FLUD vs. TNGY
FLUD (Franklin Ultra Short Bond ETF) and TNGY (Tortoise Energy Fund) are both exchange-traded funds - FLUD is a Ultrashort Bond fund actively managed by Franklin Templeton, while TNGY is a Energy Equities fund actively managed by Tortoise Capital. Both are actively managed. At a correlation of -0.10, they often move in opposite directions. FLUD charges 0.15%/yr vs 0.85%/yr for TNGY.
Performance
FLUD vs. TNGY - Performance Comparison
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Returns By Period
In the year-to-date period, FLUD achieves a 1.53% return, which is significantly lower than TNGY's 15.21% return.
FLUD
- 1D
- 0.09%
- 1M
- 0.41%
- YTD
- 1.53%
- 6M
- 1.88%
- 1Y
- 4.60%
- 3Y*
- 5.33%
- 5Y*
- 3.63%
- 10Y*
- —
TNGY
- 1D
- 0.39%
- 1M
- -3.15%
- YTD
- 15.21%
- 6M
- 12.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLUD vs. TNGY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FLUD Franklin Ultra Short Bond ETF | 1.53% | 2.89% |
TNGY Tortoise Energy Fund | 15.21% | 1.81% |
Correlation
The correlation between FLUD and TNGY is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 17, 2025 | -0.10 |
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Return for Risk
FLUD vs. TNGY — Risk / Return Rank
FLUD
TNGY
FLUD vs. TNGY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Ultra Short Bond ETF (FLUD) and Tortoise Energy Fund (TNGY). 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.
| FLUD | TNGY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.60 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 10.55 | — | — |
| Martin ratioReturn relative to average drawdown | 41.82 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLUD | TNGY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.76 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.59 | 1.15 | +1.44 |
Drawdowns
FLUD vs. TNGY - Drawdown Comparison
The maximum FLUD drawdown since its inception was -1.66%, smaller than the maximum TNGY drawdown of -8.86%. Use the drawdown chart below to compare losses from any high point for FLUD and TNGY.
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Drawdown Indicators
| FLUD | TNGY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.66% | -8.86% | +7.20% |
Max Drawdown (1Y)Largest decline over 1 year | -0.44% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -0.59% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -1.66% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.92% | +3.92% |
Average DrawdownAverage peak-to-trough decline | -0.24% | -2.18% | +1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | — | — |
Volatility
FLUD vs. TNGY - Volatility Comparison
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Volatility by Period
| FLUD | TNGY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.33% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.74% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.68% | 15.70% | -14.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.34% | 15.70% | -14.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.26% | 15.70% | -14.44% |
FLUD vs. TNGY - Expense Ratio Comparison
FLUD has a 0.15% expense ratio, which is lower than TNGY's 0.85% expense ratio.
Dividends
FLUD vs. TNGY - Dividend Comparison
FLUD's dividend yield for the trailing twelve months is around 4.27%, more than TNGY's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FLUD Franklin Ultra Short Bond ETF | 4.27% | 4.51% | 4.97% | 4.72% | 1.39% | 0.92% | 0.93% |
TNGY Tortoise Energy Fund | 3.41% | 2.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLUD and TNGY have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLUD is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLUD is cheaper with a 0.15% expense ratio, compared with 0.85% for TNGY.
FLUD has the higher dividend yield at 4.27%, compared with 3.41% for TNGY.
FLUD is categorized as Ultrashort Bond, while TNGY is Energy Equities. They also come from different issuers: Franklin Templeton and Tortoise Capital. Their fees differ too: 0.15% for FLUD and 0.85% for TNGY.
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