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ENFR vs. ECLN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ENFR vs. ECLN

Last updated Jun 24, 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. Over the past 5 years, ENFR returned 20.07%/yr vs 12.01%/yr for ECLN. 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.

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Returns By Period

In the year-to-date period, ENFR achieves a 24.93% return, which is significantly higher than ECLN's 12.96% return.

ENFR

1D
1.51%
1M
-4.52%
YTD
24.93%
6M
25.03%
1Y
27.76%
3Y*
28.90%
5Y*
20.07%
10Y*
11.98%

ECLN

1D
0.16%
1M
-1.81%
YTD
12.96%
6M
12.92%
1Y
19.73%
3Y*
17.40%
5Y*
12.01%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ENFR vs. ECLN - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
ENFR
Alerian Energy Infrastructure ETF		24.93%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 0.52, 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

0.52

Correlation (3Y)
Calculated over the trailing 3-year period

0.62

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 0.52 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.

ENFR vs. ECLN - Sectors Allocation Comparison

Sectors
ENFR
ECLN

Energy

98.5%
16.3%

Industrials

3.4%
6.8%

Utilities

1.4%
76.4%

Financial Services

0.1%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Healthcare

-

-

Real Estate

-

-

Technology

-

0.5%

Energy

ENFR
98.5%
ECLN
16.3%

Industrials

ENFR
3.4%
ECLN
6.8%

Utilities

ENFR
1.4%
ECLN
76.4%

Financial Services

ENFR
0.1%
ECLN

-

Basic Materials

ENFR

-

ECLN

-

Communication Services

ENFR

-

ECLN

-

Consumer Cyclical

ENFR

-

ECLN

-

Consumer Defensive

ENFR

-

ECLN

-

Healthcare

ENFR

-

ECLN

-

Real Estate

ENFR

-

ECLN

-

Technology

ENFR

-

ECLN
0.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Alerian Energy Infrastructure ETF

First Trust EIP Carbon Impact ETF

Often compared with ENFR:
ENFR vs. AMLPENFR vs. MLPXENFR vs. TPYPENFR vs. UMIENFR vs. EMLPENFR vs. MPLXENFR vs. ATMP
Often compared with ECLN:
ECLN vs. QCLNECLN vs. UTESECLN vs. DBEMECLN vs. XLUECLN vs. EVXECLN vs. JXIECLN vs. SPY

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: 5757
Overall Rank
ENFR Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
ENFR Sortino Ratio Rank: 5757
Sortino Ratio Rank
ENFR Omega Ratio Rank: 5454
Omega Ratio Rank
ENFR Calmar Ratio Rank: 6767
Calmar Ratio Rank
ENFR Martin Ratio Rank: 5050
Martin Ratio Rank
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.

ENFRECLNDifference
Sharpe ratioReturn per unit of total volatility
1.88
2.08

-0.20

Sortino ratioReturn per unit of downside risk
2.59
3.03

-0.44

Omega ratioGain probability vs. loss probability

1.32

1.36

-0.04

Calmar ratioReturn relative to maximum drawdown

3.23

4.33

-1.11

Martin ratioReturn relative to average drawdown

8.24

11.59

-3.34

ENFR vs. ECLN - Sharpe Ratio Comparison

The current ENFR Sharpe Ratio is 1.88, which is comparable to the ECLN Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of ENFR and ECLN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ENFR vs. ECLN - Drawdown Comparison

The maximum ENFR drawdown since its inception was -68.28%, which is greater than ECLN's maximum drawdown of -32.28%. Use the drawdown chart below to compare losses from any high point for ENFR and ECLN.

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Drawdown Indicators

ENFRECLNDifference

Max Drawdown

Largest peak-to-trough decline

-68.28%

-32.28%

-36.00%

Max Drawdown (1Y)

Largest decline over 1 year

-8.64%

-5.02%

-3.62%

Max Drawdown (3Y)

Largest decline over 3 years

-15.58%

-14.68%

-0.90%

Max Drawdown (5Y)

Largest decline over 5 years

-20.29%

-19.88%

-0.41%

Max Drawdown (10Y)

Largest decline over 10 years

-62.64%

—

—

Current Drawdown

Current decline from peak

-4.71%

-2.96%

-1.75%

Average Drawdown

Average peak-to-trough decline

-15.94%

-4.99%

-10.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.38%

1.87%

+1.51%

Volatility

ENFR vs. ECLN - Volatility Comparison

Alerian Energy Infrastructure ETF (ENFR) has a higher volatility of 5.69% compared to First Trust EIP Carbon Impact ETF (ECLN) at 3.75%. This indicates that ENFR's price experiences larger fluctuations and is considered to be riskier than ECLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ENFRECLNDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.69%

3.75%

+1.94%

Volatility (6M)

Calculated over the trailing 6-month period

11.60%

8.12%

+3.48%

Volatility (1Y)

Calculated over the trailing 1-year period

14.86%

10.45%

+4.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.25%

14.22%

+5.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.68%

17.39%

+7.29%

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 4.02%, while ECLN has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
ECLN
First Trust EIP Carbon Impact ETF		1.81%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		4.02%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 ECLN have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ENFR has higher volatility (5.69%) compared to ECLN (3.75%). In terms of maximum drawdown, ENFR dropped -68.28% vs ECLN's -32.28%.

On 5-year performance, ENFR leads with 20.07% vs 12.01% for ECLN. On fees, ENFR is cheaper at 0.35% per year. On volatility, ECLN has been the lower-risk option at 3.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, ENFR has performed better with a 20.07% return vs 12.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

ENFR has the higher dividend yield at 4.02%, compared with 1.81% for 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.

ECLN currently has the higher Sharpe Ratio (2.08 vs 1.88), 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.

Portfolio Optimizer

Find the right allocation for ENFR and ECLN

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