ClearBridge Energy Midstream Opportunity Fund Inc./EMO Holdings 2026-04-08

Asset Allocation

Position	Category/Sector	Target Weight
TRGP Targa Resources Corp.	Energy	5.56%
ET Energy Transfer LP	Energy	5.56%
WMB The Williams Companies, Inc.	Energy	5.56%
MPLX MPLX LP	Energy	5.56%
KMI Kinder Morgan, Inc.	Energy	5.56%
OKE ONEOK, Inc.	Energy	5.56%
WES Western Midstream Partners, LP	Energy	5.56%
EPD Enterprise Products Partners L.P.	Energy	5.56%
ENB Enbridge Inc.	Energy	5.56%
AM Antero Midstream Corporation	Energy	5.56%
TRP TC Energy Corporation	Energy	5.56%
PAGP Plains GP Holdings, L.P.	Energy	5.56%
HESM Hess Midstream LP	Energy	5.56%
PAA Plains All American Pipeline, L.P.	Energy	5.56%
GEL Genesis Energy, L.P.	Energy	5.56%
CQP Cheniere Energy Partners, L.P.	Energy	5.56%
SUN Sunoco LP	Energy	5.56%
DKL Delek Logistics Partners, LP	Energy	5.56%

Benchmark Against

Benchmark

S&P 500 Index

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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in ClearBridge Energy Midstream Opportunity Fund Inc./EMO Holdings 2026-04-08, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.

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Returns By Period

Position	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	-2.64%	-0.21%	7.86%	7.47%	23.05%	19.90%	11.79%	13.33%
Portfolio ClearBridge Energy Midstream Opportunity Fund Inc./EMO Holdings 2026-04-08	-0.73%	2.56%	22.68%	20.76%	26.07%	28.48%	22.47%	—
Portfolio components:
AM Antero Midstream Corporation	-0.28%	2.87%	23.71%	19.15%	20.35%	33.68%	25.21%	7.38%
CQP Cheniere Energy Partners, L.P.	0.17%	3.37%	23.86%	18.67%	16.15%	20.49%	16.31%	14.95%
DKL Delek Logistics Partners, LP	-0.54%	1.96%	21.74%	18.55%	34.12%	10.45%	14.38%	18.28%
ENB Enbridge Inc.	-0.76%	6.41%	20.83%	20.17%	27.79%	21.89%	14.70%	9.33%
EPD Enterprise Products Partners L.P.	-0.97%	1.67%	21.59%	19.54%	28.31%	21.48%	17.25%	10.27%
ET Energy Transfer LP	-1.17%	0.26%	21.86%	19.61%	16.51%	23.96%	21.70%	12.38%
GEL Genesis Energy, L.P.	-0.19%	-4.52%	2.32%	-0.92%	-0.62%	21.74%	14.30%	-2.00%
HESM Hess Midstream LP	-0.38%	1.70%	17.35%	18.31%	8.14%	19.89%	17.24%	—
KMI Kinder Morgan, Inc.	-0.06%	0.86%	17.43%	16.25%	17.24%	29.84%	17.32%	11.04%
MPLX MPLX LP	0.28%	4.59%	10.01%	5.10%	19.05%	29.07%	24.77%	14.89%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Apr 6, 2017, ClearBridge Energy Midstream Opportunity Fund Inc./EMO Holdings 2026-04-08's average daily return is +0.07%, while the average monthly return is +1.62%. At this rate, an investment would double in approximately 3.6 years.

Historically, 61% of months were positive and 39% were negative. The best month was Apr 2020 with a return of +62.4%, while the worst month was Mar 2020 at -45.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.

On a daily basis, ClearBridge Energy Midstream Opportunity Fund Inc./EMO Holdings 2026-04-08 closed higher 54% of trading days. The best single day was Mar 19, 2020 with a return of +18.0%, while the worst single day was Mar 9, 2020 at -26.0%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	7.69%	9.75%	2.03%	2.70%	-3.89%	3.07%							22.68%
2025	6.70%	4.09%	2.32%	-7.74%	2.45%	3.14%	1.44%	-0.87%	-0.62%	-3.67%	5.84%	-0.19%	12.67%
2024	1.93%	4.06%	4.93%	-1.24%	3.05%	4.07%	2.89%	2.84%	0.02%	0.70%	14.12%	-6.48%	34.09%
2023	5.73%	-2.40%	-1.34%	2.69%	-4.00%	6.36%	3.72%	-0.29%	0.76%	1.61%	8.24%	-2.83%	18.87%
2022	10.79%	3.92%	4.23%	-1.55%	6.98%	-14.23%	11.84%	2.33%	-10.44%	13.71%	3.26%	-4.69%	24.35%
2021	6.48%	7.11%	7.11%	5.35%	7.33%	5.69%	-4.74%	-2.02%	6.00%	5.62%	-6.83%	2.65%	45.92%

