EMO vs. MLPX
Compare and contrast key facts about ClearBridge Energy Midstream Opportunity Fund (EMO) and Global X MLP & Energy Infrastructure ETF (MLPX).
EMO is an actively managed fund by Franklin Templeton. It was launched on Jun 10, 2011. MLPX is a passively managed fund by Global X that tracks the performance of the Solactive MLP & Energy Infrastructure Index. It was launched on Aug 7, 2013.
Performance
EMO vs. MLPX - Performance Comparison
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EMO vs. MLPX - 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% |
MLPX Global X MLP & Energy Infrastructure ETF | 23.52% | 4.96% | 42.90% | 15.77% | 21.54% | 39.63% | -20.32% | 19.04% | -15.64% | -4.53% |
Returns By Period
In the year-to-date period, EMO achieves a 20.88% return, which is significantly lower than MLPX's 23.52% return. Over the past 10 years, EMO has underperformed MLPX with an annualized return of 9.52%, while MLPX has yielded a comparatively higher 14.53% 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%
MLPX
- 1D
- -0.98%
- 1M
- 3.80%
- YTD
- 23.52%
- 6M
- 20.89%
- 1Y
- 21.69%
- 3Y*
- 29.25%
- 5Y*
- 24.62%
- 10Y*
- 14.53%
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EMO vs. MLPX - Expense Ratio Comparison
EMO has a 13.90% expense ratio, which is higher than MLPX's 0.45% expense ratio.
Return for Risk
EMO vs. MLPX — Risk / Return Rank
EMO
MLPX
EMO vs. MLPX - 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 & Energy Infrastructure ETF (MLPX). 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 | MLPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 1.15 | -0.25 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.51 | -0.23 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.07 | 1.44 | -0.38 |
Martin ratioReturn relative to average drawdown | 3.23 | 4.48 | -1.25 |
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 | MLPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 1.15 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.25 | 1.24 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.55 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.36 | -0.24 |
Correlation
The correlation between EMO and MLPX 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. MLPX - Dividend Comparison
EMO's dividend yield for the trailing twelve months is around 8.11%, more than MLPX's 4.06% 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% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.06% | 4.88% | 4.30% | 5.22% | 5.23% | 5.98% | 8.32% | 5.78% | 5.77% | 4.36% | 5.50% | 4.81% |
Drawdowns
EMO vs. MLPX - Drawdown Comparison
The maximum EMO drawdown since its inception was -95.06%, which is greater than MLPX's maximum drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for EMO and MLPX.
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Drawdown Indicators
| EMO | MLPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.06% | -70.67% | -24.39% |
Max Drawdown (1Y)Largest decline over 1 year | -18.81% | -14.92% | -3.89% |
Max Drawdown (5Y)Largest decline over 5 years | -28.59% | -19.72% | -8.87% |
Max Drawdown (10Y)Largest decline over 10 years | -93.02% | -64.70% | -28.32% |
Current DrawdownCurrent decline from peak | -2.55% | -2.01% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -32.27% | -16.81% | -15.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.22% | 4.81% | +1.41% |
Volatility
EMO vs. MLPX - Volatility Comparison
ClearBridge Energy Midstream Opportunity Fund (EMO) has a higher volatility of 4.63% compared to Global X MLP & Energy Infrastructure ETF (MLPX) at 3.63%. This indicates that EMO's price experiences larger fluctuations and is considered to be riskier than MLPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMO | MLPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 3.63% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 11.12% | 10.35% | +0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.39% | 18.88% | +2.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.78% | 20.00% | +6.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.41% | 26.59% | +14.82% |