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ENFR vs. IWN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ENFR vs. IWN

Last updated Jun 13, 2026

ENFR (Alerian Energy Infrastructure ETF) and IWN (iShares Russell 2000 Value ETF) are both exchange-traded funds - ENFR is a Energy Equities fund tracking the Alerian Midstream Energy Select Index, while IWN is a Small Cap Value Equities fund tracking the Russell 2000 Value Index. Both are passively managed. Over the past 10 years, ENFR returned 12.28%/yr vs 10.58%/yr for IWN. A 0.56 correlation means they provide meaningful diversification when combined. ENFR charges 0.35%/yr vs 0.24%/yr for IWN.

Performance

ENFR vs. IWN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alerian Energy Infrastructure ETF (ENFR) and iShares Russell 2000 Value ETF (IWN). 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 25.97% return, which is significantly higher than IWN's 20.82% return. Over the past 10 years, ENFR has outperformed IWN with an annualized return of 12.28%, while IWN has yielded a comparatively lower 10.58% 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%

IWN

1D
1.17%
1M
4.34%
YTD
20.82%
6M
17.48%
1Y
42.26%
3Y*
17.41%
5Y*
6.89%
10Y*
10.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ENFR vs. IWN - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
IWN
iShares Russell 2000 Value ETF		20.82%12.40%7.63%14.56%-14.77%27.96%4.66%22.01%-13.01%7.69%

Correlation

The correlation between ENFR and IWN is 0.05, 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

0.05

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

0.39

Correlation (5Y)
Calculated over the trailing 5-year period

0.54

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

0.56

Over the past year, the correlation between ENFR and IWN has dropped to 0.05 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.

ENFR vs. IWN - Sectors Allocation Comparison

Sectors
ENFR
IWN

Energy

98.8%
9.2%

Industrials

3.4%
11.1%

Utilities

1.0%
5.7%

Financial Services

0.2%
24.2%

Basic Materials

-

5.4%

Communication Services

-

1.6%

Consumer Cyclical

-

8.7%

Consumer Defensive

-

2.0%

Healthcare

-

8.8%

Real Estate

-

10.2%

Technology

-

12.4%

Energy

ENFR
98.8%
IWN
9.2%

Industrials

ENFR
3.4%
IWN
11.1%

Utilities

ENFR
1.0%
IWN
5.7%

Financial Services

ENFR
0.2%
IWN
24.2%

Basic Materials

ENFR

-

IWN
5.4%

Communication Services

ENFR

-

IWN
1.6%

Consumer Cyclical

ENFR

-

IWN
8.7%

Consumer Defensive

ENFR

-

IWN
2.0%

Healthcare

ENFR

-

IWN
8.8%

Real Estate

ENFR

-

IWN
10.2%

Technology

ENFR

-

IWN
12.4%

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

iShares Russell 2000 Value ETF

Often compared with ENFR:
ENFR vs. AMLPENFR vs. MLPXENFR vs. TPYPENFR vs. EMLPENFR vs. UMIENFR vs. MPLXENFR vs. ATMP
Often compared with IWN:
IWN vs. IWMIWN vs. IWOIWN vs. VTWOIWN vs. IJSIWN vs. IWSIWN vs. IWVIWN vs. IWX

Return for Risk

ENFR vs. IWN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ENFR
ENFR Risk / Return Rank: 6262
Overall Rank
ENFR Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
ENFR Sortino Ratio Rank: 6262
Sortino Ratio Rank
ENFR Omega Ratio Rank: 5959
Omega Ratio Rank
ENFR Calmar Ratio Rank: 7070
Calmar Ratio Rank
ENFR Martin Ratio Rank: 5353
Martin Ratio Rank
IWN
IWN Risk / Return Rank: 8585
Overall Rank
IWN Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
IWN Sortino Ratio Rank: 8484
Sortino Ratio Rank
IWN Omega Ratio Rank: 7878
Omega Ratio Rank
IWN Calmar Ratio Rank: 9191
Calmar Ratio Rank
IWN Martin Ratio Rank: 8888
Martin Ratio Rank
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. IWN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alerian Energy Infrastructure ETF (ENFR) and iShares Russell 2000 Value ETF (IWN). 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.

