ENFR vs. BSMY
ENFR (Alerian Energy Infrastructure ETF) and BSMY (Invesco BulletShares 2034 Municipal Bond ETF) are both exchange-traded funds - ENFR is a Energy Equities fund tracking the Alerian Midstream Energy Select Index, while BSMY is a Municipal Bonds fund tracking the Invesco BulletShares USD Municipal Bond 2034 Index. Both are passively managed. Over the past year, ENFR returned 30.52% vs 7.58% for BSMY. At a correlation of -0.05, they often move in opposite directions. ENFR charges 0.35%/yr vs 0.18%/yr for BSMY.
Performance
ENFR vs. BSMY - Performance Comparison
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Returns By Period
In the year-to-date period, ENFR achieves a 29.25% return, which is significantly higher than BSMY's 1.69% return.
ENFR
- 1D
- 0.53%
- 1M
- 2.60%
- 6M
- 28.45%
- YTD
- 29.25%
- 1Y
- 30.52%
- 3Y*
- 28.29%
- 5Y*
- 21.98%
- 10Y*
- 11.80%
BSMY
- 1D
- 0.04%
- 1M
- 0.41%
- 6M
- 0.90%
- YTD
- 1.69%
- 1Y
- 7.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ENFR vs. BSMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ENFR Alerian Energy Infrastructure ETF | 29.25% | 5.88% | 13.96% |
BSMY Invesco BulletShares 2034 Municipal Bond ETF | 1.69% | 3.82% | -1.86% |
Correlation
The correlation between ENFR and BSMY is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.27 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2024 | -0.05 |
Over the past year, the inverse relationship between ENFR and BSMY has strengthened: their correlation has moved from -0.05 to -0.27, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
ENFR vs. BSMY — Risk / Return Rank
ENFR
BSMY
ENFR vs. BSMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alerian Energy Infrastructure ETF (ENFR) and Invesco BulletShares 2034 Municipal Bond ETF (BSMY). 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.
| ENFR | BSMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.45 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 2.30 | +1.25 |
| Martin ratioReturn relative to average drawdown | 8.73 | 7.99 | +0.74 |
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Drawdowns
ENFR vs. BSMY - Drawdown Comparison
The maximum ENFR drawdown since its inception was -68.28%, which is greater than BSMY's maximum drawdown of -6.81%. Use the drawdown chart below to compare losses from any high point for ENFR and BSMY.
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Drawdown Indicators
| ENFR | BSMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.28% | -6.81% | -61.47% |
Max Drawdown (1Y)Largest decline over 1 year | -8.64% | -3.31% | -5.33% |
Max Drawdown (3Y)Largest decline over 3 years | -15.58% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.29% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -62.64% | — | — |
Current DrawdownCurrent decline from peak | -1.41% | -0.57% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -15.88% | -1.89% | -13.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 0.96% | +2.55% |
Volatility
ENFR vs. BSMY - Volatility Comparison
Alerian Energy Infrastructure ETF (ENFR) has a higher volatility of 5.62% compared to Invesco BulletShares 2034 Municipal Bond ETF (BSMY) at 0.95%. This indicates that ENFR's price experiences larger fluctuations and is considered to be riskier than BSMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENFR | BSMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.62% | 0.95% | +4.67% |
Volatility (6M)Calculated over the trailing 6-month period | 12.06% | 2.71% | +9.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.18% | 3.48% | +11.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.27% | 5.13% | +14.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.65% | 5.13% | +19.52% |
ENFR vs. BSMY - Expense Ratio Comparison
ENFR has a 0.35% expense ratio, which is higher than BSMY's 0.18% expense ratio.
Dividends
ENFR vs. BSMY - Dividend Comparison
ENFR's dividend yield for the trailing twelve months is around 3.88%, more than BSMY's 3.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSMY Invesco BulletShares 2034 Municipal Bond ETF | 3.49% | 3.31% | 0.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ENFR Alerian Energy Infrastructure ETF | 3.88% | 4.77% | 4.41% | 5.48% | 5.23% | 7.86% | 7.57% | 5.81% | 3.98% | 2.98% | 3.31% | 3.34% |
Frequently Asked Questions
ENFR and BSMY have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENFR has higher volatility (5.62%) compared to BSMY (0.95%). In terms of maximum drawdown, ENFR dropped -68.28% vs BSMY's -6.81%.
On 1-year performance, ENFR leads with 30.52% vs 7.58% for BSMY. On fees, BSMY is cheaper at 0.18% per year. On volatility, BSMY has been the lower-risk option at 0.95%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ENFR has performed better with a 30.52% return vs 7.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSMY is cheaper with a 0.18% expense ratio, compared with 0.35% for ENFR.
ENFR has the higher dividend yield at 3.88%, compared with 3.49% for BSMY.
ENFR is categorized as Energy Equities, while BSMY is Municipal Bonds. ENFR tracks Alerian Midstream Energy Select Index, while BSMY tracks Invesco BulletShares USD Municipal Bond 2034 Index. They also come from different issuers: SS&C and Invesco. Their fees differ too: 0.35% for ENFR and 0.18% for BSMY.
BSMY currently has the higher Sharpe Ratio (2.19 vs 2.02), 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.
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