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EMLP vs. FTSD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EMLP vs. FTSD

Last updated Jun 4, 2026

EMLP (First Trust North American Energy Infrastructure Fund) and FTSD (Franklin Short Duration U.S. Government ETF) are both exchange-traded funds - EMLP is a MLPs fund actively managed by First Trust, while FTSD is a Mortgage Backed Securities fund actively managed by Franklin Templeton. Both are actively managed. Over the past 10 years, EMLP returned 10.24%/yr vs 2.05%/yr for FTSD. At a 0.03 correlation, their price movements are largely independent. EMLP charges 0.96%/yr vs 0.25%/yr for FTSD.

Performance

EMLP vs. FTSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust North American Energy Infrastructure Fund (EMLP) and Franklin Short Duration U.S. Government ETF (FTSD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EMLP achieves a 14.62% return, which is significantly higher than FTSD's 0.80% return. Over the past 10 years, EMLP has outperformed FTSD with an annualized return of 10.24%, while FTSD has yielded a comparatively lower 2.05% 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%

FTSD

1D
-0.12%
1M
0.17%
YTD
0.80%
6M
1.30%
1Y
4.31%
3Y*
4.98%
5Y*
2.46%
10Y*
2.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EMLP vs. FTSD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
FTSD
Franklin Short Duration U.S. Government ETF		0.80%5.66%5.20%4.84%-3.13%-0.90%3.13%2.40%1.64%0.63%

Correlation

The correlation between EMLP and FTSD is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.14

Correlation (3Y)
Calculated over the trailing 3-year period

0.01

Correlation (5Y)
Calculated over the trailing 5-year period

0.04

Correlation (10Y)
Calculated over the trailing 10-year period

0.03

Correlation (All Time)
Calculated using the full available price history since Nov 6, 2013

0.03

The correlation between EMLP and FTSD shifts across timeframes, from -0.14 (1 year) to 0.04 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust North American Energy Infrastructure Fund

Franklin Short Duration U.S. Government ETF

Often compared with EMLP:
EMLP vs. ENFREMLP vs. UMIEMLP vs. MLPAEMLP vs. EINCEMLP vs. BNEMLP vs. SPYEMLP vs. MPLX
Often compared with FTSD:
FTSD vs. USFRFTSD vs. SGOVFTSD vs. PULSFTSD vs. FLRTFTSD vs. SPIBFTSD vs. FXAIXFTSD vs. SCHO

Return for Risk

EMLP vs. FTSD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EMLP
EMLP Risk / Return Rank: 6161
Overall Rank
EMLP Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
EMLP Sortino Ratio Rank: 5757
Sortino Ratio Rank
EMLP Omega Ratio Rank: 5151
Omega Ratio Rank
EMLP Calmar Ratio Rank: 7575
Calmar Ratio Rank
EMLP Martin Ratio Rank: 6767
Martin Ratio Rank
FTSD
FTSD Risk / Return Rank: 9595
Overall Rank
FTSD Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
FTSD Sortino Ratio Rank: 9595
Sortino Ratio Rank
FTSD Omega Ratio Rank: 9494
Omega Ratio Rank
FTSD Calmar Ratio Rank: 9696
Calmar Ratio Rank
FTSD Martin Ratio Rank: 9696
Martin Ratio Rank
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. FTSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust North American Energy Infrastructure Fund (EMLP) and Franklin Short Duration U.S. Government ETF (FTSD). 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.

EMLPFTSDDifference
Sharpe ratioReturn per unit of total volatility
1.89
3.30

-1.41

Sortino ratioReturn per unit of downside risk
2.73
5.27

-2.55

Omega ratioGain probability vs. loss probability

1.32

1.69

-0.37

Calmar ratioReturn relative to maximum drawdown

3.82

9.59

-5.78

Martin ratioReturn relative to average drawdown

12.42

38.36

-25.95

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMLP vs. FTSD - Sharpe Ratio Comparison

The current EMLP Sharpe Ratio is 1.89, which is lower than the FTSD Sharpe Ratio of 3.30. The chart below compares the historical Sharpe Ratios of EMLP and FTSD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

EMLPFTSDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.89

3.30

-1.41

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.07

1.33

-0.26

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.58

1.15

-0.57

Sharpe Ratio (All Time)

Calculated using the full available price history

0.57

1.04

-0.48

Drawdowns

EMLP vs. FTSD - Drawdown Comparison

The maximum EMLP drawdown since its inception was -43.61%, which is greater than FTSD's maximum drawdown of -5.32%. Use the drawdown chart below to compare losses from any high point for EMLP and FTSD.

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Drawdown Indicators

EMLPFTSDDifference

Max Drawdown

Largest peak-to-trough decline

-43.61%

-5.32%

-38.29%

Max Drawdown (1Y)

Largest decline over 1 year

-4.94%

-0.45%

-4.49%

Max Drawdown (3Y)

Largest decline over 3 years

-11.47%

-0.93%

-10.54%

Max Drawdown (5Y)

Largest decline over 5 years

-14.59%

-5.04%

-9.55%

Max Drawdown (10Y)

Largest decline over 10 years

-43.61%

-5.32%

-38.29%

Current Drawdown

Current decline from peak

-3.62%

-0.12%

-3.50%

Average Drawdown

Average peak-to-trough decline

-5.76%

-0.60%

-5.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.52%

0.11%

+1.41%

Volatility

EMLP vs. FTSD - Volatility Comparison

First Trust North American Energy Infrastructure Fund (EMLP) has a higher volatility of 4.10% compared to Franklin Short Duration U.S. Government ETF (FTSD) at 0.51%. This indicates that EMLP's price experiences larger fluctuations and is considered to be riskier than FTSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EMLPFTSDDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.10%

0.51%

+3.59%

Volatility (6M)

Calculated over the trailing 6-month period

7.87%

1.03%

+6.84%

Volatility (1Y)

Calculated over the trailing 1-year period

9.97%

1.31%

+8.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.53%

1.85%

+12.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.69%

1.79%

+15.90%

EMLP vs. FTSD - Expense Ratio Comparison

EMLP has a 0.96% expense ratio, which is higher than FTSD's 0.25% expense ratio.

Dividends

EMLP vs. FTSD - Dividend Comparison

EMLP's dividend yield for the trailing twelve months is around 2.79%, less than FTSD's 4.50% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
FTSD
Franklin Short Duration U.S. Government ETF		4.50%4.67%4.75%4.14%1.73%1.01%1.54%2.90%2.63%2.24%1.92%1.52%

Frequently Asked Questions

EMLP and FTSD have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EMLP has higher volatility (4.10%) compared to FTSD (0.51%). In terms of maximum drawdown, EMLP dropped -43.61% vs FTSD's -5.32%.

On 10-year performance, EMLP leads with 10.24% vs 2.05% for FTSD. On fees, FTSD is cheaper at 0.25% per year. On volatility, FTSD has been the lower-risk option at 0.51%. 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 2.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FTSD is cheaper with a 0.25% expense ratio, compared with 0.96% for EMLP.

FTSD has the higher dividend yield at 4.50%, compared with 2.79% for EMLP.

EMLP is categorized as MLPs, while FTSD is Mortgage Backed Securities. They also come from different issuers: First Trust and Franklin Templeton. Their fees differ too: 0.96% for EMLP and 0.25% for FTSD.

FTSD currently has the higher Sharpe Ratio (3.30 vs 1.89), 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.

Portfolio Optimizer

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