IYE vs. TPZ
IYE (iShares U.S. Energy ETF) and TPZ (Tortoise Electrification Infrastructure ETF) are both Energy Equities funds. IYE is passively managed, while TPZ is actively managed. Over the past 10 years, IYE returned 8.12%/yr vs 8.71%/yr for TPZ. A 0.52 correlation means they provide meaningful diversification when combined. IYE charges 0.42%/yr vs 0.85%/yr for TPZ.
Performance
IYE vs. TPZ - Performance Comparison
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Returns By Period
In the year-to-date period, IYE achieves a 27.56% return, which is significantly higher than TPZ's 10.26% return. Over the past 10 years, IYE has underperformed TPZ with an annualized return of 8.12%, while TPZ has yielded a comparatively higher 8.71% annualized return.
IYE
- 1D
- -0.79%
- 1M
- 2.37%
- 6M
- 19.26%
- YTD
- 27.56%
- 1Y
- 33.34%
- 3Y*
- 14.71%
- 5Y*
- 21.54%
- 10Y*
- 8.12%
TPZ
- 1D
- -0.81%
- 1M
- 2.31%
- 6M
- 8.81%
- YTD
- 10.26%
- 1Y
- 12.99%
- 3Y*
- 25.29%
- 5Y*
- 17.99%
- 10Y*
- 8.71%
IYE vs. TPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IYE iShares U.S. Energy ETF | 27.56% | 7.33% | 6.06% | -2.21% | 60.21% | 53.42% | -33.49% | 10.03% | -19.37% | -1.80% |
TPZ Tortoise Electrification Infrastructure ETF | 10.26% | 5.67% | 53.88% | 20.72% | 2.44% | 29.31% | -27.84% | 15.61% | -16.12% | -0.30% |
Correlation
The correlation between IYE and TPZ is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2009 | 0.52 |
Over the past year, the correlation between IYE and TPZ has dropped to 0.31 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
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Return for Risk
IYE vs. TPZ — Risk / Return Rank
IYE
TPZ
IYE vs. TPZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Energy ETF (IYE) 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.
| IYE | TPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.17 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 2.07 | +0.23 |
| Martin ratioReturn relative to average drawdown | 6.18 | 4.58 | +1.59 |
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Drawdowns
IYE vs. TPZ - Drawdown Comparison
The maximum IYE drawdown since its inception was -73.74%, smaller than the maximum TPZ drawdown of -78.17%. Use the drawdown chart below to compare losses from any high point for IYE and TPZ.
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Drawdown Indicators
| IYE | TPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.74% | -78.17% | +4.43% |
Max Drawdown (1Y)Largest decline over 1 year | -14.54% | -6.29% | -8.25% |
Max Drawdown (3Y)Largest decline over 3 years | -20.37% | -17.78% | -2.59% |
Max Drawdown (5Y)Largest decline over 5 years | -25.61% | -17.78% | -7.83% |
Max Drawdown (10Y)Largest decline over 10 years | -68.59% | -77.04% | +8.45% |
Current DrawdownCurrent decline from peak | -8.87% | -2.62% | -6.25% |
Average DrawdownAverage peak-to-trough decline | -19.32% | -11.88% | -7.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.41% | 2.84% | +2.57% |
Volatility
IYE vs. TPZ - Volatility Comparison
iShares U.S. Energy ETF (IYE) has a higher volatility of 6.80% compared to Tortoise Electrification Infrastructure ETF (TPZ) at 3.93%. This indicates that IYE's price experiences larger fluctuations and is considered to be riskier than TPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYE | TPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.80% | 3.93% | +2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 16.26% | 10.82% | +5.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.45% | 13.79% | +6.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.58% | 17.69% | +7.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.50% | 27.70% | +1.80% |
IYE vs. TPZ - Expense Ratio Comparison
IYE has a 0.42% expense ratio, which is lower than TPZ's 0.85% expense ratio.
Dividends
IYE vs. TPZ - Dividend Comparison
IYE's dividend yield for the trailing twelve months is around 2.23%, less than TPZ's 3.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYE iShares U.S. Energy ETF | 2.23% | 2.85% | 2.75% | 2.99% | 3.37% | 2.98% | 4.75% | 6.60% | 3.16% | 2.66% | 2.11% | 3.39% |
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
IYE and TPZ have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYE has higher volatility (6.80%) compared to TPZ (3.93%). In terms of maximum drawdown, IYE dropped -73.74% vs TPZ's -78.17%.
On 10-year performance, TPZ leads with 8.71% vs 8.12% for IYE. On fees, IYE is cheaper at 0.42% per year. On volatility, TPZ has been the lower-risk option at 3.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, TPZ has performed better with a 8.71% return vs 8.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYE is cheaper with a 0.42% expense ratio, compared with 0.85% for TPZ.
TPZ has the higher dividend yield at 3.69%, compared with 2.23% for IYE.
They also come from different issuers: iShares and Tortoise. Their fees differ too: 0.42% for IYE and 0.85% for TPZ.
IYE currently has the higher Sharpe Ratio (1.64 vs 0.95), 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.
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