EIPIvsMDSTETF Comparison
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FT Energy Income Partners Enhanced Income ETF (EIPI) and Westwood Salient Enhanced Midstream Income ETF (MDST) belong to the same industry segment: Options Strategies. EIPI's top 3 sector exposures are Energy, Utilities and Industrials. In contrast, MDST's top sector exposures are Energy. EIPI is more expensive with a Total Expense Ratio (TER) of 1.11%, versus 0.8% for MDST. EIPI is up 22.64% year-to-date (YTD) with +$28M in YTD flows. MDST performs worse with 20.8% YTD performance, and +$101M in YTD flows. Run a side-by-side ETF comparison of EIPI and MDST below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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EIPI vs MDST performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/03/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EIPI MDST | +2.36%+2.67% | +5.07%+5.18% | +22.64%+20.80% | +25.55%+22.80% | n/an/a | n/an/a |
| Flows | EIPI MDST | -$2M+$10M | +$12M+$35M | +$28M+$101M | +$71M+$145M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EIPI MDST | +11.13%+14.52% | +10.14%+12.54% | n/an/a | n/an/a |
| Max drawdown | EIPI MDST | -2.68%-4.08% | -4.42%-5.89% | n/an/a | n/an/a |
| Max drawdown duration | EIPI MDST | 32d25d | 57d66d | n/an/a | n/an/a |
Trading data
EIPI | MDST | |
Last sale 9/4/2026 at 1:30 PM | $22.83 | $29.57 |
| Previous close 09/03/2026 | $22.86 | $29.64 |
| Consolidated volume 09/03/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/4/2026 at 1:30 PM
Live
Closed
EIPI | MDST | |
|---|---|---|
| Last price | $22.83 | $29.57 |
| 1D performance | -0.13% | -0.24% |
| AuM | $1.11 B | $299.57 M |
| E/R | 1.11% | 0.8% |
Characteristics
EIPI | MDST | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | First Trust | Westwood |
| Benchmark | - | - |
| N° of holdings | 73 | 24 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 6, 2024 | April 9, 2024 |
| ESG | No | No |
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Exposure
Countries
EIPI
USA
83.99%
Other
16.01%
MDST
USA
77.71%
Canada
21.18%
Other
1.12%
Sectors
EIPI
Energy
58.89%
Utilities
26.65%
Other
14.46%
MDST
Energy
98.88%
Other
1.12%
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Diversification
EIPI
Total weight of top 15 holdings out of 15
47.74%
MDST
Total weight of top 15 holdings out of 15
86.33%
Top 15 holdings
Data as of July 31, 2026
EIPI
Enterprise Products Partners LP
8.47%
Energy Transfer LP
6.73%
MPLX LP
4.51%
Kinder Morgan, Inc.
3.77%
ONEOK, Inc.
3.09%
Shell Plc
2.82%
National Fuel Gas Co.
2.66%
Duke Energy Corp.
2.34%
EOG Resources, Inc.
2.28%
Plains GP Holdings LP
2.16%
The Williams Cos., Inc.
1.89%
The Southern Co.
1.87%
Public Service Enterprise Group, Inc.
1.75%
Entergy Corp.
1.71%
Cheniere Energy Partners LP
1.69%
MDST
Energy Transfer LP
9.14%
Enbridge, Inc.
8.72%
The Williams Cos., Inc.
8.15%
Enterprise Products Partners LP
6.82%
DT Midstream, Inc.
6.05%
Kinder Morgan, Inc.
5.58%
Cheniere Energy, Inc.
4.88%
TC Energy Corp.
4.79%
ONEOK, Inc.
4.77%
Plains GP Holdings LP
4.75%
Targa Resources Corp.
4.66%
MPLX LP
4.63%
South Bow Corp.
4.60%
Antero Midstream Corp.
4.49%
Hess Midstream LP
4.30%
Frequently asked questions about EIPI and MDST
How have the EIPI and MDST ETFs performed in 2026?
As of September 3, 2026, EIPI is up 22.64% year-to-date (YTD), while MDST has returned 20.8%. That puts EIPI better performer ahead so far this year.
Which ETF is attracting more investor money: EIPI or MDST?
Year-to-date, the EIPI ETF saw +$28M in flows, compared to +$101M for MDST.
Which ETF is more volatile: EIPI or MDST?
Over the past year, EIPI had a volatility of 10.14%, while MDST experienced 12.54%.
Which ETF is bigger: EIPI or MDST?
As of September 3, 2026, EIPI holds $1.11 B in assets under management (AUM), while MDST manages $299.57 M.
What sectors do the EIPI and MDST ETFs invest in?
EIPI leans toward sectors like Energy and Utilities. Meanwhile, MDST focuses on Energy.
What are the top holdings of the EIPI ETF and MDST ETF?
EIPI top holdings include Enterprise Products Partners LP, Energy Transfer LP and MPLX LP. MDST holds in its top three: Energy Transfer LP, Enbridge, Inc. and The Williams Cos., Inc..
Which ETF is more diversified: EIPI or MDST?
EIPI holds 73 securities with 47.74% of its assets in the top 15. MDST has 24 securities and a top 15 weight of 86.33%.
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Latest news about EIPI & MDST
Westwood Launches BFRE ETF: A New Approach to Global Equity Investing
March 27, 2025
MDST
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