OCTM vs. ENFR
OCTM (FT Vest U.S. Equity Max Buffer ETF - October) and ENFR (Alerian Energy Infrastructure ETF) are both exchange-traded funds - OCTM is a Defined Outcome fund actively managed by First Trust, while ENFR is a Energy Equities fund tracking the Alerian Midstream Energy Select Index. OCTM is actively managed, while ENFR is passively managed. Over the past year, OCTM returned 7.47% vs 27.76% for ENFR. At a 0.15 correlation, their price movements are largely independent. OCTM charges 0.85%/yr vs 0.35%/yr for ENFR.
Performance
OCTM vs. ENFR - Performance Comparison
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Returns By Period
In the year-to-date period, OCTM achieves a 2.60% return, which is significantly lower than ENFR's 24.93% return.
OCTM
- 1D
- -0.22%
- 1M
- 0.09%
- YTD
- 2.60%
- 6M
- 2.56%
- 1Y
- 7.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ENFR
- 1D
- 1.51%
- 1M
- -4.52%
- YTD
- 24.93%
- 6M
- 25.03%
- 1Y
- 27.76%
- 3Y*
- 28.90%
- 5Y*
- 20.07%
- 10Y*
- 11.98%
OCTM vs. ENFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
OCTM FT Vest U.S. Equity Max Buffer ETF - October | 2.60% | 7.03% | 0.33% |
ENFR Alerian Energy Infrastructure ETF | 24.93% | 5.88% | 6.37% |
Correlation
The correlation between OCTM and ENFR is -0.07, 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 | -0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2024 | 0.15 |
The correlation between OCTM and ENFR shifts across timeframes, from -0.07 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OCTM vs. ENFR — Risk / Return Rank
OCTM
ENFR
OCTM vs. ENFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Max Buffer ETF - October (OCTM) 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.
| OCTM | ENFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.32 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 4.57 | 3.23 | +1.34 |
| Martin ratioReturn relative to average drawdown | 22.44 | 8.24 | +14.19 |
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Drawdowns
OCTM vs. ENFR - Drawdown Comparison
The maximum OCTM drawdown since its inception was -3.29%, smaller than the maximum ENFR drawdown of -68.28%. Use the drawdown chart below to compare losses from any high point for OCTM and ENFR.
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Drawdown Indicators
| OCTM | ENFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.29% | -68.28% | +64.99% |
Max Drawdown (1Y)Largest decline over 1 year | -1.64% | -8.64% | +7.00% |
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 | -0.24% | -4.71% | +4.47% |
Average DrawdownAverage peak-to-trough decline | -0.38% | -15.94% | +15.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 3.38% | -3.05% |
Volatility
OCTM vs. ENFR - Volatility Comparison
The current volatility for FT Vest U.S. Equity Max Buffer ETF - October (OCTM) is 0.65%, while Alerian Energy Infrastructure ETF (ENFR) has a volatility of 5.69%. This indicates that OCTM 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
| OCTM | ENFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.65% | 5.69% | -5.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.88% | 11.60% | -9.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.43% | 14.86% | -12.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.08% | 19.25% | -16.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.08% | 24.68% | -21.60% |
OCTM vs. ENFR - Expense Ratio Comparison
OCTM has a 0.85% expense ratio, which is higher than ENFR's 0.35% expense ratio.
Dividends
OCTM vs. ENFR - Dividend Comparison
OCTM has not paid dividends to shareholders, while ENFR's dividend yield for the trailing twelve months is around 4.02%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENFR Alerian Energy Infrastructure ETF | 4.02% | 4.77% | 4.41% | 5.48% | 5.23% | 7.86% | 7.57% | 5.81% | 3.98% | 2.98% | 3.31% | 3.34% |
OCTM FT Vest U.S. Equity Max Buffer ETF - October | 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
OCTM and ENFR have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENFR has higher volatility (5.69%) compared to OCTM (0.65%). In terms of maximum drawdown, OCTM dropped -3.29% vs ENFR's -68.28%.
On 1-year performance, ENFR leads with 27.76% vs 7.47% for OCTM. On fees, ENFR is cheaper at 0.35% per year. On volatility, OCTM has been the lower-risk option at 0.65%. 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 27.76% return vs 7.47%. 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 0.85% for OCTM.
ENFR has the higher dividend yield at 4.02%, compared with 0.00% for OCTM.
OCTM is categorized as Defined Outcome, while ENFR is Energy Equities. They also come from different issuers: First Trust and SS&C. Their fees differ too: 0.85% for OCTM and 0.35% for ENFR.
OCTM currently has the higher Sharpe Ratio (3.11 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.
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