ENFR vs. XLE

Last updated Apr 1, 2026

Compare and contrast key facts about Alerian Energy Infrastructure ETF (ENFR) and State Street Energy Select Sector SPDR ETF (XLE).

ENFR and XLE 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. XLE is a passively managed fund by State Street that tracks the performance of the Energy Select Sector Index. It was launched on Dec 16, 1998. Both ENFR and XLE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ENFR vs. XLE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alerian Energy Infrastructure ETF (ENFR) and State Street Energy Select Sector SPDR ETF (XLE). The values are adjusted to include any dividend payments, if applicable.

ENFR vs. XLE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ENFR Alerian Energy Infrastructure ETF	22.85%	5.88%	42.17%	15.63%	17.48%	39.97%	-24.14%	21.60%	-18.67%	-0.19%
XLE State Street Energy Select Sector SPDR ETF	37.91%	7.88%	5.56%	-0.63%	64.32%	53.28%	-32.67%	11.74%	-18.22%	-0.89%

Returns By Period

In the year-to-date period, ENFR achieves a 22.85% return, which is significantly lower than XLE's 37.91% return. Over the past 10 years, ENFR has outperformed XLE with an annualized return of 13.64%, while XLE has yielded a comparatively lower 11.65% annualized return.

ENFR

• 1D: -1.39%
• 1M: 4.03%
• YTD: 22.85%
• 6M: 20.70%
• 1Y: 22.29%
• 3Y*: 28.68%
• 5Y*: 23.59%
• 10Y*: 13.64%

XLE

• 1D: -1.13%
• 1M: 10.27%
• YTD: 37.91%
• 6M: 39.21%
• 1Y: 35.32%
• 3Y*: 17.71%
• 5Y*: 23.99%
• 10Y*: 11.65%

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

ENFR vs. XLE - Expense Ratio Comparison

ENFR has a 0.35% expense ratio, which is higher than XLE's 0.08% expense ratio.

ENFR

Alerian Energy Infrastructure ETF

XLE

State Street Energy Select Sector SPDR ETF

Return for Risk

ENFR vs. XLE — Risk / Return Rank

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

ENFR

ENFR Risk / Return Rank: 66
ENFR Sharpe Ratio Rank: 73
ENFR Sortino Ratio Rank: 67
ENFR Omega Ratio Rank: 71
ENFR Calmar Ratio Rank: 63
ENFR Martin Ratio Rank: 54

XLE

XLE Risk / Return Rank: 73
XLE Sharpe Ratio Rank: 79
XLE Sortino Ratio Rank: 76
XLE Omega Ratio Rank: 77
XLE Calmar Ratio Rank: 78
XLE Martin Ratio Rank: 58

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. XLE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alerian Energy Infrastructure ETF (ENFR) and State Street Energy Select Sector SPDR ETF (XLE). 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.

	ENFR	XLE	Difference
Sharpe ratio Return per unit of total volatility	1.25	1.42	-0.17
Sortino ratio Return per unit of downside risk	1.63	1.84	-0.21
Omega ratio Gain probability vs. loss probability	1.25	1.28	-0.02
Calmar ratio Return relative to maximum drawdown	1.49	1.96	-0.47
Martin ratio Return relative to average drawdown	4.94	5.16	-0.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ENFR vs. XLE - Sharpe Ratio Comparison

The current ENFR Sharpe Ratio is 1.25, which is comparable to the XLE Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of ENFR and XLE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ENFR	XLE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	1.42	-0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.24	0.93	+0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.40	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.32	+0.02

Correlation

The correlation between ENFR and XLE is 0.76, 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.

Dividends

ENFR vs. XLE - Dividend Comparison

ENFR's dividend yield for the trailing twelve months is around 4.02%, more than XLE's 2.44% yield.

	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%
XLE State Street Energy Select Sector SPDR ETF	2.44%	3.28%	3.36%	3.55%	3.68%	4.21%	5.62%	6.72%	3.54%	3.03%	2.26%	3.39%

Drawdowns

ENFR vs. XLE - Drawdown Comparison

The maximum ENFR drawdown since its inception was -68.28%, roughly equal to the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for ENFR and XLE.

Drawdown Indicators

	ENFR	XLE	Difference
Max Drawdown Largest peak-to-trough decline	-68.28%	-71.26%	+2.98%
Max Drawdown (1Y) Largest decline over 1 year	-14.80%	-18.79%	+3.99%
Max Drawdown (5Y) Largest decline over 5 years	-20.29%	-26.04%	+5.75%
Max Drawdown (10Y) Largest decline over 10 years	-62.64%	-66.81%	+4.17%
Current Drawdown Current decline from peak	-2.18%	-2.08%	-0.10%
Average Drawdown Average peak-to-trough decline	-16.16%	-18.05%	+1.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.47%	7.14%	-2.67%

Volatility

ENFR vs. XLE - Volatility Comparison

The current volatility for Alerian Energy Infrastructure ETF (ENFR) is 3.72%, while State Street Energy Select Sector SPDR ETF (XLE) has a volatility of 5.05%. This indicates that ENFR experiences smaller price fluctuations and is considered to be less risky than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ENFR	XLE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	5.05%	-1.33%
Volatility (6M) Calculated over the trailing 6-month period	10.21%	13.94%	-3.73%
Volatility (1Y) Calculated over the trailing 1-year period	17.91%	24.93%	-7.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.18%	26.06%	-6.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.74%	29.48%	-4.74%