Tortoise MLP ETF (TMLP) belongs to the MLPs category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with TMLP. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TMLP
TMLP charges 0.50% annually. There is 1 ETF in the MLPs category with a lower expense ratio, going as low as 0.45%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Global X MLP & Energy Infrastructure ETF | 0.45% | 3.45B | Aug 2013 | TMLP vs MLPX | |
| NEOS MLP & Energy Infrastructure High Income ETF | 0.68% | 674.22M | Dec 2025 | TMLP vs MLPI | |
| Global X MLP ETF | 0.77% | 2.15B | Apr 2012 | TMLP vs MLPA | |
| ETRACS Alerian MLP Index ETN Class B | 0.80% | 36.91M | Oct 2015 | TMLP vs AMUB | |
| ETRACS Alerian MLP Infrastructure Index ETN Series... | 0.85% | 220.26M | Oct 2015 | TMLP vs MLPB |
Best Risk-Adjusted Alternatives to TMLP
Among 8 ETFs in the MLPs category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 85.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust North American Energy Infrastructure F... | 85 | 4.02B | Jun 2012 | TMLP vs EMLP | |
| Global X MLP & Energy Infrastructure ETF | 72 | 3.45B | Aug 2013 | TMLP vs MLPX | |
| Barclays ETN+ Select MLP ETN | 57 | 646.08M | Mar 2013 | TMLP vs ATMP | |
| ETRACS Alerian MLP Infrastructure Index ETN Series... | 53 | 220.26M | Oct 2015 | TMLP vs MLPB | |
| Alerian MLP ETF | 49 | 12.11B | Aug 2010 | TMLP vs AMLP |
Top Performing TMLP Alternatives (YTD)
TMLP is at 16.89% YTD. There are 8 ETFs in the MLPs category with higher YTD returns, going as high as 26.85%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Global X MLP & Energy Infrastructure ETF | 26.85% | 3.45B | Aug 2013 | TMLP vs MLPX | |
| InfraCap MLP ETF | 25.18% | 442.07M | Oct 2014 | TMLP vs AMZA | |
| Barclays ETN+ Select MLP ETN | 22.52% | 646.08M | Mar 2013 | TMLP vs ATMP | |
| ETRACS Alerian MLP Infrastructure Index ETN Series... | 20.33% | 220.26M | Oct 2015 | TMLP vs MLPB | |
| NEOS MLP & Energy Infrastructure High Income ETF | 19.76% | 674.22M | Dec 2025 | TMLP vs MLPI |
Lowest Volatility Alternatives to TMLP
TMLP has 14.22% 1-year volatility. There are 6 ETFs in the MLPs category with lower 1-year volatility, going as low as 10.18%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust North American Energy Infrastructure F... | 10.18% | 4.02B | Jun 2012 | TMLP vs EMLP | |
| Alerian MLP ETF | 12.33% | 12.11B | Aug 2010 | TMLP vs AMLP | |
| Global X MLP ETF | 12.37% | 2.15B | Apr 2012 | TMLP vs MLPA | |
| NEOS MLP & Energy Infrastructure High Income ETF | 13.33% | 674.22M | Dec 2025 | TMLP vs MLPI | |
| ETRACS Alerian MLP Infrastructure Index ETN Series... | 14.02% | 220.26M | Oct 2015 | TMLP vs MLPB |
Lowest Drawdown Alternatives to TMLP
Among 8 ETFs in the MLPs category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -4.94%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust North American Energy Infrastructure F... | -4.94% | 4.02B | Jun 2012 | TMLP vs EMLP | |
| Global X MLP & Energy Infrastructure ETF | -8.18% | 3.45B | Aug 2013 | TMLP vs MLPX | |
| Barclays ETN+ Select MLP ETN | -8.30% | 646.08M | Mar 2013 | TMLP vs ATMP | |
| Global X MLP ETF | -8.33% | 2.15B | Apr 2012 | TMLP vs MLPA | |
| Alerian MLP ETF | -8.94% | 12.11B | Aug 2010 | TMLP vs AMLP |
Other ETFs from Tortoise
The 4 most viewed Tortoise ETFs shown here include TCAI, TPYP, TBLU and span 4 categories. AUM among these funds goes as high as $686M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Tortoise AI Infrastructure ETF | Technology Equities | — | 75.45% | 169.58M | Aug 2025 | TMLP vs TCAI | |
| Tortoise North American Pipeline Fund | Energy Equities | 79 | 23.29% | 685.69M | Jun 2015 | TMLP vs TPYP | |
| Tortoise Global Water Fund | Water Equities, ESG | 8 | 1.22% | 56.56M | Feb 2017 | TMLP vs TBLU | |
| Tortoise Nuclear Renaissance ETF | Energy Equities | — | -2.73% | 1.98M | Dec 2025 | TMLP vs TNUK |
Compare TMLP with Any Fund or Stock
Compare TMLP with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TMLP with funds that move differently
Tortoise MLP ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TMLP.
Explore TMLP Diversifiers