EMLP vs MLPX: Holdings Overlap
EMLPFirst Trust North American Energy Infrastructure Fund
First Trust · 63 holdings · $4.2B · as of 2026-04-30
MLPXGlobal X MLP and Energy Infrastructure ETF
Global X · 28 holdings · $3.6B · as of 2026-05-31
Holdings snapshots are 31 days apart (EMLP: 2026-04-30, MLPX: 2026-05-31). 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 MLPX?
First Trust North American Energy Infrastructure Fund (EMLP, by First Trust) holds 63 positions; Global X MLP and Energy Infrastructure ETF (MLPX, by Global X) holds 28. They have 14 holdings in common, and by portfolio weight the two funds are 28.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 28.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 14EMLP holds 63 · MLPX holds 28
- Weight in Shared Holdings
- EMLP 37%·MLPX 74%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
49 of 63 positions (55.9% of the fund) are not held by MLPX. Showing the top 30 by weight.
Sector Breakdown
| Sector | EMLP | MLPX |
|---|---|---|
| Energy | 39.5% | 99.5% |
| Utilities | 45.6% | 0.0% |
| Industrials | 3.6% | 0.0% |
| Other Sectors | 0.0% | 0.0% |
| Unclassified | 4.4% | 0.3% |
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 MLPX).
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% |
| MLPX | -3.0% | +23.1% | +25.2% | +25.3% | +22.4% | +11.8% | 3.17% |
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 MLPX →
Shared Holdings(14)
The top 10 shared positions account for 89% of the overlap, led by Energy Transfer LP, Enterprise Products Partners LP and MPLX LP PARTNERSHIP SHARES.
| Energy Transfer LP | 7.49% | 4.48% | 4.48% |
|---|---|---|---|
| Enterprise Products Partners LP | 7.17% | 4.43% | 4.43% |
| MPLX LP PARTNERSHIP SHARES | 4.04% | 4.23% | 4.04% |
 KMIKinder Morgan, Inc. COM | 3.69% | 7.42% | 3.69% |
 OKEOneok Inc. COM | 2.06% | 6.57% | 2.06% |
 PAGPPlains GP Holdings LP | 3.87% | 1.57% | 1.57% |
 WMBWilliams Companies Inc. (The) COM | 1.55% | 8.54% | 1.55% |
 LNGCheniere Energy Inc COM NEW | 1.41% | 6.35% | 1.41% |
 TRGPTarga Resources Corp. COM | 1.12% | 4.98% | 1.12% |
 TRPTC Energy Corp COM NPV | 1.07% | 9.23% | 1.07% |
 DTMDT Midstream Inc COMMON STOCK | 1.05% | 4.53% | 1.05% |
| Cheniere Energy Partners LP | 1.43% | 0.89% | 0.89% |
 AROCArchrock Inc COM | 0.75% | 1.92% | 0.75% |
 ENBEnbridge Inc. COM | 0.51% | 8.99% | 0.51% |
Frequently Asked Questions
How much do EMLP and MLPX overlap?
EMLP and MLPX overlap by 28.6% of portfolio weight. They share 14 holdings (EMLP holds 63 positions and MLPX holds 28), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EMLP and MLPX?
The two portfolios are 28.6% 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 MLPX?
The largest positions held by both funds are Energy Transfer LP, Enterprise Products Partners LP, MPLX LP PARTNERSHIP SHARES, KMI and OKE. Together the top 10 shared positions account for 89% of the total overlap.
What does EMLP own that MLPX doesn't?
49 positions (55.9% of EMLP) are unique to EMLP, led by NFG, SO and PPL. In the other direction, 14 positions (25.7% of MLPX) are unique to MLPX.