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TBLU vs. XJH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TBLU vs. XJH

Last updated Jul 16, 2026
Documentation

TBLU (Tortoise Global Water Fund) and XJH (iShares ESG Screened S&P Mid-Cap ETF) are both exchange-traded funds - TBLU is a Water Equities fund tracking the Tortoise Global Water ESG Net Total Return Index, while XJH is a Mid Cap Blend Equities fund tracking the S&P MidCap 400 Sustainability Screened Index. Both are passively managed. Over the past 5 years, TBLU returned 4.43%/yr vs 8.74%/yr for XJH. A 0.78 correlation means they provide meaningful diversification when combined. TBLU charges 0.40%/yr vs 0.12%/yr for XJH.

Performance

TBLU vs. XJH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tortoise Global Water Fund (TBLU) and iShares ESG Screened S&P Mid-Cap ETF (XJH). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TBLU achieves a 1.99% return, which is significantly lower than XJH's 15.32% return.

TBLU

1D
-0.37%
1M
2.24%
6M
-2.46%
YTD
1.99%
1Y
0.83%
3Y*
9.28%
5Y*
4.43%
10Y*
—

XJH

1D
0.06%
1M
-0.16%
6M
9.94%
YTD
15.32%
1Y
23.92%
3Y*
13.60%
5Y*
8.74%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

TBLU vs. XJH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
TBLU
Tortoise Global Water Fund		1.99%11.82%8.54%20.95%-25.99%28.93%17.93%
XJH
iShares ESG Screened S&P Mid-Cap ETF		15.32%8.12%12.27%16.74%-14.36%23.43%29.59%

Correlation

The correlation between TBLU and XJH is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.74

Correlation (3Y)
Calculated over the trailing 3-year period

0.78

Correlation (5Y)
Calculated over the trailing 5-year period

0.79

Correlation (All Time)
Calculated using the full available price history since Sep 24, 2020

0.78

The correlation between TBLU and XJH has been stable across timeframes, ranging from 0.74 to 0.79 - a consistent structural relationship.

TBLU vs. XJH - Sectors Allocation Comparison

Sectors
TBLU
XJH

Industrials

65.7%
25.7%

Utilities

24.1%
1.5%

Basic Materials

7.4%
5.8%

Consumer Defensive

1.0%
4.2%

Consumer Cyclical

0.7%
9.7%

Technology

0.6%
16.4%

Energy

0.5%
3.5%

Communication Services

-

1.1%

Financial Services

-

14.0%

Healthcare

-

9.7%

Real Estate

-

8.1%

Industrials

TBLU
65.7%
XJH
25.7%

Utilities

TBLU
24.1%
XJH
1.5%

Basic Materials

TBLU
7.4%
XJH
5.8%

Consumer Defensive

TBLU
1.0%
XJH
4.2%

Consumer Cyclical

TBLU
0.7%
XJH
9.7%

Technology

TBLU
0.6%
XJH
16.4%

Energy

TBLU
0.5%
XJH
3.5%

Communication Services

TBLU

-

XJH
1.1%

Financial Services

TBLU

-

XJH
14.0%

Healthcare

TBLU

-

XJH
9.7%

Real Estate

TBLU

-

XJH
8.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Tortoise Global Water Fund

iShares ESG Screened S&P Mid-Cap ETF

Often compared with TBLU:
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Often compared with XJH:
XJH vs. XJRXJH vs. XMMOXJH vs. NUMVXJH vs. IJHXJH vs. NUMGXJH vs. MDYXJH vs. SUSL

Return for Risk

TBLU vs. XJH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TBLU
TBLU Risk / Return Rank: 1010
Overall Rank
TBLU Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
TBLU Sortino Ratio Rank: 99
Sortino Ratio Rank
TBLU Omega Ratio Rank: 99
Omega Ratio Rank
TBLU Calmar Ratio Rank: 1010
Calmar Ratio Rank
TBLU Martin Ratio Rank: 1010
Martin Ratio Rank
XJH
XJH Risk / Return Rank: 5757
Overall Rank
XJH Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
XJH Sortino Ratio Rank: 5656
Sortino Ratio Rank
XJH Omega Ratio Rank: 5050
Omega Ratio Rank
XJH Calmar Ratio Rank: 6262
Calmar Ratio Rank
XJH Martin Ratio Rank: 6464
Martin Ratio Rank
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.

