ENFR vs. MLPB
ENFR (Alerian Energy Infrastructure ETF) and MLPB (ETRACS Alerian MLP Infrastructure Index ETN Series B) are both Infrastructure Equities funds - ENFR tracks the Alerian Midstream Energy Select Index while MLPB tracks the Alerian MLP Infrastructure Index. Both are passively managed. Over the past 10 years, ENFR returned 11.73%/yr vs 8.90%/yr for MLPB. Their 0.71 correlation means they have sometimes moved together and sometimes differently. ENFR charges 0.35%/yr vs 0.85%/yr for MLPB.
Performance
ENFR vs. MLPB - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ENFR having a 27.46% return and MLPB slightly lower at 26.71%. Over the past 10 years, ENFR has outperformed MLPB with an annualized return of 11.73%, while MLPB has yielded a comparatively lower 8.90% annualized 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%
MLPB
- 1D
- 0.07%
- 1M
- 7.25%
- 6M
- 18.96%
- YTD
- 26.71%
- 1Y
- 25.73%
- 3Y*
- 22.35%
- 5Y*
- 23.19%
- 10Y*
- 8.90%
- ALL TIME*
- 7.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.48M | $4.07M | $3.20M | |
| $105.22K | $111.18K | $133.63K |
ENFR vs. MLPB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ENFR Alerian Energy Infrastructure ETF | 27.46% | 5.88% | 42.17% | 15.63% | 17.48% | 39.97% | -24.14% | 21.60% | -18.67% | -0.19% |
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B | 26.71% | 7.40% | 25.53% | 22.01% | 30.22% | 39.42% | -30.80% | 5.69% | -8.79% | -9.71% |
Correlation
The correlation between ENFR and MLPB is 0.84, 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. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2015 | 0.71 |
The correlation between ENFR and MLPB shifts across timeframes, from 0.71 (all time) to 0.88 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ENFR vs. MLPB — Risk / Return Rank
ENFR
MLPB
ENFR vs. MLPB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alerian Energy Infrastructure ETF (ENFR) and ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB). 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 | MLPB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.31 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 2.79 | +0.49 |
| Martin ratioReturn relative to average drawdown | 8.01 | 7.44 | +0.57 |
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Drawdowns
ENFR vs. MLPB - Drawdown Comparison
The maximum ENFR drawdown since its inception was -68.28%, smaller than the maximum MLPB drawdown of -71.93%. Use the drawdown chart below to compare losses from any high point for ENFR and MLPB.
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Drawdown Indicators
| ENFR | MLPB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.28% | -71.93% | +3.65% |
Max Drawdown (1Y)Largest decline over 1 year | -8.64% | -9.28% | +0.64% |
Max Drawdown (3Y)Largest decline over 3 years | -15.58% | -16.49% | +0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -20.29% | -20.41% | +0.12% |
Max Drawdown (10Y)Largest decline over 10 years | -62.64% | -71.93% | +9.29% |
Current DrawdownCurrent decline from peak | -3.18% | 0.00% | -3.18% |
Average DrawdownAverage peak-to-trough decline | -15.82% | -14.66% | -1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 3.47% | +0.06% |
Volatility
ENFR vs. MLPB - Volatility Comparison
Alerian Energy Infrastructure ETF (ENFR) has a higher volatility of 5.48% compared to ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) at 4.61%. This indicates that ENFR's price experiences larger fluctuations and is considered to be riskier than MLPB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENFR | MLPB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.48% | 4.61% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 12.31% | 11.09% | +1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.26% | 14.08% | +1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.20% | 19.61% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.65% | 27.21% | -2.56% |
ENFR vs. MLPB - Expense Ratio Comparison
ENFR has a 0.35% expense ratio, which is lower than MLPB's 0.85% expense ratio.
Dividends
ENFR vs. MLPB - Dividend Comparison
ENFR's dividend yield for the trailing twelve months is around 3.94%, less than MLPB's 5.69% 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% |
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B | 5.69% | 6.51% | 5.95% | 6.37% | 6.00% | 6.98% | 11.93% | 7.98% | 8.11% | 7.23% | 6.85% | 0.00% |
Frequently Asked Questions
ENFR and MLPB have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENFR has higher volatility (5.48%) compared to MLPB (4.61%). In terms of maximum drawdown, ENFR dropped -68.28% vs MLPB's -71.93%.
On 10-year performance, ENFR leads with 11.73% vs 8.90% for MLPB. On fees, ENFR is cheaper at 0.35% per year. On volatility, MLPB has been the lower-risk option at 4.61%. 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 11.73% return vs 8.90%. 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 0.85% for MLPB.
MLPB has the higher dividend yield at 5.69%, compared with 3.94% for ENFR.
ENFR tracks Alerian Midstream Energy Select Index, while MLPB tracks Alerian MLP Infrastructure Index. They also come from different issuers: SS&C and UBS. Their fees differ too: 0.35% for ENFR and 0.85% for MLPB.
ENFR currently has the higher Sharpe Ratio (1.86 vs 1.84), 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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