ENFR vs. HMSIX
ENFR (Alerian Energy Infrastructure ETF) and HMSIX (Hennessy Midstream Fund) are both funds - ENFR is a Infrastructure Equities fund tracking the Alerian Midstream Energy Select Index, while HMSIX is a Energy Equities fund managed by Hennessy. Over the past 5 years, ENFR returned 22.10%/yr vs 21.45%/yr for HMSIX. Their correlation of 0.94 means they have usually moved in the same direction. ENFR charges 0.35%/yr vs 1.51%/yr for HMSIX.
Performance
ENFR vs. HMSIX - Performance Comparison
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Returns By Period
In the year-to-date period, ENFR achieves a 27.46% return, which is significantly higher than HMSIX's 19.47% return.
ENFR
- 1D
- -0.63%
- 1M
- 3.26%
- 6M
- 20.04%
- YTD
- 27.46%
- 1Y
- 28.20%
- 3Y*
- 26.81%
- 5Y*
- 22.10%
- 10Y*
- 11.73%
- ALL TIME*
- 8.53%
HMSIX
- 1D
- 0.79%
- 1M
- 2.10%
- 6M
- 12.23%
- YTD
- 19.47%
- 1Y
- 19.50%
- 3Y*
- 19.51%
- 5Y*
- 21.45%
- 10Y*
- —
- ALL TIME*
- 10.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.48M | $4.07M | $3.20M | |
| $0.00 | $0.00 | $0.00 |
ENFR vs. HMSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ENFR Alerian Energy Infrastructure ETF | 27.46% | 5.88% | 42.17% | 15.63% | 17.48% | 39.97% | -24.14% | 21.60% | -18.29% |
HMSIX Hennessy Midstream Fund | 19.47% | -0.49% | 36.21% | 23.75% | 29.15% | 36.58% | -31.00% | 11.97% | -20.24% |
Correlation
The correlation between ENFR and HMSIX is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018 | 0.94 |
The correlation between ENFR and HMSIX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
ENFR vs. HMSIX — Risk / Return Rank
ENFR
HMSIX
ENFR vs. HMSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alerian Energy Infrastructure ETF (ENFR) and Hennessy Midstream Fund (HMSIX). 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 | HMSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.22 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 2.70 | +0.57 |
| Martin ratioReturn relative to average drawdown | 8.01 | 5.93 | +2.08 |
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Drawdowns
ENFR vs. HMSIX - Drawdown Comparison
The maximum ENFR drawdown since its inception was -68.28%, roughly equal to the maximum HMSIX drawdown of -68.43%. Use the drawdown chart below to compare losses from any high point for ENFR and HMSIX.
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Drawdown Indicators
| ENFR | HMSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.28% | -68.43% | +0.15% |
Max Drawdown (1Y)Largest decline over 1 year | -8.64% | -6.93% | -1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -15.58% | -16.29% | +0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -20.29% | -21.17% | +0.88% |
Max Drawdown (10Y)Largest decline over 10 years | -62.64% | — | — |
Current DrawdownCurrent decline from peak | -3.18% | -2.58% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -15.82% | -12.08% | -3.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 3.18% | +0.35% |
Volatility
ENFR vs. HMSIX - Volatility Comparison
Alerian Energy Infrastructure ETF (ENFR) and Hennessy Midstream Fund (HMSIX) have volatilities of 5.48% and 5.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENFR | HMSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.48% | 5.49% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 12.31% | 12.33% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.26% | 15.21% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.20% | 19.90% | -0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.65% | 29.20% | -4.55% |
ENFR vs. HMSIX - Expense Ratio Comparison
ENFR has a 0.35% expense ratio, which is lower than HMSIX's 1.51% expense ratio.
Dividends
ENFR vs. HMSIX - Dividend Comparison
ENFR's dividend yield for the trailing twelve months is around 3.94%, less than HMSIX's 7.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENFR Alerian Energy Infrastructure ETF | 3.94% | 4.77% | 4.41% | 5.48% | 5.23% | 7.86% | 7.57% | 5.81% | 3.98% | 2.98% | 3.31% | 3.34% |
HMSIX Hennessy Midstream Fund | 7.32% | 8.42% | 7.74% | 9.70% | 10.84% | 12.61% | 15.17% | 9.10% | 4.67% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, ENFR and HMSIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
HMSIX has higher volatility (5.49%) compared to ENFR (5.48%). In terms of maximum drawdown, ENFR dropped -68.28% vs HMSIX's -68.43%.
ENFR currently has the higher Sharpe Ratio (1.86 vs 1.23), 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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