NFRX vs. ECLN

Last updated Jul 12, 2026

NFRX (Harrison Street Infrastructure Active ETF) and ECLN (First Trust EIP Carbon Impact ETF) are both Utilities Equities funds. Both are actively managed. A 0.68 correlation means they provide meaningful diversification when combined. NFRX charges 0.80%/yr vs 0.97%/yr for ECLN.

Performance

NFRX vs. ECLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harrison Street Infrastructure Active ETF (NFRX) and First Trust EIP Carbon Impact ETF (ECLN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NFRX

• 1D: 0.44%
• 1M: 0.91%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ECLN

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NFRX vs. ECLN - Yearly Performance Comparison

	2026 (YTD)
NFRX Harrison Street Infrastructure Active ETF	9.03%
ECLN First Trust EIP Carbon Impact ETF	7.37%

Correlation

The correlation between NFRX and ECLN is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 30, 2026	0.68

Return for Risk

NFRX vs. ECLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harrison Street Infrastructure Active ETF (NFRX) and First Trust EIP Carbon Impact ETF (ECLN). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

Drawdown Indicators

	NFRX	ECLN	Difference
Max Drawdown Largest peak-to-trough decline	-7.26%	—	—
Current Drawdown Current decline from peak	-1.49%	—	—
Average Drawdown Average peak-to-trough decline	-2.60%	—	—

Volatility

Volatility by Period

	NFRX	ECLN	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13.83%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.83%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.83%	—	—

NFRX vs. ECLN - Expense Ratio Comparison

NFRX has a 0.80% expense ratio, which is lower than ECLN's 0.97% expense ratio.

Dividends

NFRX vs. ECLN - Dividend Comparison

NFRX's dividend yield for the trailing twelve months is around 0.98%, while ECLN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ECLN First Trust EIP Carbon Impact ETF	1.43%	1.97%	2.52%	2.54%	1.72%	1.66%	1.68%	0.71%
NFRX Harrison Street Infrastructure Active ETF	0.98%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NFRX and ECLN in my portfolio?

NFRX and ECLN have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NFRX or ECLN?

On fees, NFRX is cheaper at 0.80% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NFRX or ECLN?

NFRX is cheaper with a 0.80% expense ratio, compared with 0.97% for ECLN.

Which ETF pays a higher dividend yield, NFRX or ECLN?

ECLN has the higher dividend yield at 1.43%, compared with 0.98% for NFRX.

What is the main difference between NFRX and ECLN?

They also come from different issuers: Harrison Street and First Trust. Their fees differ too: 0.80% for NFRX and 0.97% for ECLN.