EMLP vs. EINC
Compare and contrast key facts about First Trust North American Energy Infrastructure Fund (EMLP) and VanEck Energy Income ETF (EINC).
EMLP and EINC 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. EINC is a passively managed fund by VanEck that tracks the performance of the MVIS North America Energy Infrastructure Index. It was launched on Mar 13, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EMLP or EINC.
Key characteristics
| EMLP | EINC | |
|---|---|---|
| YTD Return | 33.31% | 44.95% |
| 1Y Return | 40.74% | 52.40% |
| 3Y Return (Ann) | 17.20% | 23.76% |
| 5Y Return (Ann) | 12.25% | 17.95% |
| 10Y Return (Ann) | 6.78% | -1.58% |
| Sharpe Ratio | 3.57 | 3.98 |
| Sortino Ratio | 4.95 | 5.30 |
| Omega Ratio | 1.65 | 1.69 |
| Calmar Ratio | 8.12 | 1.04 |
| Martin Ratio | 27.79 | 31.23 |
| Ulcer Index | 1.48% | 1.69% |
| Daily Std Dev | 11.56% | 13.34% |
| Max Drawdown | -43.61% | -87.56% |
| Current Drawdown | 0.00% | -25.52% |
Correlation
The correlation between EMLP and EINC is 0.72, 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.
Performance
EMLP vs. EINC - Performance Comparison
In the year-to-date period, EMLP achieves a 33.31% return, which is significantly lower than EINC's 44.95% return. Over the past 10 years, EMLP has outperformed EINC with an annualized return of 6.78%, while EINC has yielded a comparatively lower -1.58% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EMLP vs. EINC - Expense Ratio Comparison
EMLP has a 0.96% expense ratio, which is higher than EINC's 0.45% expense ratio.
Risk-Adjusted Performance
EMLP vs. EINC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust North American Energy Infrastructure Fund (EMLP) and VanEck Energy Income ETF (EINC). 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.
Dividends
EMLP vs. EINC - Dividend Comparison
EMLP's dividend yield for the trailing twelve months is around 3.11%, less than EINC's 3.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMLP First Trust North American Energy Infrastructure Fund | 3.11% | 3.92% | 3.15% | 3.29% | 4.70% | 3.71% | 4.71% | 3.80% | 3.62% | 4.63% | 3.08% | 3.30% |
EINC VanEck Energy Income ETF | 3.28% | 3.77% | 2.89% | 6.03% | 6.69% | 9.66% | 11.31% | 8.53% | 9.71% | 28.53% | 12.41% | 8.90% |
Drawdowns
EMLP vs. EINC - Drawdown Comparison
The maximum EMLP drawdown since its inception was -43.61%, smaller than the maximum EINC drawdown of -87.56%. Use the drawdown chart below to compare losses from any high point for EMLP and EINC. For additional features, visit the drawdowns tool.
Volatility
EMLP vs. EINC - Volatility Comparison
The current volatility for First Trust North American Energy Infrastructure Fund (EMLP) is 3.71%, while VanEck Energy Income ETF (EINC) has a volatility of 4.89%. This indicates that EMLP experiences smaller price fluctuations and is considered to be less risky than EINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.