MLPIvsMDSTETF Comparison
ETF 1
MLPI
NEOS MLP & Energy Infrastructure High Income ETF
This fund is part of
Options Strategies
-0.15%
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. MLPI's top 3 sector exposures are Energy and Industrials. In contrast, MDST's top sector exposures are Energy MLPI is less expensive with a Total Expense Ratio (TER) of 0.68%, versus 0.8% for MDST. MLPI is up 21.32% year-to-date (YTD) with +$791M in YTD flows. MDST performs worse with 20.54% YTD performance, and +$90M 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.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
MLPI vs MDST performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MLPI MDST | +2.24%+4.69% | +5.25%+8.63% | +21.32%+20.54% | n/a+24.38% | n/an/a | n/an/a |
| Flows | MLPI MDST | +$156M+$15M | +$289M+$46M | +$791M+$90M | -+$142M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MLPI MDST | +15.11%+15.33% | n/a+11.78% | n/an/a | n/an/a |
| Max drawdown | MLPI MDST | -5.41%-5.27% | n/a-5.89% | n/an/a | n/an/a |
| Max drawdown duration | MLPI MDST | 60d55d | n/a66d | n/an/a | n/an/a |
Trading data
MLPI | MDST | |
Last sale 7/27/2026 at 1:30 PM | $29.42 | |
| Previous close 07/24/2026 | $30.06 | |
| Consolidated volume 07/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Advertisement
Main metrics
Last update 7/27/2026 at 1:30 PM
Live
Closed
MLPI | MDST | |
|---|---|---|
| Last price | – | $29.42 |
| 1D performance | – | -2.13% |
| AuM | $833.57 M | $292.32 M |
| E/R | 0.68% | 0.8% |
Characteristics
MLPI | MDST | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | NEOS Investment Management | Westwood |
| Benchmark | - | - |
| N° of holdings | 24 | 23 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 18, 2025 | April 9, 2024 |
| ESG | No | No |
Advertisement
Exposure
Countries
MLPI
USA
72.37%
Canada
24.49%
Other
3.14%
MDST
USA
76.81%
Canada
21.08%
Other
2.11%
Sectors
MLPI
Energy
96.64%
Other
3.36%
MDST
Energy
97.89%
Other
2.11%
Advertisement
Diversification
MLPI
Total weight of top 15 holdings out of 15
81%
MDST
Total weight of top 15 holdings out of 15
86.16%
Top 15 holdings
Data as of June 30, 2026
MLPI
The Williams Cos., Inc.
9.96%
Enbridge, Inc.
9.86%
TC Energy Corp.
7.78%
Kinder Morgan, Inc.
6.58%
Targa Resources Corp.
5.63%
ONEOK, Inc.
5.42%
Cheniere Energy, Inc.
4.63%
DT Midstream, Inc.
4.57%
Pembina Pipeline Corp.
4.44%
Energy Transfer LP
4.38%
Enterprise Products Partners LP
4.29%
MPLX LP
3.96%
Antero Midstream Corp.
3.62%
Cheniere Energy Partners LP
3.07%
Kinetik Holdings, Inc.
2.81%
MDST
Enbridge, Inc.
8.86%
Energy Transfer LP
8.75%
The Williams Cos., Inc.
8.64%
Enterprise Products Partners LP
6.72%
DT Midstream, Inc.
6.56%
Kinder Morgan, Inc.
5.65%
TC Energy Corp.
4.81%
Antero Midstream Corp.
4.75%
Targa Resources Corp.
4.72%
ONEOK, Inc.
4.66%
MPLX LP
4.55%
Cheniere Energy, Inc.
4.52%
Plains GP Holdings LP
4.47%
South Bow Corp.
4.46%
Hess Midstream LP
4.04%
Frequently asked questions about MLPI and MDST
How have the MLPI and MDST ETFs performed in 2026?
As of July 24, 2026, MLPI is up 21.32% year-to-date (YTD), while MDST has returned 20.54%. 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 +$791M in flows, compared to +$90M for MDST.
Which ETF is bigger: MLPI or MDST?
As of July 24, 2026, MLPI holds $833.57 M in assets under management (AUM), while MDST manages $292.32 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 The Williams Cos., Inc., Enbridge, Inc. and TC Energy Corp.. MDST holds in its top three: Enbridge, Inc., Energy Transfer LP and The Williams Cos., Inc..
Which ETF is more diversified: MLPI or MDST?
MLPI holds 24 securities with 81% of its assets in the top 15. MDST has 23 securities and a top 15 weight of 86.16%.
Advertisement
Latest news about MLPI & MDST
Westwood Launches BFRE ETF: A New Approach to Global Equity Investing
March 27, 2025
MDST
Advertisement
Advertisement
