PLTY vs. TPYP
PLTY (YieldMax PLTR Option Income Strategy ETF) and TPYP (Tortoise North American Pipeline Fund) are both exchange-traded funds - PLTY is a Derivative Income fund actively managed by YieldMax, while TPYP is a Energy Equities fund tracking the Tortoise North American Pipeline Index. PLTY is actively managed, while TPYP is passively managed. Over the past year, PLTY returned -14.92% vs 24.89% for TPYP. At a 0.10 correlation, their price movements are largely independent. PLTY charges 0.99%/yr vs 0.40%/yr for TPYP.
Performance
PLTY vs. TPYP - Performance Comparison
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Returns By Period
In the year-to-date period, PLTY achieves a -26.92% return, which is significantly lower than TPYP's 21.62% return.
PLTY
- 1D
- -2.42%
- 1M
- -12.09%
- YTD
- -26.92%
- 6M
- -32.83%
- 1Y
- -14.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TPYP
- 1D
- 1.30%
- 1M
- -3.57%
- YTD
- 21.62%
- 6M
- 21.85%
- 1Y
- 24.89%
- 3Y*
- 26.20%
- 5Y*
- 18.21%
- 10Y*
- 11.89%
PLTY vs. TPYP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PLTY YieldMax PLTR Option Income Strategy ETF | -26.92% | 78.06% | 52.50% |
TPYP Tortoise North American Pipeline Fund | 21.62% | 7.59% | 6.72% |
Correlation
The correlation between PLTY and TPYP is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2024 | 0.10 |
The correlation between PLTY and TPYP shifts across timeframes, from -0.09 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PLTY vs. TPYP — Risk / Return Rank
PLTY
TPYP
PLTY vs. TPYP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax PLTR Option Income Strategy ETF (PLTY) 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.
| PLTY | TPYP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.22 | ||
| Sortino ratioReturn per unit of downside risk | -2.82 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.32 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 3.66 | -4.06 |
| Martin ratioReturn relative to average drawdown | -0.79 | 9.01 | -9.80 |
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Drawdowns
PLTY vs. TPYP - Drawdown Comparison
The maximum PLTY drawdown since its inception was -36.62%, smaller than the maximum TPYP drawdown of -51.91%. Use the drawdown chart below to compare losses from any high point for PLTY and TPYP.
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Drawdown Indicators
| PLTY | TPYP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.62% | -51.91% | +15.29% |
Max Drawdown (1Y)Largest decline over 1 year | -36.62% | -6.84% | -29.78% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.17% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.91% | — |
Current DrawdownCurrent decline from peak | -36.62% | -4.04% | -32.58% |
Average DrawdownAverage peak-to-trough decline | -13.27% | -7.88% | -5.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.00% | 2.77% | +16.23% |
Volatility
PLTY vs. TPYP - Volatility Comparison
YieldMax PLTR Option Income Strategy ETF (PLTY) has a higher volatility of 16.40% compared to Tortoise North American Pipeline Fund (TPYP) at 5.29%. This indicates that PLTY'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.
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Volatility by Period
| PLTY | TPYP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.40% | 5.29% | +11.11% |
Volatility (6M)Calculated over the trailing 6-month period | 32.73% | 10.38% | +22.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.35% | 13.33% | +30.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.67% | 17.40% | +35.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.67% | 21.93% | +30.74% |
PLTY vs. TPYP - Expense Ratio Comparison
PLTY has a 0.99% expense ratio, which is higher than TPYP's 0.40% expense ratio.
Dividends
PLTY vs. TPYP - Dividend Comparison
PLTY's dividend yield for the trailing twelve months is around 125.34%, more than TPYP's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PLTY YieldMax PLTR Option Income Strategy ETF | 125.34% | 112.44% | 7.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TPYP Tortoise North American Pipeline Fund | 3.21% | 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
PLTY and TPYP have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLTY has higher volatility (16.40%) compared to TPYP (5.29%). In terms of maximum drawdown, PLTY dropped -36.62% vs TPYP's -51.91%.
On 1-year performance, TPYP leads with 24.89% vs -14.92% for PLTY. On fees, TPYP is cheaper at 0.40% per year. On volatility, TPYP has been the lower-risk option at 5.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TPYP has performed better with a 24.89% return vs -14.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TPYP is cheaper with a 0.40% expense ratio, compared with 0.99% for PLTY.
PLTY has the higher dividend yield at 125.34%, compared with 3.21% for TPYP.
PLTY is categorized as Derivative Income, while TPYP is Energy Equities. They also come from different issuers: YieldMax and Tortoise. Their fees differ too: 0.99% for PLTY and 0.40% for TPYP.
TPYP currently has the higher Sharpe Ratio (1.88 vs -0.35), 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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