PJIO vs. ENFR

Last updated Jun 23, 2026

PJIO (PGIM Jennison International Opportunities ETF) and ENFR (Alerian Energy Infrastructure ETF) are both exchange-traded funds - PJIO is a Foreign Large Cap Equities fund actively managed by PGIM, while ENFR is a Energy Equities fund tracking the Alerian Midstream Energy Select Index. PJIO is actively managed, while ENFR is passively managed. Over the past year, PJIO returned 20.34% vs 24.84% for ENFR. At a 0.15 correlation, their price movements are largely independent. PJIO charges 0.90%/yr vs 0.35%/yr for ENFR.

Performance

PJIO vs. ENFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Jennison International Opportunities ETF (PJIO) and Alerian Energy Infrastructure ETF (ENFR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PJIO achieves a 15.66% return, which is significantly lower than ENFR's 23.07% return.

PJIO

• 1D: 0.53%
• 1M: 11.96%
• YTD: 15.66%
• 6M: 15.38%
• 1Y: 20.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ENFR

• 1D: 1.01%
• 1M: -5.94%
• YTD: 23.07%
• 6M: 24.76%
• 1Y: 24.84%
• 3Y*: 28.26%
• 5Y*: 19.69%
• 10Y*: 11.81%

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

PJIO vs. ENFR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PJIO PGIM Jennison International Opportunities ETF	15.66%	17.75%	4.59%	-0.27%
ENFR Alerian Energy Infrastructure ETF	23.07%	5.88%	42.17%	0.96%

Correlation

The correlation between PJIO and ENFR is -0.13, 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	-0.13
Correlation (All Time) Calculated using the full available price history since Dec 19, 2023	0.15

The correlation between PJIO and ENFR shifts across timeframes, from -0.13 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.

PJIO vs. ENFR - Sectors Allocation Comparison

Sectors	PJIO	ENFR
Technology	39.8%	-
Industrials	26.3%	3.4%
Healthcare	12.2%	-
Consumer Cyclical	11.4%	-
Communication Services	6.0%	-
Consumer Defensive	2.6%	-
Financial Services	1.7%	0.1%
Basic Materials	-	-
Energy	-	98.5%
Real Estate	-	-
Utilities	-	1.4%

Return for Risk

PJIO vs. ENFR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PJIO

PJIO Risk / Return Rank: 25
PJIO Sharpe Ratio Rank: 25
PJIO Sortino Ratio Rank: 26
PJIO Omega Ratio Rank: 26
PJIO Calmar Ratio Rank: 23
PJIO Martin Ratio Rank: 26

ENFR

ENFR Risk / Return Rank: 50
ENFR Sharpe Ratio Rank: 51
ENFR Sortino Ratio Rank: 49
ENFR Omega Ratio Rank: 46
ENFR Calmar Ratio Rank: 60
ENFR Martin Ratio Rank: 46

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PJIO vs. ENFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison International Opportunities ETF (PJIO) 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.

	PJIO	ENFR	Difference
Sharpe ratio: Return per unit of total volatility	0.86	1.69	-0.83
Sortino ratio: Return per unit of downside risk	1.38	2.35	-0.97
Omega ratio: Gain probability vs. loss probability	1.17	1.29	-0.12
Calmar ratio: Return relative to maximum drawdown	1.06	2.89	-1.83
Martin ratio: Return relative to average drawdown	3.40	7.40	-4.00

PJIO vs. ENFR - Sharpe Ratio Comparison

The current PJIO Sharpe Ratio is 0.86, which is lower than the ENFR Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of PJIO and ENFR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PJIO vs. ENFR - Drawdown Comparison

The maximum PJIO drawdown since its inception was -19.26%, smaller than the maximum ENFR drawdown of -68.28%. Use the drawdown chart below to compare losses from any high point for PJIO and ENFR.

Drawdown Indicators

	PJIO	ENFR	Difference
Max Drawdown Largest peak-to-trough decline	-19.26%	-68.28%	+49.02%
Max Drawdown (1Y) Largest decline over 1 year	-19.26%	-8.64%	-10.62%
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 Drawdown Current decline from peak	0.00%	-6.12%	+6.12%
Average Drawdown Average peak-to-trough decline	-4.23%	-15.94%	+11.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.99%	3.36%	+2.63%

Volatility

PJIO vs. ENFR - Volatility Comparison

PGIM Jennison International Opportunities ETF (PJIO) has a higher volatility of 11.33% compared to Alerian Energy Infrastructure ETF (ENFR) at 5.42%. This indicates that PJIO'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.

Volatility by Period

	PJIO	ENFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.33%	5.42%	+5.91%
Volatility (6M) Calculated over the trailing 6-month period	21.27%	11.57%	+9.70%
Volatility (1Y) Calculated over the trailing 1-year period	23.82%	14.82%	+9.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.54%	19.24%	+2.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.54%	24.68%	-3.14%

PJIO vs. ENFR - Expense Ratio Comparison

PJIO has a 0.90% expense ratio, which is higher than ENFR's 0.35% expense ratio.

Dividends

PJIO vs. ENFR - Dividend Comparison

PJIO's dividend yield for the trailing twelve months is around 0.16%, less than ENFR's 4.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ENFR Alerian Energy Infrastructure ETF	4.08%	4.77%	4.41%	5.48%	5.23%	7.86%	7.57%	5.81%	3.98%	2.98%	3.31%	3.34%
PJIO PGIM Jennison International Opportunities ETF	0.16%	0.19%	0.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PJIO and ENFR in my portfolio?

PJIO and ENFR have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PJIO or ENFR?

PJIO has higher volatility (11.33%) compared to ENFR (5.42%). In terms of maximum drawdown, PJIO dropped -19.26% vs ENFR's -68.28%.

Which ETF is better, PJIO or ENFR?

On 1-year performance, ENFR leads with 24.84% vs 20.34% for PJIO. On fees, ENFR is cheaper at 0.35% per year. On volatility, ENFR has been the lower-risk option at 5.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PJIO or ENFR?

Over the 1-year period, ENFR has performed better with a 24.84% return vs 20.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PJIO or ENFR?

ENFR is cheaper with a 0.35% expense ratio, compared with 0.90% for PJIO.

Which ETF pays a higher dividend yield, PJIO or ENFR?

ENFR has the higher dividend yield at 4.08%, compared with 0.16% for PJIO.

What is the main difference between PJIO and ENFR?

PJIO is categorized as Foreign Large Cap Equities, while ENFR is Energy Equities. They also come from different issuers: PGIM and SS&C. Their fees differ too: 0.90% for PJIO and 0.35% for ENFR.

Which has better risk-adjusted returns?

ENFR currently has the higher Sharpe Ratio (1.69 vs 0.86), 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.