ENFR vs NVIR

ENFRBAlerian Energy Infrastructure ETF

NVIRFHorizon Kinetics Energy Remediation ETF

In short

ENFR Midstream, not drillers. ENFR owns the pipelines, storage tanks and processing plants that move North American energy, tracking the Alerian Midstream Energy Select Index in a compact portfolio of roughly two dozen names.

NVIR Most energy ETFs buy the oil patch by index weight. NVIR is Horizon Kinetics hand-picking roughly 40 companies across the US, Canada and Australia that it expects to benefit as attention turns to cleaner carbon-based energy production.

Stated mandate

ENFR ENFR seeks to track, before fees and expenses, the price and yield performance of the Alerian Midstream Energy Select Index. It also seeks total return through income and capital appreciation.

NVIR The Fund seeks long-term capital growth. It is actively managed and invests primarily in companies expected to benefit from increasing attention to climate and environmentally sensitive carbon-based energy production.

Why people hold it

• ENFR Charges 0.35%, under the 0.45% median for broad energy ETFs and below iShares' IYE at 0.38%.
• Different engine than most energy funds: infrastructure operators rather than the explorers and refiners whose fortunes swing with the barrel price.alpsfunds.com
• Income is written into the mandate: the fund seeks total return through income and capital appreciation, and distributions come on a quarterly schedule.
• Trading since 2013 and rated among the stronger names in our broad energy peer group.

• NVIR Actively managed with a value-driven, bottom-up process. Nobody is tracking a benchmark here; the portfolio is a stock-by-stock set of picks, roughly 40 names deep.
• A slice of energy that broad sector funds blend away: companies positioned to gain as climate and environmental pressure reshapes how carbon-based energy gets produced.
• The mandate reaches past the US into Canada and Australia, two resource-heavy markets, rather than fishing only in the domestic energy pond.

Worth knowing

• ENFR Around 26 holdings in one slice of one sector. Single-name news and midstream-specific swings land harder here than in a diversified energy fund.
• The broad energy giants (XLE, FENY, VDE) all sit under 0.10%. Specialist indexing costs more.
• Moderately traded rather than a volume heavyweight, which can mean wider bid-ask spreads than the largest energy ETFs.

• NVIR You pay 0.85% for the stock-picking. Index-tracking energy peers run far cheaper, with XES at 0.35% and MLPX at 0.45%.
• Small fund, light trading. Spreads can be wider than on the big sector ETFs, so the price you get depends on how you place the order.
• Launched in 2023, with roughly 40 holdings and distributions once or twice a year. Short track record, concentrated portfolio, no monthly income rhythm.

Full ENFR profile⁠

Full NVIR profile⁠