TINT vs. MLPI
TINT (ProShares Smart Materials ETF) and MLPI (Neos MLP & Energy Infrastructure High Income ETF) are both Energy Equities funds. TINT is passively managed, while MLPI is actively managed. At a correlation of -0.07, they often move in opposite directions. TINT charges 0.58%/yr vs 0.68%/yr for MLPI.
Performance
TINT vs. MLPI - Performance Comparison
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Returns By Period
In the year-to-date period, TINT achieves a 25.24% return, which is significantly higher than MLPI's 17.58% return.
TINT
- 1D
- -2.01%
- 1M
- 9.06%
- YTD
- 25.24%
- 6M
- 25.40%
- 1Y
- 44.33%
- 3Y*
- 10.12%
- 5Y*
- —
- 10Y*
- —
MLPI
- 1D
- 0.04%
- 1M
- -3.13%
- YTD
- 17.58%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TINT vs. MLPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TINT ProShares Smart Materials ETF | 25.24% | 1.03% |
MLPI Neos MLP & Energy Infrastructure High Income ETF | 17.58% | 0.56% |
Correlation
The correlation between TINT and MLPI is -0.07, 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 | -0.07 |
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Return for Risk
TINT vs. MLPI — Risk / Return Rank
TINT
MLPI
TINT vs. MLPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Smart Materials ETF (TINT) 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.
| TINT | MLPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | — | — |
| Martin ratioReturn relative to average drawdown | 9.21 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TINT | MLPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 3.49 | -3.39 |
Drawdowns
TINT vs. MLPI - Drawdown Comparison
The maximum TINT drawdown since its inception was -41.36%, which is greater than MLPI's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for TINT and MLPI.
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Drawdown Indicators
| TINT | MLPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.36% | -5.38% | -35.98% |
Max Drawdown (1Y)Largest decline over 1 year | -17.53% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -30.42% | — | — |
Current DrawdownCurrent decline from peak | -2.01% | -3.84% | +1.83% |
Average DrawdownAverage peak-to-trough decline | -21.14% | -1.27% | -19.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.83% | — | — |
Volatility
TINT vs. MLPI - Volatility Comparison
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Volatility by Period
| TINT | MLPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.66% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 19.90% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.75% | 13.05% | +10.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.46% | 13.05% | +10.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.46% | 13.05% | +10.41% |
TINT vs. MLPI - Expense Ratio Comparison
TINT has a 0.58% expense ratio, which is lower than MLPI's 0.68% expense ratio.
Dividends
TINT vs. MLPI - Dividend Comparison
TINT's dividend yield for the trailing twelve months is around 0.98%, less than MLPI's 6.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
MLPI Neos MLP & Energy Infrastructure High Income ETF | 6.04% | 0.00% | 0.00% | 0.00% | 0.00% |
TINT ProShares Smart Materials ETF | 0.98% | 1.27% | 1.47% | 0.99% | 1.36% |
Frequently Asked Questions
TINT and MLPI have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TINT is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TINT is cheaper with a 0.58% expense ratio, compared with 0.68% for MLPI.
MLPI has the higher dividend yield at 6.04%, compared with 0.98% for TINT.
They also come from different issuers: ProShares and Neos. Their fees differ too: 0.58% for TINT and 0.68% for MLPI.
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