GXPE vs. TPZ
GXPE (Global X PureCap MSCI Energy ETF) and TPZ (Tortoise Electrification Infrastructure ETF) are both Energy Equities funds. GXPE is passively managed, while TPZ is actively managed. At a 0.29 correlation, their price movements are largely independent. GXPE charges 0.15%/yr vs 0.85%/yr for TPZ.
Performance
GXPE vs. TPZ - Performance Comparison
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Returns By Period
In the year-to-date period, GXPE achieves a 28.48% return, which is significantly higher than TPZ's 10.28% return.
GXPE
- 1D
- 1.03%
- 1M
- 4.22%
- 6M
- 20.71%
- YTD
- 28.48%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TPZ
- 1D
- 0.03%
- 1M
- 2.16%
- 6M
- 7.44%
- YTD
- 10.28%
- 1Y
- 13.35%
- 3Y*
- 25.21%
- 5Y*
- 18.00%
- 10Y*
- 8.62%
GXPE vs. TPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GXPE Global X PureCap MSCI Energy ETF | 28.48% | 4.62% |
TPZ Tortoise Electrification Infrastructure ETF | 10.28% | 1.30% |
Correlation
The correlation between GXPE and TPZ is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.29 |
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Return for Risk
GXPE vs. TPZ — Risk / Return Rank
GXPE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TPZ
GXPE vs. TPZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X PureCap MSCI Energy ETF (GXPE) and Tortoise Electrification Infrastructure ETF (TPZ). 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.
| GXPE | TPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.13 | — |
| Martin ratioReturn relative to average drawdown | — | 4.70 | — |
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Drawdowns
GXPE vs. TPZ - Drawdown Comparison
The maximum GXPE drawdown since its inception was -15.73%, smaller than the maximum TPZ drawdown of -78.17%. Use the drawdown chart below to compare losses from any high point for GXPE and TPZ.
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Drawdown Indicators
| GXPE | TPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.73% | -78.17% | +62.44% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.29% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.78% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.78% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.04% | — |
Current DrawdownCurrent decline from peak | -8.79% | -2.59% | -6.20% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -11.88% | +7.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.84% | — |
Volatility
GXPE vs. TPZ - Volatility Comparison
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Volatility by Period
| GXPE | TPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.91% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.78% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.77% | 13.76% | +7.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.77% | 17.69% | +3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.77% | 27.70% | -6.93% |
GXPE vs. TPZ - Expense Ratio Comparison
GXPE has a 0.15% expense ratio, which is lower than TPZ's 0.85% expense ratio.
Dividends
GXPE vs. TPZ - Dividend Comparison
GXPE's dividend yield for the trailing twelve months is around 2.17%, less than TPZ's 3.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXPE Global X PureCap MSCI Energy ETF | 2.17% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TPZ Tortoise Electrification Infrastructure ETF | 3.69% | 3.99% | 5.88% | 8.99% | 9.52% | 4.77% | 8.80% | 8.84% | 9.41% | 7.28% | 6.88% | 9.68% |
Frequently Asked Questions
GXPE and TPZ have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GXPE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GXPE is cheaper with a 0.15% expense ratio, compared with 0.85% for TPZ.
TPZ has the higher dividend yield at 3.69%, compared with 2.17% for GXPE.
They also come from different issuers: Global X and Tortoise. Their fees differ too: 0.15% for GXPE and 0.85% for TPZ.
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