TDVI	MLPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.00	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.67	3.49	-1.82

Drawdowns

TDVI vs. MLPI - Drawdown Comparison

The maximum TDVI drawdown since its inception was -22.08%, which is greater than MLPI's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for TDVI and MLPI.

Drawdown Indicators

	TDVI	MLPI	Difference
Max Drawdown Largest peak-to-trough decline	-22.08%	-5.38%	-16.70%
Max Drawdown (1Y) Largest decline over 1 year	-9.83%	—	—
Current Drawdown Current decline from peak	-1.77%	-3.84%	+2.07%
Average Drawdown Average peak-to-trough decline	-2.98%	-1.27%	-1.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.09%	—	—

Volatility

Volatility by Period

	TDVI	MLPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.59%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.26%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.69%	13.05%	+4.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.65%	13.05%	+6.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.65%	13.05%	+6.60%

TDVI vs. MLPI - Expense Ratio Comparison

TDVI has a 0.75% expense ratio, which is higher than MLPI's 0.68% expense ratio.

Dividends

TDVI vs. MLPI - Dividend Comparison

TDVI's dividend yield for the trailing twelve months is around 6.41%, more than MLPI's 6.04% yield.

Position	TTM	2025	2024	2023
MLPI Neos MLP & Energy Infrastructure High Income ETF	6.04%	0.00%	0.00%	0.00%
TDVI FT Vest Technology Dividend Target Income ETF	6.41%	7.53%	7.90%	3.04%

Frequently Asked Questions

Can I hold both TDVI and MLPI in my portfolio?

TDVI and MLPI have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TDVI or MLPI?

On fees, MLPI is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDVI or MLPI?

MLPI is cheaper with a 0.68% expense ratio, compared with 0.75% for TDVI.

Which ETF pays a higher dividend yield, TDVI or MLPI?

TDVI has the higher dividend yield at 6.41%, compared with 6.04% for MLPI.

What is the main difference between TDVI and MLPI?

TDVI is categorized as Derivative Income, while MLPI is Energy Equities. They also come from different issuers: First Trust and Neos. Their fees differ too: 0.75% for TDVI and 0.68% for MLPI.