ENFR vs. MLPX
ENFR (Alerian Energy Infrastructure ETF) and MLPX (Global X MLP & Energy Infrastructure ETF) are both Infrastructure Equities funds - ENFR tracks the Alerian Midstream Energy Select Index while MLPX tracks the Solactive MLP & Energy Infrastructure Index. Both are passively managed. Over the past 10 years, ENFR returned 12.14%/yr vs 12.35%/yr for MLPX. Their correlation of 0.94 means they have usually moved in the same direction. ENFR charges 0.35%/yr vs 0.45%/yr for MLPX.
Performance
ENFR vs. MLPX - Performance Comparison
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Returns By Period
In the year-to-date period, ENFR achieves a 28.27% return, which is significantly higher than MLPX's 26.75% return. Both investments have delivered pretty close results over the past 10 years, with ENFR having a 12.14% annualized return and MLPX not far ahead at 12.35%.
ENFR
- 1D
- 0.25%
- 1M
- 3.92%
- 6M
- 19.23%
- YTD
- 28.27%
- 1Y
- 29.02%
- 3Y*
- 26.80%
- 5Y*
- 21.89%
- 10Y*
- 12.14%
- ALL TIME*
- 8.59%
MLPX
- 1D
- 0.31%
- 1M
- 2.91%
- 6M
- 17.40%
- YTD
- 26.75%
- 1Y
- 26.87%
- 3Y*
- 26.63%
- 5Y*
- 22.92%
- 10Y*
- 12.35%
- ALL TIME*
- 9.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.27M | $3.93M | $3.16M | |
| $36.85M | $35.99M | $31.05M |
ENFR vs. MLPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ENFR Alerian Energy Infrastructure ETF | 28.27% | 5.88% | 42.17% | 15.63% | 17.48% | 39.97% | -24.14% | 21.60% | -18.67% | -0.19% |
MLPX Global X MLP & Energy Infrastructure ETF | 26.75% | 4.96% | 42.90% | 15.77% | 21.54% | 39.63% | -20.32% | 19.04% | -15.64% | -4.53% |
Correlation
The correlation between ENFR and MLPX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2013 | 0.94 |
The correlation between ENFR and MLPX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
ENFR vs. MLPX — Risk / Return Rank
ENFR
MLPX
ENFR vs. MLPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alerian Energy Infrastructure ETF (ENFR) and Global X MLP & Energy Infrastructure ETF (MLPX). 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 | MLPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.29 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 3.27 | +0.07 |
| Martin ratioReturn relative to average drawdown | 8.16 | 7.63 | +0.53 |
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Drawdowns
ENFR vs. MLPX - Drawdown Comparison
The maximum ENFR drawdown since its inception was -68.28%, roughly equal to the maximum MLPX drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for ENFR and MLPX.
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Drawdown Indicators
| ENFR | MLPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.28% | -70.67% | +2.39% |
Max Drawdown (1Y)Largest decline over 1 year | -8.64% | -8.18% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -15.58% | -16.77% | +1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -20.29% | -19.72% | -0.57% |
Max Drawdown (10Y)Largest decline over 10 years | -62.64% | -64.70% | +2.06% |
Current DrawdownCurrent decline from peak | -2.57% | -3.27% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -15.83% | -16.47% | +0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | 3.49% | +0.03% |
Volatility
ENFR vs. MLPX - Volatility Comparison
Alerian Energy Infrastructure ETF (ENFR) and Global X MLP & Energy Infrastructure ETF (MLPX) have volatilities of 5.44% and 5.46%, 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 | MLPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 5.46% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 12.30% | 12.52% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.24% | 15.68% | -0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.19% | 19.90% | -0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.65% | 26.14% | -1.49% |
ENFR vs. MLPX - Expense Ratio Comparison
ENFR has a 0.35% expense ratio, which is lower than MLPX's 0.45% expense ratio.
Dividends
ENFR vs. MLPX - Dividend Comparison
ENFR's dividend yield for the trailing twelve months is around 3.91%, less than MLPX's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENFR Alerian Energy Infrastructure ETF | 3.91% | 4.77% | 4.41% | 5.48% | 5.23% | 7.86% | 7.57% | 5.81% | 3.98% | 2.98% | 3.31% | 3.34% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.05% | 4.88% | 4.30% | 5.22% | 5.23% | 5.98% | 8.32% | 5.78% | 5.77% | 4.36% | 5.50% | 4.81% |
Frequently Asked Questions
With a correlation of 0.96, ENFR and MLPX 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.
MLPX has higher volatility (5.46%) compared to ENFR (5.44%). In terms of maximum drawdown, ENFR dropped -68.28% vs MLPX's -70.67%.
On 10-year performance, MLPX leads with 12.35% vs 12.14% for ENFR. On fees, ENFR is cheaper at 0.35% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, MLPX has performed better with a 12.35% return vs 12.14%. 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 0.45% for MLPX.
MLPX has the higher dividend yield at 4.05%, compared with 3.91% for ENFR.
ENFR tracks Alerian Midstream Energy Select Index, while MLPX tracks Solactive MLP & Energy Infrastructure Index. They also come from different issuers: SS&C and Global X. Their fees differ too: 0.35% for ENFR and 0.45% for MLPX.
ENFR currently has the higher Sharpe Ratio (1.89 vs 1.71), 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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