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MDSTvsMLPIETF Comparison
NEOS MLP & Energy Infrastructure High Income ETF
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 11.04% year-to-date (YTD) with +$29M in YTD flows. MLPI performs better with 14.28% YTD performance, and +$318M 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.
MDST vs MLPI performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MDST MLPI | +3.07%+3.37% | +11.89%n/a | +11.04%+14.28% | +19.91%n/a | n/an/a | n/an/a |
| Flows | MDST MLPI | +$14M+$162M | +$35M- | +$29M+$318M | +$122M- | -- | -- |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MDST MLPI | +10.04%n/a | +16.64%n/a | n/an/a | n/an/a |
| Max drawdown | MDST MLPI | -2.67%n/a | -14.31%n/a | n/an/a | n/an/a |
| Max drawdown duration | MDST MLPI | 9dn/a | 174dn/a | n/an/a | n/an/a |
MDST | MLPI | |
Last sale 3/12/2026 at 3:01 PM | $28.83 | |
| Previous close 03/11/2026 | $28.75 | |
| Consolidated volume 03/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
MDST | MLPI | |
|---|---|---|
| Last price | $28.83 | – |
| 1D performance | +0.28% | – |
| AuM | $217.24 M | $364.03 M |
| E/R | 0.8% | 0.68% |
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 |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the MDST and MLPI ETFs performed in 2026?
As of March 10, 2026, MDST is up 11.04% year-to-date (YTD), while MLPI has returned 14.28%. 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 +$29M in flows, compared to +$318M for MLPI.
Which ETF is bigger: MDST or MLPI?
As of March 10, 2026, MDST holds $217.24 M in assets under management (AUM), while MLPI manages $364.03 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 ENERGY TRANSFER LP UNITS, ENBRIDGE and WILLIAMS. MLPI holds in its top three: WILLIAMS, ENBRIDGE and TC ENERGY CORP.
Which ETF is more diversified: MDST or MLPI?
MDST holds 20 securities with 86.44% of its assets in the top 15. MLPI has 24 securities and a top 15 weight of 82.72%.
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