EMLPvsNBETETF Comparison
ETF 1
EMLP
First Trust North American Energy Infrastructure ETF
This fund is part of
Infrastructure
-0.15%
VS
ETF 2
NBET
Neuberger Berman Carbon Transition & Infrastructure ETF
This fund is part of
Multiple Trends
+0.03%
First Trust North American Energy Infrastructure ETF (EMLP) belongs to the Infrastructure segment. Neuberger Berman Carbon Transition & Infrastructure ETF (NBET) is part of the Multiple Trends segment. EMLP's top 3 sector exposures are Utilities, Energy and Industrials. In contrast, NBET's top sector exposures are Energy, Utilities and Industrials. EMLP is less expensive with a Total Expense Ratio (TER) of 0.95%, versus 2.56% for NBET. EMLP is up 16.67% year-to-date (YTD) with +$72M in YTD flows. NBET performs better with 24.62% YTD performance, and +$8M in YTD flows. Run a side-by-side ETF comparison of EMLP and NBET 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 NBET performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EMLP NBET | -0.18%-2.37% | +10.29%+15.81% | +16.67%+24.62% | +23.20%+31.98% | +79.24%+80.40% | +116.83%n/a |
| Flows | EMLP NBET | -$13M+$2M | +$72M+$6M | +$72M+$8M | +$194M+$15M | +$95M+$4M | +$343M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EMLP NBET | +11.01%+15.26% | +9.78%+14.33% | +12.92%+17.32% | +14.60%n/a |
| Max drawdown | EMLP NBET | -3.27%-6.91% | -3.85%-6.91% | -11.35%-18.70% | -14.41%n/a |
| Max drawdown duration | EMLP NBET | 19d30d | 45d30d | 177d226d | 329dn/a |
Trading data
EMLP | NBET | |
Last sale 4/30/2026 at 5:09 PM | $44.60 | $40.83 |
| Previous close 04/29/2026 | $43.88 | $40.83 |
| Consolidated volume 04/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 4/30/2026 at 5:09 PM
Live
Closed
EMLP | NBET | |
|---|---|---|
| Last price | $44.60 | $40.83 |
| 1D performance | +1.64% | +0.00% |
| AuM | $3.99 B | $43.51 M |
| E/R | 0.95% | 2.56% |
Characteristics
EMLP | NBET | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | First Trust | Neuberger Berman |
| Benchmark | - | - |
| N° of holdings | 59 | 25 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 20, 2012 | April 6, 2022 |
| ESG | No | Yes |
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Exposure
Countries
EMLP
USA
87.81%
Other
12.19%
NBET
USA
72.68%
Other
27.32%
Sectors
EMLP
Utilities
48.87%
Energy
39.68%
Other
11.45%
NBET
Energy
64.83%
Utilities
8.6%
Other
26.56%
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Diversification
EMLP
Total weight of top 15 holdings out of 15
49.44%
NBET
Total weight of top 15 holdings out of 15
61.35%
Top 15 holdings
Data as of March 31, 2026
EMLP
ENERGY TRANSFER LP UNITS
7.24%
ENTERPRISE PRODUCTS PARTNERS UNT
7.12%
MPLX COMMON UNITS
4.12%
PLAINS GP HOLDINGS
3.85%
KINDER MORGAN
3.79%
NFG
3.67%
SOUTHERN
2.75%
PPL
2.66%
ENTERGY
2.40%
AMERICAN ELECTRIC POWER
2.03%
ONEOK
2.00%
DUKE ENERGY
2.00%
ONE GAS INC
1.96%
SUNOCO LP
1.93%
SEMPRA ENERGY
1.92%
NBET
TARGA RESOURCS
8.86%
CHENIERE ENERGY
6.27%
DT MIDSTREAM INC
5.57%
WILLIAMS
5.21%
ANTERO MIDSTREAM CORPORATION
3.99%
CLEARWAY ENERGY INC
3.97%
ANTERO RESOURCES
3.94%
OCCIDENTAL U
3.35%
CHEVRON TEXACO
3.24%
EXXON
3.24%
SEMPRA ENERGY
3.09%
PLAINS GP HOLDINGS
2.85%
KINETIK HOLDINGS INC
2.70%
CALIFORNIA RESOURCES
2.56%
EQT
2.52%
Frequently asked questions about EMLP and NBET
How have the EMLP and NBET ETFs performed in 2026?
As of April 28, 2026, EMLP is up 16.67% year-to-date (YTD), while NBET has returned 24.62%. That puts NBET better performer ahead so far this year.
Which ETF is attracting more investor money: EMLP or NBET?
Year-to-date, the EMLP ETF saw +$72M in flows, compared to +$8M for NBET.
Which ETF is more volatile: EMLP or NBET?
Over the past year, EMLP had a volatility of 9.78%, while NBET experienced 14.33%.
Which ETF is bigger: EMLP or NBET?
As of April 28, 2026, EMLP holds $3.99 B in assets under management (AUM), while NBET manages $43.51 M.
What sectors do the EMLP and NBET ETFs invest in?
EMLP leans toward sectors like Utilities and Energy. Meanwhile, NBET focuses on Energy and Utilities.
What are the top holdings of the EMLP ETF and NBET ETF?
EMLP top holdings include ENERGY TRANSFER LP UNITS, ENTERPRISE PRODUCTS PARTNERS UNT and MPLX COMMON UNITS. NBET holds in its top three: TARGA RESOURCS, CHENIERE ENERGY and DT MIDSTREAM INC.
Which ETF is more diversified: EMLP or NBET?
EMLP holds 60 securities with 49.44% of its assets in the top 15. NBET has 26 securities and a top 15 weight of 61.35%.
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Latest news about EMLP & NBET
How to Obtain Real Asset Exposure by Investing in Infrastructure ETFs
December 14, 2023
EMLP
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