Benchmark Metrics

ClearBridge Energy Midstream Opportunity Fund Inc./EMO Holdings 2026-04-08 has an annualized alpha of 6.11%, beta of 0.88, and R2 of 0.33 versus S&P 500 Index. Calculated based on daily prices since April 06, 2017.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (99.66%) than losses (91.12%) - typical of diversified or defensive assets.
R2 of 0.33 means the benchmark explains less than half of this portfolio's behavior - treat beta with caution or consider switching to a more representative benchmark.

Alpha: 6.11%

Beta: 0.88

R²: 0.33

Upside Capture: 99.66%

Downside Capture: 91.12%

Expense Ratio

ClearBridge Energy Midstream Opportunity Fund Inc./EMO Holdings 2026-04-08 has an expense ratio of 0.00%, meaning no management fees are charged. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

The portfolio doesn't include any funds that charge management fees.

Return for Risk

Risk / Return Rank

ClearBridge Energy Midstream Opportunity Fund Inc./EMO Holdings 2026-04-08 ranks 37 for risk / return — below 37% of Portfolios on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below presents risk-adjusted performance metrics for ClearBridge Energy Midstream Opportunity Fund Inc./EMO Holdings 2026-04-08 and compares them with S&P 500 Index.

	Portfolio	Benchmark	Difference
Sharpe ratioReturn per unit of total volatility	1.90	2.01	-0.11
Sortino ratioReturn per unit of downside risk	2.61	2.71	-0.10
Omega ratioGain probability vs. loss probability	1.32	1.36	-0.04
Calmar ratioReturn relative to maximum drawdown	3.89	2.69	+1.21
Martin ratioReturn relative to average drawdown	10.25	12.34	-2.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

Position	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
AM Antero Midstream Corporation	70	1.04	1.58	1.19	1.72	3.57
CQP Cheniere Energy Partners, L.P.	60	0.62	1.04	1.13	1.10	2.31
DKL Delek Logistics Partners, LP	80	1.43	2.03	1.25	2.98	8.62
ENB Enbridge Inc.	83	1.67	2.40	1.29	2.96	7.46
EPD Enterprise Products Partners L.P.	88	1.90	2.70	1.34	3.98	12.19
ET Energy Transfer LP	72	1.13	1.76	1.20	1.83	4.00
GEL Genesis Energy, L.P.	46	0.18	0.49	1.05	0.29	0.73
HESM Hess Midstream LP	51	0.41	0.69	1.09	0.38	0.78
KMI Kinder Morgan, Inc.	65	0.83	1.22	1.16	1.52	3.07
MPLX MPLX LP	75	1.23	1.76	1.21	2.49	5.84

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

ClearBridge Energy Midstream Opportunity Fund Inc./EMO Holdings 2026-04-08 Sharpe ratios as of Jun 6, 2026 (values are recalculated daily):

1-Year: 1.90
5-Year: 1.12
All Time: 0.54

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 1.64 to 2.53, this portfolio's current Sharpe ratio falls between the 25th and 75th percentiles. This indicates that its risk-adjusted performance is in line with the majority of portfolios, suggesting a balanced approach to risk and return—likely suitable for a wide range of investors.

