PEO vs. EIPI

Last updated Apr 1, 2026

Compare and contrast key facts about Adams Natural Resources Closed Fund (PEO) and FT Energy Income Partners Enhanced Income ETF (EIPI).

PEO is an actively managed fund by Adams Funds. It was launched on Jan 30, 1929. EIPI is an actively managed fund by First Trust. It was launched on Sep 27, 2011.

Performance

PEO vs. EIPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Adams Natural Resources Closed Fund (PEO) and FT Energy Income Partners Enhanced Income ETF (EIPI). The values are adjusted to include any dividend payments, if applicable.

PEO vs. EIPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PEO Adams Natural Resources Closed Fund	30.48%	9.98%	0.29%
EIPI FT Energy Income Partners Enhanced Income ETF	15.17%	12.38%	12.83%

Returns By Period

In the year-to-date period, PEO achieves a 30.48% return, which is significantly higher than EIPI's 15.17% return.

PEO

• 1D: -1.97%
• 1M: 6.19%
• YTD: 30.48%
• 6M: 34.88%
• 1Y: 33.64%
• 3Y*: 20.19%
• 5Y*: 22.01%
• 10Y*: 11.82%

EIPI

• 1D: -0.49%
• 1M: 1.92%
• YTD: 15.17%
• 6M: 17.66%
• 1Y: 19.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PEO vs. EIPI - Expense Ratio Comparison

PEO has a 0.64% expense ratio, which is lower than EIPI's 1.11% expense ratio.

EIPI

FT Energy Income Partners Enhanced Income ETF

PEO

Adams Natural Resources Closed Fund

Return for Risk

PEO vs. EIPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PEO

PEO Risk / Return Rank: 78
PEO Sharpe Ratio Rank: 81
PEO Sortino Ratio Rank: 78
PEO Omega Ratio Rank: 80
PEO Calmar Ratio Rank: 82
PEO Martin Ratio Rank: 71

EIPI

EIPI Risk / Return Rank: 72
EIPI Sharpe Ratio Rank: 76
EIPI Sortino Ratio Rank: 72
EIPI Omega Ratio Rank: 78
EIPI Calmar Ratio Rank: 64
EIPI Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PEO vs. EIPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Adams Natural Resources Closed Fund (PEO) and FT Energy Income Partners Enhanced Income ETF (EIPI). 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.

	PEO	EIPI	Difference
Sharpe ratio Return per unit of total volatility	1.49	1.40	+0.09
Sortino ratio Return per unit of downside risk	1.96	1.82	+0.14
Omega ratio Gain probability vs. loss probability	1.31	1.30	+0.01
Calmar ratio Return relative to maximum drawdown	1.98	1.62	+0.36
Martin ratio Return relative to average drawdown	6.73	7.06	-0.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PEO vs. EIPI - Sharpe Ratio Comparison

The current PEO Sharpe Ratio is 1.49, which is comparable to the EIPI Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of PEO and EIPI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PEO	EIPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	1.40	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.95	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	1.68	-1.35

Correlation

The correlation between PEO and EIPI is 0.61, 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

PEO vs. EIPI - Dividend Comparison

PEO's dividend yield for the trailing twelve months is around 7.23%, more than EIPI's 6.67% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PEO Adams Natural Resources Closed Fund	7.23%	9.43%	8.14%	6.54%	7.48%	5.51%	6.42%	6.68%	5.63%	5.95%	5.65%	7.78%
EIPI FT Energy Income Partners Enhanced Income ETF	6.67%	9.71%	6.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

PEO vs. EIPI - Drawdown Comparison

The maximum PEO drawdown since its inception was -71.88%, which is greater than EIPI's maximum drawdown of -12.33%. Use the drawdown chart below to compare losses from any high point for PEO and EIPI.

Drawdown Indicators

	PEO	EIPI	Difference
Max Drawdown Largest peak-to-trough decline	-71.88%	-12.33%	-59.55%
Max Drawdown (1Y) Largest decline over 1 year	-17.54%	-12.33%	-5.21%
Max Drawdown (5Y) Largest decline over 5 years	-24.30%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-67.74%	—	—
Current Drawdown Current decline from peak	-1.97%	-0.49%	-1.48%
Average Drawdown Average peak-to-trough decline	-15.36%	-1.68%	-13.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.15%	2.82%	+2.33%

Volatility

PEO vs. EIPI - Volatility Comparison

Adams Natural Resources Closed Fund (PEO) has a higher volatility of 5.35% compared to FT Energy Income Partners Enhanced Income ETF (EIPI) at 2.58%. This indicates that PEO's price experiences larger fluctuations and is considered to be riskier than EIPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PEO	EIPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.35%	2.58%	+2.77%
Volatility (6M) Calculated over the trailing 6-month period	12.23%	6.88%	+5.35%
Volatility (1Y) Calculated over the trailing 1-year period	22.74%	13.97%	+8.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.41%	13.24%	+10.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.28%	13.24%	+14.04%