EMLP vs PZA

Comparison between FIRST TRUST NORTH AMERICAN ENERGY INFRASTRUCTURE FUND (EMLP, ETF) and INVESCO NATIONAL AMT-FREE MUNICIPAL BOND ETF (PZA, ETF).

5-Year PerformanceEMLP has outperformed PZA, delivering a return of +16.2% compared to -0.3%

EMLP vs PZA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EMLP(ETF)	PZA(ETF)
Net Assets	$4.10B	$4.20B
Expense Ratio	0.95%	0.28%
Max Drawdown	48.01%	27.00%
Sharpe Ratio	1.28	0.91
5Y Beta	0.34	0.05
P/E Ratio	18.69	N/A
Forward P/E	16.36	N/A
PEG Ratio	0.62	N/A
5Y Dividends CAGR	5.73%	6.50%
5Y EPS CAGR	11.52%	N/A
P/S Ratio	1.14	N/A
P/B Ratio	2.51	N/A

Net Assets

EMLP

$4.10B

Winner

PZA

$4.20B

Expense Ratio

EMLP

0.95%

Winner

PZA

0.28%

Max Drawdown

EMLP

48.01%

Winner

PZA

27.00%

Sharpe Ratio

Winner

EMLP

1.28

PZA

0.91

5Y Beta

EMLP

0.34

Winner

PZA

0.05

P/E Ratio

EMLP

18.69

PZA

N/A

Forward P/E

EMLP

16.36

PZA

N/A

PEG Ratio

EMLP

0.62

PZA

N/A

5Y Dividends CAGR

EMLP

5.73%

Winner

PZA

6.50%

5Y EPS CAGR

EMLP

11.52%

PZA

N/A

P/S Ratio

EMLP

1.14

PZA

N/A

P/B Ratio

EMLP

2.51

PZA

N/A

EMLP vs PZA - Historical Returns

Returns include dividend reinvestment.

Period	EMLP	PZA
1 month	-1.54%	-1.34%
3 months	+0.62%	-0.12%
6 months	+8.02%	+0.65%
1 year	+17.59%	+7.86%
5 years(CAGR)	+16.16%	-0.29%
10 years(CAGR)	+9.78%	+1.70%
Max(CAGR)	+9.64%	+3.17%

EMLP

-1.54%

Winner

PZA

-1.34%

Winner

EMLP

+0.62%

PZA

-0.12%

Winner

EMLP

+8.02%

PZA

+0.65%

Winner

EMLP

+17.59%

PZA

+7.86%

5Y(CAGR)

Winner

EMLP

+16.16%

PZA

-0.29%

10Y(CAGR)

Winner

EMLP

+9.78%

PZA

+1.70%

Max(CAGR)

Winner

EMLP

+9.64%

PZA

+3.17%

EMLP vs PZA - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	EMLP	PZA
2026	+15.19%	+1.41%
2025	+9.02%	+1.38%
2024	+32.40%	+0.81%
2023	+9.13%	+7.75%
2022	+9.95%	-13.00%
2021	+25.39%	+2.26%
2020	-12.95%	+4.91%
2019	+23.62%	+8.48%
2018	-9.37%	+0.07%
2017	+0.83%	+6.78%
2016	+29.40%	+0.62%
2015	-25.87%	+3.65%
2014	+25.38%	+15.05%
2013	+13.77%	-6.96%
2012	+6.34%	+9.84%
2011	N/A	+13.58%
2010	N/A	-0.41%
2009	N/A	+17.92%
2008	N/A	-12.12%
2007	N/A	+0.75%

EMLP vs PZA Drawdown Comparison

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

The maximum drawdown for PZA was -24.48%, occurring on Oct 15, 2008. Recovery took 416 trading sessions.

The current EMLP drawdown is -3.14%. The current PZA drawdown is -1.87%.

Rank	EMLP	PZA
#1	-43.61% Feb 20, 2020 - Jun 3, 2021	-24.48% Jan 17, 2008 - Sep 11, 2009
#2	-35.59% Dec 29, 2014 - Mar 11, 2019	-21.69% Mar 9, 2020 - Dec 7, 2020
#3	-14.59% Jun 7, 2022 - Aug 18, 2022	-18.55% Jul 19, 2021 - Oct 25, 2022
#4	-14.40% Aug 25, 2022 - Jul 21, 2023	-12.46% Nov 30, 2012 - Jul 14, 2014
#5	-11.47% Jan 21, 2025 - Jul 18, 2025	-11.77% May 10, 2010 - Aug 3, 2011
#6	-9.73% Sep 5, 2014 - Nov 18, 2014	-7.07% Jul 8, 2016 - Aug 29, 2017
#7	-8.84% Jul 24, 2023 - Dec 1, 2023	-4.07% Oct 1, 2009 - Apr 27, 2010
#8	-8.83% Oct 17, 2012 - Jan 10, 2013	-3.43% Feb 2, 2015 - Nov 19, 2015
#9	-8.75% Nov 29, 2024 - Jan 21, 2025	-2.99% Dec 29, 2017 - Jan 2, 2019
#10	-8.38% May 21, 2013 - Feb 10, 2014	-2.99% Oct 24, 2007 - Jan 2, 2008
#11	-8.35% Apr 20, 2022 - Jun 7, 2022	-2.80% Feb 10, 2021 - May 28, 2021
#12	-7.35% Nov 26, 2014 - Dec 26, 2014	-2.29% Sep 22, 2011 - Dec 14, 2011
#13	-7.09% Jun 15, 2021 - Oct 19, 2021	-1.72% Sep 3, 2019 - Jan 6, 2020
#14	-6.72% Oct 20, 2021 - Jan 7, 2022	-1.72% Oct 15, 2014 - Dec 12, 2014
#15	-5.69% Sep 23, 2019 - Dec 24, 2019	-1.58% Feb 2, 2012 - Apr 13, 2012

Correlation

Correlation between EMLP and PZA is 0.64 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.64

-101

Dividend Comparison (2007 - 2026)

EMLP vs PZA dividend yield comparison.

Year	EMLP	PZA
2026	1.41%	2.19%
2025	3.18%	3.55%
2024	3.19%	3.22%
2023	3.92%	2.91%
2022	3.15%	2.68%
2021	3.29%	2.34%
2020	4.70%	2.44%
2019	3.71%	2.81%
2018	4.71%	3.19%
2017	3.80%	3.04%
2016	3.62%	3.23%
2015	4.63%	3.59%
2014	3.08%	3.96%
2013	3.30%	4.27%
2012	1.20%	4.11%
2011	0.00%	4.48%
2010	0.00%	4.90%
2009	0.00%	4.68%
2008	0.00%	5.07%
2007	0.00%	0.93%