EIPI vs EIPX
FT Energy Income Partners Enhanced Income ETF vs FT Energy Income Partners Strategy ETF
Which is better, EIPI or EIPX?
Nearly the same fund. EIPX costs less.
EIPX has a lower expense ratio. EIPX led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98. EIPX is less concentrated, with 37.4% of the fund in its ten largest positions against 40.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EIPI | EIPX |
|---|---|---|
| Expense Ratio | 1.11% | 0.95%Best |
| AUM | $1.1B | $575M |
| Dividend Yield | 7.65% | 2.89% |
| Holdings | 112 | 174 |
| YTD Return | +16.36% | +24.60%Best |
| 1Y Return | +21.47% | +30.77%Best |
| 3Y Return (annualized) | - | +18.80% |
| Volatility (annualized) | 11.7%Best | 14.4% |
| Max Drawdown | -12.3%Best | -15.4% |
| $10,000 over 2.4 years | $14,499 | $15,020Best |
| Top 10 Weight | 40.5% | 37.4%Best |
| Fund Family | First Trust Portfolios (US) | First Trust Portfolios (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 27, 2011 | Nov 2, 2022 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: May 6, 2024 to Oct 14, 2026 (2.4 years).
EIPI vs EIPX growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.4 years both funds cover.
EIPI vs EIPX Performance
FT Energy Income Partners Enhanced Income ETF (EIPI) is an ETF from First Trust Portfolios (US) and FT Energy Income Partners Strategy ETF (EIPX) is an ETF from First Trust Portfolios (US). Over the past year EIPI returned +21.47% while EIPX returned +30.77%. Year to date, EIPI is up 16.36% versus a gain of 24.60% for EIPX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EIPX has been the more volatile fund, with annualized monthly volatility of 14.4% compared with 11.7% for EIPI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -12.3% for EIPI and -15.4% for EIPX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
EIPI charges 1.11% per year while EIPX charges 0.95%. On a $10,000 position that is $111 vs $95 annually, a gap of $16 per year that compounds over a long holding period. On income, EIPI currently yields 7.65% against 2.89% for EIPX.
Holdings Overlap
93.3% of EIPI's money is in holdings EIPX also owns. 88.7% of EIPX's money is in holdings EIPI also owns.
Most of EIPI is already inside EIPX. Owning both mostly buys the same companies twice.
71 positions in common, counted across the 76 positions we hold weights for in EIPI and 89 in EIPX, against full books of 112 and 174.
What only one of them owns
Our book lists 10 positions for EIPX that do not appear in our book for EIPI (3.3% of the fund), and 4 for EIPI that do not appear in EIPX (2.7%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in EIPI | Weight in EIPX | Difference |
|---|---|---|---|
| EPDEnterprise Products Partners Lp | 8.26% | 7.63% | 0.63% |
| ETEnergy Transfer | 6.78% | 7.27% | 0.49% |
| MPLXMplx Lp | 4.59% | 3.84% | 0.75% |
| XOMExxonmobil Corp. | 3.64% | 3.47% | 0.17% |
| KMIKinder Morgan Inc./de | 3.92% | 2.50% | 1.42% |
| NFGNational Fuel Gas Co | 2.56% | 3.24% | 0.68% |
| OKEOneok, Inc. | 3.03% | 2.47% | 0.56% |
| SHELShell Plc | 3.06% | 2.39% | 0.67% |
| PAGPPlains Gp Holdings Lp | 1.96% | 2.82% | 0.86% |
| DUKDuke Energy Corp | 2.44% | 1.48% | 0.96% |
93.3% of EIPI is already inside EIPX.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EIPI or EIPX?
EIPI has an expense ratio of 1.11% while EIPX charges 0.95%. EIPX is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, EIPI or EIPX?
Over the past year EIPI returned +21.47% vs +30.77% for EIPX, so EIPX leads on 1-year performance. Over the longest common window we track (2 years), EIPI annualized +16.74% vs +18.47% for EIPX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EIPI or EIPX?
EIPX has been the more volatile fund at 14.4% annualized versus 11.7% for EIPI. Worst drawdown: EIPI -12.3% vs EIPX -15.4%.
Should I hold both EIPI and EIPX?
EIPI and EIPX have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between EIPI and EIPX?
93.3% of EIPI's money is in holdings EIPX also owns. 88.7% of EIPX's is in holdings EIPI also owns. They hold 71 positions in common, counted across the 76 positions we hold weights for in EIPI and 89 in EIPX.
Which pays a higher dividend, EIPI or EIPX?
EIPI yields 7.65% while EIPX yields 2.89%, so EIPI currently pays the higher dividend yield.
Is EIPX better than EIPI?
EIPX has a lower expense ratio. EIPX led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98. EIPX is less concentrated, with 37.4% of the fund in its ten largest positions against 40.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.