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

In the year to Oct 9, 2026, with distributions reinvested, EMLP returned +14.8% and VOE +19.3%.

Which is cheaper, EMLP or VOE?

VOE is cheaper, by 0.90 percentage points a year. On $10,000 held for a year that difference is about $90. Fees come from each fund's prospectus.

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

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

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EMLP vs VOE: how they differ

EMLP and VOE hold 12% of their weight in the same names, and VOE returned +19.3% over the year. First Trust North American Energy Infrastructure Fund and Vanguard Morningstar Mid-Cap Value ETF.

VOE costs 0.90 points a year less; their one-year returns differ by 4.5 points; VOE is 5.6 times larger.

	EMLP	VOE
Expense ratio	0.95%	0.05%
Net assets, EMLP as of Oct 9, 2026 and VOE as of Sep 30, 2026	$4.1bn	$22.8bn
Total return, 1 year	+14.8%	+19.3%
Holdings in common	12%
Nasdaq-100, total return, 1 year	+23.6%
Top ten holdings, share of the fund	42.7%	13.9%
Below its high	4.8%, high on Jul 23, 2026	3.7%, high on Aug 14, 2026

Holdings in common uses holdings dated Aug 31, 2026 and Oct 9, 2026.

+14.8%

EMLP total return, 1 year

+19.3%

VOE total return, 1 year

0.95%

EMLP expense ratio

0.05%

VOE expense ratio

What they hold in common

By the books each fund has filed, EMLP and VOE hold 12% 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 Aug 31, 2026 and Oct 9, 2026.

50%

half

12% in common

Positions both hold, largest shared weight first

Holding EMLP VOE

Cheniere Energy, Inc. 1.66% 1.01%

ONEOK, Inc. 2.31% 1.00%

Dominion Energy, Inc. 1.36% 0.96%

Sempra 2.03% 0.88%

Entergy Corporation 2.32% 0.84%

Xcel Energy Inc. 1.81% 0.78%

Public Service Enterprise Group Incorporated 1.85% 0.60%

WEC Energy Group, Inc. 1.54% 0.57%

American Electric Power Company, Inc. 2.32% 0.55%

Kinder Morgan, Inc. 3.88% 0.51%

The Williams Companies, Inc. 0.50% 0.76%

Ameren Corporation 1.02% 0.49%

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 VOE

Marathon Petroleum Corp 1.80%

Valero Energy Corp 1.76%

Phillips 66 1.64%

SLB Ltd 1.49%

General Motors Co 1.29%

Target Corp 1.21%

Hewlett Packard Enterprise Co 1.15%

Warner Bros Discovery Inc 1.12%

Check overlap with more funds →

On the same fields

EMLP

First Trust North American Energy Infrastructure Fund

VOE

Vanguard Morningstar Mid-Cap Value ETF

Where it sits Stock ETF Stock ETF

Issuer First Trust Vanguard

What it is Actively managed Tracks an index of Mid-Cap Value

Total return, 1 year +14.8% +19.3%

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

Gap to the S&P 500 −2.5 pts +2.1 pts

Expense ratio 0.95% 0.05%

Already in the S&P 500 42.9% 96.0%

Holdings 58 170

Net assets, EMLP as of Oct 9, 2026 and VOE as of Sep 30, 2026 $4.1bn $22.8bn

EMLP and VOE 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.

VOE in plain words

VOE tracks an index of Mid-Cap Value. Over the year to Oct 9, 2026 it returned +19.3% with distributions reinvested, against +17.3% for the S&P 500 and +23.6% for the Nasdaq-100. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Aug 31, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 170 positions, with the top ten at 13.9%. It sat 3.7% below its high of Aug 14, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, EMLP or VOE?: In the year to Oct 9, 2026, with distributions reinvested, EMLP returned +14.8% and VOE +19.3%.
Which is cheaper, EMLP or VOE?: VOE is cheaper, by 0.90 percentage points a year. On $10,000 held for a year that difference is about $90. Fees come from each fund's prospectus.
How much do EMLP and VOE overlap with the S&P 500?: By their latest filed holdings, 43% of EMLP and 96% of VOE by weight is stocks the S&P 500 already holds.

Other comparisons

EMLP vs SDY COWZ vs EMLP EMLP vs VFLO EMLP vs WTV VOE vs WTV MDYV vs VOE PKW vs VOE REGL vs VOE

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

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

Open data

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