TBLU vs. XJH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tortoise Global Water Fund (TBLU) and iShares ESG Screened S&P Mid-Cap ETF (XJH). 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.

TBLUXJHDifference
Sharpe ratioReturn per unit of total volatility
0.06
1.47

-1.41

Sortino ratioReturn per unit of downside risk
0.19
2.19

-2.00

Omega ratioGain probability vs. loss probability

1.02

1.26

-0.24

Calmar ratioReturn relative to maximum drawdown

0.06

2.50

-2.44

Martin ratioReturn relative to average drawdown

0.13

9.18

-9.05

TBLU vs. XJH - Sharpe Ratio Comparison

The current TBLU Sharpe Ratio is 0.06, which is lower than the XJH Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of TBLU and XJH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

TBLU vs. XJH - Drawdown Comparison

The maximum TBLU drawdown since its inception was -37.58%, which is greater than XJH's maximum drawdown of -25.07%. Use the drawdown chart below to compare losses from any high point for TBLU and XJH.

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Drawdown Indicators

TBLUXJHDifference

Max Drawdown

Largest peak-to-trough decline

-37.58%

-25.07%

-12.51%

Max Drawdown (1Y)

Largest decline over 1 year

-13.17%

-9.61%

-3.56%

Max Drawdown (3Y)

Largest decline over 3 years

-15.42%

-24.56%

+9.14%

Max Drawdown (5Y)

Largest decline over 5 years

-35.36%

-25.07%

-10.29%

Current Drawdown

Current decline from peak

-8.06%

-1.71%

-6.35%

Average Drawdown

Average peak-to-trough decline

-8.16%

-6.71%

-1.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.28%

2.61%

+3.67%

Volatility

TBLU vs. XJH - Volatility Comparison

Tortoise Global Water Fund (TBLU) has a higher volatility of 4.10% compared to iShares ESG Screened S&P Mid-Cap ETF (XJH) at 3.48%. This indicates that TBLU's price experiences larger fluctuations and is considered to be riskier than XJH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TBLUXJHDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.10%

3.48%

+0.62%

Volatility (6M)

Calculated over the trailing 6-month period

11.91%

12.27%

-0.36%

Volatility (1Y)

Calculated over the trailing 1-year period

14.84%

16.48%

-1.64%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.38%

19.93%

-2.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.92%

19.80%

-0.88%

TBLU vs. XJH - Expense Ratio Comparison

TBLU has a 0.40% expense ratio, which is higher than XJH's 0.12% expense ratio.

Dividends

TBLU vs. XJH - Dividend Comparison

TBLU's dividend yield for the trailing twelve months is around 3.47%, more than XJH's 1.08% yield.

PositionTTM202520242023202220212020201920182017
TBLU
Tortoise Global Water Fund		3.47%3.31%1.34%1.46%1.64%1.55%1.42%1.58%1.35%1.32%
XJH
iShares ESG Screened S&P Mid-Cap ETF		1.08%1.24%1.24%1.38%1.45%1.04%0.36%0.00%0.00%0.00%

Frequently Asked Questions

TBLU and XJH have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TBLU has higher volatility (4.10%) compared to XJH (3.48%). In terms of maximum drawdown, TBLU dropped -37.58% vs XJH's -25.07%.

On 5-year performance, XJH leads with 8.74% vs 4.43% for TBLU. On fees, XJH is cheaper at 0.12% per year. On volatility, XJH has been the lower-risk option at 3.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, XJH has performed better with a 8.74% return vs 4.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

XJH is cheaper with a 0.12% expense ratio, compared with 0.40% for TBLU.

TBLU has the higher dividend yield at 3.47%, compared with 1.08% for XJH.

TBLU is categorized as Water Equities, while XJH is Mid Cap Blend Equities. TBLU tracks Tortoise Global Water ESG Net Total Return Index, while XJH tracks S&P MidCap 400 Sustainability Screened Index. They also come from different issuers: Tortoise and iShares. Their fees differ too: 0.40% for TBLU and 0.12% for XJH.

XJH currently has the higher Sharpe Ratio (1.47 vs 0.06), 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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