EMLP vs. AMLP
Compare and contrast key facts about First Trust North American Energy Infrastructure Fund (EMLP) and Alerian MLP ETF (AMLP).
EMLP and AMLP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMLP is an actively managed fund by First Trust. It was launched on Jun 21, 2012. AMLP is a passively managed fund by SS&C that tracks the performance of the Alerian MLP Infrastructure Index. It was launched on Aug 23, 2010.
Performance
EMLP vs. AMLP - Performance Comparison
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EMLP vs. AMLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMLP First Trust North American Energy Infrastructure Fund | 16.08% | 9.67% | 33.39% | 8.05% | 10.39% | 23.20% | -13.36% | 23.40% | -8.70% | 1.07% |
AMLP Alerian MLP ETF | 14.20% | 5.78% | 22.76% | 21.40% | 25.47% | 39.09% | -32.26% | 5.99% | -12.67% | -7.89% |
Returns By Period
In the year-to-date period, EMLP achieves a 16.08% return, which is significantly higher than AMLP's 14.20% return. Over the past 10 years, EMLP has outperformed AMLP with an annualized return of 11.51%, while AMLP has yielded a comparatively lower 8.63% annualized return.
EMLP
- 1D
- -0.59%
- 1M
- 0.43%
- YTD
- 16.08%
- 6M
- 15.69%
- 1Y
- 20.09%
- 3Y*
- 22.08%
- 5Y*
- 17.72%
- 10Y*
- 11.51%
AMLP
- 1D
- -1.16%
- 1M
- 1.15%
- YTD
- 14.20%
- 6M
- 16.89%
- 1Y
- 9.93%
- 3Y*
- 20.27%
- 5Y*
- 20.38%
- 10Y*
- 8.63%
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EMLP vs. AMLP - Expense Ratio Comparison
EMLP has a 0.96% expense ratio, which is higher than AMLP's 0.90% expense ratio.
Return for Risk
EMLP vs. AMLP — Risk / Return Rank
EMLP
AMLP
EMLP vs. AMLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust North American Energy Infrastructure Fund (EMLP) and Alerian MLP ETF (AMLP). 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.
| EMLP | AMLP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 0.62 | +0.89 |
Sortino ratioReturn per unit of downside risk | 1.94 | 0.89 | +1.04 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.13 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.83 | 0.68 | +1.15 |
Martin ratioReturn relative to average drawdown | 8.54 | 1.72 | +6.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMLP | AMLP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 0.62 | +0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 1.02 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.31 | +0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.22 | +0.36 |
Correlation
The correlation between EMLP and AMLP is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EMLP vs. AMLP - Dividend Comparison
EMLP's dividend yield for the trailing twelve months is around 2.75%, less than AMLP's 7.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMLP First Trust North American Energy Infrastructure Fund | 2.75% | 3.18% | 3.19% | 3.92% | 3.15% | 3.29% | 4.70% | 3.71% | 4.71% | 3.80% | 3.62% | 4.63% |
AMLP Alerian MLP ETF | 7.54% | 8.36% | 7.70% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.29% | 7.97% | 8.09% | 9.84% |
Drawdowns
EMLP vs. AMLP - Drawdown Comparison
The maximum EMLP drawdown since its inception was -43.61%, smaller than the maximum AMLP drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for EMLP and AMLP.
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Drawdown Indicators
| EMLP | AMLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.61% | -77.19% | +33.58% |
Max Drawdown (1Y)Largest decline over 1 year | -11.27% | -14.27% | +3.00% |
Max Drawdown (5Y)Largest decline over 5 years | -14.59% | -20.92% | +6.33% |
Max Drawdown (10Y)Largest decline over 10 years | -43.61% | -72.62% | +29.01% |
Current DrawdownCurrent decline from peak | -0.59% | -2.17% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -17.57% | +11.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 5.60% | -3.19% |
Volatility
EMLP vs. AMLP - Volatility Comparison
First Trust North American Energy Infrastructure Fund (EMLP) and Alerian MLP ETF (AMLP) have volatilities of 2.80% and 2.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMLP | AMLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 2.92% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 6.79% | 7.86% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 16.08% | -2.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.46% | 20.18% | -5.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.72% | 27.84% | -10.12% |