SHEH vs. TPZ

Last updated Jul 17, 2026

SHEH (Shell plc ADRhedged ETF) and TPZ (Tortoise Electrification Infrastructure ETF) are both Energy Equities funds. SHEH is passively managed, while TPZ is actively managed. Over the past year, SHEH returned 22.99% vs 13.35% for TPZ. At a 0.25 correlation, their price movements are largely independent. SHEH charges 0.19%/yr vs 0.85%/yr for TPZ.

Performance

SHEH vs. TPZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Shell plc ADRhedged ETF (SHEH) and Tortoise Electrification Infrastructure ETF (TPZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SHEH achieves a 16.83% return, which is significantly higher than TPZ's 10.28% return.

SHEH

• 1D: 0.94%
• 1M: 3.01%
• 6M: 16.16%
• YTD: 16.83%
• 1Y: 22.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TPZ

• 1D: 0.03%
• 1M: 2.16%
• 6M: 7.44%
• YTD: 10.28%
• 1Y: 13.35%
• 3Y*: 25.21%
• 5Y*: 18.00%
• 10Y*: 8.62%

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

SHEH vs. TPZ - Yearly Performance Comparison

	2026 (YTD)	2025
SHEH Shell plc ADRhedged ETF	16.83%	12.63%
TPZ Tortoise Electrification Infrastructure ETF	10.28%	8.85%

Correlation

The correlation between SHEH and TPZ is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	0.25

Return for Risk

SHEH vs. TPZ — Risk / Return Rank

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

SHEH

SHEH Risk / Return Rank: 35
SHEH Sharpe Ratio Rank: 38
SHEH Sortino Ratio Rank: 36
SHEH Omega Ratio Rank: 36
SHEH Calmar Ratio Rank: 32
SHEH Martin Ratio Rank: 32

TPZ

TPZ Risk / Return Rank: 37
TPZ Sharpe Ratio Rank: 33
TPZ Sortino Ratio Rank: 32
TPZ Omega Ratio Rank: 30
TPZ Calmar Ratio Rank: 52
TPZ Martin Ratio Rank: 38

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.

SHEH vs. TPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shell plc ADRhedged ETF (SHEH) and Tortoise Electrification Infrastructure ETF (TPZ). 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.

	SHEH	TPZ	Difference
Sharpe ratio: Return per unit of total volatility	1.12	0.97	+0.15
Sortino ratio: Return per unit of downside risk	1.60	1.43	+0.17
Omega ratio: Gain probability vs. loss probability	1.20	1.17	+0.03
Calmar ratio: Return relative to maximum drawdown	1.32	2.13	-0.82
Martin ratio: Return relative to average drawdown	3.67	4.70	-1.03

SHEH vs. TPZ - Sharpe Ratio Comparison

The current SHEH Sharpe Ratio is 1.12, which is comparable to the TPZ Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of SHEH and TPZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SHEH vs. TPZ - Drawdown Comparison

The maximum SHEH drawdown since its inception was -17.53%, smaller than the maximum TPZ drawdown of -78.17%. Use the drawdown chart below to compare losses from any high point for SHEH and TPZ.

Drawdown Indicators

	SHEH	TPZ	Difference
Max Drawdown Largest peak-to-trough decline	-17.53%	-78.17%	+60.64%
Max Drawdown (1Y) Largest decline over 1 year	-17.53%	-6.29%	-11.24%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.78%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.78%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-77.04%	—
Current Drawdown Current decline from peak	-9.92%	-2.59%	-7.33%
Average Drawdown Average peak-to-trough decline	-4.06%	-11.88%	+7.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.27%	2.84%	+3.43%

Volatility

SHEH vs. TPZ - Volatility Comparison

Shell plc ADRhedged ETF (SHEH) has a higher volatility of 6.75% compared to Tortoise Electrification Infrastructure ETF (TPZ) at 3.91%. This indicates that SHEH's price experiences larger fluctuations and is considered to be riskier than TPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHEH	TPZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.75%	3.91%	+2.84%
Volatility (6M) Calculated over the trailing 6-month period	17.30%	10.78%	+6.52%
Volatility (1Y) Calculated over the trailing 1-year period	20.60%	13.76%	+6.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.47%	17.69%	+2.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.47%	27.70%	-7.23%

SHEH vs. TPZ - Expense Ratio Comparison

SHEH has a 0.19% expense ratio, which is lower than TPZ's 0.85% expense ratio.

Dividends

SHEH vs. TPZ - Dividend Comparison

SHEH's dividend yield for the trailing twelve months is around 1.99%, less than TPZ's 3.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SHEH Shell plc ADRhedged ETF	1.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TPZ Tortoise Electrification Infrastructure ETF	3.69%	3.99%	5.88%	8.99%	9.52%	4.77%	8.80%	8.84%	9.41%	7.28%	6.88%	9.68%

Frequently Asked Questions

Can I hold both SHEH and TPZ in my portfolio?

SHEH and TPZ have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHEH or TPZ?

SHEH has higher volatility (6.75%) compared to TPZ (3.91%). In terms of maximum drawdown, SHEH dropped -17.53% vs TPZ's -78.17%.

Which ETF is better, SHEH or TPZ?

On 1-year performance, SHEH leads with 22.99% vs 13.35% for TPZ. On fees, SHEH is cheaper at 0.19% per year. On volatility, TPZ has been the lower-risk option at 3.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SHEH or TPZ?

Over the 1-year period, SHEH has performed better with a 22.99% return vs 13.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHEH or TPZ?

SHEH is cheaper with a 0.19% expense ratio, compared with 0.85% for TPZ.

Which ETF pays a higher dividend yield, SHEH or TPZ?

TPZ has the higher dividend yield at 3.69%, compared with 1.99% for SHEH.

What is the main difference between SHEH and TPZ?

They also come from different issuers: ADRhedged and Tortoise. Their fees differ too: 0.19% for SHEH and 0.85% for TPZ.

Which has better risk-adjusted returns?

SHEH currently has the higher Sharpe Ratio (1.12 vs 0.97), 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.