EMLP vs. KNG
Compare and contrast key facts about First Trust North American Energy Infrastructure Fund (EMLP) and FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG).
EMLP and KNG 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. KNG is a passively managed fund by First Trust that tracks the performance of the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series. It was launched on Mar 26, 2018.
Performance
EMLP vs. KNG - Performance Comparison
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EMLP vs. KNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EMLP First Trust North American Energy Infrastructure Fund | 15.65% | 9.67% | 33.39% | 8.05% | 10.39% | 23.20% | -13.36% | 23.40% | 2.27% |
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF | 1.22% | 6.63% | 5.99% | 7.48% | -7.03% | 24.78% | 7.21% | 26.64% | -0.84% |
Returns By Period
In the year-to-date period, EMLP achieves a 15.65% return, which is significantly higher than KNG's 1.22% return.
EMLP
- 1D
- -0.37%
- 1M
- -0.50%
- YTD
- 15.65%
- 6M
- 15.51%
- 1Y
- 19.02%
- 3Y*
- 21.93%
- 5Y*
- 17.63%
- 10Y*
- 11.46%
KNG
- 1D
- -0.02%
- 1M
- -6.54%
- YTD
- 1.22%
- 6M
- 3.22%
- 1Y
- 5.13%
- 3Y*
- 6.52%
- 5Y*
- 5.64%
- 10Y*
- —
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EMLP vs. KNG - Expense Ratio Comparison
EMLP has a 0.96% expense ratio, which is higher than KNG's 0.75% expense ratio.
Return for Risk
EMLP vs. KNG — Risk / Return Rank
EMLP
KNG
EMLP vs. KNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust North American Energy Infrastructure Fund (EMLP) and FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG). 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 | KNG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 0.38 | +1.05 |
Sortino ratioReturn per unit of downside risk | 1.85 | 0.64 | +1.21 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.08 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 1.74 | 0.47 | +1.27 |
Martin ratioReturn relative to average drawdown | 8.14 | 1.70 | +6.44 |
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 | KNG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 0.38 | +1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 0.42 | +0.81 |
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 | 0.49 | +0.09 |
Correlation
The correlation between EMLP and KNG is 0.66, 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. KNG - Dividend Comparison
EMLP's dividend yield for the trailing twelve months is around 2.76%, less than KNG's 8.67% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMLP First Trust North American Energy Infrastructure Fund | 2.76% | 3.18% | 3.19% | 3.92% | 3.15% | 3.29% | 4.70% | 3.71% | 4.71% | 3.80% | 3.62% | 4.63% |
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF | 8.67% | 8.61% | 9.08% | 5.91% | 4.00% | 3.45% | 3.62% | 4.09% | 3.46% | 0.00% | 0.00% | 0.00% |
Drawdowns
EMLP vs. KNG - Drawdown Comparison
The maximum EMLP drawdown since its inception was -43.61%, which is greater than KNG's maximum drawdown of -35.12%. Use the drawdown chart below to compare losses from any high point for EMLP and KNG.
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Drawdown Indicators
| EMLP | KNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.61% | -35.12% | -8.49% |
Max Drawdown (1Y)Largest decline over 1 year | -11.27% | -10.55% | -0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -14.59% | -18.20% | +3.61% |
Max Drawdown (10Y)Largest decline over 10 years | -43.61% | — | — |
Current DrawdownCurrent decline from peak | -0.96% | -6.79% | +5.83% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -4.10% | -1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 2.94% | -0.52% |
Volatility
EMLP vs. KNG - Volatility Comparison
The current volatility for First Trust North American Energy Infrastructure Fund (EMLP) is 2.80%, while FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) has a volatility of 3.36%. This indicates that EMLP experiences smaller price fluctuations and is considered to be less risky than KNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMLP | KNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 3.36% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 6.81% | 7.47% | -0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 13.64% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.46% | 13.63% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.72% | 17.30% | +0.42% |