EMLPvsAIRRETF Comparison
ETF 1
EMLP
First Trust North American Energy Infrastructure ETF
This fund is part of
Infrastructure
+0.13%
VS
ETF 2
AIRR
First Trust RBA American Industrial Renaissance ETF
This fund is part of
Infrastructure
+0.13%
First Trust North American Energy Infrastructure ETF (EMLP) and First Trust RBA American Industrial Renaissance ETF (AIRR) belong to the same industry segment: Infrastructure. EMLP's top 3 sector exposures are Energy, Utilities and Industrials. In contrast, AIRR's top sector exposures are Industrials, Non-Energy Materials and Finance. EMLP is more expensive with a Total Expense Ratio (TER) of 0.95%, versus 0.69% for AIRR. EMLP is up 18.41% year-to-date (YTD) with +$271M in YTD flows. AIRR performs worse with -2.65% YTD performance, and +$2.29B in YTD flows. Run a side-by-side ETF comparison of EMLP and AIRR 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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EMLP vs AIRR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EMLP AIRR | +4.67%-9.22% | -1.39%-22.98% | +18.41%-2.65% | +18.73%-1.40% | +84.36%+102.47% | +102.74%+121.21% |
| Flows | EMLP AIRR | +$6M-$177M | +$98M-$123M | +$271M+$2.29B | +$208M+$2.85B | +$431M+$6.95B | +$473M+$7.18B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EMLP AIRR | +10.95%+27.52% | +10.93%+27.95% | +12.79%+26.51% | +14.47%+25.79% |
| Max drawdown | EMLP AIRR | -7.85%-23.40% | -7.85%-28.25% | -11.35%-28.25% | -14.41%-28.25% |
| Max drawdown duration | EMLP AIRR | 89d67d | 89d123d | 177d123d | 329d123d |
Trading data
EMLP | AIRR | |
Last sale 10/26/2026 at 1:30 PM | $43.88 | $96.79 |
| Previous close 10/23/2026 | $43.83 | $95.62 |
| Consolidated volume 10/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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EMLP
is actively managed and doesn’t replicate an indexEMLP | AIRR | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/26/2026 at 1:30 PM
Live
Closed
EMLP | AIRR | |
|---|---|---|
| Last price | $43.88 | $96.79 |
| 1D performance | +0.11% | +1.22% |
| AuM | $4.20 B | $8.12 B |
| E/R | 0.95% | 0.69% |
Characteristics
EMLP | AIRR | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | First Trust | First Trust |
| Benchmark | - | Richard Bernstein Advisors American Industrial Renaissance Index |
| N° of holdings | 56 | 57 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 20, 2012 | March 10, 2014 |
| ESG | No | No |
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Exposure
Countries
EMLP
USA
89.11%
Other
10.89%
AIRR
USA
99.74%
Other
0.26%
Sectors
EMLP
Energy
46.16%
Utilities
42%
Other
11.84%
AIRR
Industrials
78.24%
Non-Energy Materi.
10.16%
Finance
7.31%
Other
4.29%
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Diversification
EMLP
Total weight of top 15 holdings out of 15
52.5%
AIRR
Total weight of top 15 holdings out of 15
43.93%
Top 15 holdings
Data as of August 31, 2026
EMLP
Enterprise Products Partners LP
9.01%
Energy Transfer LP
7.63%
Plains GP Holdings LP
4.55%
MPLX LP
4.29%
National Fuel Gas Co.
3.96%
Kinder Morgan, Inc.
3.64%
PPL Corp.
2.60%
The Southern Co.
2.46%
ONEOK, Inc.
2.36%
ONE Gas, Inc.
2.25%
Duke Energy Corp.
2.19%
Entergy Corp.
2.10%
Sempra
1.86%
Cheniere Energy, Inc.
1.85%
American Electric Power Co., Inc.
1.75%
AIRR
IES Holdings, Inc.
3.57%
Kratos Defense & Security Solutions, Inc.
3.52%
BWX Technologies, Inc.
3.25%
SPX Technologies, Inc.
3.16%
Owens Corning
3.15%
Nextpower, Inc.
2.93%
Karman Holdings, Inc.
2.86%
Huntington Ingalls Industries, Inc.
2.85%
RBC Bearings, Inc.
2.76%
Saia, Inc.
2.69%
Clean Harbors, Inc.
2.67%
Powell Industries, Inc.
2.66%
C.H. Robinson Worldwide, Inc.
2.66%
Forgent Power Solutions, Inc.
2.62%
Dycom Industries, Inc.
2.58%
Frequently asked questions about EMLP and AIRR
How have the EMLP and AIRR ETFs performed in 2026?
As of October 23, 2026, EMLP is up 18.41% year-to-date (YTD), while AIRR has lost -2.65%. That puts EMLP better performer ahead so far this year.
Which ETF is attracting more investor money: EMLP or AIRR?
Year-to-date, the EMLP ETF saw +$271M in flows, compared to +$2.29B for AIRR.
Which ETF is more volatile: EMLP or AIRR?
Over the past year, EMLP had a volatility of 10.93%, while AIRR experienced 27.95%.
Which ETF is bigger: EMLP or AIRR?
As of October 23, 2026, EMLP holds $4.20 B in assets under management (AUM), while AIRR manages $8.12 B.
What sectors do the EMLP and AIRR ETFs invest in?
EMLP leans toward sectors like Energy and Utilities. Meanwhile, AIRR focuses on Industrials, Non-Energy Materials and Finance.
What are the top holdings of the EMLP ETF and AIRR ETF?
EMLP top holdings include Enterprise Products Partners LP, Energy Transfer LP and Plains GP Holdings LP. AIRR holds in its top three: IES Holdings, Inc., Kratos Defense & Security Solutions, Inc. and BWX Technologies, Inc..
Which ETF is more diversified: EMLP or AIRR?
EMLP holds 56 securities with 52.5% of its assets in the top 15. AIRR has 57 securities and a top 15 weight of 43.93%.
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Latest news about EMLP & AIRR
How to Obtain Real Asset Exposure by Investing in Infrastructure ETFs
December 14, 2023
EMLP
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