EMO vs. HMSFX
Compare and contrast key facts about ClearBridge Energy Midstream Opportunity Fund (EMO) and Hennessy Midstream Fund Investor Class (HMSFX).
EMO is an actively managed fund by Franklin Templeton. It was launched on Jun 10, 2011. HMSFX is a passively managed fund by Hennessy that tracks the performance of the Alerian US Midstream Energy Index. It was launched on Dec 31, 2013.
Performance
EMO vs. HMSFX - Performance Comparison
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EMO vs. HMSFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EMO ClearBridge Energy Midstream Opportunity Fund | 16.71% | 7.38% | 44.45% | 31.76% | 40.13% | 74.70% | -64.47% | 19.60% | -30.74% |
HMSFX Hennessy Midstream Fund Investor Class | 17.51% | -0.76% | 35.85% | 23.50% | 28.88% | 36.22% | -31.21% | 11.77% | -20.36% |
Returns By Period
The year-to-date returns for both investments are quite close, with EMO having a 16.71% return and HMSFX slightly higher at 17.51%.
EMO
- 1D
- -3.45%
- 1M
- -3.66%
- YTD
- 16.71%
- 6M
- 19.20%
- 1Y
- 14.50%
- 3Y*
- 33.42%
- 5Y*
- 32.26%
- 10Y*
- 9.14%
HMSFX
- 1D
- -0.67%
- 1M
- 4.04%
- YTD
- 17.51%
- 6M
- 18.36%
- 1Y
- 8.02%
- 3Y*
- 24.20%
- 5Y*
- 23.77%
- 10Y*
- —
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EMO vs. HMSFX - Expense Ratio Comparison
EMO has a 13.90% expense ratio, which is higher than HMSFX's 1.75% expense ratio.
Return for Risk
EMO vs. HMSFX — Risk / Return Rank
EMO
HMSFX
EMO vs. HMSFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearBridge Energy Midstream Opportunity Fund (EMO) and Hennessy Midstream Fund Investor Class (HMSFX). 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.
| EMO | HMSFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 0.42 | +0.25 |
Sortino ratioReturn per unit of downside risk | 1.00 | 0.65 | +0.35 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.10 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.81 | 0.53 | +0.28 |
Martin ratioReturn relative to average drawdown | 2.44 | 0.88 | +1.55 |
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
| EMO | HMSFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.42 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 1.18 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.36 | -0.25 |
Correlation
The correlation between EMO and HMSFX is 0.84, 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
EMO vs. HMSFX - Dividend Comparison
EMO's dividend yield for the trailing twelve months is around 8.40%, more than HMSFX's 7.72% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMO ClearBridge Energy Midstream Opportunity Fund | 8.40% | 9.41% | 7.16% | 6.79% | 6.71% | 6.71% | 15.82% | 10.94% | 16.39% | 10.85% | 9.76% | 11.88% |
HMSFX Hennessy Midstream Fund Investor Class | 7.72% | 8.89% | 8.12% | 10.11% | 11.23% | 12.99% | 15.54% | 9.26% | 4.74% | 0.00% | 0.00% | 0.00% |
Drawdowns
EMO vs. HMSFX - Drawdown Comparison
The maximum EMO drawdown since its inception was -95.06%, which is greater than HMSFX's maximum drawdown of -68.50%. Use the drawdown chart below to compare losses from any high point for EMO and HMSFX.
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Drawdown Indicators
| EMO | HMSFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.06% | -68.50% | -26.56% |
Max Drawdown (1Y)Largest decline over 1 year | -18.81% | -15.26% | -3.55% |
Max Drawdown (5Y)Largest decline over 5 years | -28.59% | -21.17% | -7.42% |
Max Drawdown (10Y)Largest decline over 10 years | -93.02% | — | — |
Current DrawdownCurrent decline from peak | -5.90% | -0.89% | -5.01% |
Average DrawdownAverage peak-to-trough decline | -32.26% | -12.63% | -19.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.23% | 9.17% | -2.94% |
Volatility
EMO vs. HMSFX - Volatility Comparison
ClearBridge Energy Midstream Opportunity Fund (EMO) has a higher volatility of 5.53% compared to Hennessy Midstream Fund Investor Class (HMSFX) at 4.26%. This indicates that EMO's price experiences larger fluctuations and is considered to be riskier than HMSFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMO | HMSFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.53% | 4.26% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 11.68% | 10.31% | +1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.67% | 19.31% | +2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.82% | 20.25% | +6.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.42% | 29.61% | +11.81% |