ENFR vs PXI

ENFRBAlerian Energy Infrastructure ETF

PXICInvesco Dorsey Wright Energy Momentum 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.

PXI Most energy ETFs rank holdings by size, so the majors sit on top. PXI ranks energy stocks by price strength and reshuffles quarterly. Fee: 0.60% net of a waiver through August 31, 2028.

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.

PXI The fund seeks to track the Dynamic Energy Sector Intellidex Index by investing primarily in its constituent securities. The index selects energy companies using investment-merit criteria that include momentum measures.

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.

• PXI Different engine: a relative-strength screen picks a minimum of 30 energy names, so leadership can shift toward refiners, midstream or services as price trends shift.nasdaqomx.com
• Trading since October 2006, which covers several full oil booms and busts. Long track records are rare among momentum-screened sector funds.
• A few dozen energy stocks, rebuilt on a published quarterly schedule rather than a manager's hunch.invesco.com
• The portfolio build is the strong part of the story, and the fund lands in the upper half of the broad energy group.

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.

• PXI Costs 0.60% net of a waiver through August 31, 2028 (0.85% without it), above the energy category median. Plain index rivals XLE (0.08%) and VDE (0.09%) are far cheaper.
• Thinly traded with a modest asset base, so trading costs can matter more here than in the household-name energy funds.
• Momentum cuts both ways: the quarterly reshuffle buys what has been rising, and a concentrated energy-only book has no other sector to cushion a turn.

Full ENFR profile⁠

Full PXI profile⁠