EMO vs. MLPA
Compare and contrast key facts about ClearBridge Energy Midstream Opportunity Fund (EMO) and Global X MLP ETF (MLPA).
EMO is an actively managed fund by Franklin Templeton. It was launched on Jun 10, 2011. MLPA is a passively managed fund by Global X that tracks the performance of the Solactive MLP Infrastructure Index. It was launched on Apr 18, 2012.
Performance
EMO vs. MLPA - Performance Comparison
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EMO vs. MLPA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMO ClearBridge Energy Midstream Opportunity Fund | 20.88% | 7.38% | 44.45% | 31.76% | 40.13% | 74.70% | -64.47% | 19.60% | -25.73% | 0.07% |
MLPA Global X MLP ETF | 13.45% | 5.73% | 20.35% | 15.93% | 27.03% | 39.64% | -33.97% | 11.91% | -15.71% | -8.31% |
Returns By Period
In the year-to-date period, EMO achieves a 20.88% return, which is significantly higher than MLPA's 13.45% return. Over the past 10 years, EMO has outperformed MLPA with an annualized return of 9.52%, while MLPA has yielded a comparatively lower 8.14% annualized return.
EMO
- 1D
- -0.92%
- 1M
- 2.78%
- YTD
- 20.88%
- 6M
- 23.15%
- 1Y
- 19.30%
- 3Y*
- 34.99%
- 5Y*
- 33.19%
- 10Y*
- 9.52%
MLPA
- 1D
- -1.37%
- 1M
- 0.67%
- YTD
- 13.45%
- 6M
- 15.77%
- 1Y
- 9.41%
- 3Y*
- 17.72%
- 5Y*
- 18.64%
- 10Y*
- 8.14%
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EMO vs. MLPA - Expense Ratio Comparison
EMO has a 13.90% expense ratio, which is higher than MLPA's 0.46% expense ratio.
Return for Risk
EMO vs. MLPA — Risk / Return Rank
EMO
MLPA
EMO vs. MLPA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearBridge Energy Midstream Opportunity Fund (EMO) and Global X MLP ETF (MLPA). 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 | MLPA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 0.59 | +0.32 |
Sortino ratioReturn per unit of downside risk | 1.28 | 0.86 | +0.42 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.12 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.07 | 0.63 | +0.44 |
Martin ratioReturn relative to average drawdown | 3.23 | 1.56 | +1.67 |
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 | MLPA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 0.59 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.25 | 1.02 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.30 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.16 | -0.04 |
Correlation
The correlation between EMO and MLPA is 0.80, 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. MLPA - Dividend Comparison
EMO's dividend yield for the trailing twelve months is around 8.11%, more than MLPA's 7.15% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMO ClearBridge Energy Midstream Opportunity Fund | 8.11% | 9.41% | 7.16% | 6.79% | 6.71% | 6.71% | 15.82% | 10.94% | 16.39% | 10.85% | 9.76% | 11.88% |
MLPA Global X MLP ETF | 7.15% | 7.82% | 7.25% | 7.49% | 7.30% | 8.72% | 13.84% | 9.09% | 10.00% | 8.05% | 7.15% | 9.29% |
Drawdowns
EMO vs. MLPA - Drawdown Comparison
The maximum EMO drawdown since its inception was -95.06%, which is greater than MLPA's maximum drawdown of -78.75%. Use the drawdown chart below to compare losses from any high point for EMO and MLPA.
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Drawdown Indicators
| EMO | MLPA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.06% | -78.75% | -16.31% |
Max Drawdown (1Y)Largest decline over 1 year | -18.81% | -14.20% | -4.61% |
Max Drawdown (5Y)Largest decline over 5 years | -28.59% | -18.75% | -9.84% |
Max Drawdown (10Y)Largest decline over 10 years | -93.02% | -74.05% | -18.97% |
Current DrawdownCurrent decline from peak | -2.55% | -2.87% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -32.27% | -20.50% | -11.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.22% | 5.73% | +0.49% |
Volatility
EMO vs. MLPA - Volatility Comparison
ClearBridge Energy Midstream Opportunity Fund (EMO) has a higher volatility of 4.63% compared to Global X MLP ETF (MLPA) at 3.34%. This indicates that EMO's price experiences larger fluctuations and is considered to be riskier than MLPA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMO | MLPA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 3.34% | +1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 11.12% | 7.92% | +3.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.39% | 16.09% | +5.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.78% | 18.41% | +8.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.41% | 27.64% | +13.77% |