TPZ vs. ENFR
TPZ (Tortoise Electrification Infrastructure ETF) and ENFR (Alerian Energy Infrastructure ETF) are both Infrastructure Equities funds. TPZ is actively managed, while ENFR is passively managed. Over the past 10 years, TPZ returned 8.10%/yr vs 12.15%/yr for ENFR. Their 0.68 correlation means they have sometimes moved together and sometimes differently. TPZ charges 0.85%/yr vs 0.35%/yr for ENFR.
Performance
TPZ vs. ENFR - Performance Comparison
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Returns By Period
In the year-to-date period, TPZ achieves a 5.71% return, which is significantly lower than ENFR's 27.95% return. Over the past 10 years, TPZ has underperformed ENFR with an annualized return of 8.10%, while ENFR has yielded a comparatively higher 12.15% annualized return.
TPZ
- 1D
- -1.77%
- 1M
- -4.44%
- 6M
- 2.30%
- YTD
- 5.71%
- 1Y
- 5.53%
- 3Y*
- 22.12%
- 5Y*
- 18.07%
- 10Y*
- 8.10%
- ALL TIME*
- 7.86%
ENFR
- 1D
- 0.25%
- 1M
- 3.41%
- 6M
- 18.41%
- YTD
- 27.95%
- 1Y
- 29.46%
- 3Y*
- 26.22%
- 5Y*
- 21.83%
- 10Y*
- 12.15%
- ALL TIME*
- 8.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.16M | $3.91M | $3.17M | |
| $241.49K | $219.20K | $228.47K |
TPZ vs. ENFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TPZ Tortoise Electrification Infrastructure ETF | 5.71% | 5.67% | 53.88% | 20.72% | 2.44% | 29.31% | -27.84% | 15.61% | -16.12% | -0.30% |
ENFR Alerian Energy Infrastructure ETF | 27.95% | 5.88% | 42.17% | 15.63% | 17.48% | 39.97% | -24.14% | 21.60% | -18.67% | -0.19% |
Correlation
The correlation between TPZ and ENFR is 0.56, 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. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2013 | 0.68 |
The correlation between TPZ and ENFR shifts across timeframes, from 0.56 (1 year) to 0.73 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TPZ vs. ENFR — Risk / Return Rank
TPZ
ENFR
TPZ vs. ENFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise Electrification Infrastructure ETF (TPZ) 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.
| TPZ | ENFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.33 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 3.42 | -2.59 |
| Martin ratioReturn relative to average drawdown | 1.90 | 8.39 | -6.49 |
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Drawdowns
TPZ vs. ENFR - Drawdown Comparison
The maximum TPZ drawdown since its inception was -78.17%, which is greater than ENFR's maximum drawdown of -68.28%. Use the drawdown chart below to compare losses from any high point for TPZ and ENFR.
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Drawdown Indicators
| TPZ | ENFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.17% | -68.28% | -9.89% |
Max Drawdown (1Y)Largest decline over 1 year | -6.63% | -8.64% | +2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -17.78% | -15.58% | -2.20% |
Max Drawdown (5Y)Largest decline over 5 years | -17.78% | -20.29% | +2.51% |
Max Drawdown (10Y)Largest decline over 10 years | -77.04% | -62.64% | -14.40% |
Current DrawdownCurrent decline from peak | -6.63% | -2.81% | -3.82% |
Average DrawdownAverage peak-to-trough decline | -11.86% | -15.83% | +3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 3.52% | -0.60% |
Volatility
TPZ vs. ENFR - Volatility Comparison
The current volatility for Tortoise Electrification Infrastructure ETF (TPZ) is 5.00%, while Alerian Energy Infrastructure ETF (ENFR) has a volatility of 5.56%. This indicates that TPZ 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
| TPZ | ENFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 5.56% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 11.21% | 12.33% | -1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.14% | 15.24% | -1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.67% | 19.20% | -1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.73% | 24.66% | +3.07% |
TPZ vs. ENFR - Expense Ratio Comparison
TPZ has a 0.85% expense ratio, which is higher than ENFR's 0.35% expense ratio.
Dividends
TPZ vs. ENFR - Dividend Comparison
TPZ's dividend yield for the trailing twelve months is around 3.53%, less than ENFR's 3.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENFR Alerian Energy Infrastructure ETF | 3.92% | 4.77% | 4.41% | 5.48% | 5.23% | 7.86% | 7.57% | 5.81% | 3.98% | 2.98% | 3.31% | 3.34% |
TPZ Tortoise Electrification Infrastructure ETF | 3.53% | 3.99% | 5.88% | 8.99% | 9.52% | 4.77% | 8.80% | 8.84% | 9.41% | 7.28% | 6.88% | 9.68% |
Frequently Asked Questions
TPZ and ENFR have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENFR has higher volatility (5.56%) compared to TPZ (5.00%). In terms of maximum drawdown, TPZ dropped -78.17% vs ENFR's -68.28%.
On 10-year performance, ENFR leads with 12.15% vs 8.10% for TPZ. On fees, ENFR is cheaper at 0.35% per year. On volatility, TPZ has been the lower-risk option at 5.00%. 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 12.15% return vs 8.10%. 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 0.85% for TPZ.
ENFR has the higher dividend yield at 3.92%, compared with 3.53% for TPZ.
They also come from different issuers: Tortoise and SS&C. Their fees differ too: 0.85% for TPZ and 0.35% for ENFR.
ENFR currently has the higher Sharpe Ratio (1.94 vs 0.39), 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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