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

In the year to Oct 9, 2026, with distributions reinvested, EMLP returned +14.8% and IMCV +20.8%.

Which is cheaper, EMLP or IMCV?

IMCV is cheaper, by 0.89 percentage points a year. On $10,000 held for a year that difference is about $89. Fees come from each fund's prospectus.

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

By their latest filed holdings, 43% of EMLP and 92% of IMCV by weight is stocks the S&P 500 already holds.

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EMLP vs IMCV: how they differ

EMLP and IMCV hold 10% of their weight in the same names, and IMCV returned +20.8% over the year. First Trust North American Energy Infrastructure Fund and iShares Morningstar Mid-Cap Value ETF.

IMCV costs 0.89 points a year less; their one-year returns differ by 6.0 points; EMLP is 3.5 times larger.

	EMLP	IMCV
Expense ratio	0.95%	0.06%
Net assets	$4.1bn	$1.1bn
Total return, 1 year	+14.8%	+20.8%
Holdings in common	10%
Nasdaq-100, total return, 1 year	+23.6%
Top ten holdings, share of the fund	42.7%	13.6%
Below its high	4.8%, high on Jul 23, 2026	3.7%, high on Aug 24, 2026

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

+14.8%

EMLP total return, 1 year

+20.8%

IMCV total return, 1 year

0.95%

EMLP expense ratio

0.06%

IMCV expense ratio

What they hold in common

By the books each fund has filed, EMLP and IMCV hold 10% 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

10% in common

Positions both hold, largest shared weight first

Holding EMLP IMCV

Kinder Morgan, Inc. 3.88% 0.92%

Cheniere Energy, Inc. 1.66% 0.83%

ONEOK, Inc. 2.31% 0.82%

Dominion Energy, Inc. 1.36% 0.75%

Sempra 2.03% 0.75%

Xcel Energy Inc. 1.81% 0.66%

American Electric Power Company, Inc. 2.32% 0.56%

The Williams Companies, Inc. 0.50% 0.73%

Targa Resources Corp. 1.31% 0.46%

PG&E Corporation 0.50% 0.40%

DTE Energy Company 1.53% 0.38%

FirstEnergy Corp. 1.53% 0.35%

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%

The Southern Company 2.83%

Duke Energy Corporation 2.53%

ONE Gas, Inc. 2.22%

Only in IMCV

VALERO ENERGY CORP 1.84%

PHILLIPS 66 1.62%

AUTOMATIC DATA PROCESSING INC 1.55%

HEWLETT PACKARD ENTERPRISE 1.36%

US BANCORP 1.28%

PNC FINANCIAL SERVICES GROUP 1.26%

3M 1.22%

ELEVANCE HEALTH INC 1.21%

Check overlap with more funds →

On the same fields

EMLP

First Trust North American Energy Infrastructure Fund

IMCV

iShares Morningstar Mid-Cap 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% +20.8%

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

Gap to the S&P 500 −2.5 pts +3.6 pts

Expense ratio 0.95% 0.06%

Already in the S&P 500 42.9% 92.3%

Holdings 58 270

Net assets $4.1bn $1.1bn

EMLP and IMCV 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.

IMCV in plain words

IMCV tracks an index. Over the year to Oct 9, 2026 it returned +20.8% with distributions reinvested, against +17.3% for the S&P 500 and +23.6% for the Nasdaq-100. The prospectus expense ratio is 0.06% a year. By its holdings published by its issuer for Oct 8, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 270 positions, with the top ten at 13.6%. It sat 3.7% below its high of Aug 24, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, EMLP or IMCV?: In the year to Oct 9, 2026, with distributions reinvested, EMLP returned +14.8% and IMCV +20.8%.
Which is cheaper, EMLP or IMCV?: IMCV is cheaper, by 0.89 percentage points a year. On $10,000 held for a year that difference is about $89. Fees come from each fund's prospectus.
How much do EMLP and IMCV overlap with the S&P 500?: By their latest filed holdings, 43% of EMLP and 92% of IMCV by weight is stocks the S&P 500 already holds.

Other comparisons

EMLP vs FXO EMLP vs REGL EMLP vs PKW EMLP vs VFMF IMCV vs MDYV IMCV vs PKW IMCV vs REGL FTA vs IMCV

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

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

Open data

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