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

In the year to Oct 9, 2026, with distributions reinvested, EMLP returned +14.8% and NOBL +9.8%.

Which is cheaper, EMLP or NOBL?

NOBL is cheaper, by 0.60 percentage points a year. On $10,000 held for a year that difference is about $60. Fees come from each fund's prospectus.

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

By their latest filed holdings, 43% of EMLP and 100% of NOBL by weight is stocks the S&P 500 already holds.

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EMLP vs NOBL: how they differ

EMLP and NOBL hold 3% of their weight in the same names, and EMLP returned +14.8% over the year. First Trust North American Energy Infrastructure Fund and ProShares S&P 500 Dividend Aristocrats ETF.

NOBL costs 0.60 points a year less; their one-year returns differ by 5.0 points; NOBL is 2.8 times larger.

	EMLP	NOBL
Expense ratio	0.95%	0.35%
Net assets	$4.1bn	$11.2bn
Total return, 1 year	+14.8%	+9.8%
Holdings in common	3%
Nasdaq-100, total return, 1 year	+23.6%
Top ten holdings, share of the fund	42.7%	16.7%
Below its high	4.8%, high on Jul 23, 2026	6.3%, high on Aug 24, 2026

Holdings in common uses holdings dated Oct 9, 2026.

+14.8%

EMLP total return, 1 year

+9.8%

NOBL total return, 1 year

0.95%

EMLP expense ratio

0.35%

NOBL expense ratio

What they hold in common

By the books each fund has filed, EMLP and NOBL 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 9, 2026.

50%

half

3% in common

Positions both hold, largest shared weight first

Holding EMLP NOBL

Atmos Energy Corporation 1.29% 1.34%

NextEra Energy, Inc. 1.57% 1.28%

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 NOBL

BECTON DICKINSON AND CO 1.78%

FACTSET RESEARCH SYSTEMS INC 1.73%

EMERSON ELECTRIC CO 1.71%

NORDSON CORP 1.67%

FASTENAL CO 1.66%

AUTOMATIC DATA PROCESSING 1.65%

TARGET CORP 1.65%

CHEVRON CORP 1.63%

Check overlap with more funds →

On the same fields

EMLP

First Trust North American Energy Infrastructure Fund

NOBL

ProShares S&P 500 Dividend Aristocrats ETF

Where it sits Stock ETF Stock ETF

Issuer First Trust ProShares

What it is Actively managed Tracks the S&P 500 Dividend Aristocrats

Total return, 1 year +14.8% +9.8%

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

Gap to the S&P 500 −2.5 pts −7.4 pts

Expense ratio 0.95% 0.35%

Already in the S&P 500 42.9% 99.7%

Holdings 58 69

Net assets $4.1bn $11.2bn

EMLP and NOBL 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.

NOBL in plain words

NOBL tracks the S&P 500 Dividend Aristocrats. Over the year to Oct 9, 2026 it returned +9.8% with distributions reinvested, against +17.3% for the S&P 500 and +23.6% for the Nasdaq-100. The prospectus expense ratio is 0.35% a year. By its holdings published by its issuer for Oct 9, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 69 positions, with the top ten at 16.7%. It sat 6.3% below its high of Aug 24, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, EMLP or NOBL?: In the year to Oct 9, 2026, with distributions reinvested, EMLP returned +14.8% and NOBL +9.8%.
Which is cheaper, EMLP or NOBL?: NOBL is cheaper, by 0.60 percentage points a year. On $10,000 held for a year that difference is about $60. Fees come from each fund's prospectus.
How much do EMLP and NOBL overlap with the S&P 500?: By their latest filed holdings, 43% of EMLP and 100% of NOBL by weight is stocks the S&P 500 already holds.

Other comparisons

EMLP vs IWS EMLP vs VFLO EMLP vs FVD EMLP vs MDYV NOBL vs WTV MDYV vs NOBL FVD vs NOBL NOBL vs VFLO

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

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

Open data

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