EINC vs. TPYP

Last updated Jun 4, 2026

EINC (VanEck Energy Income ETF) and TPYP (Tortoise North American Pipeline Fund) are both Energy Equities funds - EINC tracks the MVIS North America Energy Infrastructure Index while TPYP tracks the Tortoise North American Pipeline Index. Both are passively managed. Over the past 10 years, EINC returned 11.62%/yr vs 11.93%/yr for TPYP. Their correlation of 0.82 suggests significant overlap in exposure. EINC charges 0.45%/yr vs 0.40%/yr for TPYP.

Performance

EINC vs. TPYP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Energy Income ETF (EINC) 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, EINC achieves a 24.74% return, which is significantly higher than TPYP's 20.07% return. Both investments have delivered pretty close results over the past 10 years, with EINC having a 11.62% annualized return and TPYP not far ahead at 11.93%.

EINC

• 1D: -0.39%
• 1M: -1.60%
• YTD: 24.74%
• 6M: 24.40%
• 1Y: 26.00%
• 3Y*: 29.18%
• 5Y*: 20.73%
• 10Y*: 11.62%

TPYP

• 1D: -0.04%
• 1M: -2.82%
• YTD: 20.07%
• 6M: 19.62%
• 1Y: 21.07%
• 3Y*: 25.01%
• 5Y*: 17.73%
• 10Y*: 11.93%

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

EINC vs. TPYP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EINC VanEck Energy Income ETF	24.74%	7.11%	42.79%	15.55%	19.18%	38.05%	-19.89%	16.98%	-19.85%	-3.45%
TPYP Tortoise North American Pipeline Fund	20.07%	7.59%	37.37%	10.51%	16.09%	34.97%	-20.99%	23.35%	-11.13%	2.27%

Correlation

The correlation between EINC and TPYP is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jul 1, 2015	0.82

The correlation between EINC and TPYP shifts across timeframes, from 0.82 (all time) to 0.94 (1 year), reflecting how their relationship changes across market environments.

EINC vs. TPYP - Sectors Allocation Comparison

Sectors	EINC	TPYP
Energy	99.5%	68.8%
Industrials	2.5%	-
Utilities	0.6%	22.0%
Basic Materials	-	0.1%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	2.4%
Healthcare	-	-
Real Estate	-	-
Technology	-	-

Return for Risk

EINC vs. TPYP — Risk / Return Rank

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

EINC

EINC Risk / Return Rank: 53
EINC Sharpe Ratio Rank: 51
EINC Sortino Ratio Rank: 49
EINC Omega Ratio Rank: 49
EINC Calmar Ratio Rank: 66
EINC Martin Ratio Rank: 53

TPYP

TPYP Risk / Return Rank: 49
TPYP Sharpe Ratio Rank: 46
TPYP Sortino Ratio Rank: 44
TPYP Omega Ratio Rank: 42
TPYP Calmar Ratio Rank: 62
TPYP Martin Ratio Rank: 49

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.

EINC vs. TPYP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Energy Income ETF (EINC) 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.

	EINC	TPYP	Difference
Sharpe ratio: Return per unit of total volatility	1.78	1.61	+0.17
Sortino ratio: Return per unit of downside risk	2.43	2.25	+0.18
Omega ratio: Gain probability vs. loss probability	1.31	1.28	+0.03
Calmar ratio: Return relative to maximum drawdown	3.31	3.09	+0.22
Martin ratio: Return relative to average drawdown	9.18	8.34	+0.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EINC vs. TPYP - Sharpe Ratio Comparison

The current EINC Sharpe Ratio is 1.78, which is comparable to the TPYP Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of EINC 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.

Sharpe Ratios by Period

	EINC	TPYP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.78	1.61	+0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.07	1.02	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.55	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.43	-0.39

Drawdowns

EINC vs. TPYP - Drawdown Comparison

The maximum EINC drawdown since its inception was -87.55%, which is greater than TPYP's maximum drawdown of -51.91%. Use the drawdown chart below to compare losses from any high point for EINC and TPYP.

Drawdown Indicators

	EINC	TPYP	Difference
Max Drawdown Largest peak-to-trough decline	-87.55%	-51.91%	-35.64%
Max Drawdown (1Y) Largest decline over 1 year	-7.89%	-6.84%	-1.05%
Max Drawdown (3Y) Largest decline over 3 years	-16.01%	-13.17%	-2.84%
Max Drawdown (5Y) Largest decline over 5 years	-19.87%	-17.96%	-1.91%
Max Drawdown (10Y) Largest decline over 10 years	-68.85%	-51.91%	-16.94%
Current Drawdown Current decline from peak	-5.44%	-5.27%	-0.17%
Average Drawdown Average peak-to-trough decline	-44.29%	-7.89%	-36.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	2.56%	+0.29%

Volatility

EINC vs. TPYP - Volatility Comparison

VanEck Energy Income ETF (EINC) has a higher volatility of 6.39% compared to Tortoise North American Pipeline Fund (TPYP) at 5.67%. This indicates that EINC's price experiences larger fluctuations and is considered to be riskier than TPYP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EINC	TPYP	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.39%	5.67%	+0.72%
Volatility (6M) Calculated over the trailing 6-month period	11.57%	10.29%	+1.28%
Volatility (1Y) Calculated over the trailing 1-year period	14.72%	13.16%	+1.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.58%	17.45%	+2.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.43%	21.94%	+3.49%

EINC vs. TPYP - Expense Ratio Comparison

EINC has a 0.45% expense ratio, which is higher than TPYP's 0.40% expense ratio.

Dividends

EINC vs. TPYP - Dividend Comparison

EINC's dividend yield for the trailing twelve months is around 3.55%, more than TPYP's 3.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EINC VanEck Energy Income ETF	3.55%	4.51%	3.33%	3.77%	2.89%	6.03%	6.69%	9.66%	11.31%	8.53%	9.71%	28.53%
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

Can I hold both EINC and TPYP in my portfolio?

With a correlation of 0.94, EINC and TPYP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, EINC or TPYP?

EINC has higher volatility (6.39%) compared to TPYP (5.67%). In terms of maximum drawdown, EINC dropped -87.55% vs TPYP's -51.91%.

Which ETF is better, EINC or TPYP?

On 10-year performance, TPYP leads with 11.93% vs 11.62% for EINC. On fees, TPYP is cheaper at 0.40% per year. On volatility, TPYP has been the lower-risk option at 5.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EINC or TPYP?

Over the 10-year period, TPYP has performed better with a 11.93% return vs 11.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EINC or TPYP?

TPYP is cheaper with a 0.40% expense ratio, compared with 0.45% for EINC.

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

EINC has the higher dividend yield at 3.55%, compared with 3.25% for TPYP.

What is the main difference between EINC and TPYP?

EINC tracks MVIS North America Energy Infrastructure Index, while TPYP tracks Tortoise North American Pipeline Index. They also come from different issuers: VanEck and Tortoise. Their fees differ too: 0.45% for EINC and 0.40% for TPYP.

Which has better risk-adjusted returns?

EINC currently has the higher Sharpe Ratio (1.78 vs 1.61), 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.