EMLP vs. AMTR

Last updated Jun 4, 2026

EMLP (First Trust North American Energy Infrastructure Fund) and AMTR (ETRACS Alerian Midstream Energy Total Return Index ETN) are both MLPs funds. EMLP is actively managed, while AMTR is passively managed. A 0.74 correlation means they provide meaningful diversification when combined. EMLP charges 0.96%/yr vs 0.75%/yr for AMTR.

Performance

EMLP vs. AMTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust North American Energy Infrastructure Fund (EMLP) and ETRACS Alerian Midstream Energy Total Return Index ETN (AMTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EMLP

• 1D: -0.07%
• 1M: -3.08%
• YTD: 14.62%
• 6M: 13.20%
• 1Y: 18.77%
• 3Y*: 21.22%
• 5Y*: 15.47%
• 10Y*: 10.24%

AMTR

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EMLP vs. AMTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EMLP First Trust North American Energy Infrastructure Fund	14.62%	9.67%	33.39%	8.05%	10.39%	23.20%	5.16%
AMTR ETRACS Alerian Midstream Energy Total Return Index ETN	0.00%	0.00%	44.68%	12.75%	20.41%	36.99%	15.24%

Correlation

The correlation between EMLP and AMTR is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Oct 22, 2020	0.74

The correlation between EMLP and AMTR shifts across timeframes, from 0.56 (3 years) to 0.74 (all time), reflecting how their relationship changes across market environments.

EMLP vs. AMTR - Sectors Allocation Comparison

Sectors	EMLP	AMTR
Energy	48.1%	0.0%
Utilities	47.4%	0.0%
Industrials	3.9%	0.0%
Basic Materials	0.6%	0.0%
Communication Services	-	0.0%
Consumer Cyclical	-	0.0%
Consumer Defensive	-	0.0%
Financial Services	-	0.0%
Healthcare	-	0.0%
Real Estate	-	0.0%
Technology	-	0.0%

Return for Risk

EMLP vs. AMTR — Risk / Return Rank

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

EMLP

EMLP Risk / Return Rank: 61
EMLP Sharpe Ratio Rank: 55
EMLP Sortino Ratio Rank: 57
EMLP Omega Ratio Rank: 51
EMLP Calmar Ratio Rank: 75
EMLP Martin Ratio Rank: 67

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.

EMLP vs. AMTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust North American Energy Infrastructure Fund (EMLP) and ETRACS Alerian Midstream Energy Total Return Index ETN (AMTR). 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	AMTR	Difference
Sharpe ratio Return per unit of total volatility	1.89	—	—
Sortino ratio Return per unit of downside risk	2.73	—	—
Omega ratio Gain probability vs. loss probability	1.32	—	—
Calmar ratio Return relative to maximum drawdown	3.82	—	—
Martin ratio Return relative to average drawdown	12.42	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	EMLP	AMTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.07	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	—	—

Drawdowns

Drawdown Indicators

	EMLP	AMTR	Difference
Max Drawdown Largest peak-to-trough decline	-43.61%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-4.94%	—	—
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 Drawdown Current decline from peak	-3.62%	—	—
Average Drawdown Average peak-to-trough decline	-5.76%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	—	—

Volatility

Volatility by Period

	EMLP	AMTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.10%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.87%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.97%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.53%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.69%	—	—

EMLP vs. AMTR - Expense Ratio Comparison

EMLP has a 0.96% expense ratio, which is higher than AMTR's 0.75% expense ratio.

Dividends

EMLP vs. AMTR - Dividend Comparison

EMLP's dividend yield for the trailing twelve months is around 2.79%, while AMTR has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMTR ETRACS Alerian Midstream Energy Total Return Index ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EMLP First Trust North American Energy Infrastructure Fund	2.79%	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

Can I hold both EMLP and AMTR in my portfolio?

EMLP and AMTR have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EMLP or AMTR?

On fees, AMTR is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EMLP or AMTR?

AMTR is cheaper with a 0.75% expense ratio, compared with 0.96% for EMLP.

Which ETF pays a higher dividend yield, EMLP or AMTR?

EMLP has the higher dividend yield at 2.79%, compared with 0.00% for AMTR.

What is the main difference between EMLP and AMTR?

They also come from different issuers: First Trust and UBS. Their fees differ too: 0.96% for EMLP and 0.75% for AMTR.