EMLP vs SCHM: Holdings Overlap
EMLPFirst Trust North American Energy Infrastructure Fund
First Trust · 63 holdings · $4.2B · as of 2026-04-30
Schwab · 496 holdings · $15.1B · as of 2026-05-31
Holdings snapshots are 31 days apart (EMLP: 2026-04-30, SCHM: 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 SCHM?
First Trust North American Energy Infrastructure Fund (EMLP, by First Trust) holds 63 positions; Schwab U.S. Mid-Cap ETF (SCHM, by Schwab) holds 496. They have 11 holdings in common, and by portfolio weight the two funds are 2.4% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 11EMLP holds 63 · SCHM holds 496
- Weight in Shared Holdings
- EMLP 12%·SCHM 2%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
52 of 63 positions (81.1% of the fund) are not held by SCHM. Showing the top 30 by weight.
Sector Breakdown
| Sector | EMLP | SCHM |
|---|---|---|
| Utilities | 45.6% | 3.0% |
| Energy | 39.5% | 3.3% |
| Industrials | 3.6% | 22.5% |
| Information Technology | 0.0% | 20.2% |
| Financials | 0.0% | 11.7% |
| Other Sectors | 0.0% | 39.0% |
| Unclassified | 4.4% | 0.2% |
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 SCHM).
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% |
| SCHM | +1.6% | +20.7% | +28.9% | +15.8% | +8.2% | +11.2% | 1.22% |
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 SCHM →
Shared Holdings(11)
The top 10 shared positions account for 95% of the overlap, led by EVRG, LNT and GNRC.
 EVRGEvergy Inc COM | 1.61% | 0.35% | 0.35% |
|---|---|---|---|
 LNTAlliant Energy Corporation COM | 0.95% | 0.34% | 0.34% |
 GNRCGenerac Holdings Inc. COM | 1.08% | 0.30% | 0.30% |
 DTMDT Midstream Inc COMMON STOCK | 1.05% | 0.26% | 0.26% |
 WTRGEssential Utilities Inc COM | 0.40% | 0.19% | 0.19% |
 AESAES Corp. (The) | 0.41% | 0.19% | 0.19% |
 OGEOGE Energy Corporation COM | 1.42% | 0.18% | 0.18% |
 IDAIdacorp Inc COM | 0.95% | 0.14% | 0.14% |
 UGIUGI Corporation | 0.80% | 0.14% | 0.14% |
 NFGNational Fuel Gas Company COM | 3.25% | 0.14% | 0.14% |
 TTEKTetra Tech Inc COM | 0.12% | 0.13% | 0.12% |
Frequently Asked Questions
How much do EMLP and SCHM overlap?
EMLP and SCHM overlap by 2.4% of portfolio weight. They share 11 holdings (EMLP holds 63 positions and SCHM holds 496), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EMLP and SCHM?
The two portfolios are 2.4% 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 SCHM?
The largest positions held by both funds are EVRG, LNT, GNRC, DTM and WTRG. Together the top 10 shared positions account for 95% of the total overlap.
What does EMLP own that SCHM doesn't?
52 positions (81.1% 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, 485 positions (97.5% of SCHM) are unique to SCHM.