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TCAI vs. TPYP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TCAI vs. TPYP

Last updated Jun 4, 2026

TCAI (Tortoise AI Infrastructure ETF) and TPYP (Tortoise North American Pipeline Fund) are both exchange-traded funds - TCAI is a Technology Equities fund actively managed by Tortoise, while TPYP is a Energy Equities fund tracking the Tortoise North American Pipeline Index. TCAI is actively managed, while TPYP is passively managed. At a 0.02 correlation, their price movements are largely independent. TCAI charges 0.65%/yr vs 0.40%/yr for TPYP.

Performance

TCAI vs. TPYP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tortoise AI Infrastructure ETF (TCAI) and Tortoise North American Pipeline Fund (TPYP). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, TCAI achieves a 89.63% return, which is significantly higher than TPYP's 20.07% return.

TCAI

1D
-0.27%
1M
19.58%
YTD
89.63%
6M
85.78%
1Y
—
3Y*
—
5Y*
—
10Y*
—

TPYP

1D
-0.04%
1M
-2.82%
YTD
20.07%
6M
19.62%
1Y
21.07%
3Y*
25.01%
5Y*
17.73%
10Y*
11.93%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TCAI vs. TPYP - Yearly Performance Comparison

2026 (YTD)2025
TCAI
Tortoise AI Infrastructure ETF		89.63%17.77%
TPYP
Tortoise North American Pipeline Fund		20.07%1.51%

Correlation

The correlation between TCAI and TPYP is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (All Time)
Calculated using the full available price history since Aug 6, 2025

0.02

TCAI vs. TPYP - Sectors Allocation Comparison

Sectors
TCAI
TPYP

Technology

44.0%

-

Industrials

29.9%

-

Utilities

11.1%
22.0%

Financial Services

6.4%
2.4%

Energy

6.1%
68.8%

Consumer Cyclical

1.4%

-

Communication Services

1.1%

-

Real Estate

0.6%

-

Basic Materials

-

0.1%

Consumer Defensive

-

-

Healthcare

-

-

Technology

TCAI
44.0%
TPYP

-

Industrials

TCAI
29.9%
TPYP

-

Utilities

TCAI
11.1%
TPYP
22.0%

Financial Services

TCAI
6.4%
TPYP
2.4%

Energy

TCAI
6.1%
TPYP
68.8%

Consumer Cyclical

TCAI
1.4%
TPYP

-

Communication Services

TCAI
1.1%
TPYP

-

Real Estate

TCAI
0.6%
TPYP

-

Basic Materials

TCAI

-

TPYP
0.1%

Consumer Defensive

TCAI

-

TPYP

-

Healthcare

TCAI

-

TPYP

-

Compare stocks, funds, or ETFs

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

Tortoise AI Infrastructure ETF

Tortoise North American Pipeline Fund

Often compared with TCAI:
TCAI vs. AIPOTCAI vs. DTCRTCAI vs. AISTCAI vs. AIFDTCAI vs. ARTYTCAI vs. CHATTCAI vs. PWRD
Often compared with TPYP:
TPYP vs. AMLPTPYP vs. ENFRTPYP vs. MLPXTPYP vs. UMITPYP vs. KYNTPYP vs. TORIXTPYP vs. VOO

Return for Risk

TCAI vs. TPYP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TCAI
TPYP
TPYP Risk / Return Rank: 4949
Overall Rank
TPYP Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
TPYP Sortino Ratio Rank: 4444
Sortino Ratio Rank
TPYP Omega Ratio Rank: 4242
Omega Ratio Rank
TPYP Calmar Ratio Rank: 6262
Calmar Ratio Rank
TPYP Martin Ratio Rank: 4949
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.

TCAI vs. TPYP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tortoise AI Infrastructure ETF (TCAI) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

TCAI vs. TPYP - Sharpe Ratio Comparison

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Sharpe Ratios by Period

TCAITPYPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

1.61

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

1.02

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.55

—

Sharpe Ratio (All Time)

Calculated using the full available price history

4.61

0.43

+4.18

Drawdowns

TCAI vs. TPYP - Drawdown Comparison

The maximum TCAI drawdown since its inception was -15.80%, smaller than the maximum TPYP drawdown of -51.91%. Use the drawdown chart below to compare losses from any high point for TCAI and TPYP.

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Drawdown Indicators

TCAITPYPDifference

Max Drawdown

Largest peak-to-trough decline

-15.80%

-51.91%

+36.11%

Max Drawdown (1Y)

Largest decline over 1 year

—

-6.84%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-13.17%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-17.96%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-51.91%

—

Current Drawdown

Current decline from peak

-0.27%

-5.27%

+5.00%

Average Drawdown

Average peak-to-trough decline

-3.43%

-7.89%

+4.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.56%

—

Volatility

TCAI vs. TPYP - Volatility Comparison

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Volatility by Period

TCAITPYPDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

5.67%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

10.29%

—

Volatility (1Y)

Calculated over the trailing 1-year period

35.82%

13.16%

+22.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

35.82%

17.45%

+18.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

35.82%

21.94%

+13.88%

TCAI vs. TPYP - Expense Ratio Comparison

TCAI has a 0.65% expense ratio, which is higher than TPYP's 0.40% expense ratio.

Dividends

TCAI vs. TPYP - Dividend Comparison

TCAI's dividend yield for the trailing twelve months is around 0.03%, less than TPYP's 3.25% yield.

PositionTTM20252024202320222021202020192018201720162015
TCAI
Tortoise AI Infrastructure ETF		0.03%0.05%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
TPYP
Tortoise North American Pipeline Fund		3.25%3.91%3.95%4.83%4.48%4.86%6.14%4.45%4.58%3.71%3.49%2.56%

Frequently Asked Questions

TCAI and TPYP have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, TPYP is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

TPYP is cheaper with a 0.40% expense ratio, compared with 0.65% for TCAI.

TPYP has the higher dividend yield at 3.25%, compared with 0.03% for TCAI.

TCAI is categorized as Technology Equities, while TPYP is Energy Equities. Their fees differ too: 0.65% for TCAI and 0.40% for TPYP.

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