The chart below shows the rolling Sharpe ratio of ClearBridge Energy Midstream Opportunity Fund Inc./EMO Holdings 2026-04-08 compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

ClearBridge Energy Midstream Opportunity Fund Inc./EMO Holdings 2026-04-08 provided a 5.51% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	5.51%	6.31%	6.13%	6.94%	6.85%	7.01%	10.34%	8.39%	7.76%	6.52%	5.66%	7.10%
Portfolio components:
AM Antero Midstream Corporation	4.18%	5.06%	5.96%	7.18%	8.34%	10.15%	15.95%	18.28%	7.53%	4.27%	3.14%	2.93%
CQP Cheniere Energy Partners, L.P.	5.07%	6.15%	5.06%	8.36%	6.82%	6.30%	7.28%	6.08%	6.07%	5.79%	5.90%	6.52%
DKL Delek Logistics Partners, LP	8.63%	9.97%	10.79%	9.56%	8.69%	8.71%	11.19%	10.51%	10.38%	8.80%	8.70%	6.05%
ENB Enbridge Inc.	4.93%	5.66%	6.28%	7.31%	6.80%	6.85%	7.55%	5.58%	6.68%	4.71%	4.13%	4.71%
EPD Enterprise Products Partners L.P.	5.79%	6.74%	6.63%	7.51%	7.79%	8.20%	9.09%	6.23%	6.97%	6.29%	5.88%	5.90%
ET Energy Transfer LP	6.88%	7.97%	6.51%	8.95%	7.33%	7.41%	17.27%	9.51%	9.24%	6.66%	5.90%	7.42%
GEL Genesis Energy, L.P.	4.41%	4.23%	6.08%	5.18%	5.88%	5.60%	16.10%	10.74%	11.37%	11.87%	7.54%	6.72%
HESM Hess Midstream LP	7.82%	8.41%	7.12%	7.50%	7.30%	6.93%	8.86%	6.89%	8.00%	2.93%	0.00%	0.00%
KMI Kinder Morgan, Inc.	3.71%	4.24%	4.18%	6.38%	6.10%	6.76%	7.59%	4.49%	4.71%	2.77%	2.41%	12.94%
MPLX MPLX LP	7.41%	7.39%	7.33%	8.65%	8.80%	11.30%	12.70%	10.41%	8.22%	6.23%	5.86%	4.33%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the ClearBridge Energy Midstream Opportunity Fund Inc./EMO Holdings 2026-04-08. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the ClearBridge Energy Midstream Opportunity Fund Inc./EMO Holdings 2026-04-08 was 69.70%, occurring on Mar 18, 2020. Recovery took 235 trading sessions.

The current ClearBridge Energy Midstream Opportunity Fund Inc./EMO Holdings 2026-04-08 drawdown is 4.16%.

Related event	Drawdown	Fall	Recovery	Underwater
COVID crash2020	-69.70%Mar 2020	1y 6mo	11mo 12d	2y 6moAug 2018 - Feb 2021
Bear market2022	-20.47%Jul 2022	28d	6mo 25d	7mo 23dJun 2022 - Jan 2023
2018 correction2018	-16.79%Mar 2018	11mo 21d	4mo	1y 3moApr 2017 - Jul 2018
2025 selloff2025	-16.04%Apr 2025	5d	9mo 10d	9mo 15dApr 2025 - Jan 2026
2021 correction2021	-14.61%Aug 2021	2mo 3d	1mo 23d	3mo 26dJun 2021 - Oct 2021

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 18 assets, with an effective number of assets of 18.00, reflecting the diversification based on asset allocation. Your capital is spread almost evenly across your holdings, indicating a well-balanced allocation. Note that true diversification also depends on the correlations between assets — check the diversification ratio below.

Diversification Ratio

	1Y	3Y	5Y	All Time
Diversification Ratio	1.46	1.39	1.31	1.27

The portfolio has a diversification ratio of 1.27, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.

ClearBridge Energy Midstream Opportunity Fund Inc./EMO Holdings 2026-04-08 correlation to the S&P 500 Index

ClearBridge Energy Midstream Opportunity Fund Inc./EMO Holdings 2026-04-08 has a 0.00 correlation to S&P 500 Index over the trailing 12 months. This section compares each holding's correlation to the benchmark and to the portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since Apr 6, 2017	0.47

Benchmark Correlations

Correlation vs. S&P 500 Index. OKE has the highest benchmark correlation at 0.45, while DKL has the lowest at 0.27.

0.27

0.27

0.30

0.31

0.32

0.34

0.36

0.37

0.38

0.38

0.38

0.39

0.40

0.41

0.41

0.43

0.45

Portfolio Correlations

Correlation vs. ClearBridge Energy Midstream Opportunity Fund Inc./EMO Holdings 2026-04-08. TRGP has the highest portfolio correlation at 0.83, while DKL has the lowest at 0.54.

