EIPI vs. PEO

Last updated Jun 24, 2026

EIPI (FT Energy Income Partners Enhanced Income ETF) and PEO (Adams Natural Resources Closed Fund) are both funds - EIPI is a Derivative Income fund actively managed by First Trust, while PEO is a Energy Equities fund actively managed by Adams Funds. Both are actively managed. Over the past year, EIPI returned 21.10% vs 24.20% for PEO. A 0.63 correlation means they provide meaningful diversification when combined. EIPI charges 1.11%/yr vs 0.64%/yr for PEO.

Performance

EIPI vs. PEO - Performance Comparison

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

Returns By Period

In the year-to-date period, EIPI achieves a 14.45% return, which is significantly lower than PEO's 18.52% return.

EIPI

• 1D: 1.28%
• 1M: -2.69%
• YTD: 14.45%
• 6M: 15.14%
• 1Y: 21.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PEO

• 1D: 0.77%
• 1M: -6.32%
• YTD: 18.52%
• 6M: 18.19%
• 1Y: 24.20%
• 3Y*: 17.64%
• 5Y*: 17.01%
• 10Y*: 9.52%

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

EIPI vs. PEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EIPI FT Energy Income Partners Enhanced Income ETF	14.45%	12.38%	13.14%
PEO Adams Natural Resources Closed Fund	18.52%	9.98%	1.07%

Correlation

The correlation between EIPI and PEO is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (All Time) Calculated using the full available price history since May 6, 2024	0.63

The correlation between EIPI and PEO has been stable across timeframes, ranging from 0.61 to 0.63 - a consistent structural relationship.

Return for Risk

EIPI vs. PEO — Risk / Return Rank

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

EIPI

EIPI Risk / Return Rank: 76
EIPI Sharpe Ratio Rank: 73
EIPI Sortino Ratio Rank: 78
EIPI Omega Ratio Rank: 66
EIPI Calmar Ratio Rank: 85
EIPI Martin Ratio Rank: 78

PEO

PEO Risk / Return Rank: 27
PEO Sharpe Ratio Rank: 27
PEO Sortino Ratio Rank: 23
PEO Omega Ratio Rank: 25
PEO Calmar Ratio Rank: 33
PEO Martin Ratio Rank: 29

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.

EIPI vs. PEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Energy Income Partners Enhanced Income ETF (EIPI) and Adams Natural Resources Closed Fund (PEO). 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.

	EIPI	PEO	Difference
Sharpe ratio: Return per unit of total volatility	2.19	1.38	+0.81
Sortino ratio: Return per unit of downside risk	3.22	1.88	+1.34
Omega ratio: Gain probability vs. loss probability	1.37	1.24	+0.13
Calmar ratio: Return relative to maximum drawdown	4.44	2.04	+2.40
Martin ratio: Return relative to average drawdown	14.04	6.31	+7.72

EIPI vs. PEO - Sharpe Ratio Comparison

The current EIPI Sharpe Ratio is 2.19, which is higher than the PEO Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of EIPI and PEO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EIPI vs. PEO - Drawdown Comparison

The maximum EIPI drawdown since its inception was -12.33%, smaller than the maximum PEO drawdown of -71.88%. Use the drawdown chart below to compare losses from any high point for EIPI and PEO.

Drawdown Indicators

	EIPI	PEO	Difference
Max Drawdown Largest peak-to-trough decline	-12.33%	-71.88%	+59.55%
Max Drawdown (1Y) Largest decline over 1 year	-4.77%	-11.93%	+7.16%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.86%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.30%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-67.74%	—
Current Drawdown Current decline from peak	-2.70%	-10.96%	+8.26%
Average Drawdown Average peak-to-trough decline	-1.70%	-15.31%	+13.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.51%	3.85%	-2.34%

Volatility

EIPI vs. PEO - Volatility Comparison

The current volatility for FT Energy Income Partners Enhanced Income ETF (EIPI) is 3.51%, while Adams Natural Resources Closed Fund (PEO) has a volatility of 5.41%. This indicates that EIPI experiences smaller price fluctuations and is considered to be less risky than PEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EIPI	PEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.51%	5.41%	-1.90%
Volatility (6M) Calculated over the trailing 6-month period	7.43%	14.73%	-7.30%
Volatility (1Y) Calculated over the trailing 1-year period	9.69%	17.70%	-8.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.03%	23.37%	-10.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.03%	27.33%	-14.30%

EIPI vs. PEO - Expense Ratio Comparison

EIPI has a 1.11% expense ratio, which is higher than PEO's 0.64% expense ratio.

Dividends

EIPI vs. PEO - Dividend Comparison

EIPI's dividend yield for the trailing twelve months is around 6.79%, less than PEO's 8.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIPI FT Energy Income Partners Enhanced Income ETF	6.79%	9.71%	6.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PEO Adams Natural Resources Closed Fund	8.12%	9.43%	8.14%	6.54%	7.48%	5.51%	6.42%	6.68%	5.63%	5.95%	5.65%	7.78%

Frequently Asked Questions

Can I hold both EIPI and PEO in my portfolio?

EIPI and PEO have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EIPI or PEO?

PEO has higher volatility (5.41%) compared to EIPI (3.51%). In terms of maximum drawdown, EIPI dropped -12.33% vs PEO's -71.88%.

Which has better risk-adjusted returns?

EIPI currently has the higher Sharpe Ratio (2.19 vs 1.38), 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.