MLPI vs HCMT
Comparison between NEOS MLP & ENERGY INFRASTRUCTURE HIGH INCOME ETF (MLPI, ETF) and DIREXION HCM TACTICAL ENHANCED US ETF (HCMT, ETF).
MLPI vs HCMT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MLPI
$628M
Winner
HCMT
$629M
Expense Ratio
MLPI
0.68%
HCMT
N/A
Max Drawdown
Winner
MLPI
6.48%
HCMT
36.71%
Sharpe Ratio
Winner
MLPI
2.71
HCMT
1.15
5Y Beta
Winner
MLPI
-0.12
HCMT
1.62
P/E Ratio
MLPI
29.54
Winner
HCMT
27.85
Forward P/E
Winner
MLPI
15.95
HCMT
21.23
5Y EPS CAGR
MLPI
20.77%
HCMT
N/A
Debt to Equity
MLPI
N/A
HCMT
24.79%
P/S Ratio
Winner
MLPI
1.36
HCMT
3.72
P/B Ratio
Winner
MLPI
3.50
HCMT
5.56
MLPI vs HCMT - Holdings Comparison
MLPI and HCMT have 5 common holdings. Overlap is -1.04%
MLPI's top 25 holdings weight is 102.28%. HCMT's top 25 holdings weight is 80.36%.
| Rank | MLPI | HCMT |
|---|---|---|
| #1 | ENBRIDGE INC (n/a) - 10.12% | DREYFUS GOVT CASH MAN INS (n/a) - 17.78% |
| #2 | WILLIAMS COMPANIES INC (WMB) - 9.33% | GOLDMAN SACHS FIN GOV 465 INSTITUT (n/a) - 12.58% |
| #3 | TC ENERGY CORP (n/a) - 6.91% | INVESCO QQQ TRUST SERIES 1 SWAP (n/a) - 8.56% |
| #4 | PEMBINA PIPELINE CORP (n/a) - 6.33% | TECHNOLOGY SELECT SECT SPDR SWAP (n/a) - 6.47% |
| #5 | KINDER MORGAN INC CLASS P (KMI) - 5.68% | DREYFUS TRSRY SECURITIES CASH MGMT (n/a) - 5.30% |
| #6 | TARGA RESOURCES CORP (TRGP) - 5.15% | NVIDIA CORP (NVDA) - 5.26% |
| #7 | ONEOK INC (OKE) - 4.53% | APPLE INC (AAPL) - 4.49% |
| #8 | CHENIERE ENERGY INC (LNG) - 4.50% | MICROSOFT CORP (MSFT) - 3.18% |
| #9 | ENERGY TRANSFER LP (ET) - 4.41% | AMAZON.COM INC (AMZN) - 2.43% |
| #10 | NEXTDECADE CORP (NEXT) - 4.41% | BROADCOM INC (AVGO) - 2.22% |
| #11 | ENTERPRISE PRODUCTS PARTNERS LP (EPD) - 4.28% | ALPHABET INC CLASS A (GOOGL) - 2.05% |
| #12 | DT MIDSTREAM INC ORDINARY SHARES (DTM) - 4.15% | ALPHABET INC CLASS C (GOOG) - 1.63% |
| #13 | MPLX LP PARTNERSHIP UNITS (MPLX) - 3.92% | META PLATFORMS INC CLASS A (META) - 1.27% |
| #14 | ANTERO MIDSTREAM CORP (AM) - 3.51% | TESLA INC (TSLA) - 1.16% |
| #15 | CHENIERE ENERGY PARTNERS LP (CQP) - 3.31% | MICRON TECHNOLOGY INC (MU) - 1.16% |
| #16 | CENTURI HOLDINGS INC (CTRI) - 3.02% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 0.84% |
| #17 | ROCKPOINT GAS STORAGE INC ORDINARY SHARES CLASS A (n/a) - 2.96% | ADVANCED MICRO DEVICES INC (AMD) - 0.83% |
| #18 | KINETIK HOLDINGS INC (KNTK) - 2.91% | ELI LILLY AND CO (LLY) - 0.82% |
| #19 | PLAINS ALL AMERICAN PIPELINE LP (PAA) - 2.82% | JPMORGAN CHASE & CO (JPM) - 0.79% |
| #20 | TEEKAY TANKERS LTD CLASS A (TNK) - 2.72% | EXXON MOBIL CORP (XOM) - 0.61% |
| #21 | PLAINS GP HOLDINGS LP CLASS A (PAGP) - 2.01% | CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 0.19% |
| #22 | HESS MIDSTREAM LP CLASS A (HESM) - 1.86% | MCDONALD'S CORP (MCD) - 0.19% |
| #23 | DELEK LOGISTICS PARTNERS LP (DKL) - 1.23% | PEPSICO INC (PEP) - 0.19% |
| #24 | GENESIS ENERGY LP (GEL) - 1.19% | AMPHENOL CORP CLASS A (APH) - 0.18% |
| #25 | NORTHERN US GOVERNMENT SELECT MMKT (NOSXX) - 1.02% | THERMO FISHER SCIENTIFIC INC (TMO) - 0.18% |
| Total Holdings | 32 | 469 |
MLPI vs HCMT - Historical Returns
Returns include dividend reinvestment.
