EMLP vs. ITA
Compare and contrast key facts about First Trust North American Energy Infrastructure Fund (EMLP) and iShares U.S. Aerospace & Defense ETF (ITA).
EMLP and ITA 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. ITA is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Aerospace & Defense Index. It was launched on May 5, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EMLP or ITA.
Key characteristics
| EMLP | ITA | |
|---|---|---|
| YTD Return | 33.31% | 24.98% |
| 1Y Return | 40.74% | 39.32% |
| 3Y Return (Ann) | 17.20% | 14.90% |
| 5Y Return (Ann) | 12.25% | 7.67% |
| 10Y Return (Ann) | 6.78% | 12.15% |
| Sharpe Ratio | 3.57 | 2.77 |
| Sortino Ratio | 4.95 | 3.67 |
| Omega Ratio | 1.65 | 1.52 |
| Calmar Ratio | 8.12 | 5.68 |
| Martin Ratio | 27.79 | 18.13 |
| Ulcer Index | 1.48% | 2.25% |
| Daily Std Dev | 11.56% | 14.74% |
| Max Drawdown | -43.61% | -59.72% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between EMLP and ITA is 0.53, 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.
Performance
EMLP vs. ITA - Performance Comparison
In the year-to-date period, EMLP achieves a 33.31% return, which is significantly higher than ITA's 24.98% return. Over the past 10 years, EMLP has underperformed ITA with an annualized return of 6.78%, while ITA has yielded a comparatively higher 12.15% 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. ITA - Expense Ratio Comparison
EMLP has a 0.96% expense ratio, which is higher than ITA's 0.42% expense ratio.
Risk-Adjusted Performance
EMLP vs. ITA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust North American Energy Infrastructure Fund (EMLP) and iShares U.S. Aerospace & Defense ETF (ITA). 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. ITA - Dividend Comparison
EMLP's dividend yield for the trailing twelve months is around 3.11%, more than ITA's 0.78% 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% |
ITA iShares U.S. Aerospace & Defense ETF | 0.78% | 0.93% | 0.95% | 0.82% | 1.07% | 1.54% | 1.13% | 0.91% | 1.07% | 1.04% | 1.21% | 1.13% |
Drawdowns
EMLP vs. ITA - Drawdown Comparison
The maximum EMLP drawdown since its inception was -43.61%, smaller than the maximum ITA drawdown of -59.72%. Use the drawdown chart below to compare losses from any high point for EMLP and ITA. For additional features, visit the drawdowns tool.
Volatility
EMLP vs. ITA - Volatility Comparison
The current volatility for First Trust North American Energy Infrastructure Fund (EMLP) is 3.71%, while iShares U.S. Aerospace & Defense ETF (ITA) has a volatility of 6.86%. This indicates that EMLP experiences smaller price fluctuations and is considered to be less risky than ITA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.