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IWN vs. ENFR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWN vs. ENFR

Last updated Jun 13, 2026

IWN (iShares Russell 2000 Value ETF) and ENFR (Alerian Energy Infrastructure ETF) are both exchange-traded funds - IWN is a Small Cap Value Equities fund tracking the Russell 2000 Value Index, while ENFR is a Energy Equities fund tracking the Alerian Midstream Energy Select Index. Both are passively managed. Over the past 10 years, IWN returned 10.58%/yr vs 12.28%/yr for ENFR. A 0.56 correlation means they provide meaningful diversification when combined. IWN charges 0.24%/yr vs 0.35%/yr for ENFR.

Performance

IWN vs. ENFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell 2000 Value ETF (IWN) and Alerian Energy Infrastructure ETF (ENFR). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IWN achieves a 20.82% return, which is significantly lower than ENFR's 25.97% return. Over the past 10 years, IWN has underperformed ENFR with an annualized return of 10.58%, while ENFR has yielded a comparatively higher 12.28% annualized return.

IWN

1D
1.17%
1M
4.34%
YTD
20.82%
6M
17.48%
1Y
42.26%
3Y*
17.41%
5Y*
6.89%
10Y*
10.58%

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

IWN vs. ENFR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IWN
iShares Russell 2000 Value ETF		20.82%12.40%7.63%14.56%-14.77%27.96%4.66%22.01%-13.01%7.69%
ENFR
Alerian Energy Infrastructure ETF		25.97%5.88%42.17%15.63%17.48%39.97%-24.14%21.60%-18.67%-0.19%

Correlation

The correlation between IWN and ENFR is 0.05, 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

0.05

Correlation (3Y)
Calculated over the trailing 3-year period

0.39

Correlation (5Y)
Calculated over the trailing 5-year period

0.54

Correlation (10Y)
Calculated over the trailing 10-year period

0.58

Correlation (All Time)
Calculated using the full available price history since Nov 1, 2013

0.56

Over the past year, the correlation between IWN and ENFR has dropped to 0.05 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.

IWN vs. ENFR - Sectors Allocation Comparison

Sectors
IWN
ENFR

Financial Services

24.2%
0.2%

Technology

12.4%

-

Industrials

11.1%
3.4%

Real Estate

10.2%

-

Energy

9.2%
98.8%

Healthcare

8.8%

-

Consumer Cyclical

8.7%

-

Utilities

5.7%
1.0%

Basic Materials

5.4%

-

Consumer Defensive

2.0%

-

Communication Services

1.6%

-

Financial Services

IWN
24.2%
ENFR
0.2%

Technology

IWN
12.4%
ENFR

-

Industrials

IWN
11.1%
ENFR
3.4%

Real Estate

IWN
10.2%
ENFR

-

Energy

IWN
9.2%
ENFR
98.8%

Healthcare

IWN
8.8%
ENFR

-

Consumer Cyclical

IWN
8.7%
ENFR

-

Utilities

IWN
5.7%
ENFR
1.0%

Basic Materials

IWN
5.4%
ENFR

-

Consumer Defensive

IWN
2.0%
ENFR

-

Communication Services

IWN
1.6%
ENFR

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Russell 2000 Value ETF

Alerian Energy Infrastructure ETF

Often compared with IWN:
IWN vs. IWMIWN vs. IWOIWN vs. VTWOIWN vs. IJSIWN vs. IWSIWN vs. IWVIWN vs. IWX
Often compared with ENFR:
ENFR vs. AMLPENFR vs. MLPXENFR vs. TPYPENFR vs. EMLPENFR vs. UMIENFR vs. MPLXENFR vs. ATMP

Return for Risk

IWN vs. ENFR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWN
IWN Risk / Return Rank: 8585
Overall Rank
IWN Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
IWN Sortino Ratio Rank: 8484
Sortino Ratio Rank
IWN Omega Ratio Rank: 7878
Omega Ratio Rank
IWN Calmar Ratio Rank: 9191
Calmar Ratio Rank
IWN Martin Ratio Rank: 8888
Martin Ratio Rank
ENFR
ENFR Risk / Return Rank: 6262
Overall Rank
ENFR Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
ENFR Sortino Ratio Rank: 6262
Sortino Ratio Rank
ENFR Omega Ratio Rank: 5959
Omega Ratio Rank
ENFR Calmar Ratio Rank: 7070
Calmar Ratio Rank
ENFR Martin Ratio Rank: 5353
Martin Ratio Rank
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.

