XLEI vs. MLPI

Last updated Apr 2, 2026

Compare and contrast key facts about State Street Energy Select Sector SPDR Premium Income ETF (XLEI) and Neos MLP & Energy Infrastructure High Income ETF (MLPI).

XLEI and MLPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLEI is a passively managed fund by State Street that tracks the performance of the S&P Energy Select Sector. It was launched on Jul 29, 2025. MLPI is an actively managed fund by Neos. It was launched on Dec 17, 2025.

Performance

XLEI vs. MLPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Energy Select Sector SPDR Premium Income ETF (XLEI) and Neos MLP & Energy Infrastructure High Income ETF (MLPI). The values are adjusted to include any dividend payments, if applicable.

XLEI vs. MLPI - Yearly Performance Comparison

	2026 (YTD)	2025
XLEI State Street Energy Select Sector SPDR Premium Income ETF	17.92%	2.20%
MLPI Neos MLP & Energy Infrastructure High Income ETF	15.32%	0.56%

Returns By Period

In the year-to-date period, XLEI achieves a 17.92% return, which is significantly higher than MLPI's 15.32% return.

XLEI

• 1D: -2.12%
• 1M: 4.17%
• YTD: 17.92%
• 6M: 22.25%
• 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)

XLEI vs. MLPI - Expense Ratio Comparison

XLEI has a 0.35% expense ratio, which is lower than MLPI's 0.68% expense ratio.

MLPI

Neos MLP & Energy Infrastructure High Income ETF

XLEI

State Street Energy Select Sector SPDR Premium Income ETF

Return for Risk

XLEI vs. MLPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Energy Select Sector SPDR Premium Income ETF (XLEI) 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

	XLEI	MLPI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	3.50	6.11	-2.61

Correlation

The correlation between XLEI and MLPI is 0.64, 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

XLEI vs. MLPI - Dividend Comparison

XLEI's dividend yield for the trailing twelve months is around 13.66%, more than MLPI's 3.55% yield.

	TTM	2025
XLEI State Street Energy Select Sector SPDR Premium Income ETF	13.66%	10.17%
MLPI Neos MLP & Energy Infrastructure High Income ETF	3.55%	0.00%

Drawdowns

XLEI vs. MLPI - Drawdown Comparison

The maximum XLEI drawdown since its inception was -5.31%, which is greater than MLPI's maximum drawdown of -2.83%. Use the drawdown chart below to compare losses from any high point for XLEI and MLPI.

Drawdown Indicators

	XLEI	MLPI	Difference
Max Drawdown Largest peak-to-trough decline	-5.31%	-2.83%	-2.48%
Current Drawdown Current decline from peak	-3.02%	-2.83%	-0.19%
Average Drawdown Average peak-to-trough decline	-0.95%	-0.63%	-0.32%

Volatility

Volatility by Period

	XLEI	MLPI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.73%	11.61%	+0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.73%	11.61%	+0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.73%	11.61%	+0.12%