ENFR vs. IIPR
ENFR (Alerian Energy Infrastructure ETF) is Energy Equities fund tracking the Alerian Midstream Energy Select Index, while IIPR (Innovative Industrial Properties, Inc.) is a stock. Over the past 5 years, ENFR returned 19.43%/yr vs -13.57%/yr for IIPR. At a 0.26 correlation, their price movements are largely independent.
Performance
ENFR vs. IIPR - Performance Comparison
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Returns By Period
In the year-to-date period, ENFR achieves a 25.97% return, which is significantly lower than IIPR's 32.69% return.
ENFR
- 1D
- 0.73%
- 1M
- -1.85%
- YTD
- 25.97%
- 6M
- 26.39%
- 1Y
- 26.11%
- 3Y*
- 28.39%
- 5Y*
- 19.43%
- 10Y*
- 12.28%
IIPR
- 1D
- -2.07%
- 1M
- 12.06%
- YTD
- 32.69%
- 6M
- 15.09%
- 1Y
- 24.22%
- 3Y*
- 4.81%
- 5Y*
- -13.57%
- 10Y*
- —
ENFR vs. IIPR - 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% |
IIPR Innovative Industrial Properties, Inc. | 32.69% | -18.40% | -28.55% | 8.78% | -59.02% | 47.49% | 151.33% | 72.52% | 43.88% | 82.30% |
Correlation
The correlation between ENFR and IIPR is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2016 | 0.26 |
Over the past year, the correlation between ENFR and IIPR has dropped to 0.01 - well below their long-term average of 0.26, suggesting their price drivers have been diverging.
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Return for Risk
ENFR vs. IIPR — Risk / Return Rank
ENFR
IIPR
ENFR vs. IIPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alerian Energy Infrastructure ETF (ENFR) and Innovative Industrial Properties, Inc. (IIPR). 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 | IIPR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.14 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 1.09 | +1.99 |
| Martin ratioReturn relative to average drawdown | 8.18 | 2.65 | +5.53 |
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Drawdowns
ENFR vs. IIPR - Drawdown Comparison
The maximum ENFR drawdown since its inception was -68.28%, smaller than the maximum IIPR drawdown of -78.42%. Use the drawdown chart below to compare losses from any high point for ENFR and IIPR.
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Drawdown Indicators
| ENFR | IIPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.28% | -78.42% | +10.14% |
Max Drawdown (1Y)Largest decline over 1 year | -8.64% | -21.29% | +12.65% |
Max Drawdown (3Y)Largest decline over 3 years | -15.58% | -62.92% | +47.34% |
Max Drawdown (5Y)Largest decline over 5 years | -20.29% | -78.42% | +58.13% |
Max Drawdown (10Y)Largest decline over 10 years | -62.64% | — | — |
Current DrawdownCurrent decline from peak | -3.91% | -68.14% | +64.23% |
Average DrawdownAverage peak-to-trough decline | -15.95% | -37.34% | +21.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 8.73% | -5.48% |
Volatility
ENFR vs. IIPR - Volatility Comparison
The current volatility for Alerian Energy Infrastructure ETF (ENFR) is 5.63%, while Innovative Industrial Properties, Inc. (IIPR) has a volatility of 9.13%. This indicates that ENFR experiences smaller price fluctuations and is considered to be less risky than IIPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENFR | IIPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.63% | 9.13% | -3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 11.48% | 30.31% | -18.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.66% | 41.56% | -26.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.30% | 41.71% | -22.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.67% | 48.46% | -23.79% |
Dividends
ENFR vs. IIPR - Dividend Comparison
ENFR's dividend yield for the trailing twelve months is around 3.98%, less than IIPR's 12.56% 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% |
IIPR Innovative Industrial Properties, Inc. | 12.56% | 16.05% | 11.28% | 7.16% | 7.01% | 2.18% | 2.44% | 3.73% | 1.87% | 1.70% | 0.00% | 0.00% |
Frequently Asked Questions
ENFR and IIPR have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IIPR has higher volatility (9.13%) compared to ENFR (5.63%). In terms of maximum drawdown, ENFR dropped -68.28% vs IIPR's -78.42%.
ENFR currently has the higher Sharpe Ratio (1.82 vs 0.56), 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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