ELFY vs. CCNR

Last updated Aug 2, 2026

ELFY (ALPS Electrification Infrastructure ETF) and CCNR (ALPS/CoreCommodity Natural Resources ETF) are both exchange-traded funds - ELFY is a Infrastructure Equities fund tracking the Ladenburg Thalmann Electrification Infrastructure Index, while CCNR is a Natural Resources fund actively managed by ALPS. ELFY is passively managed, while CCNR is actively managed. Over the past year, ELFY returned 22.14% vs 50.02% for CCNR. Their 0.58 correlation means they have sometimes moved together and sometimes differently. ELFY charges 0.50%/yr vs 0.39%/yr for CCNR.

Performance

ELFY vs. CCNR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS Electrification Infrastructure ETF (ELFY) and ALPS/CoreCommodity Natural Resources ETF (CCNR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with ELFY having a 16.38% return and CCNR slightly lower at 16.17%.

ELFY

• 1D: 0.09%
• 1M: -5.18%
• 6M: 7.95%
• YTD: 16.38%
• 1Y: 22.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 41.11%

CCNR

• 1D: -0.79%
• 1M: 2.52%
• 6M: 1.72%
• YTD: 16.17%
• 1Y: 50.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.53%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CCNR ALPS/CoreCommodity Natural Resources ETF	$259.64K	$2.35M	$1.27M
ELFY ALPS Electrification Infrastructure ETF	$1.92M	$2.39M	$2.21M

ELFY vs. CCNR - Yearly Performance Comparison

	2026 (YTD)	2025
ELFY ALPS Electrification Infrastructure ETF	16.38%	34.72%
CCNR ALPS/CoreCommodity Natural Resources ETF	16.17%	51.45%

Correlation

The correlation between ELFY and CCNR is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.64
Correlation (All Time) Calculated using the full available price history since Apr 10, 2025	0.58

The correlation between ELFY and CCNR has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.

ELFY vs. CCNR - Sectors Allocation Comparison

Sectors	ELFY	CCNR
Utilities	40.0%	8.8%
Industrials	26.0%	7.6%
Energy	16.0%	37.5%
Technology	12.8%	1.1%
Basic Materials	4.4%	35.7%
Consumer Cyclical	0.6%	0.3%
Financial Services	0.1%	0.1%
Communication Services	-	-
Consumer Defensive	-	9.0%
Healthcare	-	-
Real Estate	-	0.5%

Return for Risk

ELFY vs. CCNR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ELFY

ELFY Risk / Return Rank: 43
ELFY Sharpe Ratio Rank: 41
ELFY Sortino Ratio Rank: 40
ELFY Omega Ratio Rank: 39
ELFY Calmar Ratio Rank: 43
ELFY Martin Ratio Rank: 49

CCNR

CCNR Risk / Return Rank: 90
CCNR Sharpe Ratio Rank: 94
CCNR Sortino Ratio Rank: 91
CCNR Omega Ratio Rank: 92
CCNR Calmar Ratio Rank: 90
CCNR Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ELFY vs. CCNR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS Electrification Infrastructure ETF (ELFY) and ALPS/CoreCommodity Natural Resources ETF (CCNR). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ELFY	CCNR	Difference
Sharpe ratio: Return per unit of total volatility	1.02	2.63	-1.61
Sortino ratio: Return per unit of downside risk	1.50	3.25	-1.75
Omega ratio: Gain probability vs. loss probability	1.18	1.45	-0.26
Calmar ratio: Return relative to maximum drawdown	1.56	3.80	-2.24
Martin ratio: Return relative to average drawdown	5.72	11.45	-5.72

ELFY vs. CCNR - Sharpe Ratio Comparison

The current ELFY Sharpe Ratio is 1.02, which is lower than the CCNR Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of ELFY and CCNR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ELFY vs. CCNR - Drawdown Comparison

The maximum ELFY drawdown since its inception was -13.61%, smaller than the maximum CCNR drawdown of -20.06%. Use the drawdown chart below to compare losses from any high point for ELFY and CCNR.

Drawdown Indicators

	ELFY	CCNR	Difference
Max Drawdown Largest peak-to-trough decline	-13.61%	-20.06%	+6.45%
Max Drawdown (1Y) Largest decline over 1 year	-13.61%	-12.88%	-0.73%
Current Drawdown Current decline from peak	-10.44%	-9.68%	-0.76%
Average Drawdown Average peak-to-trough decline	-2.10%	-4.01%	+1.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.69%	4.26%	-0.57%

Volatility

ELFY vs. CCNR - Volatility Comparison

ALPS Electrification Infrastructure ETF (ELFY) has a higher volatility of 6.67% compared to ALPS/CoreCommodity Natural Resources ETF (CCNR) at 4.71%. This indicates that ELFY's price experiences larger fluctuations and is considered to be riskier than CCNR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ELFY	CCNR	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.67%	4.71%	+1.96%
Volatility (6M) Calculated over the trailing 6-month period	17.06%	13.88%	+3.18%
Volatility (1Y) Calculated over the trailing 1-year period	20.75%	18.64%	+2.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.06%	19.98%	+0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.06%	19.98%	+0.08%

ELFY vs. CCNR - Expense Ratio Comparison

ELFY has a 0.50% expense ratio, which is higher than CCNR's 0.39% expense ratio.

Dividends

ELFY vs. CCNR - Dividend Comparison

ELFY's dividend yield for the trailing twelve months is around 1.05%, less than CCNR's 3.00% yield.

Position	TTM	2025	2024
CCNR ALPS/CoreCommodity Natural Resources ETF	3.00%	3.48%	1.27%
ELFY ALPS Electrification Infrastructure ETF	1.05%	0.76%	0.00%

Frequently Asked Questions

Can I hold both ELFY and CCNR in my portfolio?

ELFY and CCNR have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ELFY or CCNR?

ELFY has higher volatility (6.67%) compared to CCNR (4.71%). In terms of maximum drawdown, ELFY dropped -13.61% vs CCNR's -20.06%.

Which ETF is better, ELFY or CCNR?

On 1-year performance, CCNR leads with 50.02% vs 22.14% for ELFY. On fees, CCNR is cheaper at 0.39% per year. On volatility, CCNR has been the lower-risk option at 4.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ELFY or CCNR?

Over the 1-year period, CCNR has performed better with a 50.02% return vs 22.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ELFY or CCNR?

CCNR is cheaper with a 0.39% expense ratio, compared with 0.50% for ELFY.

Which ETF pays a higher dividend yield, ELFY or CCNR?

CCNR has the higher dividend yield at 3.00%, compared with 1.05% for ELFY.

What is the main difference between ELFY and CCNR?

ELFY is categorized as Infrastructure Equities, while CCNR is Natural Resources. Their fees differ too: 0.50% for ELFY and 0.39% for CCNR.

Which has better risk-adjusted returns?

CCNR currently has the higher Sharpe Ratio (2.63 vs 1.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.