MLPX vs. ENFR
MLPX (Global X MLP & Energy Infrastructure ETF) and ENFR (Alerian Energy Infrastructure ETF) are both exchange-traded funds - MLPX is a MLPs fund tracking the Solactive MLP & Energy Infrastructure Index, while ENFR is a Energy Equities fund tracking the Alerian Midstream Energy Select Index. Both are passively managed. Over the past 10 years, MLPX returned 12.02%/yr vs 11.74%/yr for ENFR. Their correlation of 0.94 suggests significant overlap in exposure. MLPX charges 0.45%/yr vs 0.35%/yr for ENFR.
Performance
MLPX vs. ENFR - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with MLPX having a 27.98% return and ENFR slightly higher at 28.57%. Both investments have delivered pretty close results over the past 10 years, with MLPX having a 12.02% annualized return and ENFR not far behind at 11.74%.
MLPX
- 1D
- 1.58%
- 1M
- 2.20%
- 6M
- 28.92%
- YTD
- 27.98%
- 1Y
- 29.57%
- 3Y*
- 28.15%
- 5Y*
- 22.73%
- 10Y*
- 12.02%
ENFR
- 1D
- 1.98%
- 1M
- 2.06%
- 6M
- 29.84%
- YTD
- 28.57%
- 1Y
- 31.23%
- 3Y*
- 28.06%
- 5Y*
- 21.61%
- 10Y*
- 11.74%
MLPX vs. ENFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLPX Global X MLP & Energy Infrastructure ETF | 27.98% | 4.96% | 42.90% | 15.77% | 21.54% | 39.63% | -20.32% | 19.04% | -15.64% | -4.53% |
ENFR Alerian Energy Infrastructure ETF | 28.57% | 5.88% | 42.17% | 15.63% | 17.48% | 39.97% | -24.14% | 21.60% | -18.67% | -0.19% |
Correlation
The correlation between MLPX and ENFR is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2013 | 0.94 |
The correlation between MLPX and ENFR has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MLPX vs. ENFR — Risk / Return Rank
MLPX
ENFR
MLPX vs. ENFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MLP & Energy Infrastructure ETF (MLPX) 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.
| MLPX | ENFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.35 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | 3.63 | 0.00 |
| Martin ratioReturn relative to average drawdown | 8.56 | 8.93 | -0.37 |
Loading charts...
Drawdowns
MLPX vs. ENFR - Drawdown Comparison
The maximum MLPX drawdown since its inception was -70.67%, roughly equal to the maximum ENFR drawdown of -68.28%. Use the drawdown chart below to compare losses from any high point for MLPX and ENFR.
Loading charts...
Drawdown Indicators
| MLPX | ENFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.67% | -68.28% | -2.39% |
Max Drawdown (1Y)Largest decline over 1 year | -8.18% | -8.64% | +0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -16.77% | -15.58% | -1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -19.72% | -20.29% | +0.57% |
Max Drawdown (10Y)Largest decline over 10 years | -64.70% | -62.64% | -2.06% |
Current DrawdownCurrent decline from peak | -2.33% | -1.93% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -15.89% | -0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 3.51% | -0.05% |
Volatility
MLPX vs. ENFR - Volatility Comparison
Global X MLP & Energy Infrastructure ETF (MLPX) and Alerian Energy Infrastructure ETF (ENFR) have volatilities of 5.90% and 5.68%, 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.
Loading charts...
Volatility by Period
| MLPX | ENFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 5.68% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 12.32% | 12.06% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.79% | 15.20% | +0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.02% | 19.28% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.16% | 24.65% | +1.51% |
MLPX vs. ENFR - Expense Ratio Comparison
MLPX has a 0.45% expense ratio, which is higher than ENFR's 0.35% expense ratio.
Dividends
MLPX vs. ENFR - Dividend Comparison
MLPX's dividend yield for the trailing twelve months is around 4.01%, more than ENFR's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENFR Alerian Energy Infrastructure ETF | 3.90% | 4.77% | 4.41% | 5.48% | 5.23% | 7.86% | 7.57% | 5.81% | 3.98% | 2.98% | 3.31% | 3.34% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.01% | 4.88% | 4.30% | 5.22% | 5.23% | 5.98% | 8.32% | 5.78% | 5.77% | 4.36% | 5.50% | 4.81% |
Frequently Asked Questions
With a correlation of 0.96, MLPX and ENFR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
MLPX has higher volatility (5.90%) compared to ENFR (5.68%). In terms of maximum drawdown, MLPX dropped -70.67% vs ENFR's -68.28%.
On 10-year performance, MLPX leads with 12.02% vs 11.74% for ENFR. On fees, ENFR is cheaper at 0.35% per year. On volatility, ENFR has been the lower-risk option at 5.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, MLPX has performed better with a 12.02% return vs 11.74%. 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 0.45% for MLPX.
MLPX has the higher dividend yield at 4.01%, compared with 3.90% for ENFR.
MLPX is categorized as MLPs, while ENFR is Energy Equities. MLPX tracks Solactive MLP & Energy Infrastructure Index, while ENFR tracks Alerian Midstream Energy Select Index. They also come from different issuers: Global X and SS&C. Their fees differ too: 0.45% for MLPX and 0.35% for ENFR.
ENFR currently has the higher Sharpe Ratio (2.07 vs 1.88), 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.
Find the right allocation for MLPX and ENFR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer