EMLP vs IYE: Holdings Overlap
EMLPFirst Trust North American Energy Infrastructure Fund
First Trust · 63 holdings · $4.2B · as of 2026-04-30
iShares · 38 holdings · $1.7B · as of 2026-04-30
How similar are EMLP and IYE?
First Trust North American Energy Infrastructure Fund (EMLP, by First Trust) holds 63 positions; iShares U.S. Energy ETF (IYE, by iShares) holds 38. They have 6 holdings in common, and by portfolio weight the two funds are 9.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 9.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 6EMLP holds 63 · IYE holds 38
- Weight in Shared Holdings
- EMLP 11%·IYE 16%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
57 of 63 positions (82.2% of the fund) are not held by IYE. Showing the top 30 by weight.
Sector Breakdown
| Sector | EMLP | IYE |
|---|---|---|
| Energy | 39.5% | 98.8% |
| Utilities | 45.6% | 0.0% |
| Industrials | 3.6% | 0.0% |
| Information Technology | 0.0% | 1.1% |
| Other Sectors | 0.0% | 0.0% |
| 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 IYE).
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% |
| IYE | +5.2% | +30.1% | +39.7% | +13.0% | +21.6% | +8.7% | 2.19% |
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 IYE →
Shared Holdings(6)
The top 6 shared positions account for 100% of the overlap, led by KMI, OKE and WMB.
 KMIKinder Morgan, Inc. COM | 3.69% | 2.92% | 2.92% |
|---|---|---|---|
 OKEOneok Inc. COM | 2.06% | 2.58% | 2.06% |
 WMBWilliams Companies Inc. (The) COM | 1.55% | 4.38% | 1.55% |
 LNGCheniere Energy Inc COM NEW | 1.41% | 2.62% | 1.41% |
 TRGPTarga Resources Corp. COM | 1.12% | 2.46% | 1.12% |
 DTMDT Midstream Inc COMMON STOCK | 1.05% | 0.67% | 0.67% |
Frequently Asked Questions
How much do EMLP and IYE overlap?
EMLP and IYE overlap by 9.7% of portfolio weight. They share 6 holdings (EMLP holds 63 positions and IYE holds 38), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EMLP and IYE?
The two portfolios are 9.7% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of EMLP and IYE?
The largest positions held by both funds are KMI, OKE, WMB, LNG and TRGP. Together the top 6 shared positions account for 100% of the total overlap.
What does EMLP own that IYE doesn't?
57 positions (82.2% 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, 32 positions (84.3% of IYE) are unique to IYE.