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EMLP vs FCAL

First Trust North American Energy Infrastructure Fund vs First Trust California Municipal High Income ETF

EMLP

First Trust North American Energy Infrastructure Fund

Annual cost

0.95%

Fund size

$4.1B

FCAL

First Trust California Municipal High Income ETF

Annual cost

0.49%

Fund size

$205M

Key differences

  • FCAL costs 0.46% less per year.
  • EMLP is significantly larger than FCAL — larger funds tend to be more liquid and less likely to close.
  • EMLP is classified as equity, while FCAL is fixed income — different risk/return profiles.
  • Over the last 3 years, EMLP has delivered higher annualized returns.
  • EMLP has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

EMLPFCAL
Annual cost (TER)0.95%0.49%
Fund size (AUM)$4.1B$205M
Since20122017
Dividend yield2.69%3.32%
Asset classequityfixed income
Region
Strategyindex trackingindex tracking
CAGR 1Y+22.5%+6.5%
CAGR 3Y+22.0%+3.6%
CAGR 5Y+16.6%+0.7%
Sharpe 3Y1.330.02
Volatility 1Y9.80%2.73%
Max drawdown-43.61%-14.81%

Similar to EMLP and FCAL