MLPA vs. ECLN ETF Comparison
Comparison of Global X MLP ETF (MLPA) to First Trust EIP Carbon Impact ETF (ECLN)
MLPA
Global X MLP ETF
MLPA Description
The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive MLP Composite Index ("underlying index"). The fund invests at least 80% of its net assets in the securities of the underlying index. Moreover, at least 80% of the fund's net assets will be invested in securities that have economic characteristics of the Master Limited Partnership ("MLP") asset class. The underlying index is intended to give investors a means of tracking the overall performance of the United States master limited partnerships (MLP) asset class. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$50.89
Average Daily Volume
100,239
18
ECLN
First Trust EIP Carbon Impact ETF
ECLN Description
The investment seeks to achieve a competitive risk-adjusted total return balanced between dividends and capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in the equity securities of companies identified by the fund's investment sub-advisor as having or seeking to have a positive carbon impact. Its investments will be concentrated in the industries constituting the energy infrastructure sector. The fund is non-diversified.Grade (RS Rating)
Last Trade
$30.91
Average Daily Volume
6,963
41
Performance
| Period | MLPA | ECLN |
|---|---|---|
| 30 Days | 8.42% | 5.02% |
| 60 Days | 7.25% | 6.04% |
| 90 Days | 9.10% | 11.17% |
| 12 Months | 21.48% | 32.70% |
1 Overlapping Holdings
| Symbol | Grade | Weight in MLPA | Weight in ECLN | Overlap | |
|---|---|---|---|---|---|
| CQP | B | 5.53% | 2.95% | 2.95% |
MLPA Underweight 40 Positions Relative to ECLN
| Symbol | Grade | Weight | |
|---|---|---|---|
| AEP | D | -5.39% | |
| DTM | B | -4.65% | |
| D | C | -3.71% | |
| XEL | A | -3.71% | |
| PPL | B | -3.53% | |
| SRE | A | -3.46% | |
| DTE | C | -3.39% | |
| DUK | C | -3.37% | |
| VST | B | -3.13% | |
| PEG | A | -3.13% | |
| NFG | A | -2.92% | |
| ETR | B | -2.83% | |
| CWEN | C | -2.78% | |
| AEE | A | -2.74% | |
| EVRG | A | -2.49% | |
| AES | F | -2.31% | |
| TRGP | B | -2.29% | |
| WMB | A | -2.16% | |
| OGS | A | -2.04% | |
| ATO | A | -2.03% | |
| WEC | A | -1.99% | |
| PWR | A | -1.96% | |
| FLR | B | -1.9% | |
| IDA | A | -1.79% | |
| J | F | -1.76% | |
| CMS | C | -1.56% | |
| LNT | A | -1.51% | |
| LNG | B | -1.1% | |
| SO | D | -0.93% | |
| CEG | D | -0.93% | |
| OGE | B | -0.64% | |
| WTRG | B | -0.62% | |
| NEP | F | -0.59% | |
| GNRC | B | -0.55% | |
| CPK | A | -0.46% | |
| NEE | D | -0.45% | |
| CNP | B | -0.43% | |
| AWK | D | -0.35% | |
| EIX | B | -0.18% | |
| NJR | A | -0.18% |
MLPA: Top Represented Industries & Keywords
ECLN: Top Represented Industries & Keywords
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