WEEI vs. MLPI

Last updated Jun 23, 2026

WEEI (Westwood Salient Enhanced Energy Income ETF) and MLPI (NEOS MLP & Energy Infrastructure High Income ETF) are both exchange-traded funds - WEEI is a Energy Equities fund actively managed by Westwood, while MLPI is a MLPs fund actively managed by NEOS. Both are actively managed. A 0.67 correlation means they provide meaningful diversification when combined. WEEI charges 0.85%/yr vs 0.68%/yr for MLPI.

Performance

WEEI vs. MLPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Westwood Salient Enhanced Energy Income ETF (WEEI) 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, WEEI achieves a 11.84% return, which is significantly lower than MLPI's 18.32% return.

WEEI

• 1D: 1.07%
• 1M: -6.86%
• YTD: 11.84%
• 6M: 13.16%
• 1Y: 19.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MLPI

• 1D: 1.53%
• 1M: -3.23%
• YTD: 18.32%
• 6M: 17.87%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WEEI vs. MLPI - Yearly Performance Comparison

	2026 (YTD)	2025
WEEI Westwood Salient Enhanced Energy Income ETF	11.84%	1.05%
MLPI NEOS MLP & Energy Infrastructure High Income ETF	18.32%	0.36%

Correlation

The correlation between WEEI and MLPI is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025	0.67

Return for Risk

WEEI vs. MLPI — Risk / Return Rank

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

WEEI

WEEI Risk / Return Rank: 39
WEEI Sharpe Ratio Rank: 38
WEEI Sortino Ratio Rank: 34
WEEI Omega Ratio Rank: 35
WEEI Calmar Ratio Rank: 42
WEEI Martin Ratio Rank: 44

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.

WEEI vs. MLPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Westwood Salient Enhanced Energy Income ETF (WEEI) 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.

	WEEI	MLPI	Difference
Sharpe ratio: Return per unit of total volatility	1.33	—	—
Sortino ratio: Return per unit of downside risk	1.77	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	2.02	—	—
Martin ratio: Return relative to average drawdown	7.06	—	—

Drawdowns

WEEI vs. MLPI - Drawdown Comparison

The maximum WEEI drawdown since its inception was -18.78%, which is greater than MLPI's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for WEEI and MLPI.

Drawdown Indicators

	WEEI	MLPI	Difference
Max Drawdown Largest peak-to-trough decline	-18.78%	-5.38%	-13.40%
Max Drawdown (1Y) Largest decline over 1 year	-9.46%	—	—
Current Drawdown Current decline from peak	-8.49%	-3.23%	-5.26%
Average Drawdown Average peak-to-trough decline	-4.19%	-1.49%	-2.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	—	—

Volatility

Volatility by Period

	WEEI	MLPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.68%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.47%	13.04%	+1.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.37%	13.04%	+5.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.37%	13.04%	+5.33%

WEEI vs. MLPI - Expense Ratio Comparison

WEEI has a 0.85% expense ratio, which is higher than MLPI's 0.68% expense ratio.

Dividends

WEEI vs. MLPI - Dividend Comparison

WEEI's dividend yield for the trailing twelve months is around 11.93%, more than MLPI's 7.27% yield.

Position	TTM	2025	2024
MLPI NEOS MLP & Energy Infrastructure High Income ETF	7.27%	0.00%	0.00%
WEEI Westwood Salient Enhanced Energy Income ETF	11.93%	12.59%	7.20%

Frequently Asked Questions

Can I hold both WEEI and MLPI in my portfolio?

WEEI and MLPI have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WEEI 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, WEEI or MLPI?

MLPI is cheaper with a 0.68% expense ratio, compared with 0.85% for WEEI.

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

WEEI has the higher dividend yield at 11.93%, compared with 7.27% for MLPI.

What is the main difference between WEEI and MLPI?

WEEI is categorized as Energy Equities, while MLPI is MLPs. They also come from different issuers: Westwood and NEOS. Their fees differ too: 0.85% for WEEI and 0.68% for MLPI.