EBLU vs. TBLU

Last updated Apr 2, 2026

Compare and contrast key facts about Ecofin Global Water ESG Fund (EBLU) and Tortoise Global Water Fund (TBLU).

EBLU and TBLU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EBLU is a passively managed fund by Tortoise that tracks the performance of the Ecofin Water ESG Index. It was launched on Feb 15, 2017. TBLU is a passively managed fund by Tortoise that tracks the performance of the Tortoise Global Water ESG Net Total Return Index. It was launched on Feb 14, 2017. Both EBLU and TBLU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EBLU vs. TBLU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ecofin Global Water ESG Fund (EBLU) and Tortoise Global Water Fund (TBLU). The values are adjusted to include any dividend payments, if applicable.

EBLU vs. TBLU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EBLU Ecofin Global Water ESG Fund	0.43%	11.82%	8.54%	20.95%	-25.99%	28.93%	15.74%	38.72%	-12.80%	20.21%
TBLU Tortoise Global Water Fund	0.43%	11.82%	8.54%	20.95%	-25.99%	28.93%	15.74%	38.72%	-12.80%	20.21%

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with EBLU at 0.43% and TBLU at 0.43%.

EBLU

• 1D: 1.19%
• 1M: -8.21%
• YTD: 0.43%
• 6M: -1.42%
• 1Y: 11.49%
• 3Y*: 11.06%
• 5Y*: 5.76%
• 10Y*: —

TBLU

• 1D: 1.19%
• 1M: -8.21%
• YTD: 0.43%
• 6M: -1.42%
• 1Y: 11.49%
• 3Y*: 11.06%
• 5Y*: 5.76%
• 10Y*: —

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

EBLU vs. TBLU - Expense Ratio Comparison

Both EBLU and TBLU have an expense ratio of 0.40%.

EBLU

Ecofin Global Water ESG Fund

TBLU

Tortoise Global Water Fund

Return for Risk

EBLU vs. TBLU — Risk / Return Rank

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

EBLU

EBLU Risk / Return Rank: 33
EBLU Sharpe Ratio Rank: 33
EBLU Sortino Ratio Rank: 36
EBLU Omega Ratio Rank: 31
EBLU Calmar Ratio Rank: 32
EBLU Martin Ratio Rank: 31

TBLU

TBLU Risk / Return Rank: 31
TBLU Sharpe Ratio Rank: 32
TBLU Sortino Ratio Rank: 35
TBLU Omega Ratio Rank: 31
TBLU Calmar Ratio Rank: 28
TBLU Martin Ratio Rank: 28

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.

EBLU vs. TBLU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ecofin Global Water ESG Fund (EBLU) and Tortoise Global Water Fund (TBLU). 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.

	EBLU	TBLU	Difference
Sharpe ratio Return per unit of total volatility	0.67	0.67	0.00
Sortino ratio Return per unit of downside risk	1.10	1.10	0.00
Omega ratio Gain probability vs. loss probability	1.14	1.14	0.00
Calmar ratio Return relative to maximum drawdown	0.86	0.86	0.00
Martin ratio Return relative to average drawdown	2.79	2.79	0.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EBLU vs. TBLU - Sharpe Ratio Comparison

The current EBLU Sharpe Ratio is 0.67, which is comparable to the TBLU Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of EBLU and TBLU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EBLU	TBLU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.67	0.67	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	0.34	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.52	0.00

Correlation

The correlation between EBLU and TBLU is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

EBLU vs. TBLU - Dividend Comparison

EBLU's dividend yield for the trailing twelve months is around 3.29%, which matches TBLU's 3.29% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EBLU Ecofin Global Water ESG Fund	3.29%	3.31%	1.34%	1.46%	1.64%	1.55%	1.42%	1.58%	1.35%	1.32%
TBLU Tortoise Global Water Fund	3.29%	3.31%	1.34%	1.46%	1.64%	1.55%	1.42%	1.58%	1.35%	1.32%

Drawdowns

EBLU vs. TBLU - Drawdown Comparison

The maximum EBLU drawdown since its inception was -37.58%, roughly equal to the maximum TBLU drawdown of -37.58%. Use the drawdown chart below to compare losses from any high point for EBLU and TBLU.

Drawdown Indicators

	EBLU	TBLU	Difference
Max Drawdown Largest peak-to-trough decline	-37.58%	-37.58%	0.00%
Max Drawdown (1Y) Largest decline over 1 year	-13.17%	-13.17%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	-35.36%	-35.36%	0.00%
Current Drawdown Current decline from peak	-9.47%	-9.47%	0.00%
Average Drawdown Average peak-to-trough decline	-8.13%	-8.13%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.07%	4.07%	0.00%

Volatility

EBLU vs. TBLU - Volatility Comparison

Ecofin Global Water ESG Fund (EBLU) and Tortoise Global Water Fund (TBLU) have volatilities of 5.83% and 5.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EBLU	TBLU	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.83%	5.83%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	10.60%	10.60%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	17.19%	17.19%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.20%	17.20%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.00%	19.00%	0.00%