TNGY vs. EIPX
TNGY (Tortoise Energy Fund) and EIPX (FT Energy Income Partners Strategy ETF) are both Energy Equities funds. Both are actively managed. A 0.76 correlation means they provide meaningful diversification when combined. TNGY charges 0.85%/yr vs 0.95%/yr for EIPX.
Performance
TNGY vs. EIPX - Performance Comparison
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Returns By Period
In the year-to-date period, TNGY achieves a 14.76% return, which is significantly lower than EIPX's 21.73% return.
TNGY
- 1D
- 1.58%
- 1M
- -2.13%
- YTD
- 14.76%
- 6M
- 13.37%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EIPX
- 1D
- 1.41%
- 1M
- -2.00%
- YTD
- 21.73%
- 6M
- 20.44%
- 1Y
- 31.08%
- 3Y*
- 21.04%
- 5Y*
- —
- 10Y*
- —
TNGY vs. EIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TNGY Tortoise Energy Fund | 14.76% | 1.81% |
EIPX FT Energy Income Partners Strategy ETF | 21.73% | 4.41% |
Correlation
The correlation between TNGY and EIPX is 0.76, 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 | 0.76 |
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Return for Risk
TNGY vs. EIPX — Risk / Return Rank
TNGY
EIPX
TNGY vs. EIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise Energy Fund (TNGY) and FT Energy Income Partners Strategy ETF (EIPX). 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 | EIPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 1.19 | -0.07 |
Drawdowns
TNGY vs. EIPX - Drawdown Comparison
The maximum TNGY drawdown since its inception was -8.86%, smaller than the maximum EIPX drawdown of -15.43%. Use the drawdown chart below to compare losses from any high point for TNGY and EIPX.
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Drawdown Indicators
| TNGY | EIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.86% | -15.43% | +6.57% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.12% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.43% | — |
Current DrawdownCurrent decline from peak | -4.29% | -2.77% | -1.52% |
Average DrawdownAverage peak-to-trough decline | -2.17% | -2.27% | +0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.48% | — |
Volatility
TNGY vs. EIPX - Volatility Comparison
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Volatility by Period
| TNGY | EIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.02% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.52% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.73% | 11.21% | +4.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.73% | 15.07% | +0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.73% | 15.07% | +0.66% |
TNGY vs. EIPX - Expense Ratio Comparison
TNGY has a 0.85% expense ratio, which is lower than EIPX's 0.95% expense ratio.
Dividends
TNGY vs. EIPX - Dividend Comparison
TNGY's dividend yield for the trailing twelve months is around 3.43%, more than EIPX's 2.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EIPX FT Energy Income Partners Strategy ETF | 2.68% | 3.23% | 3.27% | 3.48% | 0.34% |
TNGY Tortoise Energy Fund | 3.43% | 2.59% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TNGY and EIPX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TNGY is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TNGY is cheaper with a 0.85% expense ratio, compared with 0.95% for EIPX.
TNGY has the higher dividend yield at 3.43%, compared with 2.68% for EIPX.
They also come from different issuers: Tortoise Capital and First Trust. Their fees differ too: 0.85% for TNGY and 0.95% for EIPX.
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