IDRV vs. TPYP

Last updated Aug 6, 2026

IDRV (iShares Self-Driving EV and Tech ETF) and TPYP (Tortoise North American Pipeline Fund) are both exchange-traded funds - IDRV is a Technology Equities fund tracking the NYSE FactSet Global Autonomous Driving and Electric Vehicle Index (USD) (Net), while TPYP is a MLPs fund tracking the Tortoise North American Pipeline Index. Both are passively managed. Over the past 5 years, IDRV returned -4.36%/yr vs 18.93%/yr for TPYP. Their 0.40 correlation means their historical movements had little consistent relationship. IDRV charges 0.48%/yr vs 0.40%/yr for TPYP.

Performance

IDRV vs. TPYP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Self-Driving EV and Tech ETF (IDRV) 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, IDRV achieves a -2.77% return, which is significantly lower than TPYP's 20.31% return.

IDRV

• 1D: -0.95%
• 1M: -5.05%
• 6M: -3.42%
• YTD: -2.77%
• 1Y: 13.81%
• 3Y*: -3.12%
• 5Y*: -4.36%
• 10Y*: —
• ALL TIME*: 6.73%

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)
IDRV iShares Self-Driving EV and Tech ETF	$1.41M	$965.79K	$1.22M
TPYP Tortoise North American Pipeline Fund	$2.68M	$2.32M	$2.66M

IDRV vs. TPYP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IDRV iShares Self-Driving EV and Tech ETF	-2.77%	32.24%	-16.05%	7.83%	-36.37%	26.99%	59.46%	7.24%
TPYP Tortoise North American Pipeline Fund	20.31%	7.59%	37.37%	10.51%	16.09%	34.97%	-20.99%	2.04%

Correlation

The correlation between IDRV and TPYP is -0.16, 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.	-0.16
Correlation (3Y) Balances recent behavior with more history.	0.19
Correlation (5Y) Shows whether the relationship held over a longer period.	0.34
Correlation (All Time) Calculated using the full available price history since Apr 18, 2019	0.40

The correlation between IDRV and TPYP shifts across timeframes, from -0.16 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.

IDRV vs. TPYP - Sectors Allocation Comparison

Sectors	IDRV	TPYP
Consumer Cyclical	62.9%	-
Industrials	19.9%	0.1%
Basic Materials	14.7%	0.1%
Technology	2.4%	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	69.6%
Financial Services	-	2.4%
Healthcare	-	-
Real Estate	-	-
Utilities	-	21.2%

Return for Risk

IDRV vs. TPYP — Risk / Return Rank

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

IDRV

IDRV Risk / Return Rank: 21
IDRV Sharpe Ratio Rank: 21
IDRV Sortino Ratio Rank: 21
IDRV Omega Ratio Rank: 21
IDRV Calmar Ratio Rank: 20
IDRV Martin Ratio Rank: 22

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.

IDRV vs. TPYP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Self-Driving EV and Tech ETF (IDRV) 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.

	IDRV	TPYP	Difference
Sharpe ratio: Return per unit of total volatility	0.52	1.60	-1.08
Sortino ratio: Return per unit of downside risk	0.87	2.26	-1.39
Omega ratio: Gain probability vs. loss probability	1.11	1.27	-0.16
Calmar ratio: Return relative to maximum drawdown	0.61	3.25	-2.64
Martin ratio: Return relative to average drawdown	1.77	7.64	-5.87

IDRV vs. TPYP - Sharpe Ratio Comparison

The current IDRV Sharpe Ratio is 0.52, which is lower than the TPYP Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of IDRV 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

IDRV vs. TPYP - Drawdown Comparison

The maximum IDRV drawdown since its inception was -53.00%, roughly equal to the maximum TPYP drawdown of -51.91%. Use the drawdown chart below to compare losses from any high point for IDRV and TPYP.

Drawdown Indicators

	IDRV	TPYP	Difference
Max Drawdown Largest peak-to-trough decline	-53.00%	-51.91%	-1.09%
Max Drawdown (1Y) Largest decline over 1 year	-22.83%	-6.84%	-15.99%
Max Drawdown (3Y) Largest decline over 3 years	-40.10%	-13.17%	-26.93%
Max Drawdown (5Y) Largest decline over 5 years	-53.00%	-17.96%	-35.04%
Max Drawdown (10Y) Largest decline over 10 years	—	-51.91%	—
Current Drawdown Current decline from peak	-28.46%	-5.54%	-22.92%
Average Drawdown Average peak-to-trough decline	-22.45%	-7.82%	-14.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.84%	2.91%	+4.93%

Volatility

IDRV vs. TPYP - Volatility Comparison

iShares Self-Driving EV and Tech ETF (IDRV) has a higher volatility of 6.73% compared to Tortoise North American Pipeline Fund (TPYP) at 4.74%. This indicates that IDRV'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

	IDRV	TPYP	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.73%	4.74%	+1.99%
Volatility (6M) Calculated over the trailing 6-month period	22.26%	11.18%	+11.08%
Volatility (1Y) Calculated over the trailing 1-year period	26.72%	13.98%	+12.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.22%	17.41%	+10.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.21%	21.90%	+6.31%

IDRV vs. TPYP - Expense Ratio Comparison

IDRV has a 0.48% expense ratio, which is higher than TPYP's 0.40% expense ratio.

Dividends

IDRV vs. TPYP - Dividend Comparison

IDRV's dividend yield for the trailing twelve months is around 1.75%, less than TPYP's 3.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDRV iShares Self-Driving EV and Tech ETF	1.75%	1.70%	2.68%	2.17%	2.29%	1.12%	0.69%	1.29%	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 IDRV and TPYP in my portfolio?

IDRV and TPYP have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDRV or TPYP?

IDRV has higher volatility (6.73%) compared to TPYP (4.74%). In terms of maximum drawdown, IDRV dropped -53.00% vs TPYP's -51.91%.

Which ETF is better, IDRV or TPYP?

On 5-year performance, TPYP leads with 18.93% vs -4.36% for IDRV. 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, IDRV or TPYP?

Over the 5-year period, TPYP has performed better with a 18.93% return vs -4.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDRV or TPYP?

TPYP is cheaper with a 0.40% expense ratio, compared with 0.48% for IDRV.

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

TPYP has the higher dividend yield at 3.28%, compared with 1.75% for IDRV.

What is the main difference between IDRV and TPYP?

IDRV is categorized as Technology Equities, while TPYP is MLPs. IDRV tracks NYSE FactSet Global Autonomous Driving and Electric Vehicle Index (USD) (Net), while TPYP tracks Tortoise North American Pipeline Index. They also come from different issuers: iShares and Tortoise. Their fees differ too: 0.48% for IDRV and 0.40% for TPYP.

Which has better risk-adjusted returns?

TPYP currently has the higher Sharpe Ratio (1.60 vs 0.52), 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.