EMLP vs. HMSIX
Compare and contrast key facts about First Trust North American Energy Infrastructure Fund (EMLP) and Hennessy Midstream Fund (HMSIX).
EMLP is an actively managed fund by First Trust. It was launched on Jun 21, 2012. HMSIX is managed by Hennessy. It was launched on Dec 30, 2013.
Performance
EMLP vs. HMSIX - Performance Comparison
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EMLP vs. HMSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EMLP First Trust North American Energy Infrastructure Fund | 16.08% | 9.67% | 33.39% | 8.05% | 10.39% | 23.20% | -13.36% | 23.40% | -8.78% |
HMSIX Hennessy Midstream Fund | 17.65% | -0.49% | 36.21% | 23.75% | 29.15% | 36.58% | -31.00% | 11.97% | -20.24% |
Returns By Period
In the year-to-date period, EMLP achieves a 16.08% return, which is significantly lower than HMSIX's 17.65% return.
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%
HMSIX
- 1D
- -0.63%
- 1M
- 4.11%
- YTD
- 17.65%
- 6M
- 18.55%
- 1Y
- 8.36%
- 3Y*
- 24.54%
- 5Y*
- 24.09%
- 10Y*
- —
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EMLP vs. HMSIX - Expense Ratio Comparison
EMLP has a 0.96% expense ratio, which is lower than HMSIX's 1.51% expense ratio.
Return for Risk
EMLP vs. HMSIX — Risk / Return Rank
EMLP
HMSIX
EMLP vs. HMSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust North American Energy Infrastructure Fund (EMLP) and Hennessy Midstream Fund (HMSIX). 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 | HMSIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 0.44 | +1.07 |
Sortino ratioReturn per unit of downside risk | 1.94 | 0.67 | +1.27 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.10 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 1.83 | 0.56 | +1.27 |
Martin ratioReturn relative to average drawdown | 8.54 | 0.94 | +7.60 |
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 | HMSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 0.44 | +1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 1.19 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.37 | +0.21 |
Correlation
The correlation between EMLP and HMSIX is 0.81, 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.
Dividends
EMLP vs. HMSIX - Dividend Comparison
EMLP's dividend yield for the trailing twelve months is around 2.75%, less than HMSIX's 7.29% 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% |
HMSIX Hennessy Midstream Fund | 7.29% | 8.42% | 7.74% | 9.70% | 10.84% | 12.61% | 15.17% | 9.10% | 4.67% | 0.00% | 0.00% | 0.00% |
Drawdowns
EMLP vs. HMSIX - Drawdown Comparison
The maximum EMLP drawdown since its inception was -43.61%, smaller than the maximum HMSIX drawdown of -68.43%. Use the drawdown chart below to compare losses from any high point for EMLP and HMSIX.
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Drawdown Indicators
| EMLP | HMSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.61% | -68.43% | +24.82% |
Max Drawdown (1Y)Largest decline over 1 year | -11.27% | -15.22% | +3.95% |
Max Drawdown (5Y)Largest decline over 5 years | -14.59% | -21.17% | +6.58% |
Max Drawdown (10Y)Largest decline over 10 years | -43.61% | — | — |
Current DrawdownCurrent decline from peak | -0.59% | -0.91% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -12.47% | +6.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 9.07% | -6.66% |
Volatility
EMLP vs. HMSIX - Volatility Comparison
The current volatility for First Trust North American Energy Infrastructure Fund (EMLP) is 2.80%, while Hennessy Midstream Fund (HMSIX) has a volatility of 4.23%. This indicates that EMLP experiences smaller price fluctuations and is considered to be less risky than HMSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMLP | HMSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 4.23% | -1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 6.79% | 10.22% | -3.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 19.24% | -5.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.46% | 20.26% | -5.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.72% | 29.62% | -11.90% |