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MLPIvsMDSTETF Comparison
NEOS MLP & Energy Infrastructure High Income ETF
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 14.28% year-to-date (YTD) with +$318M in YTD flows. MDST performs worse with 11.04% YTD performance, and +$29M 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.
MLPI vs MDST performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MLPI MDST | +3.37%+3.07% | n/a+11.89% | +14.28%+11.04% | n/a+19.91% | n/an/a | n/an/a |
| Flows | MLPI MDST | +$162M+$14M | -+$35M | +$318M+$29M | -+$122M | -- | -- |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MLPI MDST | n/a+10.04% | n/a+16.64% | n/an/a | n/an/a |
| Max drawdown | MLPI MDST | n/a-2.67% | n/a-14.31% | n/an/a | n/an/a |
| Max drawdown duration | MLPI MDST | n/a9d | n/a174d | n/an/a | n/an/a |
MLPI | MDST | |
Last sale 3/11/2026 at 1:30 PM | $28.75 | |
| Previous close 03/11/2026 | $28.63 | |
| Consolidated volume 03/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
MLPI | MDST | |
|---|---|---|
| Last price | – | $28.75 |
| 1D performance | – | +0.42% |
| AuM | $364.03 M | $217.24 M |
| E/R | 0.68% | 0.8% |
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 |
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 MLPI and MDST ETFs performed in 2026?
As of March 11, 2026, MLPI is up 14.28% year-to-date (YTD), while MDST has returned 11.04%. 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 +$318M in flows, compared to +$29M for MDST.
Which ETF is bigger: MLPI or MDST?
As of March 11, 2026, MLPI holds $364.03 M in assets under management (AUM), while MDST manages $217.24 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 WILLIAMS, ENBRIDGE and TC ENERGY CORP. MDST holds in its top three: ENERGY TRANSFER LP UNITS, ENBRIDGE and WILLIAMS.
Which ETF is more diversified: MLPI or MDST?
MLPI holds 24 securities with 82.72% of its assets in the top 15. MDST has 20 securities and a top 15 weight of 86.44%.
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