Which Energy ETF Is the Better Buy: State Street's XLE or First Trust's EMLP?

This article compares two energy-focused exchange-traded funds (ETFs): State Street's Energy Select Sector SPDR ETF (XLE) and First Trust's North American Energy Infrastructure Fund (EMLP). XLE offers low-cost (0.08% expense ratio), pure exposure to major oil and gas producers like ExxonMobil and Chevron, making it sensitive to crude oil prices. EMLP, with a higher fee (0.95%), targets a defensive mix of energy infrastructure, utilities, and master limited partnerships, including Enterprise Products Partners and Energy Transfer, and includes an ESG screen. While both have similar dividend yields (~2.6-2.7%), XLE is recommended for most long-term investors due to its simplicity and low cost, whereas EMLP suits those seeking income-oriented, defensive energy infrastructure exposure despite higher fees.