MLPIvsMDSTETF Comparison
ETF 1
MLPI
NEOS MLP & Energy Infrastructure High Income ETF
This fund is part of
Options Strategies
+0.26%
VS
NEOS MLP & Energy Infrastructure High Income ETF (MLPI) and Westwood Salient Enhanced Midstream Income ETF (MDST) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: and Energy. MLPI is less expensive with a Total Expense Ratio (TER) of 0.68%, versus 0.8% for MDST. MLPI is up 15.27% year-to-date (YTD) with +$502M in YTD flows. MDST performs worse with 10.96% YTD performance, and +$47M in YTD flows. Run a side-by-side ETF comparison of MLPI and MDST 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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MLPI vs MDST performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MLPI MDST | -2.22%-2.16% | +11.01%+7.16% | +15.27%+10.96% | n/a+17.43% | n/an/a | n/an/a |
| Flows | MLPI MDST | +$125M+$15M | +$421M+$39M | +$502M+$47M | -+$139M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MLPI MDST | +11.95%+9.36% | n/a+11.27% | n/an/a | n/an/a |
| Max drawdown | MLPI MDST | -4.42%-4.32% | n/a-5.89% | n/an/a | n/an/a |
| Max drawdown duration | MLPI MDST | 29d29d | n/a66d | n/an/a | n/an/a |
Trading data
MLPI | MDST | |
Last sale 4/27/2026 at 1:30 PM | $28.24 | |
| Previous close 04/24/2026 | $28.30 | |
| Consolidated volume 04/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 4/27/2026 at 1:30 PM
Live
Closed
MLPI | MDST | |
|---|---|---|
| Last price | – | $28.24 |
| 1D performance | – | -0.23% |
| AuM | $538.81 M | $233.77 M |
| E/R | 0.68% | 0.8% |
Characteristics
MLPI | MDST | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | NEOS Investment Management | Westwood |
| Benchmark | - | - |
| N° of holdings | 22 | 20 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 18, 2025 | April 9, 2024 |
| ESG | No | No |
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Exposure
Countries
MLPI
USA
72.72%
Canada
23.96%
Other
3.32%
MDST
USA
74.28%
Canada
17.8%
Other
7.92%
Sectors
MLPI
Energy
91.31%
Other
8.69%
MDST
Energy
92.08%
Other
7.92%
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Diversification
MLPI
Total weight of top 15 holdings out of 15
79.37%
MDST
Total weight of top 15 holdings out of 15
85.36%
Top 15 holdings
Data as of March 31, 2026
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%
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%
Frequently asked questions about MLPI and MDST
How have the MLPI and MDST ETFs performed in 2026?
As of April 24, 2026, MLPI is up 15.27% year-to-date (YTD), while MDST has returned 10.96%. That puts MLPI better performer ahead so far this year.
Which ETF is attracting more investor money: MLPI or MDST?
Year-to-date, the MLPI ETF saw +$502M in flows, compared to +$47M for MDST.
Which ETF is bigger: MLPI or MDST?
As of April 24, 2026, MLPI holds $538.81 M in assets under management (AUM), while MDST manages $233.77 M.
What sectors do the MLPI and MDST ETFs invest in?
MLPI leans toward sectors like Energy. Meanwhile, MDST focuses on Energy.
What are the top holdings of the MLPI ETF and MDST ETF?
MLPI top holdings include ENBRIDGE, WILLIAMS and TC ENERGY CORP. MDST holds in its top three: ENBRIDGE, ENERGY TRANSFER LP UNITS and WILLIAMS.
Which ETF is more diversified: MLPI or MDST?
MLPI holds 24 securities with 79.37% of its assets in the top 15. MDST has 20 securities and a top 15 weight of 85.36%.
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Latest news about MLPI & MDST
Westwood Launches BFRE ETF: A New Approach to Global Equity Investing
March 27, 2025
MDST
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