1M
MLPI
-3.45%
Winner
HCMT
+4.70%
3M
MLPI
+2.35%
Winner
HCMT
+14.48%
6M
Winner
MLPI
+17.73%
HCMT
+9.27%
1Y
MLPI
N/A
HCMT
+36.17%
Max(CAGR)
Winner
MLPI
+39.25%
HCMT
+19.70%
MLPI vs HCMT - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | MLPI | HCMT |
|---|---|---|
| 2026 | +16.09% | +8.35% |
| 2025 | +0.56% | +6.08% |
| 2024 | N/A | +42.97% |
| 2023 | N/A | +5.66% |
MLPI vs HCMT Drawdown Comparison
The maximum drawdown for MLPI was -5.38%, occurring on May 29, 2026. This drawdown has not yet recovered.
The maximum drawdown for HCMT was -36.26%, occurring on Apr 21, 2025. Recovery took 172 trading sessions.
The current MLPI drawdown is -4.24%. The current HCMT drawdown is -3.45%.
| Rank | MLPI | HCMT |
|---|---|---|
| #1 | -5.38% May 22, 2026 - May 29, 2026 | -36.26% Feb 19, 2025 - Oct 24, 2025 |
| #2 | -4.64% Mar 26, 2026 - Apr 30, 2026 | -20.99% Jul 10, 2024 - Nov 6, 2024 |
| #3 | -4.04% May 4, 2026 - May 18, 2026 | -16.15% Jul 19, 2023 - Jan 19, 2024 |
| #4 | -2.78% Dec 23, 2025 - Jan 16, 2026 | -15.27% Oct 29, 2025 - May 26, 2026 |
| #5 | -1.50% Mar 2, 2026 - Mar 19, 2026 | -11.87% Mar 21, 2024 - May 15, 2024 |
| #6 | -0.75% Feb 13, 2026 - Feb 20, 2026 | -10.22% Jun 2, 2026 - Jun 10, 2026 |
| #7 | -0.69% Jan 30, 2026 - Feb 3, 2026 | -9.62% Dec 16, 2024 - Feb 18, 2025 |
| #8 | -0.59% Mar 19, 2026 - Mar 23, 2026 | -5.35% Nov 8, 2024 - Dec 2, 2024 |
| #9 | -0.58% May 19, 2026 - May 22, 2026 | -4.12% Feb 9, 2024 - Feb 22, 2024 |
| #10 | -0.52% Feb 23, 2026 - Feb 26, 2026 | -3.94% Jan 29, 2024 - Feb 2, 2024 |
| #11 | -0.26% Jan 16, 2026 - Jan 21, 2026 | -3.58% Mar 7, 2024 - Mar 20, 2024 |
| #12 | -0.17% Jan 23, 2026 - Jan 27, 2026 | -3.20% Mar 1, 2024 - Mar 7, 2024 |
| #13 | -0.16% Apr 30, 2026 - May 4, 2026 | -3.20% Jun 22, 2023 - Jun 30, 2023 |
| #14 | -0.05% Feb 11, 2026 - Feb 13, 2026 | -3.02% May 28, 2024 - Jun 5, 2024 |
| #15 | -0.05% Mar 24, 2026 - Mar 26, 2026 | -2.94% Jun 17, 2024 - Jul 2, 2024 |
Correlation
Correlation between MLPI and HCMT is -0.07 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.07
-101
Dividend Comparison (2023 - 2026)
MLPI vs HCMT dividend yield comparison.
| Year | MLPI | HCMT |
|---|---|---|
| 2026 | 7.35% | 0.14% |
| 2025 | 0.00% | 0.43% |
| 2024 | 0.00% | 2.75% |
| 2023 | 0.00% | 0.63% |
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