OILD vs. ENFR
OILD (MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs) and ENFR (Alerian Energy Infrastructure ETF) are both exchange-traded funds - OILD is a Inverse Equities fund tracking the Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%), while ENFR is a Energy Equities fund tracking the Alerian Midstream Energy Select Index. Both are passively managed. Over the past 3 years, OILD returned -41.86%/yr vs 27.13%/yr for ENFR. At a correlation of -0.76, they often move in opposite directions. OILD charges 0.95%/yr vs 0.35%/yr for ENFR.
Performance
OILD vs. ENFR - Performance Comparison
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Returns By Period
In the year-to-date period, OILD achieves a -54.54% return, which is significantly lower than ENFR's 26.07% return.
OILD
- 1D
- -1.43%
- 1M
- 10.54%
- 6M
- -48.60%
- YTD
- -54.54%
- 1Y
- -59.78%
- 3Y*
- -41.86%
- 5Y*
- —
- 10Y*
- —
ENFR
- 1D
- -0.77%
- 1M
- 0.08%
- 6M
- 27.71%
- YTD
- 26.07%
- 1Y
- 28.68%
- 3Y*
- 27.13%
- 5Y*
- 20.42%
- 10Y*
- 11.57%
OILD vs. ENFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | -54.54% | -41.67% | -14.58% | -19.58% | -90.32% | 3.83% |
ENFR Alerian Energy Infrastructure ETF | 26.07% | 5.88% | 42.17% | 15.63% | 17.48% | -6.94% |
Correlation
The correlation between OILD and ENFR is -0.68, 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 | -0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.69 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | -0.76 |
The correlation between OILD and ENFR has been stable across timeframes, ranging from -0.76 to -0.68 - a consistent structural relationship.
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Return for Risk
OILD vs. ENFR — Risk / Return Rank
OILD
ENFR
OILD vs. ENFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) 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.
| OILD | ENFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.92 | ||
| Sortino ratioReturn per unit of downside risk | -4.36 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.33 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 3.39 | -4.21 |
| Martin ratioReturn relative to average drawdown | -1.31 | 8.36 | -9.66 |
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Drawdowns
OILD vs. ENFR - Drawdown Comparison
The maximum OILD drawdown since its inception was -98.90%, which is greater than ENFR's maximum drawdown of -68.28%. Use the drawdown chart below to compare losses from any high point for OILD and ENFR.
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Drawdown Indicators
| OILD | ENFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.90% | -68.28% | -30.62% |
Max Drawdown (1Y)Largest decline over 1 year | -74.53% | -8.64% | -65.89% |
Max Drawdown (3Y)Largest decline over 3 years | -86.29% | -15.58% | -70.71% |
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 | -98.52% | -3.84% | -94.68% |
Average DrawdownAverage peak-to-trough decline | -88.77% | -15.89% | -72.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.48% | 3.50% | +42.98% |
Volatility
OILD vs. ENFR - Volatility Comparison
MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) has a higher volatility of 21.60% compared to Alerian Energy Infrastructure ETF (ENFR) at 5.61%. This indicates that OILD's price experiences larger fluctuations and is considered to be riskier 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
| OILD | ENFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.60% | 5.61% | +15.99% |
Volatility (6M)Calculated over the trailing 6-month period | 49.90% | 11.96% | +37.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.68% | 15.06% | +47.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.24% | 19.27% | +59.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.24% | 24.65% | +54.59% |
OILD vs. ENFR - Expense Ratio Comparison
OILD has a 0.95% expense ratio, which is higher than ENFR's 0.35% expense ratio.
Dividends
OILD vs. ENFR - Dividend Comparison
OILD has not paid dividends to shareholders, while ENFR's dividend yield for the trailing twelve months is around 3.98%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | 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
OILD and ENFR 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.
OILD has higher volatility (21.60%) compared to ENFR (5.61%). In terms of maximum drawdown, OILD dropped -98.90% vs ENFR's -68.28%.
On 3-year performance, ENFR leads with 27.13% vs -41.86% for OILD. On fees, ENFR is cheaper at 0.35% per year. On volatility, ENFR has been the lower-risk option at 5.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ENFR has performed better with a 27.13% return vs -41.86%. 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 0.95% for OILD.
ENFR has the higher dividend yield at 3.98%, compared with 0.00% for OILD.
OILD is categorized as Inverse Equities, while ENFR is Energy Equities. OILD tracks Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%), while ENFR tracks Alerian Midstream Energy Select Index. They also come from different issuers: REX and SS&C. Their fees differ too: 0.95% for OILD and 0.35% for ENFR.
ENFR currently has the higher Sharpe Ratio (1.95 vs -0.97), 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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