Correlation
The correlation between HMSIX and ENFR is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
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.
Performance
HMSIX vs. ENFR - Performance Comparison
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Key characteristics
HMSIX:
0.91
ENFR:
1.48
HMSIX:
1.18
ENFR:
1.83
HMSIX:
1.17
ENFR:
1.27
HMSIX:
1.10
ENFR:
1.81
HMSIX:
3.50
ENFR:
6.25
HMSIX:
5.11%
ENFR:
4.52%
HMSIX:
21.26%
ENFR:
19.79%
HMSIX:
-67.20%
ENFR:
-68.28%
HMSIX:
-8.91%
ENFR:
-6.08%
Returns By Period
In the year-to-date period, HMSIX achieves a 1.16% return, which is significantly lower than ENFR's 2.87% return.
HMSIX
1.16%
3.45%
-5.07%
19.17%
19.73%
24.48%
N/A
ENFR
2.87%
2.57%
-3.22%
29.17%
16.40%
24.14%
6.90%
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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 Rank
HMSIX
ENFR
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.
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Dividends
HMSIX vs. ENFR - Dividend Comparison
HMSIX's dividend yield for the trailing twelve months is around 7.81%, more than ENFR's 4.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMSIX Hennessy Midstream Fund | 7.81% | 7.76% | 9.72% | 10.86% | 12.63% | 15.20% | 9.12% | 2.34% | 0.00% | 0.00% | 0.00% | 0.00% |
ENFR Alerian Energy Infrastructure ETF | 4.54% | 4.41% | 5.48% | 5.23% | 7.86% | 7.57% | 5.81% | 3.98% | 2.98% | 3.31% | 3.34% | 2.15% |
Drawdowns
HMSIX vs. ENFR - Drawdown Comparison
The maximum HMSIX drawdown since its inception was -67.20%, 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.
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Volatility
HMSIX vs. ENFR - Volatility Comparison
Hennessy Midstream Fund (HMSIX) has a higher volatility of 4.45% compared to Alerian Energy Infrastructure ETF (ENFR) at 3.71%. This indicates that HMSIX's price experiences larger fluctuations and is considered to be riskier than ENFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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