MLPIvsUSAIETF Comparison
ETF 1
MLPI
NEOS MLP & Energy Infrastructure High Income ETF
This fund is part of
Options Strategies
-0.15%
VS
ETF 2
USAI
Pacer American Energy Independence ETF - Distributing
This fund is part of
Infrastructure
-0.42%
NEOS MLP & Energy Infrastructure High Income ETF (MLPI) belongs to the Options Strategies segment. Pacer American Energy Independence ETF - Distributing (USAI) is part of the Infrastructure segment. MLPI's top 3 sector exposures are Energy and Industrials. In contrast, USAI's top sector exposures are Energy MLPI is less expensive with a Total Expense Ratio (TER) of 0.68%, versus 0.75% for USAI. MLPI is up 21.32% year-to-date (YTD) with +$791M in YTD flows. USAI performs better with 27.71% YTD performance, and +$29M in YTD flows. Run a side-by-side ETF comparison of MLPI and USAI 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 USAI 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 USAI | +2.24%+5.91% | +5.25%+7.06% | +21.32%+27.71% | n/a+24.91% | n/a+95.34% | n/a+155.81% |
| Flows | MLPI USAI | +$156M+$14M | +$289M+$21M | +$791M+$29M | -+$21M | -+$48M | -+$68M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MLPI USAI | +15.11%+20.35% | n/a+16.06% | n/a+17.63% | n/a+20.33% |
| Max drawdown | MLPI USAI | -5.41%-8.26% | n/a-8.77% | n/a-18.00% | n/a-20.75% |
| Max drawdown duration | MLPI USAI | 60d66d | n/a115d | n/a372d | n/a533d |
Trading data
MLPI | USAI | |
Last sale 7/27/2026 at 1:30 PM | $45.89 | |
| Previous close 07/24/2026 | $47.59 | |
| Consolidated volume 07/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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MLPI
is actively managed and doesn’t replicate an indexMLPI | USAI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/27/2026 at 1:30 PM
Live
Closed
MLPI | USAI | |
|---|---|---|
| Last price | – | $45.89 |
| 1D performance | – | -3.59% |
| AuM | $833.57 M | $130.76 M |
| E/R | 0.68% | 0.75% |
Characteristics
MLPI | USAI | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | NEOS Investment Management | PACER ETFs |
| Benchmark | - | American Energy Independence Index |
| N° of holdings | 24 | 33 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 18, 2025 | October 10, 2017 |
| ESG | No | No |
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Exposure
Countries
MLPI
USA
72.37%
Canada
24.49%
Other
3.14%
USAI
USA
77.31%
Canada
22.4%
Other
0.29%
Sectors
MLPI
Energy
96.64%
Other
3.36%
USAI
Energy
99.71%
Other
0.29%
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Diversification
MLPI
Total weight of top 15 holdings out of 15
81%
USAI
Total weight of top 15 holdings out of 15
77.76%
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%
USAI
Cheniere Energy, Inc.
7.41%
The Williams Cos., Inc.
7.36%
Enbridge, Inc.
7.26%
TC Energy Corp.
7.21%
Energy Transfer LP
7.18%
Enterprise Products Partners LP
7.11%
EQT Corp.
4.72%
ONEOK, Inc.
4.29%
Targa Resources Corp.
4.28%
Kinder Morgan, Inc.
4.27%
Venture Global, Inc.
4.03%
Pembina Pipeline Corp.
3.41%
MPLX LP
3.17%
NextDecade Corp.
3.03%
Expand Energy Corp.
3.03%
Frequently asked questions about MLPI and USAI
How have the MLPI and USAI ETFs performed in 2026?
As of July 24, 2026, MLPI is up 21.32% year-to-date (YTD), while USAI has returned 27.71%. That puts USAI better performer ahead so far this year.
Which ETF is attracting more investor money: MLPI or USAI?
Year-to-date, the MLPI ETF saw +$791M in flows, compared to +$29M for USAI.
Which ETF is bigger: MLPI or USAI?
As of July 24, 2026, MLPI holds $833.57 M in assets under management (AUM), while USAI manages $130.76 M.
What sectors do the MLPI and USAI ETFs invest in?
MLPI leans toward sectors like Energy. Meanwhile, USAI focuses on Energy.
What are the top holdings of the MLPI ETF and USAI ETF?
MLPI top holdings include The Williams Cos., Inc., Enbridge, Inc. and TC Energy Corp.. USAI holds in its top three: Cheniere Energy, Inc., The Williams Cos., Inc. and Enbridge, Inc..
Which ETF is more diversified: MLPI or USAI?
MLPI holds 24 securities with 81% of its assets in the top 15. USAI has 33 securities and a top 15 weight of 77.76%.
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