EMO vs. MLPLX
Compare and contrast key facts about ClearBridge Energy Midstream Opportunity Fund (EMO) and Invesco SteelPath MLP Alpha Plus Fund Class A (MLPLX).
EMO is an actively managed fund by Franklin Templeton. It was launched on Jun 10, 2011. MLPLX is an actively managed fund by Invesco. It was launched on Feb 6, 2012.
Performance
EMO vs. MLPLX - Performance Comparison
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EMO vs. MLPLX - 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% |
MLPLX Invesco SteelPath MLP Alpha Plus Fund Class A | 24.85% | 4.36% | 47.10% | 25.02% | 38.31% | 55.18% | -46.03% | 8.79% | -21.09% | -11.18% |
Returns By Period
In the year-to-date period, EMO achieves a 20.88% return, which is significantly lower than MLPLX's 24.85% return. Over the past 10 years, EMO has underperformed MLPLX with an annualized return of 9.52%, while MLPLX has yielded a comparatively higher 12.01% 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%
MLPLX
- 1D
- -0.68%
- 1M
- 4.13%
- YTD
- 24.85%
- 6M
- 28.08%
- 1Y
- 19.00%
- 3Y*
- 32.02%
- 5Y*
- 33.16%
- 10Y*
- 12.01%
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EMO vs. MLPLX - Expense Ratio Comparison
EMO has a 13.90% expense ratio, which is lower than MLPLX's 17.25% expense ratio.
Return for Risk
EMO vs. MLPLX — Risk / Return Rank
EMO
MLPLX
EMO vs. MLPLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearBridge Energy Midstream Opportunity Fund (EMO) and Invesco SteelPath MLP Alpha Plus Fund Class A (MLPLX). 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 | MLPLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 0.86 | +0.04 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.18 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.07 | 0.96 | +0.10 |
Martin ratioReturn relative to average drawdown | 3.23 | 2.19 | +1.04 |
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 | MLPLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 0.86 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.25 | 1.32 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.34 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.19 | -0.07 |
Correlation
The correlation between EMO and MLPLX 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
EMO vs. MLPLX - Dividend Comparison
EMO's dividend yield for the trailing twelve months is around 8.11%, more than MLPLX's 4.78% 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% |
MLPLX Invesco SteelPath MLP Alpha Plus Fund Class A | 4.78% | 5.70% | 4.42% | 5.92% | 6.79% | 8.75% | 22.54% | 14.33% | 13.67% | 9.68% | 7.88% | 9.20% |
Drawdowns
EMO vs. MLPLX - Drawdown Comparison
The maximum EMO drawdown since its inception was -95.06%, which is greater than MLPLX's maximum drawdown of -88.76%. Use the drawdown chart below to compare losses from any high point for EMO and MLPLX.
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Drawdown Indicators
| EMO | MLPLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.06% | -88.76% | -6.30% |
Max Drawdown (1Y)Largest decline over 1 year | -18.81% | -18.61% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -28.59% | -27.21% | -1.38% |
Max Drawdown (10Y)Largest decline over 10 years | -93.02% | -85.02% | -8.00% |
Current DrawdownCurrent decline from peak | -2.55% | -1.09% | -1.46% |
Average DrawdownAverage peak-to-trough decline | -32.27% | -29.30% | -2.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.22% | 8.17% | -1.95% |
Volatility
EMO vs. MLPLX - Volatility Comparison
ClearBridge Energy Midstream Opportunity Fund (EMO) has a higher volatility of 4.63% compared to Invesco SteelPath MLP Alpha Plus Fund Class A (MLPLX) at 4.20%. This indicates that EMO's price experiences larger fluctuations and is considered to be riskier than MLPLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMO | MLPLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 4.20% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 11.12% | 11.08% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.39% | 22.04% | -0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.78% | 25.38% | +1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.41% | 35.79% | +5.62% |