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Tortoise North American Pipeline Fund (TPYP)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US56167N7205

CUSIP

56167N720

Issuer

Tortoise

Inception Date

Jun 30, 2015

Region

North America (U.S.)

Leveraged

1x

Index Tracked

Tortoise North American Pipeline Index

Asset Class

Equity

Asset Class Size

Multi-Cap

Asset Class Style

Blend

Expense Ratio

TPYP has an expense ratio of 0.40%, placing it in the medium range.


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart


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Returns By Period

Tortoise North American Pipeline Fund (TPYP) returned 4.74% year-to-date (YTD) and 28.02% over the past 12 months.


TPYP

YTD

4.74%

1M

0.63%

6M

3.03%

1Y

28.02%

5Y*

21.89%

10Y*

N/A

^GSPC (Benchmark)

YTD

1.30%

1M

12.79%

6M

1.49%

1Y

12.35%

5Y*

15.12%

10Y*

10.89%

*Annualized

Monthly Returns

The table below presents the monthly returns of TPYP, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20253.17%2.22%2.15%-4.12%1.41%4.74%
2024-0.73%3.20%6.49%-1.29%3.22%2.35%4.47%4.25%1.00%3.63%13.22%-6.47%37.37%
20233.85%-3.39%-0.49%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%-2.26%6.37%-10.96%8.82%-1.44%-10.19%9.87%4.33%-5.73%16.09%
20213.00%6.22%8.30%5.38%4.28%2.33%-2.65%-1.70%2.53%5.96%-6.15%3.81%34.97%
2020-2.68%-10.23%-32.23%22.24%4.88%-3.71%0.15%1.87%-9.61%0.67%16.25%0.20%-20.98%
201914.82%1.75%3.80%-0.46%-2.19%4.05%-1.46%-2.08%2.63%-3.54%-1.55%6.77%23.35%
20180.07%-7.94%-2.06%4.95%5.49%2.10%3.48%-0.97%-1.39%-6.40%1.08%-8.85%-11.13%
20171.94%-0.08%1.01%-1.17%-2.55%1.35%3.47%-3.35%1.75%-2.94%0.17%2.94%2.27%
2016-1.01%4.67%6.21%7.27%1.65%7.66%0.40%1.03%6.06%-4.79%3.13%2.54%39.92%
2015-4.47%-4.83%-13.64%6.66%-6.05%-9.71%-28.97%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 91, TPYP is among the top 9% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of TPYP is 9191
Overall Rank
The Sharpe Ratio Rank of TPYP is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of TPYP is 8989
Sortino Ratio Rank
The Omega Ratio Rank of TPYP is 9090
Omega Ratio Rank
The Calmar Ratio Rank of TPYP is 9494
Calmar Ratio Rank
The Martin Ratio Rank of TPYP is 9090
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Tortoise North American Pipeline Fund (TPYP) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Tortoise North American Pipeline Fund Sharpe ratios as of May 18, 2025 (values are recalculated daily):

  • 1-Year: 1.53
  • 5-Year: 1.14
  • All Time: 0.36

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Tortoise North American Pipeline Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


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Dividends

Dividend History

Tortoise North American Pipeline Fund provided a 3.87% dividend yield over the last twelve months, with an annual payout of $1.37 per share. The fund has been increasing its distributions for 9 consecutive years.


1.00%2.00%3.00%4.00%5.00%6.00%$0.00$0.20$0.40$0.60$0.80$1.00$1.20$1.402015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM2024202320222021202020192018201720162015
Dividend$1.37$1.34$1.25$1.11$1.08$1.07$1.05$0.91$0.87$0.75$0.26

Dividend yield

3.87%3.94%4.83%4.48%4.86%6.15%4.45%4.58%3.71%3.18%1.48%

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
2025$0.00$0.00$0.36$0.00$0.00$0.36
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$1.34
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
2020$0.00$0.00$0.31$0.00$0.00$0.24$0.00$0.00$0.27$0.00$0.00$0.24$1.07
2019$0.00$0.00$0.26$0.00$0.00$0.28$0.00$0.00$0.28$0.00$0.00$0.22$1.05
2018$0.00$0.00$0.25$0.00$0.00$0.23$0.00$0.00$0.27$0.00$0.00$0.16$0.91
2017$0.00$0.00$0.21$0.00$0.00$0.22$0.00$0.00$0.27$0.00$0.00$0.17$0.87
2016$0.00$0.00$0.14$0.00$0.00$0.23$0.00$0.00$0.21$0.00$0.00$0.17$0.75
2015$0.03$0.00$0.00$0.23$0.26

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 4.32%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-51.91%Jul 12, 2019173Mar 18, 2020288May 10, 2021461
-38.79%Jul 1, 2015108Jan 20, 2016214Dec 23, 2016322
-21.03%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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