MLPX vs EMLP: Holdings Overlap
MLPXGlobal X MLP and Energy Infrastructure ETF
Global X · 28 holdings · $3.6B · as of 2026-05-31
EMLPFirst Trust North American Energy Infrastructure Fund
First Trust · 63 holdings · $4.2B · as of 2026-04-30
Holdings snapshots are 31 days apart (MLPX: 2026-05-31, EMLP: 2026-04-30). 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 MLPX and EMLP?
Global X MLP and Energy Infrastructure ETF (MLPX, by Global X) holds 28 positions; First Trust North American Energy Infrastructure Fund (EMLP, by First Trust) holds 63. 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
- 14MLPX holds 28 · EMLP holds 63
- Weight in Shared Holdings
- MLPX 74%·EMLP 37%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 MLPX
14 of 28 positions (25.7% of the fund) are not held by EMLP.
Sector Breakdown
| Sector | MLPX | EMLP |
|---|---|---|
| Energy | 99.5% | 39.5% |
| Utilities | 0.0% | 45.6% |
| Industrials | 0.0% | 3.6% |
| Other Sectors | 0.0% | 0.0% |
| Unclassified | 0.3% | 4.4% |
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 (0% of MLPX, 5% of EMLP).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| MLPX | -3.0% | +23.1% | +25.2% | +25.3% | +22.4% | +11.8% | 3.17% |
| EMLP | -1.5% | +16.3% | +17.6% | +20.5% | +16.2% | +9.9% | 2.80% |
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 MLPX vs EMLP →
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 | 4.48% | 7.49% | 4.48% |
|---|---|---|---|
| Enterprise Products Partners LP | 4.43% | 7.17% | 4.43% |
| MPLX LP PARTNERSHIP SHARES | 4.23% | 4.04% | 4.04% |
 KMIKinder Morgan, Inc. COM | 7.42% | 3.69% | 3.69% |
 OKEOneok Inc. COM | 6.57% | 2.06% | 2.06% |
 PAGPPlains GP Holdings LP | 1.57% | 3.87% | 1.57% |
 WMBWilliams Companies Inc. (The) COM | 8.54% | 1.55% | 1.55% |
 LNGCheniere Energy Inc COM NEW | 6.35% | 1.41% | 1.41% |
 TRGPTarga Resources Corp. COM | 4.98% | 1.12% | 1.12% |
 TRPTC Energy Corp COM NPV | 9.23% | 1.07% | 1.07% |
 DTMDT Midstream Inc COMMON STOCK | 4.53% | 1.05% | 1.05% |
| Cheniere Energy Partners LP | 0.89% | 1.43% | 0.89% |
 AROCArchrock Inc COM | 1.92% | 0.75% | 0.75% |
 ENBEnbridge Inc. COM | 8.99% | 0.51% | 0.51% |
Frequently Asked Questions
How much do MLPX and EMLP overlap?
MLPX and EMLP overlap by 28.6% of portfolio weight. They share 14 holdings (MLPX holds 28 positions and EMLP holds 63), based on each fund's latest SEC-reported holdings.
Is it redundant to own both MLPX and EMLP?
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 MLPX and EMLP?
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 MLPX own that EMLP doesn't?
14 positions (25.7% of MLPX) are unique to MLPX, led by PBA, Plains All American Pipeline LP and Western Midstream Partners LP. In the other direction, 49 positions (55.9% of EMLP) are unique to EMLP.