VEGA vs. ENFR
VEGA (AdvisorShares STAR Global Buy-Write ETF) and ENFR (Alerian Energy Infrastructure ETF) are both exchange-traded funds - VEGA is a Global Equities fund actively managed by AdvisorShares, while ENFR is a Infrastructure Equities fund tracking the Alerian Midstream Energy Select Index. VEGA is actively managed, while ENFR is passively managed. Over the past 10 years, VEGA returned 7.65%/yr vs 11.66%/yr for ENFR. Their 0.39 correlation means their historical movements had little consistent relationship. VEGA charges 2.02%/yr vs 0.35%/yr for ENFR.
Performance
VEGA vs. ENFR - Performance Comparison
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Returns By Period
In the year-to-date period, VEGA achieves a 8.26% return, which is significantly lower than ENFR's 26.71% return. Over the past 10 years, VEGA has underperformed ENFR with an annualized return of 7.65%, while ENFR has yielded a comparatively higher 11.66% annualized return.
VEGA
- 1D
- 1.23%
- 1M
- 1.59%
- 6M
- 5.92%
- YTD
- 8.26%
- 1Y
- 15.47%
- 3Y*
- 13.55%
- 5Y*
- 7.00%
- 10Y*
- 7.65%
- ALL TIME*
- 6.24%
ENFR
- 1D
- -0.59%
- 1M
- 2.66%
- 6M
- 16.85%
- YTD
- 26.71%
- 1Y
- 26.38%
- 3Y*
- 26.56%
- 5Y*
- 21.88%
- 10Y*
- 11.66%
- ALL TIME*
- 8.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.47M | $4.04M | $3.19M | |
| $257.33K | $224.28K | $298.61K |
VEGA vs. ENFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEGA AdvisorShares STAR Global Buy-Write ETF | 8.26% | 15.83% | 11.20% | 15.12% | -15.02% | 12.36% | 8.37% | 19.29% | -6.58% | 11.50% |
ENFR Alerian Energy Infrastructure ETF | 26.71% | 5.88% | 42.17% | 15.63% | 17.48% | 39.97% | -24.14% | 21.60% | -18.67% | -0.19% |
Correlation
The correlation between VEGA and ENFR is -0.14, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.40 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2013 | 0.39 |
The correlation between VEGA and ENFR shifts across timeframes, from -0.14 (1 year) to 0.40 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
VEGA vs. ENFR — Risk / Return Rank
VEGA
ENFR
VEGA vs. ENFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares STAR Global Buy-Write ETF (VEGA) 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.
| VEGA | ENFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.30 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 3.07 | -0.80 |
| Martin ratioReturn relative to average drawdown | 9.44 | 7.51 | +1.94 |
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Drawdowns
VEGA vs. ENFR - Drawdown Comparison
The maximum VEGA drawdown since its inception was -28.37%, smaller than the maximum ENFR drawdown of -68.28%. Use the drawdown chart below to compare losses from any high point for VEGA and ENFR.
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Drawdown Indicators
| VEGA | ENFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.37% | -68.28% | +39.91% |
Max Drawdown (1Y)Largest decline over 1 year | -6.86% | -8.64% | +1.78% |
Max Drawdown (3Y)Largest decline over 3 years | -11.62% | -15.58% | +3.96% |
Max Drawdown (5Y)Largest decline over 5 years | -22.78% | -20.29% | -2.49% |
Max Drawdown (10Y)Largest decline over 10 years | -28.37% | -62.64% | +34.27% |
Current DrawdownCurrent decline from peak | 0.00% | -3.75% | +3.75% |
Average DrawdownAverage peak-to-trough decline | -3.76% | -15.82% | +12.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 3.54% | -1.90% |
Volatility
VEGA vs. ENFR - Volatility Comparison
The current volatility for AdvisorShares STAR Global Buy-Write ETF (VEGA) is 3.18%, while Alerian Energy Infrastructure ETF (ENFR) has a volatility of 5.51%. This indicates that VEGA 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
| VEGA | ENFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 5.51% | -2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 8.15% | 12.24% | -4.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.94% | 15.25% | -5.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.31% | 19.18% | -6.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.74% | 24.65% | -11.91% |
VEGA vs. ENFR - Expense Ratio Comparison
VEGA has a 2.02% expense ratio, which is higher than ENFR's 0.35% expense ratio.
Dividends
VEGA vs. ENFR - Dividend Comparison
VEGA's dividend yield for the trailing twelve months is around 1.24%, less than ENFR's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENFR Alerian Energy Infrastructure ETF | 3.96% | 4.77% | 4.41% | 5.48% | 5.23% | 7.86% | 7.57% | 5.81% | 3.98% | 2.98% | 3.31% | 3.34% |
VEGA AdvisorShares STAR Global Buy-Write ETF | 1.24% | 1.34% | 1.05% | 1.12% | 1.89% | 0.55% | 0.28% | 0.44% | 0.45% | 0.00% | 0.81% | 0.00% |
Frequently Asked Questions
VEGA and ENFR have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENFR has higher volatility (5.51%) compared to VEGA (3.18%). In terms of maximum drawdown, VEGA dropped -28.37% vs ENFR's -68.28%.
On 10-year performance, ENFR leads with 11.66% vs 7.65% for VEGA. On fees, ENFR is cheaper at 0.35% per year. On volatility, VEGA has been the lower-risk option at 3.18%. 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 11.66% return vs 7.65%. 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 2.02% for VEGA.
ENFR has the higher dividend yield at 3.96%, compared with 1.24% for VEGA.
VEGA is categorized as Global Equities, while ENFR is Infrastructure Equities. They also come from different issuers: AdvisorShares and SS&C. Their fees differ too: 2.02% for VEGA and 0.35% for ENFR.
ENFR currently has the higher Sharpe Ratio (1.74 vs 1.57), 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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