ENFR vs. MLPX
Compare and contrast key facts about Alerian Energy Infrastructure ETF (ENFR) and Global X MLP & Energy Infrastructure ETF (MLPX).
ENFR and MLPX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ENFR is a passively managed fund by SS&C that tracks the performance of the Alerian Midstream Energy Select Index. It was launched on Nov 1, 2013. MLPX is a passively managed fund by Global X that tracks the performance of the Solactive MLP & Energy Infrastructure Index. It was launched on Aug 7, 2013. Both ENFR and MLPX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ENFR or MLPX.
Key characteristics
| ENFR | MLPX | |
|---|---|---|
| YTD Return | 39.38% | 42.11% |
| 1Y Return | 44.25% | 46.85% |
| 3Y Return (Ann) | 21.61% | 23.58% |
| 5Y Return (Ann) | 16.45% | 19.11% |
| 10Y Return (Ann) | 5.71% | 6.21% |
| Sharpe Ratio | 3.59 | 3.50 |
| Sortino Ratio | 4.90 | 4.74 |
| Omega Ratio | 1.63 | 1.59 |
| Calmar Ratio | 8.48 | 7.61 |
| Martin Ratio | 29.81 | 27.53 |
| Ulcer Index | 1.55% | 1.77% |
| Daily Std Dev | 12.87% | 13.92% |
| Max Drawdown | -68.28% | -70.59% |
| Current Drawdown | -2.37% | -1.41% |
Correlation
The correlation between ENFR and MLPX is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ENFR vs. MLPX - Performance Comparison
In the year-to-date period, ENFR achieves a 39.38% return, which is significantly lower than MLPX's 42.11% return. Over the past 10 years, ENFR has underperformed MLPX with an annualized return of 5.71%, while MLPX has yielded a comparatively higher 6.21% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ENFR vs. MLPX - Expense Ratio Comparison
ENFR has a 0.35% expense ratio, which is lower than MLPX's 0.45% expense ratio.
Risk-Adjusted Performance
ENFR vs. MLPX - Risk-Adjusted Performance 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.
Dividends
ENFR vs. MLPX - Dividend Comparison
ENFR's dividend yield for the trailing twelve months is around 3.32%, less than MLPX's 4.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENFR Alerian Energy Infrastructure ETF | 3.32% | 5.48% | 5.22% | 7.86% | 7.58% | 5.82% | 3.98% | 2.98% | 3.31% | 3.34% | 2.15% | 0.26% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.23% | 5.22% | 5.23% | 5.98% | 8.33% | 5.78% | 5.98% | 4.37% | 5.52% | 4.82% | 2.16% | 0.67% |
Drawdowns
ENFR vs. MLPX - Drawdown Comparison
The maximum ENFR drawdown since its inception was -68.28%, roughly equal to the maximum MLPX drawdown of -70.59%. Use the drawdown chart below to compare losses from any high point for ENFR and MLPX. For additional features, visit the drawdowns tool.
Volatility
ENFR vs. MLPX - Volatility Comparison
The current volatility for Alerian Energy Infrastructure ETF (ENFR) is 4.36%, while Global X MLP & Energy Infrastructure ETF (MLPX) has a volatility of 4.64%. This indicates that ENFR experiences smaller price fluctuations and is considered to be less risky than MLPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.