MLPI vs. TNGY

Last updated Apr 1, 2026

Compare and contrast key facts about Neos MLP & Energy Infrastructure High Income ETF (MLPI) and Tortoise Energy Fund (TNGY).

MLPI and TNGY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MLPI is an actively managed fund by Neos. It was launched on Dec 17, 2025. TNGY is an actively managed fund by Tortoise Capital. It was launched on Jun 16, 2025.

Performance

MLPI vs. TNGY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neos MLP & Energy Infrastructure High Income ETF (MLPI) and Tortoise Energy Fund (TNGY). The values are adjusted to include any dividend payments, if applicable.

MLPI vs. TNGY - Yearly Performance Comparison

	2026 (YTD)	2025
MLPI Neos MLP & Energy Infrastructure High Income ETF	17.27%	0.56%
TNGY Tortoise Energy Fund	16.66%	2.55%

Returns By Period

The year-to-date returns for both stocks are quite close, with MLPI having a 17.27% return and TNGY slightly lower at 16.66%.

MLPI

• 1D: -0.40%
• 1M: 3.16%
• YTD: 17.27%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TNGY

• 1D: -1.14%
• 1M: 3.70%
• YTD: 16.66%
• 6M: 17.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MLPI vs. TNGY - Expense Ratio Comparison

MLPI has a 0.68% expense ratio, which is lower than TNGY's 0.85% expense ratio.

TNGY

Tortoise Energy Fund

MLPI

Neos MLP & Energy Infrastructure High Income ETF

Return for Risk

MLPI vs. TNGY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neos MLP & Energy Infrastructure High Income ETF (MLPI) and Tortoise Energy Fund (TNGY). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MLPI	TNGY	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	7.48	1.75	+5.73

Correlation

The correlation between MLPI and TNGY is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

MLPI vs. TNGY - Dividend Comparison

MLPI's dividend yield for the trailing twelve months is around 3.49%, more than TNGY's 3.37% yield.

	TTM	2025
MLPI Neos MLP & Energy Infrastructure High Income ETF	3.49%	0.00%
TNGY Tortoise Energy Fund	3.37%	2.59%

Drawdowns

MLPI vs. TNGY - Drawdown Comparison

The maximum MLPI drawdown since its inception was -2.78%, smaller than the maximum TNGY drawdown of -5.30%. Use the drawdown chart below to compare losses from any high point for MLPI and TNGY.

Drawdown Indicators

	MLPI	TNGY	Difference
Max Drawdown Largest peak-to-trough decline	-2.78%	-5.30%	+2.52%
Current Drawdown Current decline from peak	-1.19%	-2.71%	+1.52%
Average Drawdown Average peak-to-trough decline	-0.60%	-1.57%	+0.97%

Volatility

Volatility by Period

	MLPI	TNGY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.12%	13.98%	-2.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.12%	13.98%	-2.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.12%	13.98%	-2.86%