VOLT vs. MLPI

Last updated Aug 2, 2026

VOLT (Tema Electrification ETF) and MLPI (NEOS MLP & Energy Infrastructure High Income ETF) are both exchange-traded funds - VOLT is a Global Equities fund actively managed by Tema, while MLPI is a Infrastructure Equities fund actively managed by Neos. Both are actively managed. Their 0.09 correlation means their historical movements had little consistent relationship. VOLT charges 0.75%/yr vs 0.68%/yr for MLPI.

Performance

VOLT vs. MLPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema Electrification ETF (VOLT) 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, VOLT achieves a 28.30% return, which is significantly higher than MLPI's 18.15% return.

VOLT

• 1D: 1.62%
• 1M: -5.26%
• 6M: 15.18%
• YTD: 28.30%
• 1Y: 38.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.26%

MLPI

• 1D: -0.07%
• 1M: -0.05%
• 6M: 11.52%
• YTD: 18.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MLPI NEOS MLP & Energy Infrastructure High Income ETF	$23.44M	$21.53M	$19.40M
VOLT Tema Electrification ETF	$11.21M	$11.77M	$15.67M

VOLT vs. MLPI - Yearly Performance Comparison

	2026 (YTD)	2025
VOLT Tema Electrification ETF	28.30%	2.14%
MLPI NEOS MLP & Energy Infrastructure High Income ETF	18.15%	0.36%

Correlation

The correlation between VOLT and MLPI is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025	0.09

Return for Risk

VOLT vs. MLPI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VOLT

VOLT Risk / Return Rank: 63
VOLT Sharpe Ratio Rank: 66
VOLT Sortino Ratio Rank: 61
VOLT Omega Ratio Rank: 61
VOLT Calmar Ratio Rank: 61
VOLT Martin Ratio Rank: 67

MLPI

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VOLT vs. MLPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Electrification ETF (VOLT) 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.

	VOLT	MLPI	Difference
Sharpe ratio: Return per unit of total volatility	1.50	—	—
Sortino ratio: Return per unit of downside risk	2.04	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	2.14	—	—
Martin ratio: Return relative to average drawdown	8.15	—	—

Drawdowns

VOLT vs. MLPI - Drawdown Comparison

The maximum VOLT drawdown since its inception was -23.40%, which is greater than MLPI's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for VOLT and MLPI.

Drawdown Indicators

	VOLT	MLPI	Difference
Max Drawdown Largest peak-to-trough decline	-23.40%	-5.38%	-18.02%
Max Drawdown (1Y) Largest decline over 1 year	-17.22%	—	—
Current Drawdown Current decline from peak	-11.75%	-3.36%	-8.39%
Average Drawdown Average peak-to-trough decline	-5.34%	-1.63%	-3.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.50%	—	—

Volatility

Volatility by Period

	VOLT	MLPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.95%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.11%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.43%	13.31%	+11.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.46%	13.31%	+12.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.46%	13.31%	+12.15%

VOLT vs. MLPI - Expense Ratio Comparison

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

Dividends

VOLT vs. MLPI - Dividend Comparison

VOLT's dividend yield for the trailing twelve months is around 0.36%, less than MLPI's 8.63% yield.

Position	TTM	2025	2024
MLPI NEOS MLP & Energy Infrastructure High Income ETF	8.63%	0.00%	0.00%
VOLT Tema Electrification ETF	0.36%	0.46%	0.01%

Frequently Asked Questions

Can I hold both VOLT and MLPI in my portfolio?

VOLT and MLPI have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VOLT 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, VOLT or MLPI?

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

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

MLPI has the higher dividend yield at 8.63%, compared with 0.36% for VOLT.

What is the main difference between VOLT and MLPI?

VOLT is categorized as Global Equities, while MLPI is Infrastructure Equities. They also come from different issuers: Tema and Neos. Their fees differ too: 0.75% for VOLT and 0.68% for MLPI.