midstream oil & gas
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
DTM DT Midstream, Inc. | Energy | 8.33% |
EE Excelerate Energy Inc | Utilities | 8.33% |
ENB Enbridge Inc. | Energy | 8.33% |
ET Energy Transfer LP | Energy | 8.33% |
GLNG Golar LNG Limited | Energy | 8.33% |
KMI Kinder Morgan, Inc. | Energy | 8.33% |
KNTK Kinetik Holdings Inc | Energy | 8.33% |
LNG Cheniere Energy, Inc. | Energy | 8.33% |
OKE ONEOK, Inc. | Energy | 8.33% |
TRGP Targa Resources Corp. | Energy | 8.33% |
TRP TC Energy Corporation | Energy | 8.33% |
WMB The Williams Companies, Inc. | Energy | 8.33% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in midstream oil & gas, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced every year.
The earliest data available for this chart is Apr 13, 2022, corresponding to the inception date of EE
Returns By Period
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -10.18% | -6.79% | -9.92% | 6.35% | 14.12% | 9.63% |
| midstream oil & gas | -3.05% | -4.29% | 8.47% | 45.23% | N/A | N/A |
| Portfolio components: | ||||||
ENB Enbridge Inc. | 8.53% | 3.42% | 11.38% | 38.89% | 17.94% | 4.35% |
WMB The Williams Companies, Inc. | 9.29% | -1.64% | 13.94% | 58.39% | 34.02% | 7.22% |
ET Energy Transfer LP | -10.41% | -7.15% | 8.97% | 17.98% | 34.73% | 1.79% |
KMI Kinder Morgan, Inc. | -0.05% | -2.97% | 11.05% | 51.37% | 20.88% | 0.17% |
OKE ONEOK, Inc. | -13.19% | -13.20% | -9.44% | 13.29% | 35.45% | 12.67% |
LNG Cheniere Energy, Inc. | 7.96% | 2.04% | 27.64% | 44.33% | 42.37% | 11.84% |
TRP TC Energy Corporation | 7.55% | 3.33% | 5.37% | 46.34% | 9.13% | 6.65% |
TRGP Targa Resources Corp. | -1.84% | -11.57% | 8.14% | 57.75% | 90.30% | 10.46% |
DTM DT Midstream, Inc. | -1.65% | -0.03% | 13.11% | 59.01% | N/A | N/A |
KNTK Kinetik Holdings Inc | -21.91% | -17.03% | -11.15% | 19.94% | 63.05% | N/A |
GLNG Golar LNG Limited | -9.18% | 0.98% | 2.46% | 56.40% | 46.77% | 2.44% |
EE Excelerate Energy Inc | -11.91% | -8.84% | 14.40% | 64.85% | N/A | N/A |
Monthly Returns
The table below presents the monthly returns of midstream oil & gas, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.32% | -0.65% | -0.11% | -4.52% | -3.05% | ||||||||
| 2024 | -1.46% | 3.79% | 8.18% | -0.41% | 5.23% | 4.94% | 5.53% | 3.86% | 3.18% | 7.23% | 17.06% | -4.44% | 65.05% |
| 2023 | 2.12% | -4.42% | -0.04% | 1.85% | -6.86% | 7.58% | 4.93% | -1.35% | -0.60% | -1.29% | 7.03% | -1.43% | 6.68% |
| 2022 | -4.87% | 6.98% | -13.90% | 9.98% | 2.10% | -8.97% | 12.35% | 2.08% | -6.61% | -4.06% |
Expense Ratio
midstream oil & gas has an expense ratio of 0.00%, meaning no management fees are charged. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 96, midstream oil & gas is among the top 4% of portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
ENB Enbridge Inc. | 2.81 | 3.58 | 1.49 | 2.25 | 15.15 |
WMB The Williams Companies, Inc. | 2.42 | 2.86 | 1.42 | 5.09 | 13.95 |
ET Energy Transfer LP | 0.91 | 1.32 | 1.19 | 0.95 | 3.89 |
KMI Kinder Morgan, Inc. | 2.47 | 2.89 | 1.48 | 3.33 | 9.47 |
OKE ONEOK, Inc. | 0.58 | 0.88 | 1.14 | 0.53 | 1.67 |
LNG Cheniere Energy, Inc. | 1.79 | 2.25 | 1.33 | 2.34 | 7.63 |
TRP TC Energy Corporation | 2.20 | 2.66 | 1.40 | 1.57 | 10.99 |
TRGP Targa Resources Corp. | 1.67 | 1.98 | 1.30 | 2.18 | 7.56 |
DTM DT Midstream, Inc. | 2.14 | 2.51 | 1.39 | 2.64 | 8.01 |
KNTK Kinetik Holdings Inc | 0.60 | 1.00 | 1.14 | 0.59 | 2.10 |
GLNG Golar LNG Limited | 1.41 | 2.13 | 1.28 | 2.01 | 6.60 |
EE Excelerate Energy Inc | 1.87 | 2.42 | 1.31 | 1.59 | 10.01 |
Dividends
Dividend yield
