TESL vs. EMLP

Last updated Jul 12, 2026

TESL (Simplify Volt TSLA Revolution ETF) and EMLP (First Trust North American Energy Infrastructure Fund) are both exchange-traded funds - TESL is a Large Cap Growth Equities fund tracking the Actively Managed, while EMLP is a MLPs fund actively managed by First Trust. TESL is passively managed, while EMLP is actively managed. Over the past 5 years, TESL returned 10.66%/yr vs 16.11%/yr for EMLP. At a 0.20 correlation, their price movements are largely independent. TESL charges 0.97%/yr vs 0.96%/yr for EMLP.

Performance

TESL vs. EMLP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Volt TSLA Revolution ETF (TESL) and First Trust North American Energy Infrastructure Fund (EMLP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TESL achieves a -6.31% return, which is significantly lower than EMLP's 17.26% return.

TESL

• 1D: 1.34%
• 1M: -0.54%
• 6M: -5.43%
• YTD: -6.31%
• 1Y: -18.49%
• 3Y*: 28.24%
• 5Y*: 10.66%
• 10Y*: —

EMLP

• 1D: 0.00%
• 1M: 1.30%
• 6M: 17.02%
• YTD: 17.26%
• 1Y: 21.51%
• 3Y*: 21.06%
• 5Y*: 16.11%
• 10Y*: 9.90%

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

TESL vs. EMLP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TESL Simplify Volt TSLA Revolution ETF	-6.31%	-14.73%	152.27%	58.33%	-61.11%	18.52%	2.57%
EMLP First Trust North American Energy Infrastructure Fund	17.26%	9.67%	33.39%	8.05%	10.39%	23.20%	1.16%

Correlation

The correlation between TESL and EMLP is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (All Time) Calculated using the full available price history since Dec 29, 2020	0.20

The correlation between TESL and EMLP shifts across timeframes, from -0.14 (1 year) to 0.20 (5 years), reflecting how their relationship changes across market environments.

TESL vs. EMLP - Sectors Allocation Comparison

Sectors	TESL	EMLP
Consumer Cyclical	100.0%	-
Basic Materials	-	1.6%
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	27.4%
Financial Services	-	-
Healthcare	-	-
Industrials	-	8.1%
Real Estate	-	-
Technology	-	-
Utilities	-	53.2%

Return for Risk

TESL vs. EMLP — Risk / Return Rank

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

TESL

TESL Risk / Return Rank: 7
TESL Sharpe Ratio Rank: 6
TESL Sortino Ratio Rank: 7
TESL Omega Ratio Rank: 7
TESL Calmar Ratio Rank: 6
TESL Martin Ratio Rank: 7

EMLP

EMLP Risk / Return Rank: 83
EMLP Sharpe Ratio Rank: 83
EMLP Sortino Ratio Rank: 86
EMLP Omega Ratio Rank: 77
EMLP Calmar Ratio Rank: 90
EMLP Martin Ratio Rank: 81

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.

TESL vs. EMLP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Volt TSLA Revolution ETF (TESL) 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.

	TESL	EMLP	Difference
Sharpe ratio: Return per unit of total volatility	-0.32	2.12	-2.44
Sortino ratio: Return per unit of downside risk	-0.10	3.11	-3.21
Omega ratio: Gain probability vs. loss probability	0.99	1.36	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.33	4.37	-4.69
Martin ratio: Return relative to average drawdown	-0.54	12.50	-13.04

TESL vs. EMLP - Sharpe Ratio Comparison

The current TESL Sharpe Ratio is -0.32, which is lower than the EMLP Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of TESL and EMLP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TESL vs. EMLP - Drawdown Comparison

The maximum TESL drawdown since its inception was -69.11%, which is greater than EMLP's maximum drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for TESL and EMLP.

Drawdown Indicators

	TESL	EMLP	Difference
Max Drawdown Largest peak-to-trough decline	-69.11%	-43.61%	-25.50%
Max Drawdown (1Y) Largest decline over 1 year	-56.12%	-4.94%	-51.18%
Max Drawdown (3Y) Largest decline over 3 years	-56.12%	-11.47%	-44.65%
Max Drawdown (5Y) Largest decline over 5 years	-69.11%	-14.59%	-54.52%
Max Drawdown (10Y) Largest decline over 10 years	—	-43.61%	—
Current Drawdown Current decline from peak	-41.87%	-1.40%	-40.47%
Average Drawdown Average peak-to-trough decline	-37.76%	-5.73%	-32.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.81%	1.72%	+32.09%

Volatility

TESL vs. EMLP - Volatility Comparison

Simplify Volt TSLA Revolution ETF (TESL) has a higher volatility of 18.50% compared to First Trust North American Energy Infrastructure Fund (EMLP) at 3.63%. This indicates that TESL'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.

Volatility by Period

	TESL	EMLP	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.50%	3.63%	+14.87%
Volatility (6M) Calculated over the trailing 6-month period	38.67%	8.25%	+30.42%
Volatility (1Y) Calculated over the trailing 1-year period	57.00%	10.18%	+46.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.43%	14.52%	+36.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.33%	17.67%	+32.66%

TESL vs. EMLP - Expense Ratio Comparison

TESL has a 0.97% expense ratio, which is higher than EMLP's 0.96% expense ratio.

Dividends

TESL vs. EMLP - Dividend Comparison

TESL's dividend yield for the trailing twelve months is around 23.62%, more than EMLP's 2.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMLP First Trust North American Energy Infrastructure Fund	2.77%	3.18%	3.19%	3.92%	3.15%	3.29%	4.70%	3.71%	4.71%	3.80%	3.62%	4.63%
TESL Simplify Volt TSLA Revolution ETF	23.62%	23.87%	0.62%	0.00%	0.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TESL and EMLP in my portfolio?

TESL and EMLP have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TESL or EMLP?

TESL has higher volatility (18.50%) compared to EMLP (3.63%). In terms of maximum drawdown, TESL dropped -69.11% vs EMLP's -43.61%.

Which ETF is better, TESL or EMLP?

On 5-year performance, EMLP leads with 16.11% vs 10.66% for TESL. On fees, EMLP is cheaper at 0.96% per year. On volatility, EMLP has been the lower-risk option at 3.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TESL or EMLP?

Over the 5-year period, EMLP has performed better with a 16.11% return vs 10.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TESL or EMLP?

EMLP is cheaper with a 0.96% expense ratio, compared with 0.97% for TESL.

Which ETF pays a higher dividend yield, TESL or EMLP?

TESL has the higher dividend yield at 23.62%, compared with 2.77% for EMLP.

What is the main difference between TESL and EMLP?

TESL is categorized as Large Cap Growth Equities, while EMLP is MLPs. They also come from different issuers: Simplify and First Trust. Their fees differ too: 0.97% for TESL and 0.96% for EMLP.

Which has better risk-adjusted returns?

EMLP currently has the higher Sharpe Ratio (2.12 vs -0.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.