ETF Evaluator:
ALPS Electrification Infrastructure ETF (ELFY)
Follow This ETF
(as of Oct 13)
Best Performing in Utilities Over the Last Year
| 8.7% | ALPS Electrification Infrastructure ETF (ELFY) |
| 5.1% | Global X U.S. Electrification ETF (ZAP) |
| 4.8% | First Trust EIP Power Solutions ETF (FPWR) |
| 1.5% | iShares Global Utilities ETF (JXI) |
| -1.0% | First Trust Utilities AlphaDEX® ETF (FXU) |
Risk
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Risk
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ETF Details
ALPS Electrification Infrastructure ETF Overview
ALPS Electrification Infrastructure ETF (ELFY) is a passively managed Sector Equity Utilities exchange-traded fund (ETF). ALPS launched the ETF in 2025.
The investment seeks investment results that correspond (before fees and expenses) generally to the performance of the Ladenburg Thalmann Electrification Infrastructure Index.
The underlying index utilizes a proprietary, rules-based methodology developed by Ladenburg Thalmann Index, LLC (the “index provider”), which is designed to measure the performance of publicly-listed large-capitalization and mid-capitalization companies that are positioned to benefit from “electrification”. The fund will invest at least 80% of its net assets in securities that comprise the underlying index.
About ALPS Electrification Infrastructure ETF (ELFY)
There are 3 members of the management team with an average tenure of 1.00 years: Ryan Mischker (2025), Andrew (Andy) Hicks (2025) and Kyle Kleckner (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Ladenburg Thalmann Elect Infras TR USD index with a weighting of 100%. ALPS Electrification Infrastructure ETF has 115 securities in its portfolio. The top 10 holdings constitute 10.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
ALPS Electrification Infrastructure ETF is part of the Equity global asset class and is within the Sector Equity ETF group. ALPS Electrification Infrastructure ETF has 13.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 86.9% There is 13.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). ALPS Electrification Infrastructure ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $185 million in total assets, which is below the $2 billion average for the Utilities category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ELFY Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The ALPS Electrification Infrastructure ETF expense ratio is average compared to funds in the Utilities category. ALPS Electrification Infrastructure ETF has an expense ratio of 0.50%, which is 26% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. ALPS Electrification Infrastructure ETF has a portfolio turnover rate of 16%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 26% for the Utilities category.
Recently, in the month of September 2026, ALPS Electrification Infrastructure ETF returned -4.2%, which earned it a grade of A, as the Utilities category had an average return of -5.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
ALPS Electrification Infrastructure ETF has a trailing yield of 1.15%, which is below the 2.43% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
ALPS Electrification Infrastructure ETF Grades
Year to date, the ETF has returned 10.2%, 11.9 percentage points better than the category, which translates into a grade of A. The fund has returned 8.7% over the past year (grade of A).
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ELFY Trailing NAV Total Returns Data as of 9/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ELFY Return (NAV) | -4.2% | -14.2% | 8.7% | na | na | na |
| ELFY Return (Price) | -4.1% | -14.1% | 8.7% | na | na | na |
| NAV +/- Price Return | -0.071% | -0.071% | 0.010% | na | na | na |
| Utilities Avg | -5.1% | -11.8% | -3.2% | 15.6% | 9.0% | 8.4% |
| ELFY Grade (NAV) | A | F | A | na | na | na |
| +/- Category (NAV) | 1.0% | -2.3% | 12.0% | na | na | na |
| ELFY Tax-Cost Ratio | na | na | 0.4% | na | na | na |
ELFY Annual NAV Total ReturnsData as of 9/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ELFY Return (NAV) | 10.2% | na | na | na | na | na | na | na | na | na | na |
| ELFY Return (Price) | 10.2% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.007% | na | na | na | na | na | na | na | na | na | na |
| Utilities Avg | -1.8% | 18.8% | 24.3% | -4.2% | 1.2% | 16.3% | 0.6% | 22.8% | 4.8% | 11.0% | 16.2% |
| ELFY Grade (NAV) | A | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 11.9% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 1.2% |
| Total Assets: | $ 185 Mil |
| Share Class Assets: | $ 185 Mil |
| Turnover: | 16.0% |
| Expense Ratio: | 0.50% |
| Index Fund: | Yes |
| Index Tracked: | Ladenburg Thalmann Elect Infras TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 1.5 years | |||
| Average Tenure: 1.0 years | |||
| Managers (Year): Mischker Ryan (2025), Hicks Andrew (Andy) (2025), Kleckner Kyle (2026) | |||
Portfolio Composition (as of 9/30/26)
| # of Holdings: | 115 |
| % in Top 10 Holdings: | 10.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 13.0% |
Portfolio Allocation |
|
| Domestic Stock: | 86.9% |
| Foreign Stock: | 13.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | ALPS |
| Phone Number: | 866-759-5679 |
| Website: | www.alpsfunds.com |
| Inception Date: | April 9, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.50% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.40% |
