TNGY vs. AMJB
TNGY (Tortoise Energy Fund) and AMJB (Alerian MLP Index ETN) are both Energy Equities funds. TNGY is actively managed, while AMJB is passively managed. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.85% expense ratio.
Performance
TNGY vs. AMJB - Performance Comparison
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Returns By Period
In the year-to-date period, TNGY achieves a 15.21% return, which is significantly lower than AMJB's 17.69% return.
TNGY
- 1D
- 0.39%
- 1M
- -3.15%
- YTD
- 15.21%
- 6M
- 12.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AMJB
- 1D
- 1.62%
- 1M
- -1.98%
- YTD
- 17.69%
- 6M
- 15.52%
- 1Y
- 15.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TNGY vs. AMJB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TNGY Tortoise Energy Fund | 15.21% | 1.81% |
AMJB Alerian MLP Index ETN | 17.69% | -2.06% |
Correlation
The correlation between TNGY and AMJB is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 17, 2025 | 0.54 |
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Return for Risk
TNGY vs. AMJB — Risk / Return Rank
TNGY
AMJB
TNGY vs. AMJB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise Energy Fund (TNGY) and Alerian MLP Index ETN (AMJB). 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.
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Sharpe Ratios by Period
| TNGY | AMJB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 0.70 | +0.45 |
Drawdowns
TNGY vs. AMJB - Drawdown Comparison
The maximum TNGY drawdown since its inception was -8.86%, smaller than the maximum AMJB drawdown of -17.70%. Use the drawdown chart below to compare losses from any high point for TNGY and AMJB.
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Drawdown Indicators
| TNGY | AMJB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.86% | -17.70% | +8.84% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.90% | — |
Current DrawdownCurrent decline from peak | -3.92% | -6.06% | +2.14% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -4.98% | +2.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.34% | — |
Volatility
TNGY vs. AMJB - Volatility Comparison
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Volatility by Period
| TNGY | AMJB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.66% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.18% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.70% | 15.37% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.70% | 18.19% | -2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.70% | 18.19% | -2.49% |
TNGY vs. AMJB - Expense Ratio Comparison
Both TNGY and AMJB have an expense ratio of 0.85%.
Dividends
TNGY vs. AMJB - Dividend Comparison
TNGY's dividend yield for the trailing twelve months is around 3.41%, while AMJB has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
AMJB Alerian MLP Index ETN | 0.00% | 0.00% |
TNGY Tortoise Energy Fund | 3.41% | 2.59% |
Frequently Asked Questions
TNGY and AMJB have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.85% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TNGY and AMJB have the same expense ratio: 0.85% per year.
TNGY has the higher dividend yield at 3.41%, compared with 0.00% for AMJB.
They also come from different issuers: Tortoise Capital and JPMorgan.
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