WAGN vs. ENFR

Last updated Jun 23, 2026

WAGN (Pabrai Wagons ETF) and ENFR (Alerian Energy Infrastructure ETF) are both exchange-traded funds - WAGN is a Global Equities fund actively managed by Pabrai, while ENFR is a Energy Equities fund tracking the Alerian Midstream Energy Select Index. WAGN is actively managed, while ENFR is passively managed. At a correlation of -0.04, they often move in opposite directions. WAGN charges 0.90%/yr vs 0.35%/yr for ENFR.

Performance

WAGN vs. ENFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pabrai Wagons ETF (WAGN) and Alerian Energy Infrastructure ETF (ENFR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WAGN

• 1D: -0.34%
• 1M: 0.17%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ENFR

• 1D: 1.01%
• 1M: -5.94%
• YTD: 23.07%
• 6M: 24.76%
• 1Y: 24.84%
• 3Y*: 28.26%
• 5Y*: 19.69%
• 10Y*: 11.81%

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

WAGN vs. ENFR - Yearly Performance Comparison

	2026 (YTD)
WAGN Pabrai Wagons ETF	3.33%
ENFR Alerian Energy Infrastructure ETF	11.82%

Correlation

The correlation between WAGN and ENFR is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 9, 2026	-0.04

Return for Risk

WAGN vs. ENFR — Risk / Return Rank

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

WAGN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

ENFR

ENFR Risk / Return Rank: 50
ENFR Sharpe Ratio Rank: 51
ENFR Sortino Ratio Rank: 49
ENFR Omega Ratio Rank: 46
ENFR Calmar Ratio Rank: 60
ENFR Martin Ratio Rank: 46

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.

WAGN vs. ENFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pabrai Wagons ETF (WAGN) 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.

	WAGN	ENFR	Difference
Sharpe ratio: Return per unit of total volatility	—	1.69	—
Sortino ratio: Return per unit of downside risk	—	2.35	—
Omega ratio: Gain probability vs. loss probability	—	1.29	—
Calmar ratio: Return relative to maximum drawdown	—	2.89	—
Martin ratio: Return relative to average drawdown	—	7.40	—

Drawdowns

WAGN vs. ENFR - Drawdown Comparison

The maximum WAGN drawdown since its inception was -7.02%, smaller than the maximum ENFR drawdown of -68.28%. Use the drawdown chart below to compare losses from any high point for WAGN and ENFR.

Drawdown Indicators

	WAGN	ENFR	Difference
Max Drawdown Largest peak-to-trough decline	-7.02%	-68.28%	+61.26%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.64%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.58%	—
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	-7.02%	-6.12%	-0.90%
Average Drawdown Average peak-to-trough decline	-2.64%	-15.94%	+13.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.36%	—

Volatility

Volatility by Period

	WAGN	ENFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.42%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.57%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.31%	14.82%	+4.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.31%	19.24%	+0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.31%	24.68%	-5.37%

WAGN vs. ENFR - Expense Ratio Comparison

WAGN has a 0.90% expense ratio, which is higher than ENFR's 0.35% expense ratio.

Dividends

WAGN vs. ENFR - Dividend Comparison

WAGN has not paid dividends to shareholders, while ENFR's dividend yield for the trailing twelve months is around 4.08%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ENFR Alerian Energy Infrastructure ETF	4.08%	4.77%	4.41%	5.48%	5.23%	7.86%	7.57%	5.81%	3.98%	2.98%	3.31%	3.34%
WAGN Pabrai Wagons ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WAGN and ENFR in my portfolio?

WAGN and ENFR have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WAGN or ENFR?

On fees, ENFR is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WAGN or ENFR?

ENFR is cheaper with a 0.35% expense ratio, compared with 0.90% for WAGN.

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

ENFR has the higher dividend yield at 4.08%, compared with 0.00% for WAGN.

What is the main difference between WAGN and ENFR?

WAGN is categorized as Global Equities, while ENFR is Energy Equities. They also come from different issuers: Pabrai and SS&C. Their fees differ too: 0.90% for WAGN and 0.35% for ENFR.