EMLP vs. FDL
Compare and contrast key facts about First Trust North American Energy Infrastructure Fund (EMLP) and First Trust Morningstar Dividend Leaders Index Fund (FDL).
EMLP and FDL 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. FDL is a passively managed fund by First Trust that tracks the performance of the Morningstar Dividend Leaders Index. It was launched on Mar 9, 2006.
Performance
EMLP vs. FDL - Performance Comparison
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EMLP vs. FDL - 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% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 15.49% | 14.79% | 17.98% | 2.94% | 6.66% | 26.10% | -4.30% | 24.41% | -5.99% | 12.02% |
Returns By Period
The year-to-date returns for both stocks are quite close, with EMLP having a 16.08% return and FDL slightly lower at 15.49%. Both investments have delivered pretty close results over the past 10 years, with EMLP having a 11.51% annualized return and FDL not far ahead at 11.60%.
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%
FDL
- 1D
- 0.43%
- 1M
- 0.01%
- YTD
- 15.49%
- 6M
- 19.42%
- 1Y
- 21.84%
- 3Y*
- 18.00%
- 5Y*
- 14.12%
- 10Y*
- 11.60%
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EMLP vs. FDL - Expense Ratio Comparison
EMLP has a 0.96% expense ratio, which is higher than FDL's 0.45% expense ratio.
Return for Risk
EMLP vs. FDL — Risk / Return Rank
EMLP
FDL
EMLP vs. FDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust North American Energy Infrastructure Fund (EMLP) and First Trust Morningstar Dividend Leaders Index Fund (FDL). 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 | FDL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 1.47 | +0.03 |
Sortino ratioReturn per unit of downside risk | 1.94 | 2.06 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.29 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.83 | 1.96 | -0.13 |
Martin ratioReturn relative to average drawdown | 8.54 | 7.63 | +0.90 |
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 | FDL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 1.47 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 0.99 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.68 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.46 | +0.12 |
Correlation
The correlation between EMLP and FDL is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
EMLP vs. FDL - Dividend Comparison
EMLP's dividend yield for the trailing twelve months is around 2.75%, less than FDL's 3.61% 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% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 3.61% | 4.04% | 4.96% | 4.58% | 3.58% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.93% | 3.65% |
Drawdowns
EMLP vs. FDL - Drawdown Comparison
The maximum EMLP drawdown since its inception was -43.61%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for EMLP and FDL.
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Drawdown Indicators
| EMLP | FDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.61% | -65.93% | +22.32% |
Max Drawdown (1Y)Largest decline over 1 year | -11.27% | -11.58% | +0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -14.59% | -16.46% | +1.87% |
Max Drawdown (10Y)Largest decline over 10 years | -43.61% | -41.40% | -2.21% |
Current DrawdownCurrent decline from peak | -0.59% | -0.10% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -9.73% | +3.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 3.10% | -0.69% |
Volatility
EMLP vs. FDL - Volatility Comparison
First Trust North American Energy Infrastructure Fund (EMLP) has a higher volatility of 2.80% compared to First Trust Morningstar Dividend Leaders Index Fund (FDL) at 2.56%. This indicates that EMLP's price experiences larger fluctuations and is considered to be riskier than FDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMLP | FDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 2.56% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 6.79% | 8.16% | -1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 14.96% | -1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.46% | 14.31% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.72% | 17.09% | +0.63% |