EMLP Alternatives & Similar ETFs

First Trust North American Energy Infrastructure Fund (EMLP) belongs to the MLPs category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with EMLP. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to EMLP

EMLP charges 0.96% annually. There are 7 ETFs in the MLPs category with lower expense ratios, going as low as 0.45%.

Symbol	Name	Expense Ratio	AUM	Inception
MLPX	Global X MLP & Energy Infrastructure ETF	0.45%	3.40B	Aug 2013	EMLP vs MLPX
MLPI	NEOS MLP & Energy Infrastructure High Income ETF	0.68%	657.68M	Dec 2025	EMLP vs MLPI
MLPA	Global X MLP ETF	0.77%	2.08B	Apr 2012	EMLP vs MLPA
AMUB	ETRACS Alerian MLP Index ETN Class B	0.80%	35.92M	Oct 2015	EMLP vs AMUB
MLPB	ETRACS Alerian MLP Infrastructure Index ETN Series...	0.85%	213.97M	Oct 2015	EMLP vs MLPB

Best Risk-Adjusted Alternatives to EMLP

EMLP has a PortfoliosLab risk / return rank of 70. No ETFs in the MLPs category have higher risk-adjusted ranks; the top alternatives shown here go as high as 55.

Symbol	Name	Risk / Return Rank	AUM	Inception
MLPX	Global X MLP & Energy Infrastructure ETF	55	3.40B	Aug 2013	EMLP vs MLPX
ATMP	Barclays ETN+ Select MLP ETN	43	627.41M	Mar 2013	EMLP vs ATMP
MLPB	ETRACS Alerian MLP Infrastructure Index ETN Series...	39	213.97M	Oct 2015	EMLP vs MLPB
MLPA	Global X MLP ETF	36	2.08B	Apr 2012	EMLP vs MLPA
AMLP	Alerian MLP ETF	35	11.93B	Aug 2010	EMLP vs AMLP

Top Performing EMLP Alternatives (YTD)

EMLP is at 16.16% YTD. There are 5 ETFs in the MLPs category with higher YTD returns, going as high as 25.35%.

Symbol	Name	YTD Return	AUM	Inception
MLPX	Global X MLP & Energy Infrastructure ETF	25.35%	3.40B	Aug 2013	EMLP vs MLPX
AMZA	InfraCap MLP ETF	22.69%	437.98M	Oct 2014	EMLP vs AMZA
ATMP	Barclays ETN+ Select MLP ETN	20.30%	627.41M	Mar 2013	EMLP vs ATMP
MLPI	NEOS MLP & Energy Infrastructure High Income ETF	19.61%	657.68M	Dec 2025	EMLP vs MLPI
MLPB	ETRACS Alerian MLP Infrastructure Index ETN Series...	17.00%	213.97M	Oct 2015	EMLP vs MLPB

Lowest Volatility Alternatives to EMLP

EMLP has 9.97% 1-year volatility. No ETFs in the MLPs category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 12.11%.

Symbol	Name	Volatility 1Y	AUM	Inception
AMLP	Alerian MLP ETF	12.11%	11.93B	Aug 2010	EMLP vs AMLP
MLPA	Global X MLP ETF	12.14%	2.08B	Apr 2012	EMLP vs MLPA
MLPI	NEOS MLP & Energy Infrastructure High Income ETF	13.05%	657.68M	Dec 2025	EMLP vs MLPI
MLPB	ETRACS Alerian MLP Infrastructure Index ETN Series...	13.70%	213.97M	Oct 2015	EMLP vs MLPB
AMUB	ETRACS Alerian MLP Index ETN Class B	13.85%	35.92M	Oct 2015	EMLP vs AMUB

Lowest Drawdown Alternatives to EMLP

EMLP has a 1-year max drawdown of -4.94%. No ETFs in the MLPs category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as -8.18%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
MLPX	Global X MLP & Energy Infrastructure ETF	-8.18%	3.40B	Aug 2013	EMLP vs MLPX
ATMP	Barclays ETN+ Select MLP ETN	-8.30%	627.41M	Mar 2013	EMLP vs ATMP
MLPA	Global X MLP ETF	-8.33%	2.08B	Apr 2012	EMLP vs MLPA
AMLP	Alerian MLP ETF	-8.94%	11.93B	Aug 2010	EMLP vs AMLP
MLPB	ETRACS Alerian MLP Infrastructure Index ETN Series...	-9.68%	213.97M	Oct 2015	EMLP vs MLPB

