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Tortoise North American Pipeline Fund (TPYP)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
US56167N7205
CUSIP
56167N720
Issuer
Tortoise
Inception Date
Jun 30, 2015
Region
North America (U.S.)
Leveraged
1x (No leverage)
Index Tracked
Tortoise North American Pipeline Index
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Multi-Cap
Asset Class Style
Blend

Share Price Chart


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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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S&P 500 Index

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20267.10%9.78%2.89%20.98%
20253.17%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%
20233.85%-3.39%-0.48%1.73%-4.69%5.98%3.39%-0.98%-1.95%0.04%7.07%0.18%10.51%
20226.57%5.15%7.51%-2.27%6.37%-10.96%8.82%-1.44%-10.19%9.87%4.33%-5.73%16.09%
20213.00%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
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.


TPYP Risk / Return Rank: 6363
Overall Rank
TPYP Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
TPYP Sortino Ratio Rank: 6262
Sortino Ratio Rank
TPYP Omega Ratio Rank: 6767
Omega Ratio Rank
TPYP Calmar Ratio Rank: 6060
Calmar Ratio Rank
TPYP Martin Ratio Rank: 5555
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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).


TPYPBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.26

0.90

+0.36

Sortino ratio

Return per unit of downside risk

1.64

1.39

+0.25

Omega ratio

Gain probability vs. loss probability

1.25

1.21

+0.04

Calmar ratio

Return relative to maximum drawdown

1.60

1.40

+0.20

Martin ratio

Return relative to average drawdown

5.57

6.61

-1.04

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.


3.00%4.00%5.00%6.00%$0.00$0.20$0.40$0.60$0.80$1.00$1.20$1.4020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
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, 2019173Mar 18, 2020288May 10, 2021461
-38.25%Jul 1, 2015140Jan 20, 2016161Sep 8, 2016301
-21.02%Aug 23, 201885Dec 24, 201858Mar 20, 2019143
-17.96%Jun 8, 202276Sep 26, 2022319Jan 3, 2024395
-14.33%Jan 24, 201845Mar 28, 201878Jul 19, 2018123

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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