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MLPIvsTPYPETF Comparison

ETF 1
MLPI

NEOS MLP & Energy Infrastructure High Income ETF

This fund is part of
Options Strategies
+0.26%
VS
ETF 2
TPYP

Tortoise North American Pipeline Fund ETF - USD

This fund is part of
Infrastructure
-0.27%

NEOS MLP & Energy Infrastructure High Income ETF (MLPI) belongs to the Options Strategies segment. Tortoise North American Pipeline Fund ETF - USD (TPYP) is part of the Infrastructure segment. Both ETFs have the same top 3 sector exposures: and Energy. MLPI is more expensive with a Total Expense Ratio (TER) of 0.68%, versus 0.4% for TPYP. MLPI is up 15.27% year-to-date (YTD) with +$502M in YTD flows. TPYP performs better with 18.51% YTD performance, and +$61M in YTD flows. Run a side-by-side ETF comparison of MLPI and TPYP 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 TPYP performance and flow charts

Performance

-5.0-4.0-3.0-2.0-1.00.01.0%Mar 24Mar 31Apr 8Apr 15Apr 22

Cumulative Flows

0 M20 M40 M60 M80 M100 M120 MMar 24Mar 31Apr 8Apr 15Apr 22

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Historic performance and flows
Data as of 04/24/2026
1M3MYTD1Y3Y5Y
Perf.
MLPI
TPYP
-2.22%-3.08%
+11.01%+13.50%
+15.27%+18.51%
n/a+21.58%
n/a+90.53%
n/a+148.20%
Flows
MLPI
TPYP
+$125M+$27M
+$421M+$60M
+$502M+$61M
-+$46M
-+$31M
-+$29M
Volatility and drawdown
3M1Y3Y5Y
Volatility
MLPI
TPYP
+11.95%+12.99%
n/a+12.31%
n/a+14.89%
n/a+17.14%
Max drawdown
MLPI
TPYP
-4.42%-5.44%
n/a-6.92%
n/a-12.89%
n/a-17.85%
Max drawdown duration
MLPI
TPYP
29d26d
n/a114d
n/a174d
n/a574d
Trading data

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MLPI
TPYP
Last sale
4/27/2026 at 1:30 PM
$41.43
Previous close
04/24/2026
$41.50
Consolidated volume
04/24/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of March 31, 2026
1-year trailing difference

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MLPI
is actively managed and doesn’t replicate an index

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MLPI
TPYP
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 4/27/2026 at 1:30 PM
Live
Closed
MLPI
TPYP
Last price
$41.43
1D performance
-0.17%
AuM$538.81 M$883.95 M
E/R0.68%0.4%
Characteristics
MLPI
TPYP
Management strategyActivePassive
ProviderNEOS Investment ManagementTortoise Capital
Benchmark-Tortoise North American Pipeline Index
N° of holdings2241
Asset class-Equities
Trailing 12m distribution yield
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Inception dateDecember 18, 2025June 30, 2015
ESGNoNo
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Exposure

Countries

MLPI
USA
72.72%
Canada
23.96%
Other
3.32%
TPYP
USA
73.98%
Canada
25.66%
Other
0.36%

Sectors

MLPI
Energy
91.31%
Other
8.69%
TPYP
Energy
76.95%
Utilities
20.33%
Other
2.72%
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Diversification

MLPI

Total weight of top 15 holdings out of 15

79.37%
TPYP

Total weight of top 15 holdings out of 15

75.36%

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%
TPYP
CHENIERE ENERGY
7.55%
KINDER MORGAN
7.41%
ENBRIDGE
7.37%
TC ENERGY CORP
7.20%
WILLIAMS
7.09%
ONEOK
6.98%
ENTERPRISE PRODUCTS PARTNERS UNT
4.08%
TARGA RESOURCS
4.07%
ENERGY TRANSFER LP UNITS
4.06%
PEMBINA PIPELINE
3.94%
NISOURCE
3.90%
ATMOS ENERGY
3.90%
ALTAGAS
2.91%
MPLX COMMON UNITS
2.50%
NFG
2.40%
Frequently asked questions about MLPI and TPYP

How have the MLPI and TPYP ETFs performed in 2026?

As of April 24, 2026, MLPI is up 15.27% year-to-date (YTD), while TPYP has returned 18.51%. That puts TPYP better performer ahead so far this year.

Which ETF is attracting more investor money: MLPI or TPYP?

Year-to-date, the MLPI ETF saw +$502M in flows, compared to +$61M for TPYP.

Which ETF is bigger: MLPI or TPYP?

As of April 24, 2026, MLPI holds $538.81 M in assets under management (AUM), while TPYP manages $883.95 M.

What sectors do the MLPI and TPYP ETFs invest in?

MLPI leans toward sectors like Energy. Meanwhile, TPYP focuses on Energy and Utilities.

What are the top holdings of the MLPI ETF and TPYP ETF?

MLPI top holdings include ENBRIDGE, WILLIAMS and TC ENERGY CORP. TPYP holds in its top three: CHENIERE ENERGY, KINDER MORGAN and ENBRIDGE.

Which ETF is more diversified: MLPI or TPYP?

MLPI holds 24 securities with 79.37% of its assets in the top 15. TPYP has 44 securities and a top 15 weight of 75.36%.

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