DIVP vs. EIPI

Last updated Apr 1, 2026

Compare and contrast key facts about Cullen Enhanced Equity Income ETF (DIVP) and FT Energy Income Partners Enhanced Income ETF (EIPI).

DIVP and EIPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DIVP is an actively managed fund by Cullen. It was launched on Mar 6, 2024. EIPI is an actively managed fund by First Trust. It was launched on Sep 27, 2011.

Performance

DIVP vs. EIPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cullen Enhanced Equity Income ETF (DIVP) and FT Energy Income Partners Enhanced Income ETF (EIPI). The values are adjusted to include any dividend payments, if applicable.

DIVP vs. EIPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DIVP Cullen Enhanced Equity Income ETF	3.87%	7.76%	3.77%
EIPI FT Energy Income Partners Enhanced Income ETF	15.17%	12.38%	12.83%

Returns By Period

In the year-to-date period, DIVP achieves a 3.87% return, which is significantly lower than EIPI's 15.17% return.

DIVP

• 1D: 0.88%
• 1M: -3.84%
• YTD: 3.87%
• 6M: 6.12%
• 1Y: 5.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EIPI

• 1D: -0.49%
• 1M: 1.92%
• YTD: 15.17%
• 6M: 17.66%
• 1Y: 19.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DIVP vs. EIPI - Expense Ratio Comparison

DIVP has a 0.55% expense ratio, which is lower than EIPI's 1.11% expense ratio.

EIPI

FT Energy Income Partners Enhanced Income ETF

DIVP

Cullen Enhanced Equity Income ETF

Return for Risk

DIVP vs. EIPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DIVP

DIVP Risk / Return Rank: 24
DIVP Sharpe Ratio Rank: 24
DIVP Sortino Ratio Rank: 23
DIVP Omega Ratio Rank: 23
DIVP Calmar Ratio Rank: 26
DIVP Martin Ratio Rank: 25

EIPI

EIPI Risk / Return Rank: 72
EIPI Sharpe Ratio Rank: 76
EIPI Sortino Ratio Rank: 72
EIPI Omega Ratio Rank: 78
EIPI Calmar Ratio Rank: 64
EIPI Martin Ratio Rank: 69

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.

DIVP vs. EIPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cullen Enhanced Equity Income ETF (DIVP) and FT Energy Income Partners Enhanced Income ETF (EIPI). 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.

	DIVP	EIPI	Difference
Sharpe ratio Return per unit of total volatility	0.41	1.40	-0.98
Sortino ratio Return per unit of downside risk	0.66	1.82	-1.16
Omega ratio Gain probability vs. loss probability	1.09	1.30	-0.21
Calmar ratio Return relative to maximum drawdown	0.60	1.62	-1.02
Martin ratio Return relative to average drawdown	1.98	7.06	-5.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DIVP vs. EIPI - Sharpe Ratio Comparison

The current DIVP Sharpe Ratio is 0.41, which is lower than the EIPI Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of DIVP and EIPI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DIVP	EIPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.41	1.40	-0.98
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	1.68	-0.96

Correlation

The correlation between DIVP and EIPI is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

DIVP vs. EIPI - Dividend Comparison

DIVP's dividend yield for the trailing twelve months is around 5.90%, less than EIPI's 6.67% yield.

	TTM	2025	2024
DIVP Cullen Enhanced Equity Income ETF	5.90%	6.06%	5.92%
EIPI FT Energy Income Partners Enhanced Income ETF	6.67%	9.71%	6.31%

Drawdowns

DIVP vs. EIPI - Drawdown Comparison

The maximum DIVP drawdown since its inception was -12.26%, roughly equal to the maximum EIPI drawdown of -12.33%. Use the drawdown chart below to compare losses from any high point for DIVP and EIPI.

Drawdown Indicators

	DIVP	EIPI	Difference
Max Drawdown Largest peak-to-trough decline	-12.26%	-12.33%	+0.07%
Max Drawdown (1Y) Largest decline over 1 year	-11.01%	-12.33%	+1.32%
Current Drawdown Current decline from peak	-4.45%	-0.49%	-3.96%
Average Drawdown Average peak-to-trough decline	-2.44%	-1.68%	-0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.45%	2.82%	+0.63%

Volatility

DIVP vs. EIPI - Volatility Comparison

Cullen Enhanced Equity Income ETF (DIVP) has a higher volatility of 3.15% compared to FT Energy Income Partners Enhanced Income ETF (EIPI) at 2.58%. This indicates that DIVP's price experiences larger fluctuations and is considered to be riskier than EIPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVP	EIPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.15%	2.58%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	7.46%	6.88%	+0.58%
Volatility (1Y) Calculated over the trailing 1-year period	13.83%	13.97%	-0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.97%	13.24%	-1.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.97%	13.24%	-1.27%