TSPY vs. MLPI
TSPY (TappAlpha SPY Growth & Daily Income ETF) and MLPI (Neos MLP & Energy Infrastructure High Income ETF) are both exchange-traded funds - TSPY is a Derivative Income fund actively managed by TappAlpha, while MLPI is a Energy Equities fund actively managed by Neos. Both are actively managed. At a correlation of -0.12, they often move in opposite directions. Both charge a 0.68% expense ratio.
Performance
TSPY vs. MLPI - Performance Comparison
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Returns By Period
In the year-to-date period, TSPY achieves a 9.21% return, which is significantly lower than MLPI's 17.58% return.
TSPY
- 1D
- -0.04%
- 1M
- 5.21%
- YTD
- 9.21%
- 6M
- 9.43%
- 1Y
- 27.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MLPI
- 1D
- 0.04%
- 1M
- -3.13%
- YTD
- 17.58%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSPY vs. MLPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSPY TappAlpha SPY Growth & Daily Income ETF | 9.21% | 1.27% |
MLPI Neos MLP & Energy Infrastructure High Income ETF | 17.58% | 0.56% |
Correlation
The correlation between TSPY and MLPI is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 19, 2025 | -0.12 |
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Return for Risk
TSPY vs. MLPI — Risk / Return Rank
TSPY
MLPI
TSPY vs. MLPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TappAlpha SPY Growth & Daily Income ETF (TSPY) 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.
| TSPY | MLPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.44 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | — | — |
| Martin ratioReturn relative to average drawdown | 12.75 | — | — |
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
| TSPY | MLPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 3.49 | -2.31 |
Drawdowns
TSPY vs. MLPI - Drawdown Comparison
The maximum TSPY drawdown since its inception was -18.02%, which is greater than MLPI's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for TSPY and MLPI.
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Drawdown Indicators
| TSPY | MLPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.02% | -5.38% | -12.64% |
Max Drawdown (1Y)Largest decline over 1 year | -9.63% | — | — |
Current DrawdownCurrent decline from peak | -0.13% | -3.84% | +3.71% |
Average DrawdownAverage peak-to-trough decline | -2.53% | -1.27% | -1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | — | — |
Volatility
TSPY vs. MLPI - Volatility Comparison
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Volatility by Period
| TSPY | MLPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.52% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.72% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.68% | 13.05% | -1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 13.05% | +3.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.05% | 13.05% | +3.00% |
TSPY vs. MLPI - Expense Ratio Comparison
Both TSPY and MLPI have an expense ratio of 0.68%.
Dividends
TSPY vs. MLPI - Dividend Comparison
TSPY's dividend yield for the trailing twelve months is around 13.68%, more than MLPI's 6.04% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MLPI Neos MLP & Energy Infrastructure High Income ETF | 6.04% | 0.00% | 0.00% |
TSPY TappAlpha SPY Growth & Daily Income ETF | 13.68% | 13.69% | 3.45% |
Frequently Asked Questions
TSPY and MLPI have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.68% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TSPY and MLPI have the same expense ratio: 0.68% per year.
TSPY has the higher dividend yield at 13.68%, compared with 6.04% for MLPI.
TSPY is categorized as Derivative Income, while MLPI is Energy Equities. They also come from different issuers: TappAlpha and Neos.
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