ENFR vs. ECLN

Last updated Jul 15, 2026

ENFR (Alerian Energy Infrastructure ETF) and ECLN (First Trust EIP Carbon Impact ETF) are both exchange-traded funds - ENFR is a Energy Equities fund tracking the Alerian Midstream Energy Select Index, while ECLN is a Utilities Equities fund actively managed by First Trust. ENFR is passively managed, while ECLN is actively managed. A 0.56 correlation means they provide meaningful diversification when combined. ENFR charges 0.35%/yr vs 0.97%/yr for ECLN.

Performance

ENFR vs. ECLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alerian Energy Infrastructure ETF (ENFR) and First Trust EIP Carbon Impact ETF (ECLN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

ECLN

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ENFR vs. ECLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ENFR Alerian Energy Infrastructure ETF	29.25%	5.88%	42.17%	15.63%	17.48%	39.97%	-24.14%	4.72%
ECLN First Trust EIP Carbon Impact ETF	12.96%	16.78%	22.60%	-3.36%	5.28%	12.26%	8.98%	5.66%

Correlation

The correlation between ENFR and ECLN is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (All Time) Calculated using the full available price history since Aug 20, 2019	0.56

The correlation between ENFR and ECLN shifts across timeframes, from 0.51 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ENFR vs. ECLN — Risk / Return Rank

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

ENFR

ENFR Risk / Return Rank: 75
ENFR Sharpe Ratio Rank: 80
ENFR Sortino Ratio Rank: 79
ENFR Omega Ratio Rank: 74
ENFR Calmar Ratio Rank: 83
ENFR Martin Ratio Rank: 62

ECLN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

ENFR vs. ECLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alerian Energy Infrastructure ETF (ENFR) and First Trust EIP Carbon Impact ETF (ECLN). 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	ECLN	Difference
Sharpe ratio: Return per unit of total volatility	2.02	—	—
Sortino ratio: Return per unit of downside risk	2.81	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	3.55	—	—
Martin ratio: Return relative to average drawdown	8.73	—	—

Drawdowns

Drawdown Indicators

	ENFR	ECLN	Difference
Max Drawdown Largest peak-to-trough decline	-68.28%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-8.64%	—	—
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 Drawdown Current decline from peak	-1.41%	—	—
Average Drawdown Average peak-to-trough decline	-15.88%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.51%	—	—

Volatility

Volatility by Period

	ENFR	ECLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.62%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.06%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.18%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.27%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.65%	—	—

ENFR vs. ECLN - Expense Ratio Comparison

ENFR has a 0.35% expense ratio, which is lower than ECLN's 0.97% expense ratio.

Dividends

ENFR vs. ECLN - Dividend Comparison

ENFR's dividend yield for the trailing twelve months is around 3.88%, while ECLN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ECLN First Trust EIP Carbon Impact ETF	1.43%	1.97%	2.52%	2.54%	1.72%	1.66%	1.68%	0.71%	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

Can I hold both ENFR and ECLN in my portfolio?

ENFR and ECLN have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ENFR or ECLN?

On fees, ENFR is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ENFR or ECLN?

ENFR is cheaper with a 0.35% expense ratio, compared with 0.97% for ECLN.

Which ETF pays a higher dividend yield, ENFR or ECLN?

ENFR has the higher dividend yield at 3.88%, compared with 1.43% for ECLN.

What is the main difference between ENFR and ECLN?

ENFR is categorized as Energy Equities, while ECLN is Utilities Equities. They also come from different issuers: SS&C and First Trust. Their fees differ too: 0.35% for ENFR and 0.97% for ECLN.