ENFR vs RSPG

ENFRBAlerian Energy Infrastructure ETF

RSPGBInvesco S&P 500 Equal Weight Energy 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.

RSPG Cap weighting hands an energy fund mostly to the biggest oil majors. RSPG splits the S&P 500's energy names evenly instead, so refiners and drillers stand alongside the giants. Same rulebook since 2006, when it launched as RYE.

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.

RSPG The fund seeks to track an index that equally weights stocks in the energy sector of the S&P 500® Index.

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.

• RSPG Equal weighting is the whole point: each S&P 500 energy stock gets the same target slot, so refiners, drillers and service names carry as much weight as a supermajor.invesco.com
• The 0.40% fee sits a shade under the median for broad energy ETFs.
• Running since 2006, and traded as RYE until Invesco's 2023 ticker swap, so the same equal-weight rules have worked through multiple oil booms and busts.sec.gov
• A legible mandate: S&P 500 energy stocks, weighted alike, no commodity futures. Distributions land quarterly.

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.

• RSPG Plain cap-weighted rivals cost far less: XLE and FENY at 0.08%, VDE at 0.09%. The equal-weight tilt is something you pay for.
• Mid-sized and moderately traded, so spreads can run wider than the household-name energy funds. Limit orders earn their keep.
• Pushing weight toward the sector's smaller names raises the volatility, and it is still one sector riding oil and gas prices.

Full ENFR profile⁠

Full RSPG profile⁠