EMLP Alternatives & Similar ETFs

First Trust North American Energy Infrastructure Fund (EMLP) belongs to the Infrastructure Equities 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 32 ETFs in the Infrastructure Equities category with lower expense ratios, going as low as 0.29%.

Symbol	Name	Expense Ratio	AUM	Inception
HWAY	Themes US Infrastructure ETF	0.29%	3.80M	Sep 2024	EMLP vs HWAY
IFRA	iShares U.S. Infrastructure ETF	0.30%	4.55B	Apr 2018	EMLP vs IFRA
UPGR	Xtrackers US Green Infrastructure Select Equity ET...	0.35%	612.04K	Jul 2023	EMLP vs UPGR
ENFR	Alerian Energy Infrastructure ETF	0.35%	519.57M	Oct 2013	EMLP vs ENFR
IGF	iShares Global Infrastructure ETF	0.39%	10.93B	Dec 2007	EMLP vs IGF

Best Risk-Adjusted Alternatives to EMLP

EMLP has a PortfoliosLab risk / return rank of 80. There are 2 ETFs in the Infrastructure Equities category with higher risk-adjusted ranks, going as high as 86.

Symbol	Name	Risk / Return Rank	AUM	Inception
PIPE	Invesco SteelPath MLP & Energy Infrastructure ETF	86	65.42M	Feb 2025	EMLP vs PIPE
BILT	iShares Infrastructure Active ETF	81	—	Jul 2025	EMLP vs BILT
BKGI	Bny Mellon Global Infrastructure Income ETF	80	1.31B	Nov 2022	EMLP vs BKGI
ENFR	Alerian Energy Infrastructure ETF	79	519.57M	Oct 2013	EMLP vs ENFR
USNG	Amplify Samsung U.S. Natural Gas Infrastructure ET...	76	9.23M	May 2025	EMLP vs USNG

Top Performing EMLP Alternatives (YTD)

EMLP is at 17.75% YTD. There are 8 ETFs in the Infrastructure Equities category with higher YTD returns, going as high as 29.62%.

Symbol	Name	YTD Return	AUM	Inception
PIPE	Invesco SteelPath MLP & Energy Infrastructure ETF	29.62%	65.42M	Feb 2025	EMLP vs PIPE
ENFR	Alerian Energy Infrastructure ETF	28.27%	519.57M	Oct 2013	EMLP vs ENFR
MLPX	Global X MLP & Energy Infrastructure ETF	26.75%	3.64B	Aug 2013	EMLP vs MLPX
MLPB	ETRACS Alerian MLP Infrastructure Index ETN Series...	26.62%	231.17M	Oct 2015	EMLP vs MLPB
USNG	Amplify Samsung U.S. Natural Gas Infrastructure ET...	25.43%	9.23M	May 2025	EMLP vs USNG

Lowest Volatility Alternatives to EMLP

EMLP has 10.36% 1-year volatility. There is 1 ETF in the Infrastructure Equities category with lower 1-year volatility, going as low as 10.31%.

Symbol	Name	Volatility 1Y	AUM	Inception
BILT	iShares Infrastructure Active ETF	10.31%	—	Jul 2025	EMLP vs BILT
NFRA	FlexShares STOXX Global Broad Infrastructure Index...	10.38%	3.00B	Oct 2013	EMLP vs NFRA
IGF	iShares Global Infrastructure ETF	10.69%	10.93B	Dec 2007	EMLP vs IGF
TOLZ	ProShares DJ Brookfield Global Infrastructure ETF	10.70%	176.36M	Mar 2014	EMLP vs TOLZ
RIFR	Russell Investments Global Infrastructure ETF	10.81%	—	May 2025	EMLP vs RIFR

Lowest Drawdown Alternatives to EMLP

EMLP has a 1-year max drawdown of -4.94%. No ETFs in the Infrastructure Equities category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as -5.18%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
TOLZ	ProShares DJ Brookfield Global Infrastructure ETF	-5.18%	176.36M	Mar 2014	EMLP vs TOLZ
BILT	iShares Infrastructure Active ETF	-5.38%	—	Jul 2025	EMLP vs BILT
IGF	iShares Global Infrastructure ETF	-5.87%	10.93B	Dec 2007	EMLP vs IGF
GII	SPDR S&P Global Infrastructure ETF	-5.94%	941.89M	Jan 2007	EMLP vs GII
BILD	Macquarie Global Listed Infrastructure ETF	-6.05%	6.30M	Nov 2023	EMLP vs BILD

