TOLZ vs. ENFR
TOLZ (ProShares DJ Brookfield Global Infrastructure ETF) and ENFR (Alerian Energy Infrastructure ETF) are both Infrastructure Equities funds - TOLZ tracks the Dow Jones Brookfield Global Infrastructure Composite Index while ENFR tracks the Alerian Midstream Energy Select Index. Both are passively managed. Over the past 10 years, TOLZ returned 7.50%/yr vs 12.14%/yr for ENFR. Their 0.72 correlation means they have sometimes moved together and sometimes differently. TOLZ charges 0.46%/yr vs 0.35%/yr for ENFR.
Performance
TOLZ vs. ENFR - Performance Comparison
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Returns By Period
In the year-to-date period, TOLZ achieves a 12.26% return, which is significantly lower than ENFR's 28.27% return. Over the past 10 years, TOLZ has underperformed ENFR with an annualized return of 7.50%, while ENFR has yielded a comparatively higher 12.14% annualized return.
TOLZ
- 1D
- -0.70%
- 1M
- 0.30%
- 6M
- 7.13%
- YTD
- 12.26%
- 1Y
- 15.76%
- 3Y*
- 14.11%
- 5Y*
- 8.83%
- 10Y*
- 7.50%
- ALL TIME*
- 6.71%
ENFR
- 1D
- 0.25%
- 1M
- 3.92%
- 6M
- 19.23%
- YTD
- 28.27%
- 1Y
- 29.02%
- 3Y*
- 26.80%
- 5Y*
- 21.89%
- 10Y*
- 12.14%
- ALL TIME*
- 8.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.27M | $3.93M | $3.16M | |
| $2.85M | $1.54M | $1.36M |
TOLZ vs. ENFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TOLZ ProShares DJ Brookfield Global Infrastructure ETF | 12.26% | 14.76% | 11.67% | 6.18% | -4.25% | 20.47% | -9.46% | 26.84% | -7.90% | 13.28% |
ENFR Alerian Energy Infrastructure ETF | 28.27% | 5.88% | 42.17% | 15.63% | 17.48% | 39.97% | -24.14% | 21.60% | -18.67% | -0.19% |
Correlation
The correlation between TOLZ and ENFR is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2014 | 0.72 |
The correlation between TOLZ and ENFR has been stable across timeframes, ranging from 0.69 to 0.73 - a consistent structural relationship.
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Return for Risk
TOLZ vs. ENFR — Risk / Return Rank
TOLZ
ENFR
TOLZ vs. ENFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) 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.
| TOLZ | ENFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.32 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 3.33 | -0.13 |
| Martin ratioReturn relative to average drawdown | 8.87 | 8.16 | +0.70 |
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Drawdowns
TOLZ vs. ENFR - Drawdown Comparison
The maximum TOLZ drawdown since its inception was -39.33%, smaller than the maximum ENFR drawdown of -68.28%. Use the drawdown chart below to compare losses from any high point for TOLZ and ENFR.
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Drawdown Indicators
| TOLZ | ENFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.33% | -68.28% | +28.95% |
Max Drawdown (1Y)Largest decline over 1 year | -5.18% | -8.64% | +3.46% |
Max Drawdown (3Y)Largest decline over 3 years | -9.26% | -15.58% | +6.32% |
Max Drawdown (5Y)Largest decline over 5 years | -21.85% | -20.29% | -1.56% |
Max Drawdown (10Y)Largest decline over 10 years | -39.33% | -62.64% | +23.31% |
Current DrawdownCurrent decline from peak | -2.30% | -2.57% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -15.83% | +9.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 3.52% | -1.66% |
Volatility
TOLZ vs. ENFR - Volatility Comparison
The current volatility for ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) is 3.58%, while Alerian Energy Infrastructure ETF (ENFR) has a volatility of 5.44%. This indicates that TOLZ 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.
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Volatility by Period
| TOLZ | ENFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.58% | 5.44% | -1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 8.79% | 12.30% | -3.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.70% | 15.24% | -4.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.03% | 19.19% | -5.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.23% | 24.65% | -8.42% |
TOLZ vs. ENFR - Expense Ratio Comparison
TOLZ has a 0.46% expense ratio, which is higher than ENFR's 0.35% expense ratio.
Dividends
TOLZ vs. ENFR - Dividend Comparison
TOLZ's dividend yield for the trailing twelve months is around 2.97%, less than ENFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENFR Alerian Energy Infrastructure ETF | 3.91% | 4.77% | 4.41% | 5.48% | 5.23% | 7.86% | 7.57% | 5.81% | 3.98% | 2.98% | 3.31% | 3.34% |
TOLZ ProShares DJ Brookfield Global Infrastructure ETF | 2.97% | 3.99% | 3.53% | 3.34% | 3.01% | 3.28% | 3.16% | 2.96% | 3.63% | 3.30% | 2.62% | 3.67% |
Frequently Asked Questions
TOLZ and ENFR have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENFR has higher volatility (5.44%) compared to TOLZ (3.58%). In terms of maximum drawdown, TOLZ dropped -39.33% vs ENFR's -68.28%.
On 10-year performance, ENFR leads with 12.14% vs 7.50% for TOLZ. On fees, ENFR is cheaper at 0.35% per year. On volatility, TOLZ has been the lower-risk option at 3.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, ENFR has performed better with a 12.14% return vs 7.50%. 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 0.46% for TOLZ.
ENFR has the higher dividend yield at 3.91%, compared with 2.97% for TOLZ.
TOLZ tracks Dow Jones Brookfield Global Infrastructure Composite Index, while ENFR tracks Alerian Midstream Energy Select Index. They also come from different issuers: ProShares and SS&C. Their fees differ too: 0.46% for TOLZ and 0.35% for ENFR.
ENFR currently has the higher Sharpe Ratio (1.89 vs 1.55), 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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