KYN vs. TPYP
KYN (Kayne Anderson Energy Infrastructure Fund) and TPYP (Tortoise North American Pipeline Fund) are both Energy Equities funds. KYN is actively managed, while TPYP is passively managed. Over the past 10 years, KYN returned 6.40%/yr vs 11.74%/yr for TPYP. A 0.75 correlation means they provide meaningful diversification when combined. KYN charges 2.00%/yr vs 0.40%/yr for TPYP.
Performance
KYN vs. TPYP - Performance Comparison
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Returns By Period
In the year-to-date period, KYN achieves a 13.11% return, which is significantly lower than TPYP's 20.05% return. Over the past 10 years, KYN has underperformed TPYP with an annualized return of 6.40%, while TPYP has yielded a comparatively higher 11.74% annualized return.
KYN
- 1D
- 1.66%
- 1M
- -4.22%
- YTD
- 13.11%
- 6M
- 16.98%
- 1Y
- 17.77%
- 3Y*
- 29.66%
- 5Y*
- 19.34%
- 10Y*
- 6.40%
TPYP
- 1D
- 1.24%
- 1M
- -4.81%
- YTD
- 20.05%
- 6M
- 21.48%
- 1Y
- 23.32%
- 3Y*
- 25.65%
- 5Y*
- 17.96%
- 10Y*
- 11.74%
KYN vs. TPYP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KYN Kayne Anderson Energy Infrastructure Fund | 13.11% | 5.34% | 60.45% | 13.19% | 20.50% | 44.21% | -51.60% | 11.52% | -19.35% | 7.33% |
TPYP Tortoise North American Pipeline Fund | 20.05% | 7.59% | 37.37% | 10.51% | 16.09% | 34.97% | -20.99% | 23.35% | -11.13% | 2.27% |
Correlation
The correlation between KYN and TPYP is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2015 | 0.75 |
The correlation between KYN and TPYP shifts across timeframes, from 0.64 (1 year) to 0.78 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
KYN vs. TPYP — Risk / Return Rank
KYN
TPYP
KYN vs. TPYP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kayne Anderson Energy Infrastructure Fund (KYN) 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.
| KYN | TPYP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.30 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 3.42 | -1.36 |
| Martin ratioReturn relative to average drawdown | 5.42 | 8.48 | -3.06 |
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Drawdowns
KYN vs. TPYP - Drawdown Comparison
The maximum KYN drawdown since its inception was -91.43%, which is greater than TPYP's maximum drawdown of -51.91%. Use the drawdown chart below to compare losses from any high point for KYN and TPYP.
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Drawdown Indicators
| KYN | TPYP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.43% | -51.91% | -39.52% |
Max Drawdown (1Y)Largest decline over 1 year | -8.64% | -6.84% | -1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -21.65% | -13.17% | -8.48% |
Max Drawdown (5Y)Largest decline over 5 years | -21.65% | -17.96% | -3.69% |
Max Drawdown (10Y)Largest decline over 10 years | -87.74% | -51.91% | -35.83% |
Current DrawdownCurrent decline from peak | -6.72% | -5.28% | -1.44% |
Average DrawdownAverage peak-to-trough decline | -26.90% | -7.88% | -19.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 2.76% | +0.53% |
Volatility
KYN vs. TPYP - Volatility Comparison
Kayne Anderson Energy Infrastructure Fund (KYN) and Tortoise North American Pipeline Fund (TPYP) have volatilities of 4.92% and 5.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KYN | TPYP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 5.08% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 12.70% | 10.33% | +2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.95% | 13.30% | +3.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.09% | 17.39% | +5.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.86% | 21.93% | +18.93% |
KYN vs. TPYP - Expense Ratio Comparison
KYN has a 2.00% expense ratio, which is higher than TPYP's 0.40% expense ratio.
Dividends
KYN vs. TPYP - Dividend Comparison
KYN's dividend yield for the trailing twelve months is around 7.34%, more than TPYP's 3.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KYN Kayne Anderson Energy Infrastructure Fund | 7.34% | 7.75% | 8.34% | 9.45% | 9.05% | 6.42% | 16.17% | 10.34% | 14.17% | 9.97% | 11.24% | 15.20% |
TPYP Tortoise North American Pipeline Fund | 3.25% | 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
KYN and TPYP have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TPYP has higher volatility (5.08%) compared to KYN (4.92%). In terms of maximum drawdown, KYN dropped -91.43% vs TPYP's -51.91%.
TPYP currently has the higher Sharpe Ratio (1.76 vs 1.05), 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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