IWMY vs. ENFR
IWMY (Defiance R2000 Enhanced Options & 0DTE Income ETF) and ENFR (Alerian Energy Infrastructure ETF) are both exchange-traded funds - IWMY is a Options Trading fund tracking the Russell 2000 Index, while ENFR is a Energy Equities fund tracking the Alerian Midstream Energy Select Index. Both are passively managed. Over the past year, IWMY returned 21.26% vs 26.50% for ENFR. At a 0.29 correlation, their price movements are largely independent. IWMY charges 0.99%/yr vs 0.35%/yr for ENFR.
Performance
IWMY vs. ENFR - Performance Comparison
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Returns By Period
In the year-to-date period, IWMY achieves a 13.70% return, which is significantly lower than ENFR's 25.97% return.
IWMY
- 1D
- 0.68%
- 1M
- 2.79%
- YTD
- 13.70%
- 6M
- 10.66%
- 1Y
- 21.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ENFR
- 1D
- 0.73%
- 1M
- 0.52%
- YTD
- 25.97%
- 6M
- 26.39%
- 1Y
- 26.50%
- 3Y*
- 28.39%
- 5Y*
- 19.43%
- 10Y*
- 12.28%
IWMY vs. ENFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF | 13.70% | 10.18% | 5.56% | 10.06% |
ENFR Alerian Energy Infrastructure ETF | 25.97% | 5.88% | 42.17% | 7.03% |
Correlation
The correlation between IWMY and ENFR is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2023 | 0.29 |
The correlation between IWMY and ENFR shifts across timeframes, from -0.03 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IWMY vs. ENFR — Risk / Return Rank
IWMY
ENFR
IWMY vs. ENFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) 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.
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.
| IWMY | ENFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.31 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 3.08 | -1.23 |
| Martin ratioReturn relative to average drawdown | 6.03 | 8.18 | -2.15 |
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Drawdowns
IWMY vs. ENFR - Drawdown Comparison
The maximum IWMY drawdown since its inception was -18.72%, smaller than the maximum ENFR drawdown of -68.28%. Use the drawdown chart below to compare losses from any high point for IWMY and ENFR.
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Drawdown Indicators
| IWMY | ENFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.72% | -68.28% | +49.56% |
Max Drawdown (1Y)Largest decline over 1 year | -11.57% | -8.64% | -2.93% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.58% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.29% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.64% | — |
Current DrawdownCurrent decline from peak | -0.12% | -3.91% | +3.79% |
Average DrawdownAverage peak-to-trough decline | -2.96% | -15.95% | +12.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 3.25% | +0.29% |
Volatility
IWMY vs. ENFR - Volatility Comparison
Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) has a higher volatility of 6.80% compared to Alerian Energy Infrastructure ETF (ENFR) at 5.63%. This indicates that IWMY'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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Volatility by Period
| IWMY | ENFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.80% | 5.63% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 13.47% | 11.48% | +1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.36% | 14.66% | +1.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.94% | 19.30% | -3.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.94% | 24.67% | -8.73% |
IWMY vs. ENFR - Expense Ratio Comparison
IWMY has a 0.99% expense ratio, which is higher than ENFR's 0.35% expense ratio.
Dividends
IWMY vs. ENFR - Dividend Comparison
IWMY's dividend yield for the trailing twelve months is around 44.61%, more than ENFR's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENFR Alerian Energy Infrastructure ETF | 3.98% | 4.77% | 4.41% | 5.48% | 5.23% | 7.86% | 7.57% | 5.81% | 3.98% | 2.98% | 3.31% | 3.34% |
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF | 44.61% | 63.33% | 107.92% | 11.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IWMY and ENFR have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWMY has higher volatility (6.80%) compared to ENFR (5.63%). In terms of maximum drawdown, IWMY dropped -18.72% vs ENFR's -68.28%.
On 1-year performance, ENFR leads with 26.50% vs 21.26% for IWMY. On fees, ENFR is cheaper at 0.35% per year. On volatility, ENFR has been the lower-risk option at 5.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ENFR has performed better with a 26.50% return vs 21.26%. 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 0.99% for IWMY.
IWMY has the higher dividend yield at 44.61%, compared with 3.98% for ENFR.
IWMY is categorized as Options Trading, while ENFR is Energy Equities. IWMY tracks Russell 2000 Index, while ENFR tracks Alerian Midstream Energy Select Index. They also come from different issuers: Defiance and SS&C. Their fees differ too: 0.99% for IWMY and 0.35% for ENFR.
ENFR currently has the higher Sharpe Ratio (1.82 vs 1.31), 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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