Other ETFs from First Trust

The 10 most viewed First Trust ETFs shown here include CIBR, GRID, NFTY and span 13 categories. AUM among these funds goes as high as $14B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CIBR	First Trust NASDAQ Cybersecurity ETF	Cybersecurity, Technology Equities	18	18.06%	13.59B	Jul 2015	EMLP vs CIBR
GRID	First Trust NASDAQ Clean Edge Smart Grid Infrastru...	Alternative Energy Equities	65	23.40%	11.60B	Nov 2009	EMLP vs GRID
NFTY	First Trust India NIFTY 50 Equal Weight ETF	Asia Pacific Equities, Equal Weight	5	-7.30%	136.58M	Feb 2012	EMLP vs NFTY
AIRR	First Trust RBA American Industrial Renaissance ET...	Building & Construction	79	31.81%	11.14B	Mar 2014	EMLP vs AIRR
FDL	First Trust Morningstar Dividend Leaders Index Fun...	Large Cap Value Equities, Dividend	69	12.67%	9.22B	Mar 2006	EMLP vs FDL
IGLD	FT Vest Gold Strategy Target Income ETF	Gold, Derivative Income, Precious Metals	18	-5.55%	543.16M	Mar 2021	EMLP vs IGLD
FTXL	First Trust Nasdaq Semiconductor ETF	Semiconductors, Technology Equities	96	111.02%	2.89B	Sep 2016	EMLP vs FTXL
TDIV	First Trust NASDAQ Technology Dividend Index Fund	Technology Equities, Dividend	53	19.03%	4.90B	Aug 2012	EMLP vs TDIV
QCLN	First Trust NASDAQ Clean Edge Green Energy Index F...	Alternative Energy Equities	78	37.20%	880.41M	Feb 2007	EMLP vs QCLN
KNG	FT Vest S&P 500 Dividend Aristocrats Target Income...	Dividend, S&P 500	27	4.84%	3.32B	Mar 2018	EMLP vs KNG

Often Compared With EMLP

Investors most often compare EMLP with ENFR, UMI, EINC. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ENFR	Alerian Energy Infrastructure ETF	Energy Equities	57	24.93%	460.50M	Oct 2013	EMLP vs ENFR
UMI	USCF Midstream Energy Income Fund ETF	Energy Equities	62	23.69%	472.15M	Mar 2021	EMLP vs UMI
EINC	VanEck Energy Income ETF	Energy Equities	64	25.97%	130.24M	Mar 2012	EMLP vs EINC
BN	Brookfield Corporation		53	-3.93%	—	—	EMLP vs BN
SPY	State Street SPDR S&P 500 ETF	S&P 500	59	8.15%	765.27B	Jan 1993	EMLP vs SPY
MPLX	MPLX LP		79	12.34%	—	—	EMLP vs MPLX
SWPPX	Schwab S&P 500 Index Fund	Large Cap Blend Equities, S&P 500	65	9.75%	143.85B	May 1997	EMLP vs SWPPX
VOO	Vanguard S&P 500 ETF	S&P 500	59	8.19%	1.70T	Sep 2010	EMLP vs VOO
ITA	iShares U.S. Aerospace & Defense ETF	Aerospace & Defense, Industrials Equities	38	10.04%	14.21B	May 2006	EMLP vs ITA
HMSIX	Hennessy Midstream Fund	Energy Equities	21	15.65%	—	Dec 2013	EMLP vs HMSIX
EMO	ClearBridge Energy Midstream Opportunity Fund	MLPs, Energy Equities	23	16.33%	—	Jun 2011	EMLP vs EMO
XLE	State Street Energy Select Sector SPDR ETF	Energy Equities	42	23.49%	36.84B	Dec 1998	EMLP vs XLE
REMX	VanEck Rare Earth and Strategic Metals ETF	Rare Earth & Strategic Metals	80	24.22%	2.96B	Oct 2010	EMLP vs REMX
AMTR	ETRACS Alerian Midstream Energy Total Return Index...	MLPs	—	—	76.81M	Oct 2020	EMLP vs AMTR
FLQL	Franklin LibertyQ U.S. Equity ETF	Large Cap Growth Equities	67	11.18%	2.04B	Apr 2017	EMLP vs FLQL
FRDM	Freedom 100 Emerging Markets ETF	Emerging Markets Diversified	90	39.87%	2.93B	May 2019	EMLP vs FRDM
UTES	Virtus Reaves Utilities ETF	Utilities Equities	17	5.02%	1.40B	Sep 2015	EMLP vs UTES
FSENX	Fidelity Select Energy Portfolio	Energy Equities	41	26.95%	—	Jul 1981	EMLP vs FSENX
AGZD	WisdomTree Interest Rate Hedged U.S. Aggregate Bon...	Nontraditional Bonds	77	2.29%	116.65M	Dec 2013	EMLP vs AGZD
PPA	Invesco Aerospace & Defense ETF	Aerospace & Defense, Industrials Equities	38	9.76%	8.26B	Oct 2005	EMLP vs PPA

Compare EMLP with Any Fund or Stock

Compare EMLP with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair EMLP with funds that move differently

First Trust North American Energy Infrastructure Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EMLP.

Explore EMLP Diversifiers

First Trust North American Energy Infrastructure Fund (EMLP) Alternatives