CWW.TO vs. ENFR

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Global Water Index ETF (CWW.TO) and Alerian Energy Infrastructure ETF (ENFR).

CWW.TO and ENFR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CWW.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Jun 4, 2007. ENFR is a passively managed fund by SS&C that tracks the performance of the Alerian Midstream Energy Select Index. It was launched on Nov 1, 2013. Both CWW.TO and ENFR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

CWW.TO vs. ENFR - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Global Water Index ETF (CWW.TO) and Alerian Energy Infrastructure ETF (ENFR). The values are adjusted to include any dividend payments, if applicable.

CWW.TO vs. ENFR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CWW.TO iShares Global Water Index ETF	3.08%	10.11%	2.99%	11.71%	-16.52%	27.08%	12.93%	26.85%	-2.69%	17.91%
ENFR Alerian Energy Infrastructure ETF	24.51%	1.02%	54.38%	13.08%	25.86%	38.71%	-25.43%	15.62%	-11.77%	-6.55%

Different Trading Currencies

CWW.TO is traded in CAD, while ENFR is traded in USD. To make them comparable, the ENFR values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CWW.TO achieves a 3.08% return, which is significantly lower than ENFR's 24.51% return. Over the past 10 years, CWW.TO has underperformed ENFR with an annualized return of 9.22%, while ENFR has yielded a comparatively higher 14.40% annualized return.

CWW.TO

• 1D: 1.71%
• 1M: -5.36%
• YTD: 3.08%
• 6M: -1.09%
• 1Y: 9.79%
• 3Y*: 7.13%
• 5Y*: 5.73%
• 10Y*: 9.22%

ENFR

• 1D: -1.50%
• 1M: 6.08%
• YTD: 24.51%
• 6M: 20.59%
• 1Y: 18.22%
• 3Y*: 29.91%
• 5Y*: 26.17%
• 10Y*: 14.40%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CWW.TO vs. ENFR - Expense Ratio Comparison

CWW.TO has a 0.66% expense ratio, which is higher than ENFR's 0.35% expense ratio.

CWW.TO

iShares Global Water Index ETF

ENFR

Alerian Energy Infrastructure ETF

Return for Risk

CWW.TO vs. ENFR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CWW.TO

CWW.TO Risk / Return Rank: 35
CWW.TO Sharpe Ratio Rank: 35
CWW.TO Sortino Ratio Rank: 36
CWW.TO Omega Ratio Rank: 31
CWW.TO Calmar Ratio Rank: 40
CWW.TO Martin Ratio Rank: 34

ENFR

ENFR Risk / Return Rank: 66
ENFR Sharpe Ratio Rank: 73
ENFR Sortino Ratio Rank: 67
ENFR Omega Ratio Rank: 71
ENFR Calmar Ratio Rank: 63
ENFR Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CWW.TO vs. ENFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Water Index ETF (CWW.TO) and Alerian Energy Infrastructure ETF (ENFR). 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.

	CWW.TO	ENFR	Difference
Sharpe ratio Return per unit of total volatility	0.64	1.04	-0.40
Sortino ratio Return per unit of downside risk	1.00	1.37	-0.37
Omega ratio Gain probability vs. loss probability	1.12	1.21	-0.08
Calmar ratio Return relative to maximum drawdown	1.01	1.23	-0.22
Martin ratio Return relative to average drawdown	3.08	2.87	+0.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CWW.TO vs. ENFR - Sharpe Ratio Comparison

The current CWW.TO Sharpe Ratio is 0.64, which is lower than the ENFR Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of CWW.TO and ENFR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CWW.TO	ENFR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.64	1.04	-0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	1.58	-1.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.65	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.50	-0.11

Correlation

The correlation between CWW.TO and ENFR is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CWW.TO vs. ENFR - Dividend Comparison

CWW.TO's dividend yield for the trailing twelve months is around 1.52%, less than ENFR's 4.02% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CWW.TO iShares Global Water Index ETF	1.52%	1.34%	1.05%	1.17%	1.28%	2.62%	1.11%	1.24%	2.95%	1.41%	1.60%	1.16%
ENFR Alerian Energy Infrastructure ETF	4.02%	4.77%	4.41%	5.48%	5.23%	7.86%	7.57%	5.81%	3.98%	2.98%	3.31%	3.34%

Drawdowns

CWW.TO vs. ENFR - Drawdown Comparison

The maximum CWW.TO drawdown since its inception was -46.54%, smaller than the maximum ENFR drawdown of -59.45%. Use the drawdown chart below to compare losses from any high point for CWW.TO and ENFR.

Drawdown Indicators

	CWW.TO	ENFR	Difference
Max Drawdown Largest peak-to-trough decline	-46.54%	-68.28%	+21.74%
Max Drawdown (1Y) Largest decline over 1 year	-10.24%	-14.80%	+4.56%
Max Drawdown (5Y) Largest decline over 5 years	-31.05%	-20.29%	-10.76%
Max Drawdown (10Y) Largest decline over 10 years	-31.05%	-62.64%	+31.59%
Current Drawdown Current decline from peak	-5.93%	-2.18%	-3.75%
Average Drawdown Average peak-to-trough decline	-9.50%	-16.16%	+6.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.35%	4.47%	-1.12%

Volatility

CWW.TO vs. ENFR - Volatility Comparison

iShares Global Water Index ETF (CWW.TO) has a higher volatility of 6.24% compared to Alerian Energy Infrastructure ETF (ENFR) at 4.05%. This indicates that CWW.TO's price experiences larger fluctuations and is considered to be riskier than ENFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CWW.TO	ENFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.24%	4.05%	+2.19%
Volatility (6M) Calculated over the trailing 6-month period	10.97%	9.95%	+1.02%
Volatility (1Y) Calculated over the trailing 1-year period	15.26%	17.52%	-2.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.35%	16.67%	-1.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.49%	22.12%	-5.63%