ENFRIWNDifference
Sharpe ratioReturn per unit of total volatility
1.82
2.35

-0.53

Sortino ratioReturn per unit of downside risk
2.52
3.27

-0.75

Omega ratioGain probability vs. loss probability

1.31

1.40

-0.08

Calmar ratioReturn relative to maximum drawdown

3.08

5.02

-1.95

Martin ratioReturn relative to average drawdown

8.18

16.91

-8.73

ENFR vs. IWN - Sharpe Ratio Comparison

The current ENFR Sharpe Ratio is 1.82, which is comparable to the IWN Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of ENFR and IWN, 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. IWN - Drawdown Comparison

The maximum ENFR drawdown since its inception was -68.28%, which is greater than IWN's maximum drawdown of -61.55%. Use the drawdown chart below to compare losses from any high point for ENFR and IWN.

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Drawdown Indicators

ENFRIWNDifference

Max Drawdown

Largest peak-to-trough decline

-68.28%

-61.55%

-6.73%

Max Drawdown (1Y)

Largest decline over 1 year

-8.64%

-8.45%

-0.19%

Max Drawdown (3Y)

Largest decline over 3 years

-15.58%

-26.70%

+11.12%

Max Drawdown (5Y)

Largest decline over 5 years

-20.29%

-26.70%

+6.41%

Max Drawdown (10Y)

Largest decline over 10 years

-62.64%

-46.08%

-16.56%

Current Drawdown

Current decline from peak

-3.91%

0.00%

-3.91%

Average Drawdown

Average peak-to-trough decline

-15.95%

-10.15%

-5.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.25%

2.51%

+0.74%

Volatility

ENFR vs. IWN - Volatility Comparison

Alerian Energy Infrastructure ETF (ENFR) and iShares Russell 2000 Value ETF (IWN) have volatilities of 5.63% and 5.80%, 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

ENFRIWNDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.63%

5.80%

-0.17%

Volatility (6M)

Calculated over the trailing 6-month period

11.48%

12.25%

-0.77%

Volatility (1Y)

Calculated over the trailing 1-year period

14.66%

18.09%

-3.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.30%

21.47%

-2.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.67%

23.41%

+1.26%

ENFR vs. IWN - Expense Ratio Comparison

ENFR has a 0.35% expense ratio, which is higher than IWN's 0.24% expense ratio.

Dividends

ENFR vs. IWN - Dividend Comparison

ENFR's dividend yield for the trailing twelve months is around 3.98%, more than IWN's 1.42% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
IWN
iShares Russell 2000 Value ETF		1.42%1.70%1.80%2.04%2.12%1.48%1.60%1.92%1.99%1.78%1.74%2.15%

Frequently Asked Questions

ENFR and IWN have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IWN has higher volatility (5.80%) compared to ENFR (5.63%). In terms of maximum drawdown, ENFR dropped -68.28% vs IWN's -61.55%.

On 10-year performance, ENFR leads with 12.28% vs 10.58% for IWN. On fees, IWN is cheaper at 0.24% per year. On volatility, ENFR has been the lower-risk option at 5.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, ENFR has performed better with a 12.28% return vs 10.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IWN is cheaper with a 0.24% expense ratio, compared with 0.35% for ENFR.

ENFR has the higher dividend yield at 3.98%, compared with 1.42% for IWN.

ENFR is categorized as Energy Equities, while IWN is Small Cap Value Equities. ENFR tracks Alerian Midstream Energy Select Index, while IWN tracks Russell 2000 Value Index. They also come from different issuers: SS&C and iShares. Their fees differ too: 0.35% for ENFR and 0.24% for IWN.

IWN currently has the higher Sharpe Ratio (2.35 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.

Portfolio Optimizer

Find the right allocation for ENFR and IWN

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