GAMR vs. TPYP

Last updated Aug 6, 2026

GAMR (Amplify Video Game Leaders ETF) and TPYP (Tortoise North American Pipeline Fund) are both exchange-traded funds - GAMR is a Gaming fund tracking the VettaFi Video Game Leaders Index, while TPYP is a MLPs fund tracking the Tortoise North American Pipeline Index. Both are passively managed. Over the past 10 years, GAMR returned 12.42%/yr vs 11.32%/yr for TPYP. Their 0.31 correlation means their historical movements had little consistent relationship. GAMR charges 0.59%/yr vs 0.40%/yr for TPYP.

Performance

GAMR vs. TPYP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Video Game Leaders ETF (GAMR) 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, GAMR achieves a 5.69% return, which is significantly lower than TPYP's 20.31% return. Over the past 10 years, GAMR has outperformed TPYP with an annualized return of 12.42%, while TPYP has yielded a comparatively lower 11.32% annualized return.

GAMR

• 1D: -0.77%
• 1M: 3.06%
• 6M: 20.02%
• YTD: 5.69%
• 1Y: 9.66%
• 3Y*: 17.28%
• 5Y*: 2.07%
• 10Y*: 12.42%
• ALL TIME*: 13.68%

TPYP

• 1D: -1.47%
• 1M: 0.33%
• 6M: 10.96%
• YTD: 20.31%
• 1Y: 22.13%
• 3Y*: 23.42%
• 5Y*: 18.93%
• 10Y*: 11.32%
• ALL TIME*: 9.51%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GAMR Amplify Video Game Leaders ETF	$82.01K	$77.83K	$103.64K
TPYP Tortoise North American Pipeline Fund	$2.68M	$2.32M	$2.66M

GAMR vs. TPYP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GAMR Amplify Video Game Leaders ETF	5.69%	39.20%	11.23%	6.89%	-36.96%	11.31%	76.83%	14.76%	-18.82%	59.47%
TPYP Tortoise North American Pipeline Fund	20.31%	7.59%	37.37%	10.51%	16.09%	34.97%	-20.99%	23.35%	-11.13%	2.27%

Correlation

The correlation between GAMR and TPYP is -0.24, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.24
Correlation (3Y) Balances recent behavior with more history.	0.14
Correlation (5Y) Shows whether the relationship held over a longer period.	0.25
Correlation (10Y) Provides a long-term view across more market conditions.	0.30
Correlation (All Time) Calculated using the full available price history since Mar 10, 2016	0.31

The correlation between GAMR and TPYP shifts across timeframes, from -0.24 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.

GAMR vs. TPYP - Sectors Allocation Comparison

Sectors	GAMR	TPYP
Technology	66.2%	-
Communication Services	19.6%	-
Consumer Cyclical	11.2%	-
Financial Services	0.6%	2.4%
Basic Materials	-	0.1%
Consumer Defensive	-	-
Energy	-	69.6%
Healthcare	-	-
Industrials	-	0.1%
Real Estate	-	-
Utilities	-	21.2%

Return for Risk

GAMR vs. TPYP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GAMR

GAMR Risk / Return Rank: 17
GAMR Sharpe Ratio Rank: 18
GAMR Sortino Ratio Rank: 19
GAMR Omega Ratio Rank: 18
GAMR Calmar Ratio Rank: 15
GAMR Martin Ratio Rank: 15

TPYP

TPYP Risk / Return Rank: 61
TPYP Sharpe Ratio Rank: 58
TPYP Sortino Ratio Rank: 58
TPYP Omega Ratio Rank: 52
TPYP Calmar Ratio Rank: 80
TPYP Martin Ratio Rank: 57

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GAMR vs. TPYP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Video Game Leaders ETF (GAMR) 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.

