Tortoise Electrification Infrastructure ETF (TPZ)

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Tortoise Electrification Infrastructure ETF (TPZ) is up 10.3% since the beginning of the year. TPZ is currently trading at $22 per share. Investors who bought $1,000 worth of TPZ shares 5 years ago would now be looking at an investment worth $2,287.

Tortoise Electrification Infrastructure ETF (TPZ) has returned 10.26% so far this year and 12.99% over the past 12 months. Over the last ten years, TPZ has returned 8.71% per year, falling short of the S&P 500 Index benchmark, which averaged 13.36% annually.

Based on dividend-adjusted daily data since Jul 29, 2009, TPZ's average daily return is +0.04%, while the average monthly return is +0.91%. At this rate, an investment would double in approximately 6.4 years.

Historically, 60% of months were positive and 40% were negative. The best month was Apr 2020 with a return of +40.2%, while the worst month was Mar 2020 at -51.5%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.

On a daily basis, TPZ closed higher 52% of trading days. The best single day was Mar 19, 2020 with a return of +30.6%, while the worst single day was Mar 18, 2020 at -39.9%.

Tortoise Electrification Infrastructure ETF has an annualized alpha of 2.02%, beta of 0.66, and R2 of 0.22 versus S&P 500 Index. Calculated based on daily prices since July 29, 2009.

• This ETF participated in 96.56% of S&P 500 Index downside but only 78.54% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.66 may look defensive, but with R2 of 0.22 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.22 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

TPZ has an expense ratio of 0.85%, placing it in the medium range.

TPZ ranks 35 for risk / return — below 35% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

Tortoise Electrification Infrastructure ETF provided a 3.69% dividend yield over the last twelve months, with an annual payout of $0.81 per share.

The table displays the monthly dividend distributions for Tortoise Electrification Infrastructure ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Tortoise Electrification Infrastructure ETF. 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 Electrification Infrastructure ETF was 78.17%, occurring on Mar 18, 2020. Recovery took 952 trading sessions.

The current Tortoise Electrification Infrastructure ETF drawdown is 2.62%.

The chart below shows the rolling one-month volatility.