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

In the year to Oct 9, 2026, with distributions reinvested, EMLP returned +14.8% and ILCV +22.0%.

Which is cheaper, EMLP or ILCV?

ILCV is cheaper, by 0.91 percentage points a year. On $10,000 held for a year that difference is about $91. Fees come from each fund's prospectus.

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

By their latest filed holdings, 43% of EMLP and 96% of ILCV by weight is stocks the S&P 500 already holds.

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EMLP vs ILCV: how they differ

EMLP and ILCV hold 3% of their weight in the same names, and ILCV returned +22.0% over the year. First Trust North American Energy Infrastructure Fund and iShares Morningstar Value ETF.

ILCV costs 0.91 points a year less; their one-year returns differ by 7.2 points; EMLP is 3.0 times larger.

	EMLP	ILCV
Expense ratio	0.95%	0.04%
Net assets	$4.1bn	$1.4bn
Total return, 1 year	+14.8%	+22.0%
Holdings in common	3%
Nasdaq-100, total return, 1 year	+23.6%
Top ten holdings, share of the fund	42.7%	35.8%
Below its high	4.8%, high on Jul 23, 2026

Holdings in common uses holdings dated Oct 8, 2026 and Oct 9, 2026.

+14.8%

EMLP total return, 1 year

+22.0%

ILCV total return, 1 year

0.95%

EMLP expense ratio

0.04%

ILCV expense ratio

What they hold in common

By the books each fund has filed, EMLP and ILCV hold 3% 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 8, 2026 and Oct 9, 2026.

50%

half

3% in common

Positions both hold, largest shared weight first

Holding EMLP ILCV

NextEra Energy, Inc. 1.57% 0.47%

The Southern Company 2.83% 0.29%

Duke Energy Corporation 2.53% 0.26%

Kinder Morgan, Inc. 3.88% 0.18%

Cheniere Energy, Inc. 1.66% 0.17%

ONEOK, Inc. 2.31% 0.16%

Dominion Energy, Inc. 1.36% 0.15%

Sempra 2.03% 0.15%

The Williams Companies, Inc. 0.50% 0.15%

Xcel Energy Inc. 1.81% 0.13%

Exelon Corporation 0.25% 0.12%

American Electric Power Company, Inc. 2.32% 0.11%

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%

National Fuel Gas Company 3.88%

ONE Gas, Inc. 2.22%

OGE Energy Corp. 1.58%

Cheniere Energy Partners, L.P. 1.41%

Only in ILCV

MICROSOFT 8.53%

APPLE 7.23%

AMAZON.COM INC 3.29%

META PLATFORMS CLASS A 2.95%

BERKSHIRE HATHAWAY INC CLASS B 2.75%

JPMORGAN CHASE & CO 2.57%

ALPHABET CLASS A 2.56%

ALPHABET CLASS C 2.06%

Check overlap with more funds →

On the same fields

EMLP

First Trust North American Energy Infrastructure Fund

ILCV

iShares Morningstar Value ETF

Where it sits Stock ETF Stock ETF

Issuer First Trust iShares

What it is Actively managed Tracks an index

Total return, 1 year +14.8% +22.0%

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

Gap to the S&P 500 −2.5 pts +4.8 pts

Expense ratio 0.95% 0.04%

Already in the S&P 500 42.9% 96.0%

Holdings 58 374

Net assets $4.1bn $1.4bn

EMLP and ILCV 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.

ILCV in plain words

ILCV tracks an index. Over the year to Oct 9, 2026 it returned +22.0% with distributions reinvested, against +17.3% for the S&P 500 and +23.6% for the Nasdaq-100. The prospectus expense ratio is 0.04% a year. By its holdings published by its issuer for Oct 8, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 374 positions, with the top ten at 35.8%.

Questions people ask

Which returned more over the last year, EMLP or ILCV?: In the year to Oct 9, 2026, with distributions reinvested, EMLP returned +14.8% and ILCV +22.0%.
Which is cheaper, EMLP or ILCV?: ILCV is cheaper, by 0.91 percentage points a year. On $10,000 held for a year that difference is about $91. Fees come from each fund's prospectus.
How much do EMLP and ILCV overlap with the S&P 500?: By their latest filed holdings, 43% of EMLP and 96% of ILCV by weight is stocks the S&P 500 already holds.

Other comparisons

EMLP vs FTA EMLP vs RSPA EMLP vs IVOV EMLP vs FEX ILCV vs IVOV ILCV vs IMCV ILCV vs PEY FTXR vs ILCV

EMLP on its own →ILCV 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 ↗ILCV filings on SEC EDGAR ↗ILCV prospectus with the expense ratio (SEC) ↗iShares page for ILCV ↗

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 ILCV, data as of Oct 9, 2026. https://etfiq.com/compare/any/emlp-vs-ilcv

Open data

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