MLPIvsUSAIETF Comparison
ETF 1
MLPI
NEOS MLP & Energy Infrastructure High Income ETF
This fund is part of
Options Strategies
+0.26%
VS
ETF 2
USAI
Pacer American Energy Independence ETF - Distributing
This fund is part of
Infrastructure
-0.27%
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. 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 0.75% for USAI. MLPI is up 15.27% year-to-date (YTD) with +$502M in YTD flows. USAI performs better with 19.29% YTD performance, and +$8M 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 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MLPI USAI | -2.22%-5.93% | +11.01%+12.80% | +15.27%+19.29% | n/a+20.58% | n/a+96.45% | n/a+163.19% |
| Flows | MLPI USAI | +$125M+$262K | +$421M+$10M | +$502M+$8M | --$111K | -+$23M | -+$49M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MLPI USAI | +11.95%+15.88% | n/a+14.98% | n/a+17.32% | n/a+20.38% |
| Max drawdown | MLPI USAI | -4.42%-8.55% | n/a-8.92% | n/a-18.00% | n/a-20.75% |
| Max drawdown duration | MLPI USAI | 29d26d | n/a185d | n/a372d | n/a533d |
Trading data
MLPI | USAI | |
Last sale 4/27/2026 at 1:30 PM | $44.90 | |
| Previous close 04/24/2026 | $44.89 | |
| 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 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 4/27/2026 at 1:30 PM
Live
Closed
MLPI | USAI | |
|---|---|---|
| Last price | – | $44.90 |
| 1D performance | – | +0.03% |
| AuM | $538.81 M | $103.19 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 | 22 | 32 |
| 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
72.72%
Canada
23.96%
Other
3.32%
USAI
USA
79.2%
Canada
20.43%
Other
0.37%
Sectors
MLPI
Energy
91.31%
Other
8.69%
USAI
Energy
93.93%
Other
6.07%
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Diversification
MLPI
Total weight of top 15 holdings out of 15
79.37%
USAI
Total weight of top 15 holdings out of 15
76.43%
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%
USAI
ENERGY TRANSFER LP UNITS
7.34%
ENTERPRISE PRODUCTS PARTNERS UNT
7.32%
CHENIERE ENERGY
7.30%
ENBRIDGE
7.16%
WILLIAMS
7.03%
TC ENERGY CORP
6.70%
TARGA RESOURCS
4.32%
ONEOK
4.32%
US92333F1012
4.32%
KINDER MORGAN
4.17%
EQT
4.02%
PEMBINA PIPELINE
3.50%
MPLX COMMON UNITS
3.15%
NEXTDECADE CORPORATION
3.06%
COTERRA ENERGY
2.72%
Frequently asked questions about MLPI and USAI
How have the MLPI and USAI ETFs performed in 2026?
As of April 24, 2026, MLPI is up 15.27% year-to-date (YTD), while USAI has returned 19.29%. 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 +$502M in flows, compared to +$8M for USAI.
Which ETF is bigger: MLPI or USAI?
As of April 24, 2026, MLPI holds $538.81 M in assets under management (AUM), while USAI manages $103.19 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 ENBRIDGE, WILLIAMS and TC ENERGY CORP. USAI holds in its top three: ENERGY TRANSFER LP UNITS, ENTERPRISE PRODUCTS PARTNERS UNT and CHENIERE ENERGY.
Which ETF is more diversified: MLPI or USAI?
MLPI holds 24 securities with 79.37% of its assets in the top 15. USAI has 33 securities and a top 15 weight of 76.43%.
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