TSPA vs EMLP

Comparison between T. ROWE PRICE U.S. EQUITY RESEARCH ETF (TSPA, ETF) and FIRST TRUST NORTH AMERICAN ENERGY INFRASTRUCTURE FUND (EMLP, ETF).

5-Year PerformanceEMLP has outperformed TSPA, delivering a return of +16.5% compared to +13.8%

TSPA vs EMLP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TSPA(ETF)	EMLP(ETF)
Net Assets	$4.10B	$4.10B
Expense Ratio	0.34%	0.95%
Max Drawdown	24.72%	48.01%
Sharpe Ratio	1.31	1.54
5Y Beta	0.97	0.36
P/E Ratio	30.17	19.23
Forward P/E	22.11	16.80
PEG Ratio	0.50	0.15
5Y Dividends CAGR	N/A	5.73%
5Y EPS CAGR	26.55%	11.85%
Debt to Equity	39.16%	N/A
P/S Ratio	4.02	1.20
P/B Ratio	5.89	2.55

Net Assets

TSPA

$4.10B

EMLP

$4.10B

Expense Ratio

Winner

TSPA

0.34%

EMLP

0.95%

Max Drawdown

Winner

TSPA

24.72%

EMLP

48.01%

Sharpe Ratio

TSPA

1.31

Winner

EMLP

1.54

5Y Beta

TSPA

0.97

Winner

EMLP

0.36

P/E Ratio

TSPA

30.17

Winner

EMLP

19.23

Forward P/E

TSPA

22.11

Winner

EMLP

16.80

PEG Ratio

TSPA

0.50

Winner

EMLP

0.15

5Y Dividends CAGR

TSPA

N/A

EMLP

5.73%

5Y EPS CAGR

Winner

TSPA

26.55%

EMLP

11.85%

Debt to Equity

TSPA

39.16%

EMLP

N/A

P/S Ratio

TSPA

4.02

Winner

EMLP

1.20

P/B Ratio

TSPA

5.89

Winner

EMLP

2.55

TSPA vs EMLP - Holdings Comparison

TSPA and EMLP have 17 common holdings. Overlap is 2.75%

TSPA's top 25 holdings weight is 52.53%. EMLP's top 25 holdings weight is 68.95%.

Rank	TSPA	EMLP
#1	NVIDIA CORP (NVDA) - 7.92%	ENERGY TRANSFER LP (ET) - 7.33%
#2	APPLE INC (AAPL) - 6.55%	ENTERPRISE PRODUCTS PARTNERS LP (EPD) - 7.04%
#3	MICROSOFT CORP (MSFT) - 4.79%	MORGAN STANLEY INSTL LQUDTY TRS INSTL (MISXX) - 4.86%
#4	AMAZON.COM INC (AMZN) - 4.32%	MPLX LP PARTNERSHIP UNITS (MPLX) - 4.17%
#5	ALPHABET INC CLASS C (GOOG) - 3.71%	PLAINS GP HOLDINGS LP CLASS A (PAGP) - 3.96%
#6	BROADCOM INC (AVGO) - 3.44%	KINDER MORGAN INC CLASS P (KMI) - 3.70%
#7	ALPHABET INC CLASS A (GOOGL) - 2.78%	NATIONAL FUEL GAS CO (NFG) - 3.46%
#8	META PLATFORMS INC CLASS A (META) - 2.32%	SOUTHERN CO (SO) - 2.73%
#9	TESLA INC (TSLA) - 1.63%	PPL CORP (PPL) - 2.53%
#10	ELI LILLY AND CO (LLY) - 1.30%	ENTERGY CORP (ETR) - 2.44%
#11	JPMORGAN CHASE & CO (JPM) - 1.29%	ONE GAS INC (OGS) - 2.20%
#12	ADVANCED MICRO DEVICES INC (AMD) - 1.16%	AMERICAN ELECTRIC POWER CO INC (AEP) - 2.13%
#13	VISA INC CLASS A (V) - 1.03%	DUKE ENERGY CORP (DUK) - 2.10%
#14	MICRON TECHNOLOGY INC (MU) - 0.98%	SUNOCO LP (SUN) - 2.05%
#15	INTEL CORP (INTC) - 0.97%	ONEOK INC (OKE) - 2.00%
#16	WALMART INC (WMT) - 0.95%	SEMPRA (SRE) - 1.84%
#17	EXXON MOBIL CORP (n/a) - 0.91%	EVERGY INC (EVRG) - 1.73%
#18	BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 0.89%	PUBLIC SERVICE ENTERPRISE GROUP INC (PEG) - 1.67%
#19	T-MOBILE US INC (TMUS) - 0.86%	CHENIERE ENERGY INC (LNG) - 1.64%
#20	NETFLIX INC (NFLX) - 0.85%	WEC ENERGY GROUP INC (WEC) - 1.61%
#21	JOHNSON & JOHNSON (JNJ) - 0.84%	CENTERPOINT ENERGY INC (CNP) - 1.60%
#22	CATERPILLAR INC (CAT) - 0.79%	WILLIAMS COMPANIES INC (WMB) - 1.56%
#23	COSTCO WHOLESALE CORP (COST) - 0.77%	OGE ENERGY CORP (OGE) - 1.56%
#24	CISCO SYSTEMS INC (CSCO) - 0.75%	FIRSTENERGY CORP (FE) - 1.53%
#25	MASTERCARD INC CLASS A (MA) - 0.73%	NEXTERA ENERGY INC (NEE) - 1.51%
Total Holdings	316	65

TSPA vs EMLP - Historical Returns

Returns include dividend reinvestment.

