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MLPI vs SPY

Comparison between NEOS MLP & ENERGY INFRASTRUCTURE HIGH INCOME ETF (MLPI, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

MLPI vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
MLPI
$588M
Winner
SPY
$735B
Expense Ratio
MLPI
0.68%
Winner
SPY
0.09%
Max Drawdown
Winner
MLPI
6.48%
SPY
56.47%
Sharpe Ratio
Winner
MLPI
2.74
SPY
1.62
5Y Beta
Winner
MLPI
-0.09
SPY
1.00
P/E Ratio
MLPI
29.51
Winner
SPY
28.99
Forward P/E
Winner
MLPI
15.79
SPY
22.37
5Y Dividends CAGR
MLPI
N/A
SPY
5.43%
5Y EPS CAGR
MLPI
20.83%
Winner
SPY
26.05%
Debt to Equity
MLPI
N/A
SPY
32.40%
P/S Ratio
Winner
MLPI
1.37
SPY
3.74
P/B Ratio
Winner
MLPI
3.50
SPY
5.61

MLPI vs SPY - Holdings Comparison

MLPI and SPY have 5 common holdings. Overlap is -0.51%

MLPI's top 25 holdings weight is 100.91%. SPY's top 25 holdings weight is 52.37%.

RankMLPISPY
#1
ENBRIDGE INC (n/a) - 9.87%
NVIDIA CORP (NVDA) - 8.10%
#2
WILLIAMS COMPANIES INC (WMB) - 9.62%
APPLE INC (AAPL) - 7.02%
#3
TC ENERGY CORP (n/a) - 6.80%
MICROSOFT CORP (MSFT) - 4.79%
#4
PEMBINA PIPELINE CORP (n/a) - 6.04%
AMAZON.COM INC (AMZN) - 4.02%
#5
KINDER MORGAN INC CLASS P (KMI) - 5.72%
ALPHABET INC CLASS A (GOOGL) - 3.51%
#6
TARGA RESOURCES CORP (TRGP) - 5.09%
BROADCOM INC (AVGO) - 3.10%
#7
ONEOK INC (OKE) - 4.56%
ALPHABET INC CLASS C (GOOG) - 2.79%
#8
CHENIERE ENERGY INC (LNG) - 4.30%
META PLATFORMS INC CLASS A (META) - 2.08%
#9
NEXTDECADE CORP (NEXT) - 4.30%
TESLA INC (TSLA) - 1.89%
#10
ENERGY TRANSFER LP (ET) - 4.27%
MICRON TECHNOLOGY INC (MU) - 1.56%
#11
DT MIDSTREAM INC ORDINARY SHARES (DTM) - 4.24%
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37%
#12
ENTERPRISE PRODUCTS PARTNERS LP (EPD) - 4.20%
ELI LILLY AND CO (LLY) - 1.31%
#13
MPLX LP PARTNERSHIP UNITS (MPLX) - 3.83%
JPMORGAN CHASE & CO (JPM) - 1.28%
#14
ANTERO MIDSTREAM CORP (AM) - 3.49%
ADVANCED MICRO DEVICES INC (AMD) - 1.27%
#15
CHENIERE ENERGY PARTNERS LP (CQP) - 3.12%
EXXON MOBIL CORP (XOM) - 0.97%
#16
KINETIK HOLDINGS INC (KNTK) - 3.02%
INTEL CORP (INTC) - 0.90%
#17
CENTURI HOLDINGS INC (CTRI) - 2.97%
JOHNSON & JOHNSON (JNJ) - 0.86%
#18
ROCKPOINT GAS STORAGE INC ORDINARY SHARES CLASS A (n/a) - 2.96%
VISA INC CLASS A (V) - 0.85%
#19
TEEKAY TANKERS LTD CLASS A (TNK) - 2.81%
WALMART INC (WMT) - 0.81%
#20
PLAINS ALL AMERICAN PIPELINE LP (PAA) - 2.79%
CISCO SYSTEMS INC (CSCO) - 0.72%
#21
PLAINS GP HOLDINGS LP CLASS A (PAGP) - 1.99%
COSTCO WHOLESALE CORP (COST) - 0.69%
#22
HESS MIDSTREAM LP CLASS A (HESM) - 1.86%
CATERPILLAR INC (CAT) - 0.66%
#23
DELEK LOGISTICS PARTNERS LP (DKL) - 1.17%
MASTERCARD INC CLASS A (MA) - 0.62%
#24
GENESIS ENERGY LP (GEL) - 1.13%
LAM RESEARCH CORP (LRCX) - 0.62%
#25
CASH OFFSET (n/a) - 0.76%
ABBVIE INC (ABBV) - 0.58%
Total Holdings32505

MLPI vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
MLPI
-2.19%
Winner
SPY
+1.90%
3M
MLPI
+3.14%
Winner
SPY
+8.55%
6M
Winner
MLPI
+19.05%
SPY
+8.18%
1Y
MLPI
N/A
SPY
+25.79%
5Y(CAGR)
MLPI
N/A
SPY
+13.32%
10Y(CAGR)
MLPI
N/A
SPY
+15.19%
Max(CAGR)
Winner
MLPI
+45.78%
SPY
+8.47%

MLPI vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearMLPISPY
2026+17.40%+8.26%
2025+0.56%+18.00%
2024N/A+25.59%
2023N/A+26.72%
2022N/A-18.64%
2021N/A+30.52%
2020N/A+17.28%
2019N/A+31.09%
2018N/A-5.24%
2017N/A+20.78%
2016N/A+13.59%
2015N/A+1.31%
2014N/A+14.56%
2013N/A+29.00%
2012N/A+14.17%
2011N/A+0.85%
2010N/A+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

MLPI vs SPY 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 SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current MLPI drawdown is -3.16%. The current SPY drawdown is -2.90%.

RankMLPISPY
#1-5.38%
May 22, 2026 - May 29, 2026		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-4.64%
Mar 26, 2026 - Apr 30, 2026		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-4.04%
May 4, 2026 - May 18, 2026		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-2.78%
Dec 23, 2025 - Jan 16, 2026		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-1.50%
Mar 2, 2026 - Mar 19, 2026		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-0.75%
Feb 13, 2026 - Feb 20, 2026		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-0.69%
Jan 30, 2026 - Feb 3, 2026		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-0.59%
Mar 19, 2026 - Mar 23, 2026		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-0.58%
May 19, 2026 - May 22, 2026		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-0.52%
Feb 23, 2026 - Feb 26, 2026		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-0.26%
Jan 16, 2026 - Jan 21, 2026		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-0.17%
Jan 23, 2026 - Jan 27, 2026		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-0.16%
Apr 30, 2026 - May 4, 2026		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-0.05%
Feb 11, 2026 - Feb 13, 2026		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-0.05%
Mar 24, 2026 - Mar 26, 2026		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between MLPI and SPY is 0.37 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.37
-101

Dividend Comparison (1999 - 2026)

MLPI vs SPY dividend yield comparison.

YearMLPISPY
20266.00%0.24%
20250.00%1.07%
20240.00%1.21%
20230.00%1.40%
20220.00%1.65%
20210.00%1.20%
20200.00%1.52%
20190.00%1.75%
20180.00%2.04%
20170.00%1.80%
20160.00%2.03%
20150.00%2.06%
20140.00%1.87%
20130.00%1.81%
20120.00%2.18%
20110.00%2.05%
20100.00%1.80%
20090.00%1.95%
20080.00%3.02%
20070.00%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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