ENFR vs. TAXM
ENFR (Alerian Energy Infrastructure ETF) and TAXM (BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents) are both exchange-traded funds - ENFR is a Infrastructure Equities fund tracking the Alerian Midstream Energy Select Index, while TAXM is a Municipal Bonds fund actively managed by BondBloxx. ENFR is passively managed, while TAXM is actively managed. Over the past year, ENFR returned 28.20% vs 4.21% for TAXM. Their -0.11 correlation means they have often moved in opposite directions in the past. Both charge a 0.35% expense ratio.
Performance
ENFR vs. TAXM - Performance Comparison
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Returns By Period
In the year-to-date period, ENFR achieves a 27.46% return, which is significantly higher than TAXM's 0.25% 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%
TAXM
- 1D
- 0.11%
- 1M
- -1.50%
- 6M
- -0.46%
- YTD
- 0.25%
- 1Y
- 4.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.48M | $4.07M | $3.20M | |
| $165.19K | $262.60K | $180.68K |
ENFR vs. TAXM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ENFR Alerian Energy Infrastructure ETF | 27.46% | 3.43% |
TAXM BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents | 0.25% | 3.90% |
Correlation
The correlation between ENFR and TAXM is -0.26, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.26 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | -0.11 |
The correlation between ENFR and TAXM shifts across timeframes, from -0.26 (1 year) to -0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ENFR vs. TAXM — Risk / Return Rank
ENFR
TAXM
ENFR vs. TAXM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alerian Energy Infrastructure ETF (ENFR) and BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents (TAXM). 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 | TAXM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.30 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 1.56 | +1.71 |
| Martin ratioReturn relative to average drawdown | 8.01 | 4.91 | +3.11 |
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Drawdowns
ENFR vs. TAXM - Drawdown Comparison
The maximum ENFR drawdown since its inception was -68.28%, which is greater than TAXM's maximum drawdown of -3.10%. Use the drawdown chart below to compare losses from any high point for ENFR and TAXM.
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Drawdown Indicators
| ENFR | TAXM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.28% | -3.10% | -65.18% |
Max Drawdown (1Y)Largest decline over 1 year | -8.64% | -2.70% | -5.94% |
Max Drawdown (3Y)Largest decline over 3 years | -15.58% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.29% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -62.64% | — | — |
Current DrawdownCurrent decline from peak | -3.18% | -1.72% | -1.46% |
Average DrawdownAverage peak-to-trough decline | -15.82% | -0.73% | -15.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 0.86% | +2.67% |
Volatility
ENFR vs. TAXM - Volatility Comparison
Alerian Energy Infrastructure ETF (ENFR) has a higher volatility of 5.48% compared to BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents (TAXM) at 0.99%. This indicates that ENFR's price experiences larger fluctuations and is considered to be riskier than TAXM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENFR | TAXM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.48% | 0.99% | +4.49% |
Volatility (6M)Calculated over the trailing 6-month period | 12.31% | 2.28% | +10.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.26% | 2.75% | +12.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.20% | 3.48% | +15.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.65% | 3.48% | +21.17% |
ENFR vs. TAXM - Expense Ratio Comparison
Both ENFR and TAXM have an expense ratio of 0.35%.
Dividends
ENFR vs. TAXM - Dividend Comparison
ENFR's dividend yield for the trailing twelve months is around 3.94%, more than TAXM's 3.29% 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% |
TAXM BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents | 3.29% | 2.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ENFR and TAXM have a correlation of -0.26, 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 TAXM (0.99%). In terms of maximum drawdown, ENFR dropped -68.28% vs TAXM's -3.10%.
On 1-year performance, ENFR leads with 28.20% vs 4.21% for TAXM. Both ETFs have the same 0.35% expense ratio. On volatility, TAXM has been the lower-risk option at 0.99%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ENFR has performed better with a 28.20% return vs 4.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ENFR and TAXM have the same expense ratio: 0.35% per year.
ENFR has the higher dividend yield at 3.94%, compared with 3.29% for TAXM.
ENFR is categorized as Infrastructure Equities, while TAXM is Municipal Bonds. They also come from different issuers: SS&C and BondBloxx.
ENFR currently has the higher Sharpe Ratio (1.86 vs 1.54), 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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