SPIN vs. ENFR

Last updated Jun 24, 2026

SPIN (State Street US Equity Premium Income ETF) and ENFR (Alerian Energy Infrastructure ETF) are both exchange-traded funds - SPIN is a Derivative Income fund actively managed by State Street, while ENFR is a Energy Equities fund tracking the Alerian Midstream Energy Select Index. SPIN is actively managed, while ENFR is passively managed. Over the past year, SPIN returned 14.96% vs 27.76% for ENFR. At a 0.14 correlation, their price movements are largely independent. SPIN charges 0.25%/yr vs 0.35%/yr for ENFR.

Performance

SPIN vs. ENFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street US Equity Premium Income ETF (SPIN) 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, SPIN achieves a 0.41% return, which is significantly lower than ENFR's 24.93% return.

SPIN

• 1D: -1.10%
• 1M: -1.32%
• YTD: 0.41%
• 6M: -0.02%
• 1Y: 14.96%
• 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%

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

SPIN vs. ENFR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SPIN State Street US Equity Premium Income ETF	0.41%	14.14%	6.47%
ENFR Alerian Energy Infrastructure ETF	24.93%	5.88%	13.34%

Correlation

The correlation between SPIN and ENFR is -0.08, 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	-0.08
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024	0.14

The correlation between SPIN and ENFR shifts across timeframes, from -0.08 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.

SPIN vs. ENFR - Sectors Allocation Comparison

Sectors	SPIN	ENFR
Technology	39.6%	-
Communication Services	11.9%	-
Financial Services	11.3%	0.1%
Consumer Cyclical	8.6%	-
Healthcare	8.3%	-
Industrials	8.1%	3.4%
Consumer Defensive	3.6%	-
Energy	2.7%	98.5%
Basic Materials	2.3%	-
Utilities	2.2%	1.4%
Real Estate	1.5%	-

Return for Risk

SPIN vs. ENFR — Risk / Return Rank

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

SPIN

SPIN Risk / Return Rank: 39
SPIN Sharpe Ratio Rank: 41
SPIN Sortino Ratio Rank: 38
SPIN Omega Ratio Rank: 41
SPIN Calmar Ratio Rank: 32
SPIN Martin Ratio Rank: 41

ENFR

ENFR Risk / Return Rank: 57
ENFR Sharpe Ratio Rank: 59
ENFR Sortino Ratio Rank: 57
ENFR Omega Ratio Rank: 54
ENFR Calmar Ratio Rank: 67
ENFR Martin Ratio Rank: 50

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.

SPIN vs. ENFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street US Equity Premium Income ETF (SPIN) 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.

	SPIN	ENFR	Difference
Sharpe ratio: Return per unit of total volatility	1.35	1.88	-0.53
Sortino ratio: Return per unit of downside risk	1.87	2.59	-0.72
Omega ratio: Gain probability vs. loss probability	1.25	1.32	-0.07
Calmar ratio: Return relative to maximum drawdown	1.53	3.23	-1.69
Martin ratio: Return relative to average drawdown	6.26	8.24	-1.99

SPIN vs. ENFR - Sharpe Ratio Comparison

The current SPIN Sharpe Ratio is 1.35, which is comparable to the ENFR Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of SPIN 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

SPIN vs. ENFR - Drawdown Comparison

The maximum SPIN drawdown since its inception was -16.85%, smaller than the maximum ENFR drawdown of -68.28%. Use the drawdown chart below to compare losses from any high point for SPIN and ENFR.

Drawdown Indicators

	SPIN	ENFR	Difference
Max Drawdown Largest peak-to-trough decline	-16.85%	-68.28%	+51.43%
Max Drawdown (1Y) Largest decline over 1 year	-9.81%	-8.64%	-1.17%
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	-2.82%	-4.71%	+1.89%
Average Drawdown Average peak-to-trough decline	-2.27%	-15.94%	+13.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.40%	3.38%	-0.98%

Volatility

SPIN vs. ENFR - Volatility Comparison

The current volatility for State Street US Equity Premium Income ETF (SPIN) is 4.22%, while Alerian Energy Infrastructure ETF (ENFR) has a volatility of 5.69%. This indicates that SPIN 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.

Volatility by Period

	SPIN	ENFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.22%	5.69%	-1.47%
Volatility (6M) Calculated over the trailing 6-month period	8.77%	11.60%	-2.83%
Volatility (1Y) Calculated over the trailing 1-year period	11.16%	14.86%	-3.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.43%	19.25%	-4.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.43%	24.68%	-10.25%

SPIN vs. ENFR - Expense Ratio Comparison

SPIN has a 0.25% expense ratio, which is lower than ENFR's 0.35% expense ratio.

Dividends

SPIN vs. ENFR - Dividend Comparison

SPIN's dividend yield for the trailing twelve months is around 5.78%, more than ENFR's 4.02% yield.

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%
SPIN State Street US Equity Premium Income ETF	5.78%	8.20%	2.36%	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 SPIN and ENFR in my portfolio?

SPIN and ENFR have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPIN or ENFR?

ENFR has higher volatility (5.69%) compared to SPIN (4.22%). In terms of maximum drawdown, SPIN dropped -16.85% vs ENFR's -68.28%.

Which ETF is better, SPIN or ENFR?

On 1-year performance, ENFR leads with 27.76% vs 14.96% for SPIN. On fees, SPIN is cheaper at 0.25% per year. On volatility, SPIN has been the lower-risk option at 4.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPIN or ENFR?

Over the 1-year period, ENFR has performed better with a 27.76% return vs 14.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPIN or ENFR?

SPIN is cheaper with a 0.25% expense ratio, compared with 0.35% for ENFR.

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

SPIN has the higher dividend yield at 5.78%, compared with 4.02% for ENFR.

What is the main difference between SPIN and ENFR?

SPIN is categorized as Derivative Income, while ENFR is Energy Equities. They also come from different issuers: State Street and SS&C. Their fees differ too: 0.25% for SPIN and 0.35% for ENFR.

Which has better risk-adjusted returns?

ENFR currently has the higher Sharpe Ratio (1.88 vs 1.35), 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.