TBLU vs. EAGG
TBLU (Tortoise Global Water Fund) and EAGG (iShares ESG Aware US Aggregate Bond ETF) are both exchange-traded funds - TBLU is a Water Equities fund tracking the Tortoise Global Water ESG Net Total Return Index, while EAGG is a Intermediate Core Bond fund tracking the Bloomberg MSCI U.S. Aggregate ESG Focus Index. Both are passively managed. Over the past 5 years, TBLU returned 3.96%/yr vs -0.37%/yr for EAGG. Their 0.19 correlation means their historical movements had little consistent relationship. TBLU charges 0.40%/yr vs 0.10%/yr for EAGG.
Performance
TBLU vs. EAGG - Performance Comparison
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Returns By Period
In the year-to-date period, TBLU achieves a 4.97% return, which is significantly higher than EAGG's 0.02% return.
TBLU
- 1D
- 1.93%
- 1M
- 1.77%
- 6M
- -1.46%
- YTD
- 4.97%
- 1Y
- 2.81%
- 3Y*
- 10.79%
- 5Y*
- 3.96%
- 10Y*
- —
- ALL TIME*
- 10.11%
EAGG
- 1D
- 0.41%
- 1M
- -0.59%
- 6M
- -0.10%
- YTD
- 0.02%
- 1Y
- 2.35%
- 3Y*
- 4.08%
- 5Y*
- -0.37%
- 10Y*
- —
- ALL TIME*
- 1.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $13.94M | $13.93M | $18.74M | |
| $70.51K | $63.53K | $112.51K |
TBLU vs. EAGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TBLU Tortoise Global Water Fund | 4.97% | 11.82% | 8.54% | 20.95% | -25.99% | 28.93% | 15.74% | 38.72% | -5.25% |
EAGG iShares ESG Aware US Aggregate Bond ETF | 0.02% | 7.18% | 1.12% | 5.58% | -13.63% | -1.30% | 7.40% | 8.68% | 2.19% |
Correlation
The correlation between TBLU and EAGG is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.31 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2018 | 0.19 |
Over the past year, TBLU and EAGG have become more correlated (0.49) than their long-term average of 0.19, meaning their price movements have been converging.
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Return for Risk
TBLU vs. EAGG — Risk / Return Rank
TBLU
EAGG
TBLU vs. EAGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise Global Water Fund (TBLU) and iShares ESG Aware US Aggregate Bond ETF (EAGG). 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.
| TBLU | EAGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.11 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 0.86 | -0.64 |
| Martin ratioReturn relative to average drawdown | 0.43 | 2.14 | -1.71 |
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Drawdowns
TBLU vs. EAGG - Drawdown Comparison
The maximum TBLU drawdown since its inception was -37.58%, which is greater than EAGG's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for TBLU and EAGG.
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Drawdown Indicators
| TBLU | EAGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.58% | -18.74% | -18.84% |
Max Drawdown (1Y)Largest decline over 1 year | -13.17% | -2.75% | -10.42% |
Max Drawdown (3Y)Largest decline over 3 years | -15.42% | -5.06% | -10.36% |
Max Drawdown (5Y)Largest decline over 5 years | -35.36% | -17.87% | -17.49% |
Current DrawdownCurrent decline from peak | -5.37% | -3.02% | -2.35% |
Average DrawdownAverage peak-to-trough decline | -8.15% | -5.98% | -2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.55% | 1.10% | +5.45% |
Volatility
TBLU vs. EAGG - Volatility Comparison
Tortoise Global Water Fund (TBLU) has a higher volatility of 4.96% compared to iShares ESG Aware US Aggregate Bond ETF (EAGG) at 1.10%. This indicates that TBLU's price experiences larger fluctuations and is considered to be riskier than EAGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TBLU | EAGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 1.10% | +3.86% |
Volatility (6M)Calculated over the trailing 6-month period | 12.07% | 2.90% | +9.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.32% | 3.62% | +11.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.44% | 6.04% | +11.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.91% | 5.47% | +13.44% |
TBLU vs. EAGG - Expense Ratio Comparison
TBLU has a 0.40% expense ratio, which is higher than EAGG's 0.10% expense ratio.
Dividends
TBLU vs. EAGG - Dividend Comparison
TBLU's dividend yield for the trailing twelve months is around 3.37%, less than EAGG's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EAGG iShares ESG Aware US Aggregate Bond ETF | 4.05% | 3.92% | 3.93% | 3.24% | 2.07% | 1.09% | 1.82% | 3.17% | 0.61% | 0.00% |
TBLU Tortoise Global Water Fund | 3.37% | 3.31% | 1.34% | 1.46% | 1.64% | 1.55% | 1.42% | 1.58% | 1.35% | 1.32% |
Frequently Asked Questions
TBLU and EAGG have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TBLU has higher volatility (4.96%) compared to EAGG (1.10%). In terms of maximum drawdown, TBLU dropped -37.58% vs EAGG's -18.74%.
On 5-year performance, TBLU leads with 3.96% vs -0.37% for EAGG. On fees, EAGG is cheaper at 0.10% per year. On volatility, EAGG has been the lower-risk option at 1.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, TBLU has performed better with a 3.96% return vs -0.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EAGG is cheaper with a 0.10% expense ratio, compared with 0.40% for TBLU.
EAGG has the higher dividend yield at 4.05%, compared with 3.37% for TBLU.
TBLU is categorized as Water Equities, while EAGG is Intermediate Core Bond. TBLU tracks Tortoise Global Water ESG Net Total Return Index, while EAGG tracks Bloomberg MSCI U.S. Aggregate ESG Focus Index. They also come from different issuers: Tortoise and iShares. Their fees differ too: 0.40% for TBLU and 0.10% for EAGG.
EAGG currently has the higher Sharpe Ratio (0.65 vs 0.18), 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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