EMLP vs VDE: Holdings Overlap
EMLPFirst Trust North American Energy Infrastructure Fund
First Trust · 63 holdings · $4.2B · as of 2026-04-30
Vanguard · 105 holdings · $10.0B · as of 2026-05-31
Holdings snapshots are 31 days apart (EMLP: 2026-04-30, VDE: 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 VDE?
First Trust North American Energy Infrastructure Fund (EMLP, by First Trust) holds 63 positions; Vanguard Energy Index Fund (VDE, by Vanguard) holds 105. They have 8 holdings in common, and by portfolio weight the two funds are 9.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 9.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 8EMLP holds 63 · VDE holds 105
- Weight in Shared Holdings
- EMLP 16%·VDE 14%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
55 of 63 positions (77.6% of the fund) are not held by VDE. Showing the top 30 by weight.
Sector Breakdown
| Sector | EMLP | VDE |
|---|---|---|
| Energy | 39.5% | 99.5% |
| Utilities | 45.6% | 0.0% |
| Industrials | 3.6% | 0.0% |
| Other Sectors | 0.0% | 0.0% |
| Unclassified | 4.4% | 0.0% |
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 VDE).
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% |
| VDE | +5.2% | +30.6% | +40.8% | +13.4% | +22.8% | +9.4% | 2.48% |
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 VDE →
Shared Holdings(8)
The top 8 shared positions account for 100% of the overlap, led by KMI, OKE and WMB.
 KMIKinder Morgan, Inc. COM | 3.69% | 2.60% | 2.60% |
|---|---|---|---|
 OKEOneok Inc. COM | 2.06% | 2.21% | 2.06% |
 WMBWilliams Companies Inc. (The) COM | 1.55% | 3.63% | 1.55% |
 LNGCheniere Energy Inc COM NEW | 1.41% | 2.06% | 1.41% |
 TRGPTarga Resources Corp. COM | 1.12% | 2.30% | 1.12% |
 DTMDT Midstream Inc COMMON STOCK | 1.05% | 0.62% | 0.62% |
 AROCArchrock Inc COM | 0.75% | 0.27% | 0.27% |
 PAGPPlains GP Holdings LP | 3.87% | 0.24% | 0.24% |
Frequently Asked Questions
How much do EMLP and VDE overlap?
EMLP and VDE overlap by 9.9% of portfolio weight. They share 8 holdings (EMLP holds 63 positions and VDE holds 105), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EMLP and VDE?
The two portfolios are 9.9% 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 VDE?
The largest positions held by both funds are KMI, OKE, WMB, LNG and TRGP. Together the top 8 shared positions account for 100% of the total overlap.
What does EMLP own that VDE doesn't?
55 positions (77.6% 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, 97 positions (85.6% of VDE) are unique to VDE.