0.54

0.60

0.62

0.63

0.66

0.67

0.72

0.74

WES

0.76

MPLX

0.77

0.78

0.79

0.79

0.80

0.82

0.83

0.83

0.83

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	DKL	SUN	CQP	TRP	HESM	GEL	ENB	AM	WES	MPLX	ET	EPD	WMB	KMI	PAA	PAGP	TRGP	OKE
DKL	1.00	0.32	0.34	0.31	0.33	0.41	0.33	0.35	0.38	0.38	0.38	0.39	0.37	0.38	0.39	0.38	0.39	0.38
SUN	0.32	1.00	0.40	0.37	0.39	0.42	0.38	0.40	0.45	0.47	0.49	0.46	0.46	0.45	0.49	0.48	0.45	0.47
CQP	0.34	0.40	1.00	0.36	0.41	0.47	0.39	0.43	0.49	0.47	0.46	0.49	0.47	0.47	0.47	0.47	0.47	0.48
TRP	0.31	0.37	0.36	1.00	0.39	0.39	0.73	0.44	0.42	0.44	0.45	0.47	0.57	0.58	0.45	0.47	0.49	0.53
HESM	0.33	0.39	0.41	0.39	1.00	0.43	0.42	0.51	0.50	0.49	0.51	0.52	0.53	0.52	0.51	0.53	0.55	0.57
GEL	0.41	0.42	0.47	0.39	0.43	1.00	0.42	0.48	0.57	0.54	0.52	0.55	0.51	0.51	0.58	0.57	0.54	0.53
ENB	0.33	0.38	0.39	0.73	0.42	0.42	1.00	0.47	0.46	0.48	0.48	0.52	0.59	0.63	0.49	0.51	0.53	0.59
AM	0.35	0.40	0.43	0.44	0.51	0.48	0.47	1.00	0.55	0.57	0.55	0.56	0.63	0.59	0.56	0.57	0.61	0.59
WES	0.38	0.45	0.49	0.42	0.50	0.57	0.46	0.55	1.00	0.61	0.59	0.60	0.55	0.56	0.63	0.62	0.62	0.59
MPLX	0.38	0.47	0.47	0.44	0.49	0.54	0.48	0.57	0.61	1.00	0.62	0.64	0.60	0.58	0.64	0.63	0.61	0.60
ET	0.38	0.49	0.46	0.45	0.51	0.52	0.48	0.55	0.59	0.62	1.00	0.65	0.60	0.60	0.65	0.65	0.65	0.64
EPD	0.39	0.46	0.49	0.47	0.52	0.55	0.52	0.56	0.60	0.64	0.65	1.00	0.61	0.64	0.66	0.66	0.64	0.66
WMB	0.37	0.46	0.47	0.57	0.53	0.51	0.59	0.63	0.55	0.60	0.60	0.61	1.00	0.77	0.61	0.63	0.72	0.72
KMI	0.38	0.45	0.47	0.58	0.52	0.51	0.63	0.59	0.56	0.58	0.60	0.64	0.77	1.00	0.61	0.63	0.71	0.75
PAA	0.39	0.49	0.47	0.45	0.51	0.58	0.49	0.56	0.63	0.64	0.65	0.66	0.61	0.61	1.00	0.94	0.68	0.66
PAGP	0.38	0.48	0.47	0.47	0.53	0.57	0.51	0.57	0.62	0.63	0.65	0.66	0.63	0.63	0.94	1.00	0.70	0.68
TRGP	0.39	0.45	0.47	0.49	0.55	0.54	0.53	0.61	0.62	0.61	0.65	0.64	0.72	0.71	0.68	0.70	1.00	0.79
OKE	0.38	0.47	0.48	0.53	0.57	0.53	0.59	0.59	0.59	0.60	0.64	0.66	0.72	0.75	0.66	0.68	0.79	1.00

The correlation results are calculated based on daily price changes starting from Apr 6, 2017

Diversification Analysis

Find what ClearBridge Energy Midstream Opportunity Fund Inc./EMO Holdings 2026-04-08 is missing

See which holdings overlap, where ClearBridge Energy Midstream Opportunity Fund Inc./EMO Holdings 2026-04-08 is concentrated, and which low-correlation assets could fill the gaps.

Analyze Diversification