NAPR vs. ENFR
NAPR (Innovator Nasdaq-100 Power Buffer ETF - April) and ENFR (Alerian Energy Infrastructure ETF) are both exchange-traded funds - NAPR is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while ENFR is a Energy Equities fund tracking the Alerian Midstream Energy Select Index. Both are passively managed. Over the past 5 years, NAPR returned 9.60%/yr vs 21.98%/yr for ENFR. At a 0.29 correlation, their price movements are largely independent. NAPR charges 0.79%/yr vs 0.35%/yr for ENFR.
Performance
NAPR vs. ENFR - Performance Comparison
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Returns By Period
In the year-to-date period, NAPR achieves a 10.42% return, which is significantly lower than ENFR's 29.25% return.
NAPR
- 1D
- 0.40%
- 1M
- 0.59%
- 6M
- 9.93%
- YTD
- 10.42%
- 1Y
- 15.69%
- 3Y*
- 12.04%
- 5Y*
- 9.60%
- 10Y*
- —
ENFR
- 1D
- 0.53%
- 1M
- 2.60%
- 6M
- 28.45%
- YTD
- 29.25%
- 1Y
- 30.52%
- 3Y*
- 28.29%
- 5Y*
- 21.98%
- 10Y*
- 11.80%
NAPR vs. ENFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NAPR Innovator Nasdaq-100 Power Buffer ETF - April | 10.42% | 6.56% | 13.29% | 30.60% | -12.13% | 9.09% | 14.67% |
ENFR Alerian Energy Infrastructure ETF | 29.25% | 5.88% | 42.17% | 15.63% | 17.48% | 39.97% | 51.38% |
Correlation
The correlation between NAPR and ENFR is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2020 | 0.29 |
The correlation between NAPR and ENFR shifts across timeframes, from -0.14 (1 year) to 0.30 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
NAPR vs. ENFR — Risk / Return Rank
NAPR
ENFR
NAPR vs. ENFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Nasdaq-100 Power Buffer ETF - April (NAPR) 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.
| NAPR | ENFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.51 | ||
| Sortino ratioReturn per unit of downside risk | +2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.81 | 1.34 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 8.81 | 3.55 | +5.26 |
| Martin ratioReturn relative to average drawdown | 45.19 | 8.73 | +36.46 |
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Drawdowns
NAPR vs. ENFR - Drawdown Comparison
The maximum NAPR drawdown since its inception was -16.53%, smaller than the maximum ENFR drawdown of -68.28%. Use the drawdown chart below to compare losses from any high point for NAPR and ENFR.
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Drawdown Indicators
| NAPR | ENFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.53% | -68.28% | +51.75% |
Max Drawdown (1Y)Largest decline over 1 year | -1.79% | -8.64% | +6.85% |
Max Drawdown (3Y)Largest decline over 3 years | -14.52% | -15.58% | +1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -16.53% | -20.29% | +3.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.64% | — |
Current DrawdownCurrent decline from peak | -0.20% | -1.41% | +1.21% |
Average DrawdownAverage peak-to-trough decline | -2.25% | -15.88% | +13.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.35% | 3.51% | -3.16% |
Volatility
NAPR vs. ENFR - Volatility Comparison
The current volatility for Innovator Nasdaq-100 Power Buffer ETF - April (NAPR) is 2.02%, while Alerian Energy Infrastructure ETF (ENFR) has a volatility of 5.62%. This indicates that NAPR experiences smaller price fluctuations and is considered to be less risky 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
| NAPR | ENFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.02% | 5.62% | -3.60% |
Volatility (6M)Calculated over the trailing 6-month period | 3.79% | 12.06% | -8.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.46% | 15.18% | -10.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.32% | 19.27% | -7.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.57% | 24.65% | -14.08% |
NAPR vs. ENFR - Expense Ratio Comparison
NAPR has a 0.79% expense ratio, which is higher than ENFR's 0.35% expense ratio.
Dividends
NAPR vs. ENFR - Dividend Comparison
NAPR has not paid dividends to shareholders, while ENFR's dividend yield for the trailing twelve months is around 3.88%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENFR Alerian Energy Infrastructure ETF | 3.88% | 4.77% | 4.41% | 5.48% | 5.23% | 7.86% | 7.57% | 5.81% | 3.98% | 2.98% | 3.31% | 3.34% |
NAPR Innovator Nasdaq-100 Power Buffer ETF - April | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NAPR and ENFR have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENFR has higher volatility (5.62%) compared to NAPR (2.02%). In terms of maximum drawdown, NAPR dropped -16.53% vs ENFR's -68.28%.
On 5-year performance, ENFR leads with 21.98% vs 9.60% for NAPR. On fees, ENFR is cheaper at 0.35% per year. On volatility, NAPR has been the lower-risk option at 2.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ENFR has performed better with a 21.98% return vs 9.60%. 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 0.79% for NAPR.
ENFR has the higher dividend yield at 3.88%, compared with 0.00% for NAPR.
NAPR is categorized as Nasdaq-100, while ENFR is Energy Equities. NAPR tracks NASDAQ-100 Index, while ENFR tracks Alerian Midstream Energy Select Index. They also come from different issuers: Innovator and SS&C. Their fees differ too: 0.79% for NAPR and 0.35% for ENFR.
NAPR currently has the higher Sharpe Ratio (3.53 vs 2.02), 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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