HMSIX vs. ENFR
Compare and contrast key facts about Hennessy Midstream Fund (HMSIX) and Alerian Energy Infrastructure ETF (ENFR).
HMSIX is managed by Hennessy. It was launched on Dec 30, 2013. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HMSIX or ENFR.
Key characteristics
HMSIX | ENFR | |
---|---|---|
YTD Return | 21.79% | 27.42% |
1Y Return | 25.64% | 32.48% |
3Y Return (Ann) | 26.25% | 21.11% |
5Y Return (Ann) | 12.12% | 13.10% |
Sharpe Ratio | 1.94 | 2.43 |
Daily Std Dev | 13.41% | 13.31% |
Max Drawdown | -67.21% | -68.28% |
Current Drawdown | -0.43% | -0.46% |
Correlation
The correlation between HMSIX and ENFR is 0.95, 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
HMSIX vs. ENFR - Performance Comparison
In the year-to-date period, HMSIX achieves a 21.79% return, which is significantly lower than ENFR's 27.42% 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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HMSIX vs. ENFR - Expense Ratio Comparison
HMSIX has a 1.51% expense ratio, which is higher than ENFR's 0.35% expense ratio.
Risk-Adjusted Performance
HMSIX vs. ENFR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Midstream Fund (HMSIX) and Alerian Energy Infrastructure ETF (ENFR). 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
HMSIX vs. ENFR - Dividend Comparison
HMSIX's dividend yield for the trailing twelve months is around 8.51%, more than ENFR's 4.77% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Hennessy Midstream Fund | 8.51% | 9.70% | 10.84% | 12.61% | 15.17% | 9.10% | 2.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Alerian Energy Infrastructure ETF | 4.77% | 5.48% | 5.23% | 7.86% | 7.57% | 5.81% | 3.98% | 2.98% | 3.31% | 3.34% | 2.15% | 0.26% |
Drawdowns
HMSIX vs. ENFR - Drawdown Comparison
The maximum HMSIX drawdown since its inception was -67.21%, roughly equal to the maximum ENFR drawdown of -68.28%. Use the drawdown chart below to compare losses from any high point for HMSIX and ENFR. For additional features, visit the drawdowns tool.
Volatility
HMSIX vs. ENFR - Volatility Comparison
Hennessy Midstream Fund (HMSIX) and Alerian Energy Infrastructure ETF (ENFR) have volatilities of 3.76% and 3.71%, 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.