EMLP vs. ATMP
EMLP (First Trust North American Energy Infrastructure Fund) and ATMP (Barclays ETN+ Select MLP ETN) are both MLPs funds. EMLP is actively managed, while ATMP is passively managed. Over the past 10 years, EMLP returned 10.24%/yr vs 4.90%/yr for ATMP. Their correlation of 0.80 suggests significant overlap in exposure. EMLP charges 0.96%/yr vs 0.95%/yr for ATMP.
Performance
EMLP vs. ATMP - Performance Comparison
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Returns By Period
In the year-to-date period, EMLP achieves a 14.62% return, which is significantly lower than ATMP's 20.02% return. Over the past 10 years, EMLP has outperformed ATMP with an annualized return of 10.24%, while ATMP has yielded a comparatively lower 4.90% annualized return.
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%
ATMP
- 1D
- 0.07%
- 1M
- -2.32%
- YTD
- 20.02%
- 6M
- 19.57%
- 1Y
- 18.01%
- 3Y*
- 21.17%
- 5Y*
- 15.87%
- 10Y*
- 4.90%
EMLP vs. ATMP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMLP First Trust North American Energy Infrastructure Fund | 14.62% | 9.67% | 33.39% | 8.05% | 10.39% | 23.20% | -13.36% | 23.40% | -8.70% | 1.07% |
ATMP Barclays ETN+ Select MLP ETN | 20.02% | 1.73% | 31.66% | 14.51% | 20.71% | 33.06% | -34.39% | 0.39% | -14.55% | -11.89% |
Correlation
The correlation between EMLP and ATMP is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2013 | 0.80 |
The correlation between EMLP and ATMP has been stable across timeframes, ranging from 0.77 to 0.82 - a consistent structural relationship.
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Return for Risk
EMLP vs. ATMP — Risk / Return Rank
EMLP
ATMP
EMLP vs. ATMP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust North American Energy Infrastructure Fund (EMLP) and Barclays ETN+ Select MLP ETN (ATMP). 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 | ATMP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.23 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.82 | 2.51 | +1.30 |
| Martin ratioReturn relative to average drawdown | 12.42 | 6.16 | +6.26 |
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 | ATMP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 1.31 | +0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.07 | 0.72 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.18 | +0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.09 | +0.48 |
Drawdowns
EMLP vs. ATMP - Drawdown Comparison
The maximum EMLP drawdown since its inception was -43.61%, smaller than the maximum ATMP drawdown of -80.86%. Use the drawdown chart below to compare losses from any high point for EMLP and ATMP.
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Drawdown Indicators
| EMLP | ATMP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.61% | -80.86% | +37.25% |
Max Drawdown (1Y)Largest decline over 1 year | -4.94% | -7.26% | +2.32% |
Max Drawdown (3Y)Largest decline over 3 years | -11.47% | -16.48% | +5.01% |
Max Drawdown (5Y)Largest decline over 5 years | -14.59% | -22.98% | +8.39% |
Max Drawdown (10Y)Largest decline over 10 years | -43.61% | -75.66% | +32.05% |
Current DrawdownCurrent decline from peak | -3.62% | -6.07% | +2.45% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -31.15% | +25.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 2.95% | -1.43% |
Volatility
EMLP vs. ATMP - Volatility Comparison
The current volatility for First Trust North American Energy Infrastructure Fund (EMLP) is 4.10%, while Barclays ETN+ Select MLP ETN (ATMP) has a volatility of 5.61%. This indicates that EMLP experiences smaller price fluctuations and is considered to be less risky than ATMP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMLP | ATMP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | 5.61% | -1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 7.87% | 10.72% | -2.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.97% | 14.00% | -4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.53% | 22.23% | -7.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.69% | 27.68% | -9.99% |
EMLP vs. ATMP - Expense Ratio Comparison
EMLP has a 0.96% expense ratio, which is higher than ATMP's 0.95% expense ratio.
Dividends
EMLP vs. ATMP - Dividend Comparison
EMLP's dividend yield for the trailing twelve months is around 2.79%, while ATMP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATMP Barclays ETN+ Select MLP 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
EMLP and ATMP have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ATMP has higher volatility (5.61%) compared to EMLP (4.10%). In terms of maximum drawdown, EMLP dropped -43.61% vs ATMP's -80.86%.
On 10-year performance, EMLP leads with 10.24% vs 4.90% for ATMP. On fees, ATMP is cheaper at 0.95% per year. On volatility, EMLP has been the lower-risk option at 4.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EMLP has performed better with a 10.24% return vs 4.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ATMP is cheaper with a 0.95% expense ratio, compared with 0.96% for EMLP.
EMLP has the higher dividend yield at 2.79%, compared with 0.00% for ATMP.
They also come from different issuers: First Trust and Barclays Capital. Their fees differ too: 0.96% for EMLP and 0.95% for ATMP.
EMLP currently has the higher Sharpe Ratio (1.89 vs 1.31), 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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