ENFR vs. TPZ
ENFR (Alerian Energy Infrastructure ETF) and TPZ (Tortoise Electrification Infrastructure ETF) are both Energy Equities funds. ENFR is passively managed, while TPZ is actively managed. Over the past 10 years, ENFR returned 11.71%/yr vs 8.62%/yr for TPZ. A 0.68 correlation means they provide meaningful diversification when combined. ENFR charges 0.35%/yr vs 0.85%/yr for TPZ.
Performance
ENFR vs. TPZ - Performance Comparison
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Returns By Period
In the year-to-date period, ENFR achieves a 29.35% return, which is significantly higher than TPZ's 10.28% return. Over the past 10 years, ENFR has outperformed TPZ with an annualized return of 11.71%, while TPZ has yielded a comparatively lower 8.62% annualized return.
ENFR
- 1D
- 1.09%
- 1M
- 5.43%
- 6M
- 27.82%
- YTD
- 29.35%
- 1Y
- 32.20%
- 3Y*
- 28.32%
- 5Y*
- 22.31%
- 10Y*
- 11.71%
TPZ
- 1D
- 0.03%
- 1M
- 2.16%
- 6M
- 7.44%
- YTD
- 10.28%
- 1Y
- 13.35%
- 3Y*
- 25.21%
- 5Y*
- 18.00%
- 10Y*
- 8.62%
ENFR vs. TPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ENFR Alerian Energy Infrastructure ETF | 29.35% | 5.88% | 42.17% | 15.63% | 17.48% | 39.97% | -24.14% | 21.60% | -18.67% | -0.19% |
TPZ Tortoise Electrification Infrastructure ETF | 10.28% | 5.67% | 53.88% | 20.72% | 2.44% | 29.31% | -27.84% | 15.61% | -16.12% | -0.30% |
Correlation
The correlation between ENFR and TPZ is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2013 | 0.68 |
The correlation between ENFR and TPZ shifts across timeframes, from 0.56 (1 year) to 0.72 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ENFR vs. TPZ — Risk / Return Rank
ENFR
TPZ
ENFR vs. TPZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alerian Energy Infrastructure ETF (ENFR) and Tortoise Electrification Infrastructure ETF (TPZ). 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 | TPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.17 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | 2.13 | +1.61 |
| Martin ratioReturn relative to average drawdown | 9.20 | 4.70 | +4.49 |
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Drawdowns
ENFR vs. TPZ - Drawdown Comparison
The maximum ENFR drawdown since its inception was -68.28%, smaller than the maximum TPZ drawdown of -78.17%. Use the drawdown chart below to compare losses from any high point for ENFR and TPZ.
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Drawdown Indicators
| ENFR | TPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.28% | -78.17% | +9.89% |
Max Drawdown (1Y)Largest decline over 1 year | -8.64% | -6.29% | -2.35% |
Max Drawdown (3Y)Largest decline over 3 years | -15.58% | -17.78% | +2.20% |
Max Drawdown (5Y)Largest decline over 5 years | -20.29% | -17.78% | -2.51% |
Max Drawdown (10Y)Largest decline over 10 years | -62.64% | -77.04% | +14.40% |
Current DrawdownCurrent decline from peak | -1.34% | -2.59% | +1.25% |
Average DrawdownAverage peak-to-trough decline | -15.88% | -11.88% | -4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 2.84% | +0.67% |
Volatility
ENFR vs. TPZ - Volatility Comparison
Alerian Energy Infrastructure ETF (ENFR) has a higher volatility of 5.40% compared to Tortoise Electrification Infrastructure ETF (TPZ) at 3.91%. This indicates that ENFR's price experiences larger fluctuations and is considered to be riskier than TPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENFR | TPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.40% | 3.91% | +1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 12.07% | 10.78% | +1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.20% | 13.76% | +1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.27% | 17.69% | +1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.65% | 27.70% | -3.05% |
ENFR vs. TPZ - Expense Ratio Comparison
ENFR has a 0.35% expense ratio, which is lower than TPZ's 0.85% expense ratio.
Dividends
ENFR vs. TPZ - Dividend Comparison
ENFR's dividend yield for the trailing twelve months is around 3.88%, more than TPZ's 3.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENFR Alerian Energy Infrastructure ETF | 3.88% | 4.77% | 4.41% | 5.48% | 5.23% | 7.86% | 7.57% | 5.81% | 3.98% | 2.98% | 3.31% | 3.34% |
TPZ Tortoise Electrification Infrastructure ETF | 3.69% | 3.99% | 5.88% | 8.99% | 9.52% | 4.77% | 8.80% | 8.84% | 9.41% | 7.28% | 6.88% | 9.68% |
Frequently Asked Questions
ENFR and TPZ have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENFR has higher volatility (5.40%) compared to TPZ (3.91%). In terms of maximum drawdown, ENFR dropped -68.28% vs TPZ's -78.17%.
On 10-year performance, ENFR leads with 11.71% vs 8.62% for TPZ. On fees, ENFR is cheaper at 0.35% per year. On volatility, TPZ has been the lower-risk option at 3.91%. 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 11.71% return vs 8.62%. 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 TPZ.
ENFR has the higher dividend yield at 3.88%, compared with 3.69% for TPZ.
They also come from different issuers: SS&C and Tortoise. Their fees differ too: 0.35% for ENFR and 0.85% for TPZ.
ENFR currently has the higher Sharpe Ratio (2.13 vs 0.97), 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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