TNGY vs. BKUI

Last updated Jun 4, 2026

TNGY (Tortoise Energy Fund) and BKUI (BNY Mellon Ultra Short Income ETF) are both exchange-traded funds - TNGY is a Energy Equities fund actively managed by Tortoise Capital, while BKUI is a Ultrashort Bond fund actively managed by BNY Mellon. Both are actively managed. At a correlation of -0.21, they often move in opposite directions. TNGY charges 0.85%/yr vs 0.12%/yr for BKUI.

Performance

TNGY vs. BKUI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tortoise Energy Fund (TNGY) and BNY Mellon Ultra Short Income ETF (BKUI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TNGY achieves a 15.21% return, which is significantly higher than BKUI's 1.42% return.

TNGY

• 1D: 0.39%
• 1M: -3.15%
• YTD: 15.21%
• 6M: 12.60%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BKUI

• 1D: -0.01%
• 1M: 0.33%
• YTD: 1.42%
• 6M: 1.74%
• 1Y: 4.32%
• 3Y*: 5.21%
• 5Y*: —
• 10Y*: —

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

TNGY vs. BKUI - Yearly Performance Comparison

	2026 (YTD)	2025
TNGY Tortoise Energy Fund	15.21%	1.81%
BKUI BNY Mellon Ultra Short Income ETF	1.42%	2.66%

Correlation

The correlation between TNGY and BKUI is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 17, 2025	-0.21

Return for Risk

TNGY vs. BKUI — Risk / Return Rank

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

BKUI

BKUI Risk / Return Rank: 99
BKUI Sharpe Ratio Rank: 99
BKUI Sortino Ratio Rank: 100
BKUI Omega Ratio Rank: 100
BKUI Calmar Ratio Rank: 99
BKUI Martin Ratio Rank: 99

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.

TNGY vs. BKUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tortoise Energy Fund (TNGY) and BNY Mellon Ultra Short Income ETF (BKUI). 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.

Sharpe Ratios by Period

	TNGY	BKUI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	10.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	6.08	-4.93

Drawdowns

TNGY vs. BKUI - Drawdown Comparison

The maximum TNGY drawdown since its inception was -8.86%, which is greater than BKUI's maximum drawdown of -1.72%. Use the drawdown chart below to compare losses from any high point for TNGY and BKUI.

Drawdown Indicators

	TNGY	BKUI	Difference
Max Drawdown Largest peak-to-trough decline	-8.86%	-1.72%	-7.14%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.13%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.25%	—
Current Drawdown Current decline from peak	-3.92%	-0.01%	-3.91%
Average Drawdown Average peak-to-trough decline	-2.18%	-0.27%	-1.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.02%	—

Volatility

Volatility by Period

	TNGY	BKUI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.15%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.31%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.70%	0.41%	+15.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.70%	0.59%	+15.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.70%	0.59%	+15.11%

TNGY vs. BKUI - Expense Ratio Comparison

TNGY has a 0.85% expense ratio, which is higher than BKUI's 0.12% expense ratio.

Dividends

TNGY vs. BKUI - Dividend Comparison

TNGY's dividend yield for the trailing twelve months is around 3.41%, less than BKUI's 4.21% yield.

Position	TTM	2025	2024	2023	2022	2021
BKUI BNY Mellon Ultra Short Income ETF	4.21%	4.48%	5.11%	4.29%	1.82%	0.22%
TNGY Tortoise Energy Fund	3.41%	2.59%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TNGY and BKUI in my portfolio?

TNGY and BKUI have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TNGY or BKUI?

On fees, BKUI is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TNGY or BKUI?

BKUI is cheaper with a 0.12% expense ratio, compared with 0.85% for TNGY.

Which ETF pays a higher dividend yield, TNGY or BKUI?

BKUI has the higher dividend yield at 4.21%, compared with 3.41% for TNGY.

What is the main difference between TNGY and BKUI?

TNGY is categorized as Energy Equities, while BKUI is Ultrashort Bond. They also come from different issuers: Tortoise Capital and BNY Mellon. Their fees differ too: 0.85% for TNGY and 0.12% for BKUI.