TINT vs. MLPI

Last updated Jul 14, 2026

TINT (ProShares Smart Materials ETF) and MLPI (NEOS MLP & Energy Infrastructure High Income ETF) are both exchange-traded funds - TINT is a Energy Equities fund tracking the Solactive Smart Materials Index - Benchmark TR Net, while MLPI is a MLPs fund actively managed by NEOS. TINT is passively managed, while MLPI is actively managed. At a correlation of -0.10, they often move in opposite directions. TINT charges 0.58%/yr vs 0.68%/yr for MLPI.

Performance

TINT vs. MLPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Smart Materials ETF (TINT) 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, TINT achieves a 15.25% return, which is significantly lower than MLPI's 20.53% return.

TINT

• 1D: -1.25%
• 1M: -8.31%
• 6M: 9.28%
• YTD: 15.25%
• 1Y: 22.79%
• 3Y*: 5.30%
• 5Y*: —
• 10Y*: —

MLPI

• 1D: 1.17%
• 1M: 1.14%
• 6M: 21.89%
• YTD: 20.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TINT vs. MLPI - Yearly Performance Comparison

	2026 (YTD)	2025
TINT ProShares Smart Materials ETF	15.25%	1.50%
MLPI NEOS MLP & Energy Infrastructure High Income ETF	20.53%	0.36%

Correlation

The correlation between TINT and MLPI is -0.10, 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 18, 2025	-0.10

Return for Risk

TINT vs. MLPI — Risk / Return Rank

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

TINT

TINT Risk / Return Rank: 33
TINT Sharpe Ratio Rank: 32
TINT Sortino Ratio Rank: 32
TINT Omega Ratio Rank: 32
TINT Calmar Ratio Rank: 32
TINT Martin Ratio Rank: 36

MLPI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

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.

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.

	TINT	MLPI	Difference
Sharpe ratio: Return per unit of total volatility	0.93	—	—
Sortino ratio: Return per unit of downside risk	1.44	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.31	—	—
Martin ratio: Return relative to average drawdown	4.38	—	—

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.

Drawdown Indicators

	TINT	MLPI	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-9.83%	-1.42%	-8.41%
Average Drawdown Average peak-to-trough decline	-20.78%	-1.59%	-19.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.22%	—	—

Volatility

Volatility by Period

	TINT	MLPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.63%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.53%	13.34%	+11.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.52%	13.34%	+10.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.52%	13.34%	+10.18%

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 1.19%, less than MLPI's 7.14% yield.

Position	TTM	2025	2024	2023	2022
MLPI NEOS MLP & Energy Infrastructure High Income ETF	7.14%	0.00%	0.00%	0.00%	0.00%
TINT ProShares Smart Materials ETF	1.19%	1.27%	1.47%	0.99%	1.36%

Frequently Asked Questions

Can I hold both TINT and MLPI in my portfolio?

TINT and MLPI have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TINT or MLPI?

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.

Which ETF is cheaper, TINT or MLPI?

TINT is cheaper with a 0.58% expense ratio, compared with 0.68% for MLPI.

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

MLPI has the higher dividend yield at 7.14%, compared with 1.19% for TINT.

What is the main difference between TINT and MLPI?

TINT is categorized as Energy Equities, while MLPI is MLPs. They also come from different issuers: ProShares and NEOS. Their fees differ too: 0.58% for TINT and 0.68% for MLPI.