USNG vs. MLPI

Last updated Apr 2, 2026

Compare and contrast key facts about Amplify Samsung U.S. Natural Gas Infrastructure ETF (USNG) and Neos MLP & Energy Infrastructure High Income ETF (MLPI).

USNG and MLPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USNG is an actively managed fund by Amplify. It was launched on May 19, 2025. MLPI is an actively managed fund by Neos. It was launched on Dec 17, 2025.

Performance

USNG vs. MLPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Samsung U.S. Natural Gas Infrastructure ETF (USNG) and Neos MLP & Energy Infrastructure High Income ETF (MLPI). The values are adjusted to include any dividend payments, if applicable.

USNG vs. MLPI - Yearly Performance Comparison

	2026 (YTD)	2025
USNG Amplify Samsung U.S. Natural Gas Infrastructure ETF	19.70%	2.60%
MLPI Neos MLP & Energy Infrastructure High Income ETF	15.32%	0.56%

Returns By Period

In the year-to-date period, USNG achieves a 19.70% return, which is significantly higher than MLPI's 15.32% return.

USNG

• 1D: -1.37%
• 1M: -1.05%
• YTD: 19.70%
• 6M: 17.55%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MLPI

• 1D: -1.66%
• 1M: -0.34%
• YTD: 15.32%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

USNG vs. MLPI - Expense Ratio Comparison

USNG has a 0.59% expense ratio, which is lower than MLPI's 0.68% expense ratio.

MLPI

Neos MLP & Energy Infrastructure High Income ETF

USNG

Amplify Samsung U.S. Natural Gas Infrastructure ETF

Return for Risk

USNG vs. MLPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Samsung U.S. Natural Gas Infrastructure ETF (USNG) 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.

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

Sharpe Ratios by Period

	USNG	MLPI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.41	6.11	-3.70

Correlation

The correlation between USNG and MLPI is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

USNG vs. MLPI - Dividend Comparison

USNG's dividend yield for the trailing twelve months is around 1.24%, less than MLPI's 3.55% yield.

	TTM	2025
USNG Amplify Samsung U.S. Natural Gas Infrastructure ETF	1.24%	1.10%
MLPI Neos MLP & Energy Infrastructure High Income ETF	3.55%	0.00%

Drawdowns

USNG vs. MLPI - Drawdown Comparison

The maximum USNG drawdown since its inception was -6.82%, which is greater than MLPI's maximum drawdown of -2.83%. Use the drawdown chart below to compare losses from any high point for USNG and MLPI.

Drawdown Indicators

	USNG	MLPI	Difference
Max Drawdown Largest peak-to-trough decline	-6.82%	-2.83%	-3.99%
Current Drawdown Current decline from peak	-4.02%	-2.83%	-1.19%
Average Drawdown Average peak-to-trough decline	-1.38%	-0.63%	-0.75%

Volatility

Volatility by Period

	USNG	MLPI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.17%	11.61%	+4.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.17%	11.61%	+4.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.17%	11.61%	+4.56%