ENFR vs. TPYP
Compare and contrast key facts about Alerian Energy Infrastructure ETF (ENFR) and Tortoise North American Pipeline Fund (TPYP).
ENFR and TPYP 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. TPYP is a passively managed fund by Tortoise that tracks the performance of the Tortoise North American Pipeline Index. It was launched on Jun 30, 2015. Both ENFR and TPYP 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 TPYP.
Key characteristics
| ENFR | TPYP | |
|---|---|---|
| YTD Return | 12.40% | 8.83% |
| 1Y Return | 28.93% | 19.80% |
| 3Y Return (Ann) | 20.19% | 15.58% |
| 5Y Return (Ann) | 10.16% | 8.66% |
| Sharpe Ratio | 1.95 | 1.34 |
| Daily Std Dev | 13.94% | 13.75% |
| Max Drawdown | -68.28% | -51.91% |
| Current Drawdown | -0.37% | -0.25% |
Correlation
The correlation between ENFR and TPYP is 0.91, 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. TPYP - Performance Comparison
In the year-to-date period, ENFR achieves a 12.40% return, which is significantly higher than TPYP's 8.83% 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. TPYP - Expense Ratio Comparison
ENFR has a 0.35% expense ratio, which is lower than TPYP's 0.40% expense ratio.
Risk-Adjusted Performance
ENFR vs. TPYP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alerian Energy Infrastructure ETF (ENFR) and Tortoise North American Pipeline Fund (TPYP). 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. TPYP - Dividend Comparison
ENFR's dividend yield for the trailing twelve months is around 5.06%, more than TPYP's 4.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENFR Alerian Energy Infrastructure ETF | 5.06% | 5.48% | 5.23% | 7.86% | 7.57% | 5.81% | 3.98% | 2.98% | 3.31% | 3.34% | 2.15% | 0.26% |
TPYP Tortoise North American Pipeline Fund | 4.54% | 4.83% | 4.48% | 4.86% | 6.14% | 4.44% | 4.58% | 3.71% | 3.18% | 1.48% | 0.00% | 0.00% |
Drawdowns
ENFR vs. TPYP - Drawdown Comparison
The maximum ENFR drawdown since its inception was -68.28%, which is greater than TPYP's maximum drawdown of -51.91%. Use the drawdown chart below to compare losses from any high point for ENFR and TPYP. For additional features, visit the drawdowns tool.
Volatility
ENFR vs. TPYP - Volatility Comparison
Alerian Energy Infrastructure ETF (ENFR) and Tortoise North American Pipeline Fund (TPYP) have volatilities of 3.37% and 3.49%, 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.