MLPR vs. EMO
Compare and contrast key facts about ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) and ClearBridge Energy Midstream Opportunity Fund (EMO).
MLPR is a passively managed fund by UBS that tracks the performance of the Alerian MLP Index (150%). It was launched on Jun 2, 2020. EMO is an actively managed fund by Franklin Templeton. It was launched on Jun 10, 2011.
Performance
MLPR vs. EMO - Performance Comparison
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MLPR vs. EMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 24.29% | 9.83% | 31.57% | 35.87% | 41.04% | 57.33% | -9.51% |
EMO ClearBridge Energy Midstream Opportunity Fund | 20.88% | 7.38% | 44.45% | 31.76% | 40.13% | 74.70% | 4.08% |
Returns By Period
In the year-to-date period, MLPR achieves a 24.29% return, which is significantly higher than EMO's 20.88% return.
MLPR
- 1D
- -1.21%
- 1M
- 1.32%
- YTD
- 24.29%
- 6M
- 30.59%
- 1Y
- 15.78%
- 3Y*
- 32.28%
- 5Y*
- 32.14%
- 10Y*
- —
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%
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MLPR vs. EMO - Expense Ratio Comparison
MLPR has a 0.95% expense ratio, which is lower than EMO's 13.90% expense ratio.
Return for Risk
MLPR vs. EMO — Risk / Return Rank
MLPR
EMO
MLPR vs. EMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) and ClearBridge Energy Midstream Opportunity Fund (EMO). 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.
| MLPR | EMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.57 | 0.91 | -0.34 |
Sortino ratioReturn per unit of downside risk | 0.86 | 1.28 | -0.41 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.20 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.62 | 1.07 | -0.45 |
Martin ratioReturn relative to average drawdown | 1.44 | 3.23 | -1.78 |
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
| MLPR | EMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 0.91 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.09 | 1.25 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.12 | +0.81 |
Correlation
The correlation between MLPR and EMO is 0.82, 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
MLPR vs. EMO - Dividend Comparison
MLPR's dividend yield for the trailing twelve months is around 9.14%, more than EMO's 8.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 9.14% | 10.85% | 9.57% | 10.08% | 7.49% | 10.69% | 4.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Drawdowns
MLPR vs. EMO - Drawdown Comparison
The maximum MLPR drawdown since its inception was -48.98%, smaller than the maximum EMO drawdown of -95.06%. Use the drawdown chart below to compare losses from any high point for MLPR and EMO.
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Drawdown Indicators
| MLPR | EMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.98% | -95.06% | +46.08% |
Max Drawdown (1Y)Largest decline over 1 year | -24.45% | -18.81% | -5.64% |
Max Drawdown (5Y)Largest decline over 5 years | -28.66% | -28.59% | -0.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.02% | — |
Current DrawdownCurrent decline from peak | -4.17% | -2.55% | -1.62% |
Average DrawdownAverage peak-to-trough decline | -9.09% | -32.27% | +23.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.53% | 6.22% | +4.31% |
Volatility
MLPR vs. EMO - Volatility Comparison
ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) has a higher volatility of 4.93% compared to ClearBridge Energy Midstream Opportunity Fund (EMO) at 4.63%. This indicates that MLPR's price experiences larger fluctuations and is considered to be riskier than EMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLPR | EMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 4.63% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 14.06% | 11.12% | +2.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.04% | 21.39% | +6.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.60% | 26.78% | +2.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.01% | 41.41% | -7.40% |