TGRT vs. ENFR

Last updated Jun 25, 2026

TGRT (T. Rowe Price Growth ETF) and ENFR (Alerian Energy Infrastructure ETF) are both exchange-traded funds - TGRT is a Large Cap Growth Equities fund actively managed by T. Rowe Price, while ENFR is a Energy Equities fund tracking the Alerian Midstream Energy Select Index. TGRT is actively managed, while ENFR is passively managed. Over the past 3 years, TGRT returned 21.20%/yr vs 28.30%/yr for ENFR. At a 0.13 correlation, their price movements are largely independent. TGRT charges 0.38%/yr vs 0.35%/yr for ENFR.

Performance

TGRT vs. ENFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Growth ETF (TGRT) 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, TGRT achieves a 0.43% return, which is significantly lower than ENFR's 23.18% return.

TGRT

• 1D: 0.25%
• 1M: -3.77%
• YTD: 0.43%
• 6M: -0.83%
• 1Y: 13.17%
• 3Y*: 21.20%
• 5Y*: —
• 10Y*: —

ENFR

• 1D: -1.40%
• 1M: -5.86%
• YTD: 23.18%
• 6M: 23.40%
• 1Y: 25.06%
• 3Y*: 28.30%
• 5Y*: 19.73%
• 10Y*: 11.82%

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

TGRT vs. ENFR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TGRT T. Rowe Price Growth ETF	0.43%	16.94%	32.85%	13.15%
ENFR Alerian Energy Infrastructure ETF	23.18%	5.88%	42.17%	12.10%

Correlation

The correlation between TGRT and ENFR is -0.17, 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	-0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jun 15, 2023	0.13

The correlation between TGRT and ENFR shifts across timeframes, from -0.17 (1 year) to 0.13 (3 years), reflecting how their relationship changes across market environments.

TGRT vs. ENFR - Sectors Allocation Comparison

Sectors	TGRT	ENFR
Technology	53.9%	-
Communication Services	14.2%	-
Consumer Cyclical	11.5%	-
Healthcare	8.0%	-
Financial Services	5.3%	0.1%
Industrials	5.1%	3.4%
Consumer Defensive	1.5%	-
Utilities	0.5%	1.4%
Basic Materials	0.3%	-
Energy	0.2%	98.5%
Real Estate	-	-

Return for Risk

TGRT vs. ENFR — Risk / Return Rank

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

TGRT

TGRT Risk / Return Rank: 22
TGRT Sharpe Ratio Rank: 24
TGRT Sortino Ratio Rank: 22
TGRT Omega Ratio Rank: 22
TGRT Calmar Ratio Rank: 19
TGRT Martin Ratio Rank: 21

ENFR

ENFR Risk / Return Rank: 55
ENFR Sharpe Ratio Rank: 56
ENFR Sortino Ratio Rank: 54
ENFR Omega Ratio Rank: 51
ENFR Calmar Ratio Rank: 65
ENFR Martin Ratio Rank: 48

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.

TGRT vs. ENFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Growth ETF (TGRT) 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.

	TGRT	ENFR	Difference
Sharpe ratio: Return per unit of total volatility	0.78	1.69	-0.91
Sortino ratio: Return per unit of downside risk	1.16	2.35	-1.19
Omega ratio: Gain probability vs. loss probability	1.15	1.29	-0.14
Calmar ratio: Return relative to maximum drawdown	0.74	2.91	-2.17
Martin ratio: Return relative to average drawdown	2.37	7.39	-5.02

TGRT vs. ENFR - Sharpe Ratio Comparison

The current TGRT Sharpe Ratio is 0.78, which is lower than the ENFR Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of TGRT 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

TGRT vs. ENFR - Drawdown Comparison

The maximum TGRT drawdown since its inception was -22.04%, smaller than the maximum ENFR drawdown of -68.28%. Use the drawdown chart below to compare losses from any high point for TGRT and ENFR.

Drawdown Indicators

	TGRT	ENFR	Difference
Max Drawdown Largest peak-to-trough decline	-22.04%	-68.28%	+46.24%
Max Drawdown (1Y) Largest decline over 1 year	-17.89%	-8.64%	-9.25%
Max Drawdown (3Y) Largest decline over 3 years	-22.04%	-15.58%	-6.46%
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	-6.48%	-6.04%	-0.44%
Average Drawdown Average peak-to-trough decline	-3.30%	-15.93%	+12.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.57%	3.40%	+2.17%

Volatility

TGRT vs. ENFR - Volatility Comparison

T. Rowe Price Growth ETF (TGRT) has a higher volatility of 6.55% compared to Alerian Energy Infrastructure ETF (ENFR) at 5.68%. This indicates that TGRT'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

	TGRT	ENFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.55%	5.68%	+0.87%
Volatility (6M) Calculated over the trailing 6-month period	13.54%	11.71%	+1.83%
Volatility (1Y) Calculated over the trailing 1-year period	17.00%	14.91%	+2.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.23%	19.26%	-0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.23%	24.68%	-5.45%

TGRT vs. ENFR - Expense Ratio Comparison

TGRT has a 0.38% expense ratio, which is higher than ENFR's 0.35% expense ratio.

Dividends

TGRT vs. ENFR - Dividend Comparison

TGRT's dividend yield for the trailing twelve months is around 0.08%, less than ENFR's 4.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ENFR Alerian Energy Infrastructure ETF	4.07%	4.77%	4.41%	5.48%	5.23%	7.86%	7.57%	5.81%	3.98%	2.98%	3.31%	3.34%
TGRT T. Rowe Price Growth ETF	0.08%	0.08%	0.09%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TGRT and ENFR in my portfolio?

TGRT and ENFR have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TGRT or ENFR?

TGRT has higher volatility (6.55%) compared to ENFR (5.68%). In terms of maximum drawdown, TGRT dropped -22.04% vs ENFR's -68.28%.

Which ETF is better, TGRT or ENFR?

On 3-year performance, ENFR leads with 28.30% vs 21.20% for TGRT. On fees, ENFR is cheaper at 0.35% per year. On volatility, ENFR has been the lower-risk option at 5.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TGRT or ENFR?

Over the 3-year period, ENFR has performed better with a 28.30% return vs 21.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TGRT or ENFR?

ENFR is cheaper with a 0.35% expense ratio, compared with 0.38% for TGRT.

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

ENFR has the higher dividend yield at 4.07%, compared with 0.08% for TGRT.

What is the main difference between TGRT and ENFR?

TGRT is categorized as Large Cap Growth Equities, while ENFR is Energy Equities. They also come from different issuers: T. Rowe Price and SS&C. Their fees differ too: 0.38% for TGRT and 0.35% for ENFR.

Which has better risk-adjusted returns?

ENFR currently has the higher Sharpe Ratio (1.69 vs 0.78), 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.