Which returned more over the last year, EMLP or FXO?

In the year to Oct 9, 2026, with distributions reinvested, EMLP returned +14.8% and FXO +7.9%.

Which is cheaper, EMLP or FXO?

FXO is cheaper, by 0.35 percentage points a year. On $10,000 held for a year that difference is about $35. Fees come from each fund's prospectus.

How much do EMLP and FXO overlap with the S&P 500?

By their latest filed holdings, 43% of EMLP and 41% of FXO by weight is stocks the S&P 500 already holds.

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EMLP vs FXO: how they differ

EMLP and FXO hold 0% of their weight in the same names, and EMLP returned +14.8% over the year. First Trust North American Energy Infrastructure Fund and First Trust Financials AlphaDEX Fund.

FXO costs 0.35 points a year less; their one-year returns differ by 6.9 points; EMLP is 3.9 times larger.

	EMLP	FXO
Expense ratio	0.95%	0.60%
Net assets	$4.1bn	$1.0bn
Total return, 1 year	+14.8%	+7.9%
Holdings in common	0%
Nasdaq-100, total return, 1 year	+23.6%
Top ten holdings, share of the fund	42.7%	17.1%
Below its high	4.8%, high on Jul 23, 2026	7.1%, high on Sep 3, 2026

Holdings in common uses holdings dated Oct 9, 2026.

+14.8%

EMLP total return, 1 year

+7.9%

FXO total return, 1 year

0.95%

EMLP expense ratio

0.60%

FXO expense ratio

What they hold in common

By the books each fund has filed, EMLP and FXO hold 0% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Oct 9, 2026.

50%

half

0% in common

Positions both hold, largest shared weight first

Holding EMLP FXO

Only in EMLP

Enterprise Products Partners L.P. 8.62%

Energy Transfer LP 7.58%

MPLX LP 4.26%

Plains GP Holdings, L.P. (Class A) 3.91%

Kinder Morgan, Inc. 3.88%

National Fuel Gas Company 3.88%

PPL Corporation 2.88%

The Southern Company 2.83%

Only in FXO

Chime Financial, Inc. (Class A) 1.84%

MGIC Investment Corporation 1.73%

The Hartford Insurance Group, Inc. 1.72%

RenaissanceRe Holdings Ltd. 1.70%

American International Group, Inc. 1.69%

Arch Capital Group Ltd. 1.69%

Berkshire Hathaway Inc. (Class B) 1.69%

Assured Guaranty Ltd. 1.68%

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On the same fields

EMLP

First Trust North American Energy Infrastructure Fund

FXO

First Trust Financials AlphaDEX Fund

Where it sits Stock ETF Stock ETF

Issuer First Trust First Trust

What it is Actively managed Tracks an index

Total return, 1 year +14.8% +7.9%

S&P 500 over the same days +17.3% +17.3%

Gap to the S&P 500 −2.5 pts −9.3 pts

Expense ratio 0.95% 0.60%

Already in the S&P 500 42.9% 40.9%

Holdings 58 105

Net assets $4.1bn $1.0bn

EMLP and FXO on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

EMLP in plain words

EMLP is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +14.8% with distributions reinvested, against +17.3% for the S&P 500 and +23.6% for the Nasdaq-100. The prospectus expense ratio is 0.95% a year. By its holdings published by its issuer for Oct 9, 2026, 43% of the fund by weight is stocks the S&P 500 also holds, across 58 positions, with the top ten at 42.7%. It sat 4.8% below its high of Jul 23, 2026 on Oct 9, 2026.

FXO in plain words

FXO tracks an index. Over the year to Oct 9, 2026 it returned +7.9% with distributions reinvested, against +17.3% for the S&P 500 and +23.6% for the Nasdaq-100. The prospectus expense ratio is 0.60% a year. By its holdings published by its issuer for Oct 9, 2026, 41% of the fund by weight is stocks the S&P 500 also holds, across 105 positions, with the top ten at 17.1%. It sat 7.1% below its high of Sep 3, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, EMLP or FXO?: In the year to Oct 9, 2026, with distributions reinvested, EMLP returned +14.8% and FXO +7.9%.
Which is cheaper, EMLP or FXO?: FXO is cheaper, by 0.35 percentage points a year. On $10,000 held for a year that difference is about $35. Fees come from each fund's prospectus.
How much do EMLP and FXO overlap with the S&P 500?: By their latest filed holdings, 43% of EMLP and 41% of FXO by weight is stocks the S&P 500 already holds.

Other comparisons

EMLP vs PEY EMLP vs FTXR EMLP vs VFMF EMLP vs IMCV FXO vs MDYV FXO vs PKW FXO vs REGL FXO vs ILCV

EMLP on its own →FXO on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

EMLP filings on SEC EDGAR ↗EMLP prospectus with the expense ratio (SEC) ↗First Trust page for EMLP ↗FXO filings on SEC EDGAR ↗FXO prospectus with the expense ratio (SEC) ↗First Trust page for FXO ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

Cite this page

ETFIQ, EMLP against FXO, data as of Oct 9, 2026. https://etfiq.com/compare/any/emlp-vs-fxo

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.