EMLP vs IVV: Holdings Overlap
EMLPFirst Trust North American Energy Infrastructure Fund
First Trust · 63 holdings · $4.2B · as of 2026-04-30
iShares · 503 holdings · $901.0B · as of 2026-03-31
Holdings snapshots are 30 days apart (EMLP: 2026-04-30, IVV: 2026-03-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are EMLP and IVV?
First Trust North American Energy Infrastructure Fund (EMLP, by First Trust) holds 63 positions; iShares Core S&P 500 ETF (IVV, by iShares) holds 503. They have 32 holdings in common, and by portfolio weight the two funds are 3.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 32EMLP holds 63 · IVV holds 503
- Weight in Shared Holdings
- EMLP 45%·IVV 3%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in EMLP
31 of 63 positions (48.6% of the fund) are not held by IVV. Showing the top 30 by weight.
Sector Breakdown
| Sector | EMLP | IVV |
|---|---|---|
| Utilities | 45.6% | 2.5% |
| Energy | 39.5% | 4.0% |
| Information Technology | 0.0% | 32.6% |
| Financials | 0.0% | 12.6% |
| Communication Services | 0.0% | 10.5% |
| Other Sectors | 3.6% | 37.6% |
| Unclassified | 4.4% | 0.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (5% of EMLP, 0% of IVV).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EMLP | -1.5% | +16.3% | +17.6% | +20.5% | +16.2% | +9.9% | 2.80% |
| IVV | +3.4% | +14.0% | +23.7% | +21.3% | +13.4% | +15.4% | 1.05% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in EMLP vs IVV →
Shared Holdings(32)
The top 10 shared positions account for 56% of the overlap, led by NEE, SO and DUK.
 NEENextEra Energy Inc COM | 1.27% | 0.35% | 0.35% |
|---|---|---|---|
 SOSouthern Co. (The) | 2.67% | 0.19% | 0.19% |
 DUKDuke Energy Corp COM NEW | 1.93% | 0.18% | 0.18% |
 WMBWilliams Companies Inc. (The) COM | 1.55% | 0.16% | 0.16% |
 CEGConstellation Energy Corp. COM | 0.40% | 0.16% | 0.16% |
 PWRQuanta Services, Inc. COM | 1.25% | 0.15% | 0.15% |
 CMICummins Inc. COM | 0.80% | 0.13% | 0.13% |
 AEPAmerican Electric Power Co, Inc. COM | 2.06% | 0.13% | 0.13% |
 KMIKinder Morgan, Inc. COM | 3.69% | 0.12% | 0.12% |
 SRESempra COM | 1.82% | 0.11% | 0.11% |
 OKEOneok Inc. COM | 2.06% | 0.10% | 0.10% |
 TRGPTarga Resources Corp. COM | 1.12% | 0.10% | 0.10% |
 DDominion Energy Inc COM | 1.35% | 0.09% | 0.09% |
 ETREntergy Corporation COM | 2.43% | 0.09% | 0.09% |
 EXCExelon Corp. COM | 0.21% | 0.09% | 0.09% |
 VSTVistra Corp. COMMON STOCK | 1.11% | 0.09% | 0.09% |
 XELXcel Energy Inc COM | 1.30% | 0.08% | 0.08% |
 PEGPublic Service Enterprise Group Incorporated COM | 1.62% | 0.07% | 0.07% |
 PCGPGandE CORP COMMON STOCK | 0.42% | 0.07% | 0.07% |
 WECWEC Energy Group Inc. COM | 1.45% | 0.07% | 0.07% |
 ATOAtmos Energy Corp. COM | 1.19% | 0.05% | 0.05% |
 DTEDTE Energy Co. COM | 1.50% | 0.05% | 0.05% |
 AEEAmeren Corp. COM | 0.97% | 0.05% | 0.05% |
 PPLPPL Corporation COM | 2.52% | 0.05% | 0.05% |
 CNPCenterpoint Energy Inc COM | 1.34% | 0.05% | 0.05% |
Frequently Asked Questions
How much do EMLP and IVV overlap?
EMLP and IVV overlap by 3.0% of portfolio weight. They share 32 holdings (EMLP holds 63 positions and IVV holds 503), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EMLP and IVV?
The two portfolios are 3.0% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of EMLP and IVV?
The largest positions held by both funds are NEE, SO, DUK, WMB and CEG. Together the top 10 shared positions account for 56% of the total overlap.
What does EMLP own that IVV doesn't?
31 positions (48.6% of EMLP) are unique to EMLP, led by Energy Transfer LP, Enterprise Products Partners LP and MPLX LP COM UNIT REP LTD. In the other direction, 471 positions (96.8% of IVV) are unique to IVV.