USNZ vs. ENFR

Last updated Jun 24, 2026

USNZ (Xtrackers Net Zero Pathway Paris Aligned US Equity ETF) and ENFR (Alerian Energy Infrastructure ETF) are both exchange-traded funds - USNZ is a Large Cap Blend Equities fund tracking the Solactive ISS ESG United States Net Zero Pathway Enhanced Index - Benchmark TR Net, while ENFR is a Energy Equities fund tracking the Alerian Midstream Energy Select Index. Both are passively managed. Over the past 3 years, USNZ returned 19.54%/yr vs 28.90%/yr for ENFR. At a 0.34 correlation, their price movements are largely independent. USNZ charges 0.10%/yr vs 0.35%/yr for ENFR.

Performance

USNZ vs. ENFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) 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, USNZ achieves a 7.73% return, which is significantly lower than ENFR's 24.93% return.

USNZ

• 1D: -1.42%
• 1M: -1.23%
• YTD: 7.73%
• 6M: 6.91%
• 1Y: 24.01%
• 3Y*: 19.54%
• 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)

USNZ vs. ENFR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF	7.73%	17.76%	21.96%	27.76%	0.80%
ENFR Alerian Energy Infrastructure ETF	24.93%	5.88%	42.17%	15.63%	6.79%

Correlation

The correlation between USNZ and ENFR is -0.12, 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	-0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022	0.34

The correlation between USNZ and ENFR shifts across timeframes, from -0.12 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.

USNZ vs. ENFR - Sectors Allocation Comparison

Sectors	USNZ	ENFR
Technology	45.3%	-
Communication Services	12.5%	-
Healthcare	10.8%	-
Consumer Cyclical	10.0%	-
Financial Services	9.8%	0.1%
Industrials	3.2%	3.4%
Consumer Defensive	3.2%	-
Real Estate	3.0%	-
Basic Materials	1.2%	-
Utilities	1.1%	1.4%
Energy	0.0%	98.5%

Return for Risk

USNZ vs. ENFR — Risk / Return Rank

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

USNZ

USNZ Risk / Return Rank: 54
USNZ Sharpe Ratio Rank: 57
USNZ Sortino Ratio Rank: 56
USNZ Omega Ratio Rank: 55
USNZ Calmar Ratio Rank: 48
USNZ Martin Ratio Rank: 57

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.

USNZ vs. ENFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) 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.

	USNZ	ENFR	Difference
Sharpe ratio: Return per unit of total volatility	1.76	1.88	-0.12
Sortino ratio: Return per unit of downside risk	2.45	2.59	-0.14
Omega ratio: Gain probability vs. loss probability	1.31	1.32	-0.01
Calmar ratio: Return relative to maximum drawdown	2.18	3.23	-1.05
Martin ratio: Return relative to average drawdown	9.31	8.24	+1.07

USNZ vs. ENFR - Sharpe Ratio Comparison

The current USNZ Sharpe Ratio is 1.76, which is comparable to the ENFR Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of USNZ 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

USNZ vs. ENFR - Drawdown Comparison

The maximum USNZ drawdown since its inception was -19.16%, smaller than the maximum ENFR drawdown of -68.28%. Use the drawdown chart below to compare losses from any high point for USNZ and ENFR.

Drawdown Indicators

	USNZ	ENFR	Difference
Max Drawdown Largest peak-to-trough decline	-19.16%	-68.28%	+49.12%
Max Drawdown (1Y) Largest decline over 1 year	-11.07%	-8.64%	-2.43%
Max Drawdown (3Y) Largest decline over 3 years	-19.16%	-15.58%	-3.58%
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	-3.54%	-4.71%	+1.17%
Average Drawdown Average peak-to-trough decline	-3.30%	-15.94%	+12.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	3.38%	-0.80%

Volatility

USNZ vs. ENFR - Volatility Comparison

The current volatility for Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) is 5.26%, while Alerian Energy Infrastructure ETF (ENFR) has a volatility of 5.69%. This indicates that USNZ 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

	USNZ	ENFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.26%	5.69%	-0.43%
Volatility (6M) Calculated over the trailing 6-month period	11.08%	11.60%	-0.52%
Volatility (1Y) Calculated over the trailing 1-year period	13.72%	14.86%	-1.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.70%	19.25%	-2.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.70%	24.68%	-7.98%

USNZ vs. ENFR - Expense Ratio Comparison

USNZ has a 0.10% expense ratio, which is lower than ENFR's 0.35% expense ratio.

Dividends

USNZ vs. ENFR - Dividend Comparison

USNZ's dividend yield for the trailing twelve months is around 0.98%, less 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%
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF	0.98%	1.02%	1.14%	1.19%	0.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both USNZ and ENFR in my portfolio?

USNZ and ENFR have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USNZ or ENFR?

ENFR has higher volatility (5.69%) compared to USNZ (5.26%). In terms of maximum drawdown, USNZ dropped -19.16% vs ENFR's -68.28%.

Which ETF is better, USNZ or ENFR?

On 3-year performance, ENFR leads with 28.90% vs 19.54% for USNZ. On fees, USNZ is cheaper at 0.10% per year. On volatility, USNZ has been the lower-risk option at 5.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USNZ or ENFR?

Over the 3-year period, ENFR has performed better with a 28.90% return vs 19.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USNZ or ENFR?

USNZ is cheaper with a 0.10% expense ratio, compared with 0.35% for ENFR.

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

ENFR has the higher dividend yield at 4.02%, compared with 0.98% for USNZ.

What is the main difference between USNZ and ENFR?

USNZ is categorized as Large Cap Blend Equities, while ENFR is Energy Equities. USNZ tracks Solactive ISS ESG United States Net Zero Pathway Enhanced Index - Benchmark TR Net, while ENFR tracks Alerian Midstream Energy Select Index. They also come from different issuers: Xtrackers and SS&C. Their fees differ too: 0.10% for USNZ and 0.35% for ENFR.

Which has better risk-adjusted returns?

ENFR currently has the higher Sharpe Ratio (1.88 vs 1.76), 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.