MLPI vs. TYG

Last updated Apr 1, 2026

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

MLPI is an actively managed fund by Neos. It was launched on Dec 17, 2025. TYG is an actively managed fund by Tortoise.

Performance

MLPI vs. TYG - 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 Infrastructure Closed Fund (TYG). The values are adjusted to include any dividend payments, if applicable.

MLPI vs. TYG - Yearly Performance Comparison

	2026 (YTD)	2025
MLPI Neos MLP & Energy Infrastructure High Income ETF	17.27%	0.56%
TYG Tortoise Energy Infrastructure Closed Fund	25.59%	0.80%

Returns By Period

In the year-to-date period, MLPI achieves a 17.27% return, which is significantly lower than TYG's 25.59% return.

MLPI

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

TYG

• 1D: -0.24%
• 1M: 1.04%
• YTD: 25.59%
• 6M: 22.94%
• 1Y: 29.72%
• 3Y*: 31.98%
• 5Y*: 25.76%
• 10Y*: 2.35%

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

MLPI vs. TYG - Expense Ratio Comparison

MLPI has a 0.68% expense ratio, which is lower than TYG's 2.90% expense ratio.

TYG

Tortoise Energy Infrastructure Closed Fund

MLPI

Neos MLP & Energy Infrastructure High Income ETF

Return for Risk

MLPI vs. TYG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TYG

TYG Risk / Return Rank: 72
TYG Sharpe Ratio Rank: 75
TYG Sortino Ratio Rank: 73
TYG Omega Ratio Rank: 74
TYG Calmar Ratio Rank: 69
TYG Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MLPI vs. TYG - 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 Infrastructure Closed Fund (TYG). 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	TYG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.33	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.09	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	7.48	0.11	+7.38

Correlation

The correlation between MLPI and TYG is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MLPI vs. TYG - Dividend Comparison

MLPI's dividend yield for the trailing twelve months is around 3.49%, less than TYG's 9.89% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MLPI Neos MLP & Energy Infrastructure High Income ETF	3.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TYG Tortoise Energy Infrastructure Closed Fund	9.89%	11.25%	7.96%	9.87%	8.94%	5.27%	10.85%	14.61%	13.17%	9.01%	8.54%	13.95%

Drawdowns

MLPI vs. TYG - Drawdown Comparison

The maximum MLPI drawdown since its inception was -2.78%, smaller than the maximum TYG drawdown of -95.34%. Use the drawdown chart below to compare losses from any high point for MLPI and TYG.

Drawdown Indicators

	MLPI	TYG	Difference
Max Drawdown Largest peak-to-trough decline	-2.78%	-95.34%	+92.56%
Max Drawdown (1Y) Largest decline over 1 year	—	-18.76%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.08%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-94.98%	—
Current Drawdown Current decline from peak	-1.19%	-28.36%	+27.17%
Average Drawdown Average peak-to-trough decline	-0.60%	-29.40%	+28.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.42%	—

Volatility

Volatility by Period

	MLPI	TYG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.12%	22.42%	-11.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.12%	23.76%	-12.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.12%	51.23%	-40.11%