IWN vs. ENFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 Value ETF (IWN) 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.

IWNENFRDifference
Sharpe ratioReturn per unit of total volatility
2.35
1.82

+0.53

Sortino ratioReturn per unit of downside risk
3.27
2.52

+0.75

Omega ratioGain probability vs. loss probability

1.40

1.31

+0.08

Calmar ratioReturn relative to maximum drawdown

5.02

3.08

+1.95

Martin ratioReturn relative to average drawdown

16.91

8.18

+8.73

IWN vs. ENFR - Sharpe Ratio Comparison

The current IWN Sharpe Ratio is 2.35, which is comparable to the ENFR Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of IWN and ENFR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IWN vs. ENFR - Drawdown Comparison

The maximum IWN drawdown since its inception was -61.55%, smaller than the maximum ENFR drawdown of -68.28%. Use the drawdown chart below to compare losses from any high point for IWN and ENFR.

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Drawdown Indicators

IWNENFRDifference

Max Drawdown

Largest peak-to-trough decline

-61.55%

-68.28%

+6.73%

Max Drawdown (1Y)

Largest decline over 1 year

-8.45%

-8.64%

+0.19%

Max Drawdown (3Y)

Largest decline over 3 years

-26.70%

-15.58%

-11.12%

Max Drawdown (5Y)

Largest decline over 5 years

-26.70%

-20.29%

-6.41%

Max Drawdown (10Y)

Largest decline over 10 years

-46.08%

-62.64%

+16.56%

Current Drawdown

Current decline from peak

0.00%

-3.91%

+3.91%

Average Drawdown

Average peak-to-trough decline

-10.15%

-15.95%

+5.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.51%

3.25%

-0.74%

Volatility

IWN vs. ENFR - Volatility Comparison

iShares Russell 2000 Value ETF (IWN) and Alerian Energy Infrastructure ETF (ENFR) have volatilities of 5.80% and 5.63%, 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.

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Volatility by Period

IWNENFRDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.80%

5.63%

+0.17%

Volatility (6M)

Calculated over the trailing 6-month period

12.25%

11.48%

+0.77%

Volatility (1Y)

Calculated over the trailing 1-year period

18.09%

14.66%

+3.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.47%

19.30%

+2.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.41%

24.67%

-1.26%

IWN vs. ENFR - Expense Ratio Comparison

IWN has a 0.24% expense ratio, which is lower than ENFR's 0.35% expense ratio.

Dividends

IWN vs. ENFR - Dividend Comparison

IWN's dividend yield for the trailing twelve months is around 1.42%, less than ENFR's 3.98% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
IWN
iShares Russell 2000 Value ETF		1.42%1.70%1.80%2.04%2.12%1.48%1.60%1.92%1.99%1.78%1.74%2.15%

Frequently Asked Questions

IWN and ENFR have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IWN has higher volatility (5.80%) compared to ENFR (5.63%). In terms of maximum drawdown, IWN dropped -61.55% vs ENFR's -68.28%.

On 10-year performance, ENFR leads with 12.28% vs 10.58% for IWN. On fees, IWN is cheaper at 0.24% 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 10-year period, ENFR has performed better with a 12.28% return vs 10.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IWN is cheaper with a 0.24% expense ratio, compared with 0.35% for ENFR.

ENFR has the higher dividend yield at 3.98%, compared with 1.42% for IWN.

IWN is categorized as Small Cap Value Equities, while ENFR is Energy Equities. IWN tracks Russell 2000 Value Index, while ENFR tracks Alerian Midstream Energy Select Index. They also come from different issuers: iShares and SS&C. Their fees differ too: 0.24% for IWN and 0.35% for ENFR.

IWN currently has the higher Sharpe Ratio (2.35 vs 1.82), 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.

Portfolio Optimizer

Find the right allocation for IWN and ENFR

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