ECLN vs. MDST ETF Comparison
Comparison of First Trust EIP Carbon Impact ETF (ECLN) to Westwood Salient Enhanced Midstream Income ETF (MDST)
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
6,965
40
MDST
Westwood Salient Enhanced Midstream Income ETF
MDST Description
MDST invests North American midstream investments while employing a covered call strategy. The actively managed fund targets investment grade, midstream securities from the US and Canada that include companies engaged in the energy infrastructure industry and ancillary businesses. The fund may directly invest up to 25% in US MLPs that are publicly traded and treated as partnerships for federal income tax purposes. The fund employs a bottom-up, research-driven selection process with emphasis on opportunities and growth prospects. In addition, the advisor maintains proprietary business valuation models and analyzes various fundamental and technical factors. To enhance income, the fund writes call options on securities held within the portfolio. It may also use standardized exchange-traded and FLEX options. The fund expects returns from the distribution yield, covered call premiums, cash distribution growth, and potential price appreciation. Single securities are capped at 15%.Grade (RS Rating)
Last Trade
$27.92
Average Daily Volume
16,942
18
Performance
| Period | ECLN | MDST |
|---|---|---|
| 30 Days | 5.35% | 7.20% |
| 60 Days | 7.15% | 9.17% |
| 90 Days | 11.18% | 9.50% |
| 12 Months | 32.72% |
ECLN Overweight 36 Positions Relative to MDST
| Symbol | Grade | Weight | |
|---|---|---|---|
| SRE | A | 4.29% | |
| ATO | A | 4.01% | |
| XEL | A | 3.71% | |
| PPL | A | 3.52% | |
| AEP | C | 3.48% | |
| WEC | A | 3.27% | |
| PEG | A | 3.1% | |
| LNT | A | 2.88% | |
| CQP | B | 2.84% | |
| CMS | C | 2.83% | |
| CWEN | C | 2.63% | |
| NFG | A | 2.6% | |
| DTE | C | 2.43% | |
| EVRG | A | 2.37% | |
| IDA | A | 2.28% | |
| PWR | A | 2.21% | |
| OGS | A | 2.05% | |
| AES | F | 1.95% | |
| VST | A | 1.84% | |
| FLR | B | 1.31% | |
| ETR | B | 1.18% | |
| DUK | C | 1.0% | |
| CEG | C | 0.96% | |
| SO | C | 0.95% | |
| OGE | A | 0.66% | |
| NEP | F | 0.65% | |
| WTRG | B | 0.64% | |
| GNRC | C | 0.6% | |
| D | C | 0.51% | |
| CPK | A | 0.46% | |
| CNP | A | 0.41% | |
| AWK | C | 0.35% | |
| AEE | A | 0.33% | |
| J | D | 0.23% | |
| EIX | B | 0.18% | |
| NJR | A | 0.18% |
ECLN: Top Represented Industries & Keywords
MDST: Top Represented Industries & Keywords
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