midstream oil & gas provided a 3.87% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 3.87% | 3.61% | 5.12% | 4.52% | 4.51% | 5.05% | 3.80% | 4.32% | 2.92% | 2.92% | 6.18% | 2.37% |
| Portfolio components: | ||||||||||||
ENB Enbridge Inc. | 5.86% | 6.28% | 7.29% | 6.79% | 6.86% | 7.56% | 5.57% | 6.69% | 4.73% | 3.78% | 4.41% | 2.47% |
WMB The Williams Companies, Inc. | 3.28% | 3.51% | 5.14% | 5.17% | 6.30% | 7.98% | 6.41% | 6.17% | 3.94% | 5.39% | 9.53% | 4.36% |
ET Energy Transfer LP | 7.45% | 6.51% | 8.96% | 7.33% | 7.44% | 17.28% | 9.51% | 9.24% | 6.66% | 5.90% | 7.42% | 2.61% |
KMI Kinder Morgan, Inc. | 4.24% | 4.18% | 6.38% | 6.10% | 6.76% | 7.59% | 4.49% | 4.71% | 2.77% | 2.41% | 12.94% | 4.02% |
OKE ONEOK, Inc. | 4.64% | 3.94% | 5.47% | 5.72% | 6.40% | 9.78% | 4.66% | 6.01% | 5.09% | 4.28% | 9.85% | 4.27% |
LNG Cheniere Energy, Inc. | 0.81% | 0.84% | 0.95% | 0.92% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TRP TC Energy Corporation | 5.01% | 5.42% | 7.14% | 8.63% | 7.04% | 5.82% | 3.98% | 7.15% | 3.64% | 5.94% | 6.06% | 3.20% |
TRGP Targa Resources Corp. | 1.72% | 1.54% | 2.13% | 1.90% | 0.77% | 4.59% | 8.92% | 10.11% | 7.52% | 6.49% | 12.53% | 2.52% |
DTM DT Midstream, Inc. | 3.12% | 2.96% | 5.04% | 4.63% | 2.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KNTK Kinetik Holdings Inc | 6.99% | 5.34% | 8.98% | 6.80% | 9.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GLNG Golar LNG Limited | 2.62% | 2.36% | 3.26% | 0.00% | 0.00% | 0.00% | 2.11% | 1.72% | 0.67% | 0.87% | 11.40% | 4.94% |
EE Excelerate Energy Inc | 0.64% | 0.45% | 0.65% | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the midstream oil & gas. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the midstream oil & gas was 21.21%, occurring on Jul 6, 2022. Recovery took 420 trading sessions.
The current midstream oil & gas drawdown is 12.24%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.21% | Jun 8, 2022 | 19 | Jul 6, 2022 | 420 | Mar 7, 2024 | 439 |
| -20.1% | Jan 22, 2025 | 54 | Apr 8, 2025 | — | — | — |
| -8.99% | Nov 22, 2024 | 18 | Dec 18, 2024 | 16 | Jan 14, 2025 | 34 |
| -8.35% | Apr 21, 2022 | 13 | May 9, 2022 | 14 | May 27, 2022 | 27 |
| -6.11% | Jul 23, 2024 | 10 | Aug 5, 2024 | 8 | Aug 15, 2024 | 18 |
Volatility
Volatility Chart
The current midstream oil & gas volatility is 13.90%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Diversification
Asset Correlations Table
| GLNG | EE | LNG | TRP | KNTK | ENB | ET | DTM | TRGP | OKE | WMB | KMI | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GLNG | 1.00 | 0.49 | 0.43 | 0.35 | 0.40 | 0.38 | 0.47 | 0.49 | 0.50 | 0.47 | 0.48 | 0.49 |
| EE | 0.49 | 1.00 | 0.48 | 0.37 | 0.41 | 0.41 | 0.45 | 0.48 | 0.51 | 0.48 | 0.50 | 0.51 |
| LNG | 0.43 | 0.48 | 1.00 | 0.36 | 0.47 | 0.42 | 0.52 | 0.56 | 0.60 | 0.55 | 0.58 | 0.59 |
| TRP | 0.35 | 0.37 | 0.36 | 1.00 | 0.44 | 0.77 | 0.49 | 0.55 | 0.52 | 0.59 | 0.61 | 0.62 |
| KNTK | 0.40 | 0.41 | 0.47 | 0.44 | 1.00 | 0.49 | 0.59 | 0.65 | 0.68 | 0.63 | 0.67 | 0.63 |
| ENB | 0.38 | 0.41 | 0.42 | 0.77 | 0.49 | 1.00 | 0.55 | 0.57 | 0.57 | 0.66 | 0.63 | 0.68 |
| ET | 0.47 | 0.45 | 0.52 | 0.49 | 0.59 | 0.55 | 1.00 | 0.66 | 0.69 | 0.66 | 0.66 | 0.68 |
| DTM | 0.49 | 0.48 | 0.56 | 0.55 | 0.65 | 0.57 | 0.66 | 1.00 | 0.73 | 0.73 | 0.80 | 0.77 |
| TRGP | 0.50 | 0.51 | 0.60 | 0.52 | 0.68 | 0.57 | 0.69 | 0.73 | 1.00 | 0.80 | 0.78 | 0.78 |
| OKE | 0.47 | 0.48 | 0.55 | 0.59 | 0.63 | 0.66 | 0.66 | 0.73 | 0.80 | 1.00 | 0.78 | 0.83 |
| WMB | 0.48 | 0.50 | 0.58 | 0.61 | 0.67 | 0.63 | 0.66 | 0.80 | 0.78 | 0.78 | 1.00 | 0.84 |
| KMI | 0.49 | 0.51 | 0.59 | 0.62 | 0.63 | 0.68 | 0.68 | 0.77 | 0.78 | 0.83 | 0.84 | 1.00 |