BILD vs. EMLP
BILD (Macquarie Global Listed Infrastructure ETF) and EMLP (First Trust North American Energy Infrastructure Fund) are both Infrastructure Equities funds. Both are actively managed. Over the past year, BILD returned 14.12% vs 17.72% for EMLP. Their 0.59 correlation means they have sometimes moved together and sometimes differently. BILD charges 0.49%/yr vs 0.96%/yr for EMLP.
Performance
BILD vs. EMLP - Performance Comparison
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Returns By Period
In the year-to-date period, BILD achieves a 9.13% return, which is significantly lower than EMLP's 16.30% return.
BILD
- 1D
- -1.09%
- 1M
- -0.20%
- 6M
- 3.60%
- YTD
- 9.13%
- 1Y
- 14.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.34%
EMLP
- 1D
- -1.03%
- 1M
- 0.16%
- 6M
- 8.67%
- YTD
- 16.30%
- 1Y
- 17.72%
- 3Y*
- 20.64%
- 5Y*
- 16.18%
- 10Y*
- 9.89%
- ALL TIME*
- 9.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.68K | $25.00K | $12.93K | |
| $15.78M | $11.88M | $12.75M |
BILD vs. EMLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BILD Macquarie Global Listed Infrastructure ETF | 9.13% | 21.08% | -2.68% | 3.73% |
EMLP First Trust North American Energy Infrastructure Fund | 16.30% | 9.67% | 33.39% | 2.25% |
Correlation
The correlation between BILD and EMLP is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2023 | 0.59 |
The correlation between BILD and EMLP has been stable across timeframes, ranging from 0.59 to 0.63 - a consistent structural relationship.
BILD vs. EMLP - Sectors Allocation Comparison
Sectors
BILD
EMLP
Utilities
Industrials
Energy
Communication Services
-
Real Estate
-
Financial Services
-
Basic Materials
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Healthcare
-
-
Technology
-
-
Utilities
BILD
EMLP
Industrials
BILD
EMLP
Energy
BILD
EMLP
Communication Services
BILD
EMLP
-
Real Estate
BILD
EMLP
-
Financial Services
BILD
EMLP
-
Basic Materials
BILD
-
EMLP
Consumer Cyclical
BILD
-
EMLP
-
Consumer Defensive
BILD
-
EMLP
-
Healthcare
BILD
-
EMLP
-
Technology
BILD
-
EMLP
-
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Return for Risk
BILD vs. EMLP — Risk / Return Rank
BILD
EMLP
BILD vs. EMLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Macquarie Global Listed Infrastructure ETF (BILD) and First Trust North American Energy Infrastructure Fund (EMLP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BILD | EMLP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.29 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 3.60 | -1.26 |
| Martin ratioReturn relative to average drawdown | 5.56 | 10.38 | -4.82 |
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Drawdowns
BILD vs. EMLP - Drawdown Comparison
The maximum BILD drawdown since its inception was -14.78%, smaller than the maximum EMLP drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for BILD and EMLP.
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Drawdown Indicators
| BILD | EMLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.78% | -43.61% | +28.83% |
Max Drawdown (1Y)Largest decline over 1 year | -6.05% | -4.94% | -1.11% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.47% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.61% | — |
Current DrawdownCurrent decline from peak | -3.37% | -3.14% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -5.71% | +2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 1.71% | +0.84% |
Volatility
BILD vs. EMLP - Volatility Comparison
The current volatility for Macquarie Global Listed Infrastructure ETF (BILD) is 2.91%, while First Trust North American Energy Infrastructure Fund (EMLP) has a volatility of 3.26%. This indicates that BILD experiences smaller price fluctuations and is considered to be less risky than EMLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BILD | EMLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.91% | 3.26% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 9.10% | 8.35% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.98% | 10.37% | +0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.07% | 14.49% | -1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.07% | 17.68% | -4.61% |
BILD vs. EMLP - Expense Ratio Comparison
BILD has a 0.49% expense ratio, which is lower than EMLP's 0.96% expense ratio.
Dividends
BILD vs. EMLP - Dividend Comparison
BILD's dividend yield for the trailing twelve months is around 4.73%, more than EMLP's 2.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BILD Macquarie Global Listed Infrastructure ETF | 4.73% | 3.05% | 5.53% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EMLP First Trust North American Energy Infrastructure Fund | 2.80% | 3.18% | 3.19% | 3.92% | 3.15% | 3.29% | 4.70% | 3.71% | 4.71% | 3.80% | 3.62% | 4.63% |
Frequently Asked Questions
BILD and EMLP have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMLP has higher volatility (3.26%) compared to BILD (2.91%). In terms of maximum drawdown, BILD dropped -14.78% vs EMLP's -43.61%.
On 1-year performance, EMLP leads with 17.72% vs 14.12% for BILD. On fees, BILD is cheaper at 0.49% per year. On volatility, BILD has been the lower-risk option at 2.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EMLP has performed better with a 17.72% return vs 14.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BILD is cheaper with a 0.49% expense ratio, compared with 0.96% for EMLP.
BILD has the higher dividend yield at 4.73%, compared with 2.80% for EMLP.
They also come from different issuers: Macquarie and First Trust. Their fees differ too: 0.49% for BILD and 0.96% for EMLP.
EMLP currently has the higher Sharpe Ratio (1.72 vs 1.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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