Period	TSPA	EMLP
1 month	+0.13%	+2.13%
3 months	+7.96%	+2.20%
6 months	+10.07%	+13.89%
1 year	+22.25%	+21.30%
5 years(CAGR)	+13.81%	+16.54%
10 years(CAGR)	N/A	+9.88%
Max(CAGR)	+14.26%	+9.76%

TSPA

+0.13%

Winner

EMLP

+2.13%

Winner

TSPA

+7.96%

EMLP

+2.20%

TSPA

+10.07%

Winner

EMLP

+13.89%

Winner

TSPA

+22.25%

EMLP

+21.30%

5Y(CAGR)

TSPA

+13.81%

Winner

EMLP

+16.54%

10Y(CAGR)

TSPA

N/A

EMLP

+9.88%

Max(CAGR)

Winner

TSPA

+14.26%

EMLP

+9.76%

TSPA vs EMLP - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	TSPA	EMLP
2026	+11.28%	+16.33%
2025	+16.49%	+9.02%
2024	+27.28%	+32.40%
2023	+30.41%	+9.13%
2022	-19.11%	+9.95%
2021	+13.72%	+25.39%
2020	N/A	-12.95%
2019	N/A	+23.62%
2018	N/A	-9.37%
2017	N/A	+0.83%
2016	N/A	+29.40%
2015	N/A	-25.87%
2014	N/A	+25.38%
2013	N/A	+13.77%
2012	N/A	+6.34%

TSPA vs EMLP Drawdown Comparison

The maximum drawdown for TSPA was -24.72%, occurring on Oct 12, 2022. Recovery took 478 trading sessions.

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

The current TSPA drawdown is -0.40%. The current EMLP drawdown is -1.25%.

Rank	TSPA	EMLP
#1	-24.72% Dec 29, 2021 - Nov 22, 2023	-43.61% Feb 20, 2020 - Jun 3, 2021
#2	-19.04% Feb 19, 2025 - Jun 27, 2025	-35.59% Dec 29, 2014 - Mar 11, 2019
#3	-9.24% Jan 29, 2026 - Apr 14, 2026	-14.59% Jun 7, 2022 - Aug 18, 2022
#4	-8.90% Jul 16, 2024 - Sep 19, 2024	-14.40% Aug 25, 2022 - Jul 21, 2023
#5	-5.49% Mar 28, 2024 - May 14, 2024	-11.47% Jan 21, 2025 - Jul 18, 2025
#6	-5.40% Oct 29, 2025 - Dec 11, 2025	-9.73% Sep 5, 2014 - Nov 18, 2014
#7	-4.78% Aug 30, 2021 - Oct 19, 2021	-8.84% Jul 24, 2023 - Dec 1, 2023
#8	-4.46% Jun 2, 2026 - Jun 10, 2026	-8.83% Oct 17, 2012 - Jan 10, 2013
#9	-4.16% Nov 16, 2021 - Dec 23, 2021	-8.75% Nov 29, 2024 - Jan 21, 2025
#10	-3.91% Dec 6, 2024 - Jan 22, 2025	-8.38% May 21, 2013 - Feb 10, 2014
#11	-2.97% Oct 8, 2025 - Oct 24, 2025	-8.35% Apr 20, 2022 - Jun 7, 2022
#12	-2.82% Jul 12, 2021 - Jul 23, 2021	-7.35% Nov 26, 2014 - Dec 26, 2014
#13	-2.77% Dec 11, 2025 - Dec 23, 2025	-7.09% Jun 15, 2021 - Oct 19, 2021
#14	-2.64% Oct 14, 2024 - Nov 6, 2024	-6.72% Oct 20, 2021 - Jan 7, 2022
#15	-2.59% Jan 12, 2026 - Jan 27, 2026	-5.69% Sep 23, 2019 - Dec 24, 2019

Correlation

Correlation between TSPA and EMLP is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.

0.96

-101

Dividend Comparison (2012 - 2026)

TSPA vs EMLP dividend yield comparison.

Year	TSPA	EMLP
2026	0.00%	1.39%
2025	0.62%	3.18%
2024	0.50%	3.19%
2023	0.41%	3.92%
2022	1.16%	3.15%
2021	0.43%	3.29%
2020	0.00%	4.70%
2019	0.00%	3.71%
2018	0.00%	4.71%
2017	0.00%	3.80%
2016	0.00%	3.62%
2015	0.00%	4.63%
2014	0.00%	3.08%
2013	0.00%	3.30%
2012	0.00%	1.20%