ENFR vs. USNZ

Last updated Jun 24, 2026

ENFR (Alerian Energy Infrastructure ETF) and USNZ (Xtrackers Net Zero Pathway Paris Aligned US Equity ETF) are both exchange-traded funds - ENFR is a Energy Equities fund tracking the Alerian Midstream Energy Select Index, while USNZ is a Large Cap Blend Equities fund tracking the Solactive ISS ESG United States Net Zero Pathway Enhanced Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, ENFR returned 28.90%/yr vs 19.54%/yr for USNZ. At a 0.34 correlation, their price movements are largely independent. ENFR charges 0.35%/yr vs 0.10%/yr for USNZ.

Performance

ENFR vs. USNZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alerian Energy Infrastructure ETF (ENFR) and Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ENFR achieves a 24.93% return, which is significantly higher than USNZ's 7.73% return.

ENFR

• 1D: 1.51%
• 1M: -4.52%
• YTD: 24.93%
• 6M: 25.03%
• 1Y: 27.76%
• 3Y*: 28.90%
• 5Y*: 20.07%
• 10Y*: 11.98%

USNZ

• 1D: -1.42%
• 1M: -1.23%
• YTD: 7.73%
• 6M: 6.91%
• 1Y: 24.01%
• 3Y*: 19.54%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ENFR vs. USNZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ENFR Alerian Energy Infrastructure ETF	24.93%	5.88%	42.17%	15.63%	6.79%
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF	7.73%	17.76%	21.96%	27.76%	0.80%

Correlation

The correlation between ENFR and USNZ is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022	0.34

The correlation between ENFR and USNZ shifts across timeframes, from -0.12 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.

ENFR vs. USNZ - Sectors Allocation Comparison

Sectors	ENFR	USNZ
Energy	98.5%	0.0%
Industrials	3.4%	3.2%
Utilities	1.4%	1.1%
Financial Services	0.1%	9.8%
Basic Materials	-	1.2%
Communication Services	-	12.5%
Consumer Cyclical	-	10.0%
Consumer Defensive	-	3.2%
Healthcare	-	10.8%
Real Estate	-	3.0%
Technology	-	45.3%

Return for Risk

ENFR vs. USNZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ENFR

ENFR Risk / Return Rank: 57
ENFR Sharpe Ratio Rank: 59
ENFR Sortino Ratio Rank: 57
ENFR Omega Ratio Rank: 54
ENFR Calmar Ratio Rank: 67
ENFR Martin Ratio Rank: 50

USNZ

USNZ Risk / Return Rank: 54
USNZ Sharpe Ratio Rank: 57
USNZ Sortino Ratio Rank: 56
USNZ Omega Ratio Rank: 55
USNZ Calmar Ratio Rank: 48
USNZ Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ENFR vs. USNZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alerian Energy Infrastructure ETF (ENFR) and Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ). 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	USNZ	Difference
Sharpe ratio: Return per unit of total volatility	1.88	1.76	+0.12
Sortino ratio: Return per unit of downside risk	2.59	2.45	+0.14
Omega ratio: Gain probability vs. loss probability	1.32	1.31	+0.01
Calmar ratio: Return relative to maximum drawdown	3.23	2.18	+1.05
Martin ratio: Return relative to average drawdown	8.24	9.31	-1.07

ENFR vs. USNZ - Sharpe Ratio Comparison

The current ENFR Sharpe Ratio is 1.88, which is comparable to the USNZ Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of ENFR and USNZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ENFR vs. USNZ - Drawdown Comparison

The maximum ENFR drawdown since its inception was -68.28%, which is greater than USNZ's maximum drawdown of -19.16%. Use the drawdown chart below to compare losses from any high point for ENFR and USNZ.

Drawdown Indicators

	ENFR	USNZ	Difference
Max Drawdown Largest peak-to-trough decline	-68.28%	-19.16%	-49.12%
Max Drawdown (1Y) Largest decline over 1 year	-8.64%	-11.07%	+2.43%
Max Drawdown (3Y) Largest decline over 3 years	-15.58%	-19.16%	+3.58%
Max Drawdown (5Y) Largest decline over 5 years	-20.29%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-62.64%	—	—
Current Drawdown Current decline from peak	-4.71%	-3.54%	-1.17%
Average Drawdown Average peak-to-trough decline	-15.94%	-3.30%	-12.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.38%	2.58%	+0.80%

Volatility

ENFR vs. USNZ - Volatility Comparison

Alerian Energy Infrastructure ETF (ENFR) has a higher volatility of 5.69% compared to Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) at 5.26%. This indicates that ENFR's price experiences larger fluctuations and is considered to be riskier than USNZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ENFR	USNZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.69%	5.26%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	11.60%	11.08%	+0.52%
Volatility (1Y) Calculated over the trailing 1-year period	14.86%	13.72%	+1.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.25%	16.70%	+2.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.68%	16.70%	+7.98%

ENFR vs. USNZ - Expense Ratio Comparison

ENFR has a 0.35% expense ratio, which is higher than USNZ's 0.10% expense ratio.

Dividends

ENFR vs. USNZ - Dividend Comparison

ENFR's dividend yield for the trailing twelve months is around 4.02%, more than USNZ's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ENFR Alerian Energy Infrastructure ETF	4.02%	4.77%	4.41%	5.48%	5.23%	7.86%	7.57%	5.81%	3.98%	2.98%	3.31%	3.34%
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF	0.98%	1.02%	1.14%	1.19%	0.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ENFR and USNZ in my portfolio?

ENFR and USNZ have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ENFR or USNZ?

ENFR has higher volatility (5.69%) compared to USNZ (5.26%). In terms of maximum drawdown, ENFR dropped -68.28% vs USNZ's -19.16%.

Which ETF is better, ENFR or USNZ?

On 3-year performance, ENFR leads with 28.90% vs 19.54% for USNZ. On fees, USNZ is cheaper at 0.10% per year. On volatility, USNZ has been the lower-risk option at 5.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ENFR or USNZ?

Over the 3-year period, ENFR has performed better with a 28.90% return vs 19.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ENFR or USNZ?

USNZ is cheaper with a 0.10% expense ratio, compared with 0.35% for ENFR.

Which ETF pays a higher dividend yield, ENFR or USNZ?

ENFR has the higher dividend yield at 4.02%, compared with 0.98% for USNZ.

What is the main difference between ENFR and USNZ?

ENFR is categorized as Energy Equities, while USNZ is Large Cap Blend Equities. ENFR tracks Alerian Midstream Energy Select Index, while USNZ tracks Solactive ISS ESG United States Net Zero Pathway Enhanced Index - Benchmark TR Net. They also come from different issuers: SS&C and Xtrackers. Their fees differ too: 0.35% for ENFR and 0.10% for USNZ.

Which has better risk-adjusted returns?

ENFR currently has the higher Sharpe Ratio (1.88 vs 1.76), 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.