AIVI vs. TPYP

Last updated Jun 25, 2026

AIVI (WisdomTree International Al Enhanced Value Fund) and TPYP (Tortoise North American Pipeline Fund) are both exchange-traded funds - AIVI is a Foreign Large Cap Equities fund actively managed by WisdomTree, while TPYP is a Energy Equities fund tracking the Tortoise North American Pipeline Index. AIVI is actively managed, while TPYP is passively managed. Over the past 10 years, AIVI returned 9.43%/yr vs 11.82%/yr for TPYP. A 0.52 correlation means they provide meaningful diversification when combined. AIVI charges 0.58%/yr vs 0.40%/yr for TPYP.

Performance

AIVI vs. TPYP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree International Al Enhanced Value Fund (AIVI) and Tortoise North American Pipeline Fund (TPYP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIVI achieves a 10.09% return, which is significantly lower than TPYP's 20.86% return. Over the past 10 years, AIVI has underperformed TPYP with an annualized return of 9.43%, while TPYP has yielded a comparatively higher 11.82% annualized return.

AIVI

• 1D: -0.22%
• 1M: -0.23%
• YTD: 10.09%
• 6M: 9.98%
• 1Y: 23.39%
• 3Y*: 18.69%
• 5Y*: 10.42%
• 10Y*: 9.43%

TPYP

• 1D: -0.62%
• 1M: -4.17%
• YTD: 20.86%
• 6M: 20.79%
• 1Y: 23.45%
• 3Y*: 25.93%
• 5Y*: 18.00%
• 10Y*: 11.82%

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

AIVI vs. TPYP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AIVI WisdomTree International Al Enhanced Value Fund	10.09%	38.68%	2.07%	18.11%	-9.78%	9.33%	-1.28%	17.55%	-9.25%	20.63%
TPYP Tortoise North American Pipeline Fund	20.86%	7.59%	37.37%	10.51%	16.09%	34.97%	-20.99%	23.35%	-11.13%	2.27%

Correlation

The correlation between AIVI and TPYP is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Jun 30, 2015	0.52

Over the past year, the correlation between AIVI and TPYP has dropped to 0.06 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.

AIVI vs. TPYP - Sectors Allocation Comparison

Sectors	AIVI	TPYP
Financial Services	38.1%	2.4%
Industrials	15.9%	-
Basic Materials	7.7%	0.1%
Consumer Defensive	7.2%	-
Consumer Cyclical	6.1%	-
Healthcare	5.5%	-
Energy	5.1%	68.8%
Utilities	4.7%	22.0%
Technology	3.9%	-
Real Estate	3.3%	-
Communication Services	2.6%	-

Return for Risk

AIVI vs. TPYP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIVI

AIVI Risk / Return Rank: 54
AIVI Sharpe Ratio Rank: 59
AIVI Sortino Ratio Rank: 58
AIVI Omega Ratio Rank: 57
AIVI Calmar Ratio Rank: 49
AIVI Martin Ratio Rank: 49

TPYP

TPYP Risk / Return Rank: 60
TPYP Sharpe Ratio Rank: 59
TPYP Sortino Ratio Rank: 59
TPYP Omega Ratio Rank: 53
TPYP Calmar Ratio Rank: 76
TPYP Martin Ratio Rank: 54

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.

AIVI vs. TPYP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree International Al Enhanced Value Fund (AIVI) and Tortoise North American Pipeline Fund (TPYP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AIVI	TPYP	Difference
Sharpe ratio: Return per unit of total volatility	1.74	1.77	-0.03
Sortino ratio: Return per unit of downside risk	2.44	2.48	-0.03
Omega ratio: Gain probability vs. loss probability	1.31	1.30	+0.01
Calmar ratio: Return relative to maximum drawdown	2.15	3.44	-1.29
Martin ratio: Return relative to average drawdown	7.47	8.44	-0.97

AIVI vs. TPYP - Sharpe Ratio Comparison

The current AIVI Sharpe Ratio is 1.74, which is comparable to the TPYP Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of AIVI and TPYP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AIVI vs. TPYP - Drawdown Comparison

The maximum AIVI drawdown since its inception was -65.98%, which is greater than TPYP's maximum drawdown of -51.91%. Use the drawdown chart below to compare losses from any high point for AIVI and TPYP.

