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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Tortoise North American Pipeline Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Tortoise North American Pipeline Fund (TPYP) has returned 20.98% so far this year and 20.82% over the past 12 months. Looking at the last ten years, TPYP has achieved an annualized return of 13.45%, outperforming the S&P 500 Index benchmark, which averaged 12.16% per year.
Tortoise North American Pipeline Fund
- 1D
- -1.05%
- 1M
- 2.89%
- YTD
- 20.98%
- 6M
- 18.25%
- 1Y
- 20.82%
- 3Y*
- 25.55%
- 5Y*
- 21.03%
- 10Y*
- 13.45%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jun 30, 2015, TPYP's average daily return is +0.05%, while the average monthly return is +0.99%. At this rate, your investment would double in approximately 5.9 years.
Historically, 62% of months were positive and 38% were negative. The best month was Apr 2020 with a return of +22.2%, while the worst month was Mar 2020 at -32.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, TPYP closed higher 52% of trading days. The best single day was Mar 13, 2020 with a return of +12.4%, while the worst single day was Mar 9, 2020 at -18.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.10% | 9.78% | 2.89% | 20.98% | |||||||||
| 2025 | 3.17% | 2.22% | 2.15% | -4.12% | 1.32% | 2.13% | -0.67% | 1.04% | 2.61% | -5.87% | 4.96% | -1.07% | 7.59% |
| 2024 | -0.73% | 3.21% | 6.49% | -1.29% | 3.22% | 2.35% | 4.47% | 4.25% | 1.01% | 3.63% | 13.22% | -6.47% | 37.37% |
| 2023 | 3.85% | -3.39% | -0.48% | 1.73% | -4.69% | 5.98% | 3.39% | -0.98% | -1.95% | 0.04% | 7.07% | 0.18% | 10.51% |
| 2022 | 6.57% | 5.15% | 7.51% | -2.27% | 6.37% | -10.96% | 8.82% | -1.44% | -10.19% | 9.87% | 4.33% | -5.73% | 16.09% |
| 2021 | 3.00% | 6.22% | 8.31% | 5.38% | 4.28% | 2.33% | -2.65% | -1.70% | 2.52% | 5.96% | -6.15% | 3.81% | 34.97% |
Benchmark Metrics
Tortoise North American Pipeline Fund has an annualized alpha of 2.27%, beta of 0.80, and R² of 0.40 versus S&P 500 Index. Calculated based on daily prices since July 01, 2015.
- This ETF participated in 84.59% of S&P 500 Index downside but only 81.26% of its upside — more exposed to losses than it benefited from rallies.
- R² of 0.40 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 2.27%
- Beta
- 0.80
- R²
- 0.40
- Upside Capture
- 81.26%
- Downside Capture
- 84.59%
Expense Ratio
TPYP has an expense ratio of 0.40%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TPYP ranks 63 for risk / return — better than 63% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Tortoise North American Pipeline Fund (TPYP) and compare them to a chosen benchmark (S&P 500 Index).
| TPYP | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 0.90 | +0.36 |
Sortino ratioReturn per unit of downside risk | 1.64 | 1.39 | +0.25 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.21 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.40 | +0.20 |
Martin ratioReturn relative to average drawdown | 5.57 | 6.61 | -1.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore TPYP risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Tortoise North American Pipeline Fund provided a 3.23% dividend yield over the last twelve months, with an annual payout of $1.37 per share. The fund has been increasing its distributions for 10 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.37 | $1.38 | $1.35 | $1.25 | $1.11 | $1.08 | $1.06 | $1.05 | $0.91 | $0.87 | $0.83 | $0.45 |
Dividend yield | 3.23% | 3.91% | 3.95% | 4.83% | 4.48% | 4.86% | 6.14% | 4.45% | 4.58% | 3.71% | 3.49% | 2.56% |
Monthly Dividends
The table displays the monthly dividend distributions for Tortoise North American Pipeline Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.34 | $0.34 | |||||||||
| 2025 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.34 | $1.38 |
| 2024 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.35 | $1.35 |
| 2023 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.30 | $1.25 |
| 2022 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.27 | $1.11 |
| 2021 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.27 | $1.08 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Tortoise North American Pipeline Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Tortoise North American Pipeline Fund was 51.91%, occurring on Mar 18, 2020. Recovery took 288 trading sessions.
The current Tortoise North American Pipeline Fund drawdown is 1.65%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -51.91% | Jul 12, 2019 | 173 | Mar 18, 2020 | 288 | May 10, 2021 | 461 |
| -38.25% | Jul 1, 2015 | 140 | Jan 20, 2016 | 161 | Sep 8, 2016 | 301 |
| -21.02% | Aug 23, 2018 | 85 | Dec 24, 2018 | 58 | Mar 20, 2019 | 143 |
| -17.96% | Jun 8, 2022 | 76 | Sep 26, 2022 | 319 | Jan 3, 2024 | 395 |
| -14.33% | Jan 24, 2018 | 45 | Mar 28, 2018 | 78 | Jul 19, 2018 | 123 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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