LULG vs. EMLP
LULG (Leverage Shares 2X Long LULU Daily ETF) and EMLP (First Trust North American Energy Infrastructure Fund) are both exchange-traded funds - LULG is a Leveraged Equities fund actively managed by Leverage Shares, while EMLP is a MLPs fund actively managed by First Trust. Both are actively managed. At a correlation of -0.08, they often move in opposite directions. LULG charges 0.75%/yr vs 0.96%/yr for EMLP.
Performance
LULG vs. EMLP - Performance Comparison
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Returns By Period
In the year-to-date period, LULG achieves a -76.82% return, which is significantly lower than EMLP's 16.16% return.
LULG
- 1D
- 6.69%
- 1M
- -29.31%
- YTD
- -76.82%
- 6M
- -77.98%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMLP
- 1D
- 1.23%
- 1M
- -1.97%
- YTD
- 16.16%
- 6M
- 16.10%
- 1Y
- 20.59%
- 3Y*
- 22.30%
- 5Y*
- 15.94%
- 10Y*
- 10.26%
LULG vs. EMLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LULG Leverage Shares 2X Long LULU Daily ETF | -76.82% | 55.59% |
EMLP First Trust North American Energy Infrastructure Fund | 16.16% | 2.09% |
Correlation
The correlation between LULG and EMLP is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025 | -0.08 |
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Return for Risk
LULG vs. EMLP — Risk / Return Rank
LULG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EMLP
LULG vs. EMLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long LULU Daily ETF (LULG) and First Trust North American Energy Infrastructure Fund (EMLP). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LULG | EMLP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.19 | — |
| Martin ratioReturn relative to average drawdown | — | 12.19 | — |
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Drawdowns
LULG vs. EMLP - Drawdown Comparison
The maximum LULG drawdown since its inception was -79.88%, which is greater than EMLP's maximum drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for LULG and EMLP.
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Drawdown Indicators
| LULG | EMLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.88% | -43.61% | -36.27% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.94% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.47% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.61% | — |
Current DrawdownCurrent decline from peak | -78.53% | -2.33% | -76.20% |
Average DrawdownAverage peak-to-trough decline | -36.70% | -5.75% | -30.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.69% | — |
Volatility
LULG vs. EMLP - Volatility Comparison
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Volatility by Period
| LULG | EMLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.65% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.96% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 88.27% | 9.97% | +78.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.27% | 14.49% | +73.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.27% | 17.69% | +70.58% |
LULG vs. EMLP - Expense Ratio Comparison
LULG has a 0.75% expense ratio, which is lower than EMLP's 0.96% expense ratio.
Dividends
LULG vs. EMLP - Dividend Comparison
LULG has not paid dividends to shareholders, while EMLP's dividend yield for the trailing twelve months is around 2.75%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMLP First Trust North American Energy Infrastructure Fund | 2.75% | 3.18% | 3.19% | 3.92% | 3.15% | 3.29% | 4.70% | 3.71% | 4.71% | 3.80% | 3.62% | 4.63% |
LULG Leverage Shares 2X Long LULU Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LULG and EMLP have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LULG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LULG is cheaper with a 0.75% expense ratio, compared with 0.96% for EMLP.
EMLP has the higher dividend yield at 2.75%, compared with 0.00% for LULG.
LULG is categorized as Leveraged Equities, while EMLP is MLPs. They also come from different issuers: Leverage Shares and First Trust. Their fees differ too: 0.75% for LULG and 0.96% for EMLP.
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