QQQM vs. ENFR
QQQM (Invesco NASDAQ 100 ETF) and ENFR (Alerian Energy Infrastructure ETF) are both exchange-traded funds - QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while ENFR is a Infrastructure Equities fund tracking the Alerian Midstream Energy Select Index. Both are passively managed. Over the past 5 years, QQQM returned 15.05%/yr vs 21.52%/yr for ENFR. Their 0.26 correlation means their historical movements had little consistent relationship. QQQM charges 0.15%/yr vs 0.35%/yr for ENFR.
Performance
QQQM vs. ENFR - Performance Comparison
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Returns By Period
In the year-to-date period, QQQM achieves a 17.07% return, which is significantly lower than ENFR's 25.09% return.
QQQM
- 1D
- -0.90%
- 1M
- -0.73%
- 6M
- 18.73%
- YTD
- 17.07%
- 1Y
- 28.72%
- 3Y*
- 25.27%
- 5Y*
- 15.05%
- 10Y*
- —
- ALL TIME*
- 17.31%
ENFR
- 1D
- -1.28%
- 1M
- 1.56%
- 6M
- 14.82%
- YTD
- 25.09%
- 1Y
- 25.93%
- 3Y*
- 26.02%
- 5Y*
- 21.52%
- 10Y*
- 11.52%
- ALL TIME*
- 8.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.57M | $4.08M | $3.12M | |
| $1.17B | $981.56M | $1.20B |
QQQM vs. ENFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QQQM Invesco NASDAQ 100 ETF | 17.07% | 20.85% | 25.68% | 55.01% | -32.52% | 27.45% | 6.64% |
ENFR Alerian Energy Infrastructure ETF | 25.09% | 5.88% | 42.17% | 15.63% | 17.48% | 39.97% | 13.83% |
Correlation
The correlation between QQQM and ENFR is -0.20, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020 | 0.26 |
The correlation between QQQM and ENFR shifts across timeframes, from -0.20 (1 year) to 0.27 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
QQQM vs. ENFR — Risk / Return Rank
QQQM
ENFR
QQQM vs. ENFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 ETF (QQQM) 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.
| QQQM | ENFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.29 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 3.01 | -0.60 |
| Martin ratioReturn relative to average drawdown | 7.64 | 7.35 | +0.29 |
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Drawdowns
QQQM vs. ENFR - Drawdown Comparison
The maximum QQQM drawdown since its inception was -35.04%, smaller than the maximum ENFR drawdown of -68.28%. Use the drawdown chart below to compare losses from any high point for QQQM and ENFR.
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Drawdown Indicators
| QQQM | ENFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.04% | -68.28% | +33.24% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -8.64% | -3.32% |
Max Drawdown (3Y)Largest decline over 3 years | -22.70% | -15.58% | -7.12% |
Max Drawdown (5Y)Largest decline over 5 years | -35.04% | -20.29% | -14.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.64% | — |
Current DrawdownCurrent decline from peak | -3.76% | -4.98% | +1.22% |
Average DrawdownAverage peak-to-trough decline | -8.14% | -15.82% | +7.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.77% | 3.54% | +0.23% |
Volatility
QQQM vs. ENFR - Volatility Comparison
Invesco NASDAQ 100 ETF (QQQM) has a higher volatility of 7.41% compared to Alerian Energy Infrastructure ETF (ENFR) at 4.95%. This indicates that QQQM'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
| QQQM | ENFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.41% | 4.95% | +2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 16.21% | 12.16% | +4.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.42% | 15.29% | +4.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.81% | 19.19% | +3.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.36% | 24.65% | -2.29% |
QQQM vs. ENFR - Expense Ratio Comparison
QQQM has a 0.15% expense ratio, which is lower than ENFR's 0.35% expense ratio.
Dividends
QQQM vs. ENFR - Dividend Comparison
QQQM's dividend yield for the trailing twelve months is around 0.44%, less than ENFR's 4.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENFR Alerian Energy Infrastructure ETF | 4.01% | 4.77% | 4.41% | 5.48% | 5.23% | 7.86% | 7.57% | 5.81% | 3.98% | 2.98% | 3.31% | 3.34% |
QQQM Invesco NASDAQ 100 ETF | 0.44% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQQM and ENFR have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQM has higher volatility (7.41%) compared to ENFR (4.95%). In terms of maximum drawdown, QQQM dropped -35.04% vs ENFR's -68.28%.
On 5-year performance, ENFR leads with 21.52% vs 15.05% for QQQM. On fees, QQQM is cheaper at 0.15% per year. On volatility, ENFR has been the lower-risk option at 4.95%. 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 21.52% return vs 15.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQM is cheaper with a 0.15% expense ratio, compared with 0.35% for ENFR.
ENFR has the higher dividend yield at 4.01%, compared with 0.44% for QQQM.
QQQM is categorized as Nasdaq-100, while ENFR is Infrastructure Equities. QQQM tracks NASDAQ-100 Index, while ENFR tracks Alerian Midstream Energy Select Index. They also come from different issuers: Invesco and SS&C. Their fees differ too: 0.15% for QQQM and 0.35% for ENFR.
ENFR currently has the higher Sharpe Ratio (1.71 vs 1.49), 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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