	GAMR	TPYP	Difference
Sharpe ratio: Return per unit of total volatility	0.41	1.60	-1.19
Sortino ratio: Return per unit of downside risk	0.71	2.26	-1.56
Omega ratio: Gain probability vs. loss probability	1.09	1.27	-0.19
Calmar ratio: Return relative to maximum drawdown	0.33	3.25	-2.92
Martin ratio: Return relative to average drawdown	0.71	7.64	-6.92

GAMR vs. TPYP - Sharpe Ratio Comparison

The current GAMR Sharpe Ratio is 0.41, which is lower than the TPYP Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of GAMR 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.

Drawdowns

GAMR vs. TPYP - Drawdown Comparison

The maximum GAMR drawdown since its inception was -55.37%, which is greater than TPYP's maximum drawdown of -51.91%. Use the drawdown chart below to compare losses from any high point for GAMR and TPYP.

Drawdown Indicators

	GAMR	TPYP	Difference
Max Drawdown Largest peak-to-trough decline	-55.37%	-51.91%	-3.46%
Max Drawdown (1Y) Largest decline over 1 year	-29.36%	-6.84%	-22.52%
Max Drawdown (3Y) Largest decline over 3 years	-29.36%	-13.17%	-16.19%
Max Drawdown (5Y) Largest decline over 5 years	-50.57%	-17.96%	-32.61%
Max Drawdown (10Y) Largest decline over 10 years	-55.37%	-51.91%	-3.46%
Current Drawdown Current decline from peak	-11.93%	-5.54%	-6.39%
Average Drawdown Average peak-to-trough decline	-22.02%	-7.82%	-14.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.56%	2.91%	+10.65%

Volatility

GAMR vs. TPYP - Volatility Comparison

Amplify Video Game Leaders ETF (GAMR) has a higher volatility of 6.43% compared to Tortoise North American Pipeline Fund (TPYP) at 4.74%. This indicates that GAMR'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

	GAMR	TPYP	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.43%	4.74%	+1.69%
Volatility (6M) Calculated over the trailing 6-month period	18.75%	11.18%	+7.57%
Volatility (1Y) Calculated over the trailing 1-year period	23.73%	13.98%	+9.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.68%	17.41%	+7.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.39%	21.90%	+2.49%

GAMR vs. TPYP - Expense Ratio Comparison

GAMR has a 0.59% expense ratio, which is higher than TPYP's 0.40% expense ratio.

Dividends

GAMR vs. TPYP - Dividend Comparison

GAMR's dividend yield for the trailing twelve months is around 0.49%, less than TPYP's 3.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GAMR Amplify Video Game Leaders ETF	0.49%	0.52%	0.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TPYP Tortoise North American Pipeline Fund	3.28%	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 GAMR and TPYP in my portfolio?

GAMR and TPYP have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GAMR or TPYP?

GAMR has higher volatility (6.43%) compared to TPYP (4.74%). In terms of maximum drawdown, GAMR dropped -55.37% vs TPYP's -51.91%.

Which ETF is better, GAMR or TPYP?

On 10-year performance, GAMR leads with 12.42% vs 11.32% for TPYP. On fees, TPYP is cheaper at 0.40% per year. On volatility, TPYP has been the lower-risk option at 4.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GAMR or TPYP?

Over the 10-year period, GAMR has performed better with a 12.42% return vs 11.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GAMR or TPYP?

TPYP is cheaper with a 0.40% expense ratio, compared with 0.59% for GAMR.

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

TPYP has the higher dividend yield at 3.28%, compared with 0.49% for GAMR.

What is the main difference between GAMR and TPYP?

GAMR is categorized as Gaming, while TPYP is MLPs. GAMR tracks VettaFi Video Game Leaders Index, while TPYP tracks Tortoise North American Pipeline Index. They also come from different issuers: Amplify and Tortoise. Their fees differ too: 0.59% for GAMR and 0.40% for TPYP.

Which has better risk-adjusted returns?

TPYP currently has the higher Sharpe Ratio (1.60 vs 0.41), 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.