ENFR vs. FGRTX

Last updated Jun 13, 2026

ENFR (Alerian Energy Infrastructure ETF) and FGRTX (Fidelity Mega Cap Stock Fund) are both funds - ENFR is a Energy Equities fund tracking the Alerian Midstream Energy Select Index, while FGRTX is a Large Cap Blend Equities fund actively managed by Fidelity. ENFR is passively managed, while FGRTX is actively managed. Over the past 10 years, ENFR returned 12.28%/yr vs 16.46%/yr for FGRTX. A 0.57 correlation means they provide meaningful diversification when combined. ENFR charges 0.35%/yr vs 0.58%/yr for FGRTX.

Performance

ENFR vs. FGRTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alerian Energy Infrastructure ETF (ENFR) and Fidelity Mega Cap Stock Fund (FGRTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ENFR achieves a 25.97% return, which is significantly higher than FGRTX's 8.35% return. Over the past 10 years, ENFR has underperformed FGRTX with an annualized return of 12.28%, while FGRTX has yielded a comparatively higher 16.46% annualized return.

ENFR

• 1D: 0.73%
• 1M: 0.52%
• YTD: 25.97%
• 6M: 26.39%
• 1Y: 26.50%
• 3Y*: 28.39%
• 5Y*: 19.43%
• 10Y*: 12.28%

FGRTX

• 1D: 1.62%
• 1M: -1.08%
• YTD: 8.35%
• 6M: 9.78%
• 1Y: 26.75%
• 3Y*: 24.44%
• 5Y*: 15.83%
• 10Y*: 16.46%

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

ENFR vs. FGRTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ENFR Alerian Energy Infrastructure ETF	25.97%	5.88%	42.17%	15.63%	17.48%	39.97%	-24.14%	21.60%	-18.67%	-0.19%
FGRTX Fidelity Mega Cap Stock Fund	8.35%	26.92%	25.98%	26.51%	-8.98%	26.29%	12.96%	31.07%	-7.44%	16.98%

Correlation

The correlation between ENFR and FGRTX is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Nov 1, 2013	0.57

The correlation between ENFR and FGRTX shifts across timeframes, from -0.04 (1 year) to 0.58 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

ENFR vs. FGRTX — Risk / Return Rank

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

ENFR

ENFR Risk / Return Rank: 62
ENFR Sharpe Ratio Rank: 63
ENFR Sortino Ratio Rank: 62
ENFR Omega Ratio Rank: 59
ENFR Calmar Ratio Rank: 70
ENFR Martin Ratio Rank: 53

FGRTX

FGRTX Risk / Return Rank: 80
FGRTX Sharpe Ratio Rank: 80
FGRTX Sortino Ratio Rank: 77
FGRTX Omega Ratio Rank: 75
FGRTX Calmar Ratio Rank: 79
FGRTX Martin Ratio Rank: 87

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. FGRTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alerian Energy Infrastructure ETF (ENFR) and Fidelity Mega Cap Stock Fund (FGRTX). 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	FGRTX	Difference
Sharpe ratio: Return per unit of total volatility	1.82	2.17	-0.35
Sortino ratio: Return per unit of downside risk	2.52	2.98	-0.46
Omega ratio: Gain probability vs. loss probability	1.31	1.39	-0.08
Calmar ratio: Return relative to maximum drawdown	3.08	3.00	+0.08
Martin ratio: Return relative to average drawdown	8.18	13.36	-5.18

ENFR vs. FGRTX - Sharpe Ratio Comparison

The current ENFR Sharpe Ratio is 1.82, which is comparable to the FGRTX Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of ENFR and FGRTX, 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

ENFR vs. FGRTX - Drawdown Comparison

The maximum ENFR drawdown since its inception was -68.28%, which is greater than FGRTX's maximum drawdown of -56.17%. Use the drawdown chart below to compare losses from any high point for ENFR and FGRTX.

Drawdown Indicators

	ENFR	FGRTX	Difference
Max Drawdown Largest peak-to-trough decline	-68.28%	-56.17%	-12.11%
Max Drawdown (1Y) Largest decline over 1 year	-8.64%	-8.99%	+0.35%
Max Drawdown (3Y) Largest decline over 3 years	-15.58%	-18.51%	+2.93%
Max Drawdown (5Y) Largest decline over 5 years	-20.29%	-23.35%	+3.06%
Max Drawdown (10Y) Largest decline over 10 years	-62.64%	-35.18%	-27.46%
Current Drawdown Current decline from peak	-3.91%	-2.25%	-1.66%
Average Drawdown Average peak-to-trough decline	-15.95%	-8.71%	-7.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.25%	2.01%	+1.24%

Volatility

ENFR vs. FGRTX - Volatility Comparison

Alerian Energy Infrastructure ETF (ENFR) has a higher volatility of 5.63% compared to Fidelity Mega Cap Stock Fund (FGRTX) at 4.04%. This indicates that ENFR's price experiences larger fluctuations and is considered to be riskier than FGRTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ENFR	FGRTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.63%	4.04%	+1.59%
Volatility (6M) Calculated over the trailing 6-month period	11.48%	9.65%	+1.83%
Volatility (1Y) Calculated over the trailing 1-year period	14.66%	12.42%	+2.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.30%	16.77%	+2.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.67%	18.14%	+6.53%

ENFR vs. FGRTX - Expense Ratio Comparison

ENFR has a 0.35% expense ratio, which is lower than FGRTX's 0.58% expense ratio.

Dividends

ENFR vs. FGRTX - Dividend Comparison

ENFR's dividend yield for the trailing twelve months is around 3.98%, more than FGRTX's 3.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ENFR Alerian Energy Infrastructure ETF	3.98%	4.77%	4.41%	5.48%	5.23%	7.86%	7.57%	5.81%	3.98%	2.98%	3.31%	3.34%
FGRTX Fidelity Mega Cap Stock Fund	3.59%	3.89%	2.68%	2.06%	4.38%	4.79%	7.96%	12.98%	21.72%	15.57%	1.97%	4.16%

Frequently Asked Questions

Can I hold both ENFR and FGRTX in my portfolio?

ENFR and FGRTX have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ENFR or FGRTX?

ENFR has higher volatility (5.63%) compared to FGRTX (4.04%). In terms of maximum drawdown, ENFR dropped -68.28% vs FGRTX's -56.17%.

Which has better risk-adjusted returns?

FGRTX currently has the higher Sharpe Ratio (2.17 vs 1.82), 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.