RNWZ vs. TPYP
Compare and contrast key facts about TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) and Tortoise North American Pipeline Fund (TPYP).
RNWZ and TPYP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RNWZ is an actively managed fund by TrueShares. It was launched on Dec 7, 2022. TPYP is a passively managed fund by Tortoise that tracks the performance of the Tortoise North American Pipeline Index. It was launched on Jun 30, 2015.
Performance
RNWZ vs. TPYP - Performance Comparison
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RNWZ vs. TPYP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RNWZ TrueShares Eagle Global Renewable Energy Income ETF | 16.02% | 36.33% | -7.36% | -3.89% | -0.19% |
TPYP Tortoise North American Pipeline Fund | 20.98% | 7.59% | 37.37% | 10.51% | 0.50% |
Returns By Period
In the year-to-date period, RNWZ achieves a 16.02% return, which is significantly lower than TPYP's 20.98% return.
RNWZ
- 1D
- 2.24%
- 1M
- 0.71%
- YTD
- 16.02%
- 6M
- 25.57%
- 1Y
- 47.86%
- 3Y*
- 12.20%
- 5Y*
- —
- 10Y*
- —
TPYP
- 1D
- -1.05%
- 1M
- 2.89%
- YTD
- 20.98%
- 6M
- 18.25%
- 1Y
- 20.82%
- 3Y*
- 25.55%
- 5Y*
- 21.03%
- 10Y*
- 13.45%
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RNWZ vs. TPYP - Expense Ratio Comparison
RNWZ has a 0.75% expense ratio, which is higher than TPYP's 0.40% expense ratio.
Return for Risk
RNWZ vs. TPYP — Risk / Return Rank
RNWZ
TPYP
RNWZ vs. TPYP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) 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.
| RNWZ | TPYP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.85 | 1.26 | +1.59 |
Sortino ratioReturn per unit of downside risk | 3.65 | 1.64 | +2.02 |
Omega ratioGain probability vs. loss probability | 1.54 | 1.25 | +0.29 |
Calmar ratioReturn relative to maximum drawdown | 4.79 | 1.60 | +3.20 |
Martin ratioReturn relative to average drawdown | 19.98 | 5.57 | +14.41 |
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
| RNWZ | TPYP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.85 | 1.26 | +1.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.22 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.44 | +0.21 |
Correlation
The correlation between RNWZ and TPYP is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
RNWZ vs. TPYP - Dividend Comparison
RNWZ's dividend yield for the trailing twelve months is around 1.93%, less than TPYP's 3.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNWZ TrueShares Eagle Global Renewable Energy Income ETF | 1.93% | 2.12% | 2.36% | 3.87% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TPYP Tortoise North American Pipeline Fund | 3.23% | 3.91% | 3.95% | 4.83% | 4.48% | 4.86% | 6.14% | 4.45% | 4.58% | 3.71% | 3.49% | 2.56% |
Drawdowns
RNWZ vs. TPYP - Drawdown Comparison
The maximum RNWZ drawdown since its inception was -24.90%, smaller than the maximum TPYP drawdown of -51.91%. Use the drawdown chart below to compare losses from any high point for RNWZ and TPYP.
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Drawdown Indicators
| RNWZ | TPYP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.90% | -51.91% | +27.01% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -13.17% | +3.19% |
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 | 0.00% | -1.65% | +1.65% |
Average DrawdownAverage peak-to-trough decline | -7.44% | -7.97% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 3.77% | -1.37% |
Volatility
RNWZ vs. TPYP - Volatility Comparison
TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) has a higher volatility of 6.69% compared to Tortoise North American Pipeline Fund (TPYP) at 3.19%. This indicates that RNWZ'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
| RNWZ | TPYP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.69% | 3.19% | +3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 10.83% | 8.94% | +1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.85% | 16.59% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.88% | 17.32% | -0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.88% | 21.96% | -5.08% |