EMLPvsNBETETF Comparison
ETF 1
EMLP
First Trust North American Energy Infrastructure ETF
This fund is part of
Infrastructure
+0.26%
VS
ETF 2
NBET
Neuberger Berman Carbon Transition & Infrastructure ETF
This fund is part of
Multiple Trends
+0.97%
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. Both ETFs have the same top 3 sector exposures: Energy, Utilities and Industrials. EMLP is less expensive with a Total Expense Ratio (TER) of 0.95%, versus 2.1% for NBET. EMLP is up 17.74% year-to-date (YTD) with +$237M in YTD flows. NBET performs better with 31.41% YTD performance, and +$13M 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 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EMLP NBET | +0.93%+3.53% | +2.18%+7.55% | +17.74%+31.41% | +20.02%+32.75% | +77.80%+93.10% | +111.51%n/a |
| Flows | EMLP NBET | +$29M+$1M | +$82M+$3M | +$237M+$13M | +$309M+$19M | +$348M+$8M | +$453M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EMLP NBET | +10.94%+16.32% | +10.58%+15.48% | +12.93%+17.68% | +14.50%n/a |
| Max drawdown | EMLP NBET | -3.13%-4.84% | -4.93%-7.88% | -11.35%-17.36% | -14.41%n/a |
| Max drawdown duration | EMLP NBET | 46d21d | 82d90d | 177d359d | 329dn/a |
Trading data
EMLP | NBET | |
Last sale 9/11/2026 at 1:30 PM | $43.79 | $42.39 |
| Previous close 09/10/2026 | $43.95 | $42.45 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
EMLP | NBET | |
|---|---|---|
| Last price | $43.79 | $42.39 |
| 1D performance | -0.36% | -0.16% |
| AuM | $4.17 B | $50.83 M |
| E/R | 0.95% | 2.1% |
Characteristics
EMLP | NBET | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | First Trust | Neuberger Berman |
| Benchmark | - | - |
| N° of holdings | 56 | 30 |
| 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
88.7%
Other
11.3%
NBET
USA
96.72%
Other
3.28%
Sectors
EMLP
Energy
45.58%
Utilities
42.25%
Other
12.17%
NBET
Energy
90.09%
Utilities
7.68%
Other
2.23%
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Diversification
EMLP
Total weight of top 15 holdings out of 15
52.1%
NBET
Total weight of top 15 holdings out of 15
75.5%
Top 15 holdings
Data as of July 31, 2026
EMLP
Enterprise Products Partners LP
8.78%
Energy Transfer LP
7.96%
Plains GP Holdings LP
4.27%
MPLX LP
4.24%
National Fuel Gas Co.
3.95%
Kinder Morgan, Inc.
3.57%
PPL Corp.
2.58%
The Southern Co.
2.55%
ONEOK, Inc.
2.32%
ONE Gas, Inc.
2.27%
Duke Energy Corp.
2.22%
Entergy Corp.
2.10%
Sempra
1.82%
Cheniere Energy, Inc.
1.75%
CMS Energy Corp.
1.72%
NBET
Targa Resources Corp.
9.07%
Energy Transfer LP
7.80%
Enterprise Products Partners LP
7.70%
Cheniere Energy, Inc.
5.94%
DT Midstream, Inc.
5.82%
The Williams Cos., Inc.
5.23%
Chevron Corp.
4.49%
ConocoPhillips
4.44%
Western Midstream Partners LP
4.43%
Antero Midstream Corp.
3.93%
SunocoCorp LLC
3.77%
Antero Resources Corp.
3.42%
Clearway Energy, Inc.
3.27%
Plains GP Holdings LP
3.15%
ExxonMobil Holdings Corp.
3.03%
Frequently asked questions about EMLP and NBET
How have the EMLP and NBET ETFs performed in 2026?
As of September 10, 2026, EMLP is up 17.74% year-to-date (YTD), while NBET has returned 31.41%. 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 +$237M in flows, compared to +$13M for NBET.
Which ETF is more volatile: EMLP or NBET?
Over the past year, EMLP had a volatility of 10.58%, while NBET experienced 15.48%.
Which ETF is bigger: EMLP or NBET?
As of September 10, 2026, EMLP holds $4.17 B in assets under management (AUM), while NBET manages $50.83 M.
What sectors do the EMLP and NBET ETFs invest in?
EMLP leans toward sectors like Energy and Utilities. Meanwhile, NBET focuses on Energy and Utilities.
What are the top holdings of the EMLP ETF and NBET ETF?
EMLP top holdings include Enterprise Products Partners LP, Energy Transfer LP and Plains GP Holdings LP. NBET holds in its top three: Targa Resources Corp., Energy Transfer LP and Enterprise Products Partners LP.
Which ETF is more diversified: EMLP or NBET?
EMLP holds 56 securities with 52.1% of its assets in the top 15. NBET has 30 securities and a top 15 weight of 75.5%.
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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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