PSCE vs. TNGY
PSCE (Invesco S&P SmallCap Energy ETF) and TNGY (Tortoise Energy Fund) are both Energy Equities funds. PSCE is passively managed, while TNGY is actively managed. A 0.61 correlation means they provide meaningful diversification when combined. PSCE charges 0.29%/yr vs 0.85%/yr for TNGY.
Performance
PSCE vs. TNGY - Performance Comparison
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Returns By Period
In the year-to-date period, PSCE achieves a 43.61% return, which is significantly higher than TNGY's 14.98% return.
PSCE
- 1D
- 0.90%
- 1M
- -4.11%
- YTD
- 43.61%
- 6M
- 35.01%
- 1Y
- 66.01%
- 3Y*
- 13.95%
- 5Y*
- 10.97%
- 10Y*
- -1.93%
TNGY
- 1D
- -0.19%
- 1M
- -3.25%
- YTD
- 14.98%
- 6M
- 11.66%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PSCE vs. TNGY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PSCE Invesco S&P SmallCap Energy ETF | 43.61% | 6.05% |
TNGY Tortoise Energy Fund | 14.98% | 1.81% |
Correlation
The correlation between PSCE and TNGY is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 17, 2025 | 0.61 |
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Return for Risk
PSCE vs. TNGY — Risk / Return Rank
PSCE
TNGY
PSCE vs. TNGY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Energy ETF (PSCE) 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.
| PSCE | TNGY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.38 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 7.05 | — | — |
| Martin ratioReturn relative to average drawdown | 17.65 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PSCE | TNGY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.48 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 1.14 | -1.22 |
Drawdowns
PSCE vs. TNGY - Drawdown Comparison
The maximum PSCE drawdown since its inception was -96.21%, which is greater than TNGY's maximum drawdown of -8.86%. Use the drawdown chart below to compare losses from any high point for PSCE and TNGY.
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Drawdown Indicators
| PSCE | TNGY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.21% | -8.86% | -87.35% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -44.57% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -45.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -90.70% | — | — |
Current DrawdownCurrent decline from peak | -74.48% | -4.10% | -70.38% |
Average DrawdownAverage peak-to-trough decline | -58.84% | -2.18% | -56.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | — | — |
Volatility
PSCE vs. TNGY - Volatility Comparison
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Volatility by Period
| PSCE | TNGY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.99% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 18.55% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 26.82% | 15.67% | +11.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.44% | 15.67% | +21.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.25% | 15.67% | +27.58% |
PSCE vs. TNGY - Expense Ratio Comparison
PSCE has a 0.29% expense ratio, which is lower than TNGY's 0.85% expense ratio.
Dividends
PSCE vs. TNGY - Dividend Comparison
PSCE's dividend yield for the trailing twelve months is around 1.82%, less than TNGY's 3.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSCE Invesco S&P SmallCap Energy ETF | 1.82% | 2.39% | 1.70% | 2.57% | 1.70% | 0.46% | 0.87% | 0.14% | 0.22% | 0.04% | 0.22% | 0.82% |
TNGY Tortoise Energy Fund | 3.42% | 2.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PSCE and TNGY have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PSCE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PSCE is cheaper with a 0.29% expense ratio, compared with 0.85% for TNGY.
TNGY has the higher dividend yield at 3.42%, compared with 1.82% for PSCE.
They also come from different issuers: Invesco and Tortoise Capital. Their fees differ too: 0.29% for PSCE and 0.85% for TNGY.
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