Drawdown Indicators

	AIVI	TPYP	Difference
Max Drawdown Largest peak-to-trough decline	-65.98%	-51.91%	-14.07%
Max Drawdown (1Y) Largest decline over 1 year	-10.92%	-6.84%	-4.08%
Max Drawdown (3Y) Largest decline over 3 years	-11.71%	-13.17%	+1.46%
Max Drawdown (5Y) Largest decline over 5 years	-28.05%	-17.96%	-10.09%
Max Drawdown (10Y) Largest decline over 10 years	-35.42%	-51.91%	+16.49%
Current Drawdown Current decline from peak	-2.09%	-4.64%	+2.55%
Average Drawdown Average peak-to-trough decline	-15.50%	-7.88%	-7.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	2.79%	+0.35%

Volatility

AIVI vs. TPYP - Volatility Comparison

The current volatility for WisdomTree International Al Enhanced Value Fund (AIVI) is 4.19%, while Tortoise North American Pipeline Fund (TPYP) has a volatility of 5.23%. This indicates that AIVI experiences smaller price fluctuations and is considered to be less risky than TPYP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIVI	TPYP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.19%	5.23%	-1.04%
Volatility (6M) Calculated over the trailing 6-month period	11.28%	10.40%	+0.88%
Volatility (1Y) Calculated over the trailing 1-year period	13.54%	13.34%	+0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.17%	17.40%	-2.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.16%	21.93%	-5.77%

AIVI vs. TPYP - Expense Ratio Comparison

AIVI has a 0.58% expense ratio, which is higher than TPYP's 0.40% expense ratio.

Dividends

AIVI vs. TPYP - Dividend Comparison

AIVI's dividend yield for the trailing twelve months is around 4.19%, more than TPYP's 3.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIVI WisdomTree International Al Enhanced Value Fund	4.19%	4.70%	4.94%	5.05%	4.32%	5.53%	3.50%	4.31%	4.21%	3.65%	3.98%	4.23%
TPYP Tortoise North American Pipeline Fund	3.23%	3.91%	3.95%	4.83%	4.48%	4.86%	6.14%	4.45%	4.58%	3.71%	3.49%	2.56%

Frequently Asked Questions

Can I hold both AIVI and TPYP in my portfolio?

AIVI and TPYP have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIVI or TPYP?

TPYP has higher volatility (5.23%) compared to AIVI (4.19%). In terms of maximum drawdown, AIVI dropped -65.98% vs TPYP's -51.91%.

Which ETF is better, AIVI or TPYP?

On 10-year performance, TPYP leads with 11.82% vs 9.43% for AIVI. On fees, TPYP is cheaper at 0.40% per year. On volatility, AIVI has been the lower-risk option at 4.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIVI or TPYP?

Over the 10-year period, TPYP has performed better with a 11.82% return vs 9.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIVI or TPYP?

TPYP is cheaper with a 0.40% expense ratio, compared with 0.58% for AIVI.

Which ETF pays a higher dividend yield, AIVI or TPYP?

AIVI has the higher dividend yield at 4.19%, compared with 3.23% for TPYP.

What is the main difference between AIVI and TPYP?

AIVI is categorized as Foreign Large Cap Equities, while TPYP is Energy Equities. They also come from different issuers: WisdomTree and Tortoise. Their fees differ too: 0.58% for AIVI and 0.40% for TPYP.

Which has better risk-adjusted returns?

TPYP currently has the higher Sharpe Ratio (1.77 vs 1.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.