DVXE vs. TPYP
DVXE (WEBs Energy XLE Defined Volatility ETF) and TPYP (Tortoise North American Pipeline Fund) are both Energy Equities funds - DVXE tracks the Syntax Defined Volatility XLE Index while TPYP tracks the Tortoise North American Pipeline Index. Both are passively managed. A 0.63 correlation means they provide meaningful diversification when combined. DVXE charges 0.89%/yr vs 0.40%/yr for TPYP.
Performance
DVXE vs. TPYP - Performance Comparison
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Returns By Period
In the year-to-date period, DVXE achieves a 32.83% return, which is significantly higher than TPYP's 20.05% return.
DVXE
- 1D
- 1.51%
- 1M
- -9.73%
- YTD
- 32.83%
- 6M
- 34.88%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TPYP
- 1D
- 1.24%
- 1M
- -4.81%
- YTD
- 20.05%
- 6M
- 21.48%
- 1Y
- 23.32%
- 3Y*
- 25.65%
- 5Y*
- 17.96%
- 10Y*
- 11.74%
DVXE vs. TPYP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DVXE WEBs Energy XLE Defined Volatility ETF | 32.83% | 4.49% |
TPYP Tortoise North American Pipeline Fund | 20.05% | 3.23% |
Correlation
The correlation between DVXE and TPYP is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.63 |
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Return for Risk
DVXE vs. TPYP — Risk / Return Rank
DVXE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TPYP
DVXE vs. TPYP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WEBs Energy XLE Defined Volatility ETF (DVXE) 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.
| DVXE | TPYP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.42 | — |
| Martin ratioReturn relative to average drawdown | — | 8.48 | — |
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Drawdowns
DVXE vs. TPYP - Drawdown Comparison
The maximum DVXE drawdown since its inception was -20.56%, smaller than the maximum TPYP drawdown of -51.91%. Use the drawdown chart below to compare losses from any high point for DVXE and TPYP.
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Drawdown Indicators
| DVXE | TPYP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.56% | -51.91% | +31.35% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.84% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.17% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.91% | — |
Current DrawdownCurrent decline from peak | -19.36% | -5.28% | -14.08% |
Average DrawdownAverage peak-to-trough decline | -6.30% | -7.88% | +1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.76% | — |
Volatility
DVXE vs. TPYP - Volatility Comparison
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Volatility by Period
| DVXE | TPYP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.08% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.33% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 31.18% | 13.30% | +17.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.18% | 17.39% | +13.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.18% | 21.93% | +9.25% |
DVXE vs. TPYP - Expense Ratio Comparison
DVXE has a 0.89% expense ratio, which is higher than TPYP's 0.40% expense ratio.
Dividends
DVXE vs. TPYP - Dividend Comparison
DVXE has not paid dividends to shareholders, while TPYP's dividend yield for the trailing twelve months is around 3.25%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVXE WEBs Energy XLE Defined Volatility ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TPYP Tortoise North American Pipeline Fund | 3.25% | 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
DVXE and TPYP have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TPYP is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TPYP is cheaper with a 0.40% expense ratio, compared with 0.89% for DVXE.
TPYP has the higher dividend yield at 3.25%, compared with 0.00% for DVXE.
DVXE tracks Syntax Defined Volatility XLE Index, while TPYP tracks Tortoise North American Pipeline Index. They also come from different issuers: WEBs and Tortoise. Their fees differ too: 0.89% for DVXE and 0.40% for TPYP.
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