COAL vs. TPZ

Last updated Jul 17, 2026

COAL (Range Global Coal Index ETF) and TPZ (Tortoise Electrification Infrastructure ETF) are both Energy Equities funds. COAL is passively managed, while TPZ is actively managed. Over the past year, COAL returned 23.46% vs 13.35% for TPZ. At a 0.24 correlation, their price movements are largely independent. Both charge a 0.85% expense ratio.

Performance

COAL vs. TPZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Range Global Coal Index ETF (COAL) and Tortoise Electrification Infrastructure ETF (TPZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COAL achieves a 0.61% return, which is significantly lower than TPZ's 10.28% return.

COAL

• 1D: -3.37%
• 1M: -8.75%
• 6M: -12.70%
• YTD: 0.61%
• 1Y: 23.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TPZ

• 1D: 0.03%
• 1M: 2.16%
• 6M: 7.44%
• YTD: 10.28%
• 1Y: 13.35%
• 3Y*: 25.21%
• 5Y*: 18.00%
• 10Y*: 8.62%

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

COAL vs. TPZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
COAL Range Global Coal Index ETF	0.61%	12.65%	-17.23%
TPZ Tortoise Electrification Infrastructure ETF	10.28%	5.67%	54.09%

Correlation

The correlation between COAL and TPZ is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (All Time) Calculated using the full available price history since Jan 24, 2024	0.24

Return for Risk

COAL vs. TPZ — Risk / Return Rank

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

COAL

COAL Risk / Return Rank: 26
COAL Sharpe Ratio Rank: 26
COAL Sortino Ratio Rank: 28
COAL Omega Ratio Rank: 26
COAL Calmar Ratio Rank: 27
COAL Martin Ratio Rank: 26

TPZ

TPZ Risk / Return Rank: 37
TPZ Sharpe Ratio Rank: 33
TPZ Sortino Ratio Rank: 32
TPZ Omega Ratio Rank: 30
TPZ Calmar Ratio Rank: 52
TPZ Martin Ratio Rank: 38

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.

COAL vs. TPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Range Global Coal Index ETF (COAL) and Tortoise Electrification Infrastructure ETF (TPZ). 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.

	COAL	TPZ	Difference
Sharpe ratio: Return per unit of total volatility	0.79	0.97	-0.19
Sortino ratio: Return per unit of downside risk	1.30	1.43	-0.13
Omega ratio: Gain probability vs. loss probability	1.15	1.17	-0.02
Calmar ratio: Return relative to maximum drawdown	1.09	2.13	-1.05
Martin ratio: Return relative to average drawdown	2.78	4.70	-1.92

COAL vs. TPZ - Sharpe Ratio Comparison

The current COAL Sharpe Ratio is 0.79, which is comparable to the TPZ Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of COAL and TPZ, 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

COAL vs. TPZ - Drawdown Comparison

The maximum COAL drawdown since its inception was -42.29%, smaller than the maximum TPZ drawdown of -78.17%. Use the drawdown chart below to compare losses from any high point for COAL and TPZ.

Drawdown Indicators

	COAL	TPZ	Difference
Max Drawdown Largest peak-to-trough decline	-42.29%	-78.17%	+35.88%
Max Drawdown (1Y) Largest decline over 1 year	-21.69%	-6.29%	-15.40%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.78%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.78%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-77.04%	—
Current Drawdown Current decline from peak	-19.19%	-2.59%	-16.60%
Average Drawdown Average peak-to-trough decline	-14.31%	-11.88%	-2.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.45%	2.84%	+5.61%

Volatility

COAL vs. TPZ - Volatility Comparison

Range Global Coal Index ETF (COAL) has a higher volatility of 7.48% compared to Tortoise Electrification Infrastructure ETF (TPZ) at 3.91%. This indicates that COAL's price experiences larger fluctuations and is considered to be riskier than TPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COAL	TPZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.48%	3.91%	+3.57%
Volatility (6M) Calculated over the trailing 6-month period	22.17%	10.78%	+11.39%
Volatility (1Y) Calculated over the trailing 1-year period	29.94%	13.76%	+16.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.74%	17.69%	+10.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.74%	27.70%	+0.04%

COAL vs. TPZ - Expense Ratio Comparison

Both COAL and TPZ have an expense ratio of 0.85%.

Dividends

COAL vs. TPZ - Dividend Comparison

COAL's dividend yield for the trailing twelve months is around 2.61%, less than TPZ's 3.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COAL Range Global Coal Index ETF	2.61%	2.63%	1.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TPZ Tortoise Electrification Infrastructure ETF	3.69%	3.99%	5.88%	8.99%	9.52%	4.77%	8.80%	8.84%	9.41%	7.28%	6.88%	9.68%

Frequently Asked Questions

Can I hold both COAL and TPZ in my portfolio?

COAL and TPZ have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COAL or TPZ?

COAL has higher volatility (7.48%) compared to TPZ (3.91%). In terms of maximum drawdown, COAL dropped -42.29% vs TPZ's -78.17%.

Which ETF is better, COAL or TPZ?

On 1-year performance, COAL leads with 23.46% vs 13.35% for TPZ. Both ETFs have the same 0.85% expense ratio. On volatility, TPZ has been the lower-risk option at 3.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COAL or TPZ?

Over the 1-year period, COAL has performed better with a 23.46% return vs 13.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COAL or TPZ?

COAL and TPZ have the same expense ratio: 0.85% per year.

Which ETF pays a higher dividend yield, COAL or TPZ?

TPZ has the higher dividend yield at 3.69%, compared with 2.61% for COAL.

What is the main difference between COAL and TPZ?

They also come from different issuers: Exchange Traded Concepts and Tortoise.

Which has better risk-adjusted returns?

TPZ currently has the higher Sharpe Ratio (0.97 vs 0.79), 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.