Other ETFs from First Trust

The 10 most viewed First Trust ETFs shown here include CIBR, GRID, AIRR and span 16 categories. AUM among these funds goes as high as $25B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CIBR	First Trust NASDAQ Cybersecurity ETF	Cybersecurity, Technology Equities	39	28.86%	14.31B	Jul 2015	EMLP vs CIBR
GRID	First Trust NASDAQ Clean Edge Smart Grid Infrastru...	Infrastructure Equities, Alternative Energy Equities, Energy Equities	49	17.75%	11.67B	Nov 2009	EMLP vs GRID
AIRR	First Trust RBA American Industrial Renaissance ET...	Building & Construction	54	19.12%	10.18B	Mar 2014	EMLP vs AIRR
NFTY	First Trust India NIFTY 50 Equal Weight ETF	India Equities, Equal Weight, Asia Pacific Equities	8	-5.91%	118.19M	Feb 2012	EMLP vs NFTY
FDL	First Trust Morningstar Dividend Leaders Index Fun...	Large Cap Value Equities, Dividend	92	18.16%	7.77B	Mar 2006	EMLP vs FDL
IGLD	FT Vest Gold Strategy Target Income ETF	Gold, Derivative Income, Precious Metals	25	-6.56%	514.13M	Mar 2021	EMLP vs IGLD
FTXL	First Trust Nasdaq Semiconductor ETF	Semiconductors, Technology Equities	91	67.20%	1.27B	Sep 2016	EMLP vs FTXL
TDIV	First Trust NASDAQ Technology Dividend Index Fund	Technology Equities, Dividend	43	14.88%	4.18B	Aug 2012	EMLP vs TDIV
QCLN	First Trust NASDAQ Clean Edge Green Energy Index F...	Alternative Energy Equities, Energy Equities	39	10.48%	586.61M	Feb 2007	EMLP vs QCLN
RDVY	First Trust Rising Dividend Achievers ETF	Dividend, Large Cap Blend Equities	85	17.25%	24.89B	Jan 2014	EMLP vs RDVY

Often Compared With EMLP

Investors most often compare EMLP with MLPA, UMI, EINC. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
MLPA	Global X MLP ETF	MLPs	64	21.83%	2.29B	Apr 2012	EMLP vs MLPA
UMI	USCF Midstream Energy Income Fund ETF	Energy Equities	83	26.70%	509.11M	Mar 2021	EMLP vs UMI
EINC	VanEck Energy Income ETF	Energy Equities	83	28.58%	84.21M	Mar 2012	EMLP vs EINC
BN	Brookfield Corporation		35	-7.01%	—	—	EMLP vs BN
SPY	State Street SPDR S&P 500 ETF	S&P 500	67	10.13%	789.06B	Jan 1993	EMLP vs SPY
MPLX	MPLX LP		79	13.84%	—	—	EMLP vs MPLX
AMLP	Alerian MLP ETF	MLPs	66	22.35%	13.00B	Aug 2010	EMLP vs AMLP
SWPPX	Schwab S&P 500 Index Fund	Large Cap Blend Equities, S&P 500	63	9.35%	144.34B	May 1997	EMLP vs SWPPX
VOO	Vanguard S&P 500 ETF	S&P 500	68	10.16%	1.70T	Sep 2010	EMLP vs VOO
ITA	iShares U.S. Aerospace & Defense ETF	Aerospace & Defense, Industrials Equities	40	11.78%	14.10B	May 2006	EMLP vs ITA
HMSIX	Hennessy Midstream Fund	Energy Equities	50	18.54%	—	Dec 2013	EMLP vs HMSIX
AMZA	InfraCap MLP ETF	MLPs	47	30.46%	467.54M	Oct 2014	EMLP vs AMZA
ATMP	Barclays ETN+ Select MLP ETN	MLPs	68	26.22%	685.10M	Mar 2013	EMLP vs ATMP
XLE	State Street Energy Select Sector SPDR ETF	Energy Equities	76	35.03%	38.64B	Dec 1998	EMLP vs XLE
AMTR	ETRACS Alerian Midstream Energy Total Return Index...	MLPs	—	—	76.81M	Oct 2020	EMLP vs AMTR
AMUB	ETRACS Alerian MLP Index ETN Class B	MLPs	47	23.05%	39.20M	Oct 2015	EMLP vs AMUB
EMO	ClearBridge Energy Midstream Opportunity Fund	MLPs, Energy Equities	44	21.52%	—	Jun 2011	EMLP vs EMO
FLQL	Franklin LibertyQ U.S. Equity ETF	Large Cap Growth Equities	68	11.68%	2.04B	Apr 2017	EMLP vs FLQL
UTES	Virtus Reaves Utilities ETF	Utilities Equities	7	-1.07%	1.33B	Sep 2015	EMLP vs UTES
KNG	FT Vest S&P 500 Dividend Aristocrats Target Income...	Dividend, S&P 500	44	8.70%	3.53B	Mar 2018	EMLP vs KNG

Compare EMLP with Any Fund or Stock

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

Symbol name

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