EMLP vs CMF

Comparison between FIRST TRUST NORTH AMERICAN ENERGY INFRASTRUCTURE FUND (EMLP, ETF) and ISHARES CALIFORNIA MUNI BOND ETF (CMF, ETF).

5-Year PerformanceEMLP has outperformed CMF, delivering a return of +16.0% compared to +0.6%

EMLP vs CMF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EMLP(ETF)	CMF(ETF)
Net Assets	$4B	$4.10B
Expense Ratio	0.95%	0.08%
Max Drawdown	48.01%	22.81%
Sharpe Ratio	1.69	0.72
5Y Beta	0.40	0.03
P/E Ratio	17.96	N/A
Forward P/E	16.54	N/A
PEG Ratio	0.15	N/A
5Y Dividends CAGR	4.58%	11.08%
5Y EPS CAGR	13.87%	N/A
P/S Ratio	1.16	N/A
P/B Ratio	2.53	N/A

Net Assets

EMLP

$4B

Winner

CMF

$4.10B

Expense Ratio

EMLP

0.95%

Winner

CMF

0.08%

Max Drawdown

EMLP

48.01%

Winner

CMF

22.81%

Sharpe Ratio

Winner

EMLP

1.69

CMF

0.72

5Y Beta

EMLP

0.40

Winner

CMF

0.03

P/E Ratio

EMLP

17.96

CMF

N/A

Forward P/E

EMLP

16.54

CMF

N/A

PEG Ratio

EMLP

0.15

CMF

N/A

5Y Dividends CAGR

EMLP

4.58%

Winner

CMF

11.08%

5Y EPS CAGR

EMLP

13.87%

CMF

N/A

P/S Ratio

EMLP

1.16

CMF

N/A

P/B Ratio

EMLP

2.53

CMF

N/A

EMLP vs CMF - Historical Returns

Returns include dividend reinvestment.

Period	EMLP	CMF
1 month	-2.25%	+0.35%
3 months	+5.92%	-0.46%
6 months	+14.54%	+1.19%
1 year	+21.64%	+6.02%
5 years(CAGR)	+16.02%	+0.64%
10 years(CAGR)	+10.81%	+1.73%
Max(CAGR)	+9.70%	+3.29%

EMLP

-2.25%

Winner

CMF

+0.35%

Winner

EMLP

+5.92%

CMF

-0.46%

Winner

EMLP

+14.54%

CMF

+1.19%

Winner

EMLP

+21.64%

CMF

+6.02%

5Y(CAGR)

Winner

EMLP

+16.02%

CMF

+0.64%

10Y(CAGR)

Winner

EMLP

+10.81%

CMF

+1.73%

Max(CAGR)

Winner

EMLP

+9.70%

CMF

+3.29%

EMLP vs CMF - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	EMLP	CMF
2026	+13.43%	+0.58%
2025	+9.02%	+3.22%
2024	+32.40%	+1.78%
2023	+9.13%	+5.24%
2022	+9.95%	-8.18%
2021	+25.39%	+0.77%
2020	-12.95%	+4.50%
2019	+23.62%	+7.01%
2018	-9.37%	+0.92%
2017	+0.83%	+4.69%
2016	+29.40%	-0.37%
2015	-25.87%	+3.00%
2014	+25.38%	+10.66%
2013	+13.77%	-3.23%
2012	+6.34%	+7.34%
2011	N/A	+15.75%
2010	N/A	-2.55%
2009	N/A	+8.14%
2008	N/A	+0.64%
2007	N/A	+1.37%

EMLP vs CMF Drawdown Comparison

The maximum drawdown for EMLP was -43.61%, occurring on Mar 23, 2020. Recovery took 324 trading sessions.

The maximum drawdown for CMF was -16.45%, occurring on Jun 10, 2015. Recovery took 1295 trading sessions.

The current EMLP drawdown is -3.71%. The current CMF drawdown is -1.23%.

Rank	EMLP	CMF
#1	-43.61% Feb 20, 2020 - Jun 3, 2021	-16.45% Dec 26, 2014 - Feb 20, 2020
#2	-35.59% Dec 29, 2014 - Mar 11, 2019	-14.57% Mar 9, 2020 - Jul 16, 2020
#3	-14.59% Jun 7, 2022 - Aug 18, 2022	-13.25% May 21, 2008 - Jan 7, 2009
#4	-14.40% Aug 25, 2022 - Jul 21, 2023	-12.46% Aug 3, 2021 - Sep 18, 2025
#5	-11.47% Jan 21, 2025 - Jul 18, 2025	-11.65% Sep 1, 2010 - Aug 2, 2011
#6	-9.73% Sep 5, 2014 - Nov 18, 2014	-10.57% Nov 30, 2012 - Apr 10, 2014
#7	-8.84% Jul 24, 2023 - Dec 1, 2023	-5.15% Jan 22, 2008 - May 21, 2008
#8	-8.83% Oct 17, 2012 - Jan 10, 2013	-4.75% Apr 27, 2009 - Aug 17, 2009
#9	-8.75% Nov 29, 2024 - Jan 21, 2025	-4.19% Sep 24, 2009 - Apr 27, 2010
#10	-8.38% May 21, 2013 - Feb 10, 2014	-3.80% Apr 18, 2012 - Sep 28, 2012
#11	-8.35% Apr 20, 2022 - Jun 7, 2022	-3.05% Jan 14, 2009 - Feb 9, 2009
#12	-7.35% Nov 26, 2014 - Dec 26, 2014	-2.91% Feb 27, 2026 - Mar 24, 2026
#13	-7.09% Jun 15, 2021 - Oct 19, 2021	-2.89% Sep 22, 2011 - Dec 8, 2011
#14	-6.72% Oct 20, 2021 - Jan 7, 2022	-2.72% Feb 11, 2009 - Mar 24, 2009
#15	-5.69% Sep 23, 2019 - Dec 24, 2019	-2.18% Feb 12, 2021 - Jun 11, 2021

Correlation

Correlation between EMLP and CMF is 0.69 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.69

-101

Dividend Comparison (2007 - 2026)

EMLP vs CMF dividend yield comparison.

Year	EMLP	CMF
2026	0.69%	0.98%
2025	3.18%	2.94%
2024	3.19%	2.78%
2023	3.92%	2.29%
2022	3.15%	1.91%
2021	3.29%	1.58%
2020	4.70%	1.80%
2019	3.71%	2.03%
2018	4.71%	2.17%
2017	3.80%	2.09%
2016	3.62%	2.21%
2015	4.63%	2.55%
2014	3.08%	2.80%
2013	3.30%	3.12%
2012	1.20%	3.08%
2011	0.00%	3.66%
2010	0.00%	4.19%
2009	0.00%	3.77%
2008	0.00%	3.52%
2007	0.00%	0.82%