MDSTvsMLPIETF Comparison
VS
ETF 2
MLPI
NEOS MLP & Energy Infrastructure High Income ETF
This fund is part of
Options Strategies
+0.63%
Westwood Salient Enhanced Midstream Income ETF (MDST) and NEOS MLP & Energy Infrastructure High Income ETF (MLPI) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: and Energy. MDST is more expensive with a Total Expense Ratio (TER) of 0.8%, versus 0.68% for MLPI. MDST is up 13.65% year-to-date (YTD) with +$52M in YTD flows. MLPI performs better with 21.08% YTD performance, and +$523M in YTD flows. Run a side-by-side ETF comparison of MDST and MLPI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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MDST vs MLPI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MDST MLPI | +0.29%+2.93% | +7.70%+14.50% | +13.65%+21.08% | +20.17%n/a | n/an/a | n/an/a |
| Flows | MDST MLPI | +$14M+$122M | +$43M+$427M | +$52M+$523M | +$142M- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MDST MLPI | +9.81%+12.93% | +11.39%n/a | n/an/a | n/an/a |
| Max drawdown | MDST MLPI | -4.32%-4.42% | -5.89%n/a | n/an/a | n/an/a |
| Max drawdown duration | MDST MLPI | 34d34d | 66dn/a | n/an/a | n/an/a |
Trading data
MDST | MLPI | |
Last sale 5/1/2026 at 4:25 PM | $29.17 | |
| Previous close 04/29/2026 | $29.33 | |
| Consolidated volume 04/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 5/1/2026 at 4:25 PM
Live
Closed
MDST | MLPI | |
|---|---|---|
| Last price | $29.17 | – |
| 1D performance | -0.55% | – |
| AuM | $241.90 M | $587.92 M |
| E/R | 0.8% | 0.68% |
Characteristics
MDST | MLPI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Westwood | NEOS Investment Management |
| Benchmark | - | - |
| N° of holdings | 20 | 22 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 9, 2024 | December 18, 2025 |
| ESG | No | No |
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Exposure
Countries
MDST
USA
74.28%
Canada
17.8%
Other
7.92%
MLPI
USA
72.72%
Canada
23.96%
Other
3.32%
Sectors
MDST
Energy
92.08%
Other
7.92%
MLPI
Energy
91.31%
Other
8.69%
Diversification
MDST
Total weight of top 15 holdings out of 15
85.36%
MLPI
Total weight of top 15 holdings out of 15
79.37%
Top 15 holdings
Data as of March 31, 2026
MDST
ENBRIDGE
8.66%
ENERGY TRANSFER LP UNITS
8.65%
WILLIAMS
8.28%
ENTERPRISE PRODUCTS PARTNERS UNT
6.77%
DT MIDSTREAM INC
5.90%
KINDER MORGAN
5.81%
CHENIERE ENERGY
5.25%
ONEOK
4.93%
ANTERO MIDSTREAM CORPORATION
4.66%
TC ENERGY CORP
4.63%
MPLX COMMON UNITS
4.52%
PEMBINA PIPELINE
4.51%
PLAINS GP HOLDINGS
4.38%
TARGA RESOURCS
4.32%
HESS MIDSTREAM PARTNERS LP
4.09%
MLPI
ENBRIDGE
9.43%
WILLIAMS
9.27%
TC ENERGY CORP
6.13%
KINDER MORGAN
5.96%
PEMBINA PIPELINE
5.67%
CHENIERE ENERGY
5.42%
ONEOK
4.76%
TARGA RESOURCS
4.75%
ENTERPRISE PRODUCTS PARTNERS UNT
4.33%
ENERGY TRANSFER LP UNITS
4.32%
NEXTDECADE CORPORATION
4.22%
MPLX COMMON UNITS
3.97%
DT MIDSTREAM INC
3.88%
ANTERO MIDSTREAM CORPORATION
3.76%
CHENIERE ENERGY PARTNERS UNT
3.50%
Frequently asked questions about MDST and MLPI
How have the MDST and MLPI ETFs performed in 2026?
As of April 29, 2026, MDST is up 13.65% year-to-date (YTD), while MLPI has returned 21.08%. That puts MLPI better performer ahead so far this year.
Which ETF is attracting more investor money: MDST or MLPI?
Year-to-date, the MDST ETF saw +$52M in flows, compared to +$523M for MLPI.
Which ETF is bigger: MDST or MLPI?
As of April 29, 2026, MDST holds $241.90 M in assets under management (AUM), while MLPI manages $587.92 M.
What sectors do the MDST and MLPI ETFs invest in?
MDST leans toward sectors like Energy. Meanwhile, MLPI focuses on Energy.
What are the top holdings of the MDST ETF and MLPI ETF?
MDST top holdings include ENBRIDGE, ENERGY TRANSFER LP UNITS and WILLIAMS. MLPI holds in its top three: ENBRIDGE, WILLIAMS and TC ENERGY CORP.
Which ETF is more diversified: MDST or MLPI?
MDST holds 20 securities with 85.36% of its assets in the top 15. MLPI has 24 securities and a top 15 weight of 79.37%.
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Latest news about MDST & MLPI
Westwood Launches BFRE ETF: A New Approach to Global Equity Investing
March 27, 2025
MDST
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