MLPB vs. EMLP
Compare and contrast key facts about ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) and First Trust North American Energy Infrastructure Fund (EMLP).
MLPB and EMLP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MLPB is a passively managed fund by UBS that tracks the performance of the Alerian MLP Infrastructure Index. It was launched on Oct 8, 2015. EMLP is an actively managed fund by First Trust. It was launched on Jun 21, 2012.
Performance
MLPB vs. EMLP - Performance Comparison
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MLPB vs. EMLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B | 16.69% | 7.40% | 25.53% | 22.01% | 30.22% | 39.42% | -30.80% | 5.69% | -8.79% | -9.71% |
EMLP First Trust North American Energy Infrastructure Fund | 16.08% | 9.67% | 33.39% | 8.05% | 10.39% | 23.20% | -13.36% | 23.40% | -8.70% | 1.07% |
Returns By Period
The year-to-date returns for both stocks are quite close, with MLPB having a 16.69% return and EMLP slightly lower at 16.08%. Over the past 10 years, MLPB has underperformed EMLP with an annualized return of 9.55%, while EMLP has yielded a comparatively higher 11.51% annualized return.
MLPB
- 1D
- -1.54%
- 1M
- 1.21%
- YTD
- 16.69%
- 6M
- 20.26%
- 1Y
- 11.98%
- 3Y*
- 22.94%
- 5Y*
- 23.10%
- 10Y*
- 9.55%
EMLP
- 1D
- -0.59%
- 1M
- 0.43%
- YTD
- 16.08%
- 6M
- 15.69%
- 1Y
- 20.09%
- 3Y*
- 22.08%
- 5Y*
- 17.72%
- 10Y*
- 11.51%
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MLPB vs. EMLP - Expense Ratio Comparison
MLPB has a 0.85% expense ratio, which is lower than EMLP's 0.96% expense ratio.
Return for Risk
MLPB vs. EMLP — Risk / Return Rank
MLPB
EMLP
MLPB vs. EMLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) 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.
| MLPB | EMLP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.64 | 1.51 | -0.86 |
Sortino ratioReturn per unit of downside risk | 0.93 | 1.94 | -1.01 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.30 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.69 | 1.83 | -1.14 |
Martin ratioReturn relative to average drawdown | 1.81 | 8.54 | -6.73 |
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
| MLPB | EMLP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 1.51 | -0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.15 | 1.23 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.65 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.58 | -0.35 |
Correlation
The correlation between MLPB and EMLP is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MLPB vs. EMLP - Dividend Comparison
MLPB's dividend yield for the trailing twelve months is around 5.83%, more than EMLP's 2.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B | 5.83% | 6.51% | 5.95% | 6.37% | 6.00% | 6.98% | 11.93% | 7.98% | 8.11% | 7.23% | 6.85% | 0.00% |
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% |
Drawdowns
MLPB vs. EMLP - Drawdown Comparison
The maximum MLPB drawdown since its inception was -71.93%, which is greater than EMLP's maximum drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for MLPB and EMLP.
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Drawdown Indicators
| MLPB | EMLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.93% | -43.61% | -28.32% |
Max Drawdown (1Y)Largest decline over 1 year | -16.49% | -11.27% | -5.22% |
Max Drawdown (5Y)Largest decline over 5 years | -20.41% | -14.59% | -5.82% |
Max Drawdown (10Y)Largest decline over 10 years | -71.93% | -43.61% | -28.32% |
Current DrawdownCurrent decline from peak | -2.68% | -0.59% | -2.09% |
Average DrawdownAverage peak-to-trough decline | -15.03% | -5.81% | -9.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.26% | 2.41% | +3.85% |
Volatility
MLPB vs. EMLP - Volatility Comparison
ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) has a higher volatility of 3.72% compared to First Trust North American Energy Infrastructure Fund (EMLP) at 2.80%. This indicates that MLPB's price experiences larger fluctuations and is considered to be riskier than EMLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLPB | EMLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 2.80% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 8.96% | 6.79% | +2.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.75% | 13.41% | +5.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.14% | 14.46% | +5.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.10% | 17.72% | +10.38% |