TNGY vs. MLPI

Last updated Apr 1, 2026

Compare and contrast key facts about Tortoise Energy Fund (TNGY) and Neos MLP & Energy Infrastructure High Income ETF (MLPI).

TNGY and MLPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TNGY is an actively managed fund by Tortoise Capital. It was launched on Jun 16, 2025. MLPI is an actively managed fund by Neos. It was launched on Dec 17, 2025.

Performance

TNGY vs. MLPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tortoise Energy Fund (TNGY) and Neos MLP & Energy Infrastructure High Income ETF (MLPI). The values are adjusted to include any dividend payments, if applicable.

TNGY vs. MLPI - Yearly Performance Comparison

	2026 (YTD)	2025
TNGY Tortoise Energy Fund	16.66%	2.55%
MLPI Neos MLP & Energy Infrastructure High Income ETF	17.27%	0.56%

Returns By Period

The year-to-date returns for both investments are quite close, with TNGY having a 16.66% return and MLPI slightly higher at 17.27%.

TNGY

• 1D: -1.14%
• 1M: 3.70%
• YTD: 16.66%
• 6M: 17.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MLPI

• 1D: -0.40%
• 1M: 3.16%
• YTD: 17.27%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TNGY vs. MLPI - Expense Ratio Comparison

TNGY has a 0.85% expense ratio, which is higher than MLPI's 0.68% expense ratio.

TNGY

Tortoise Energy Fund

MLPI

Neos MLP & Energy Infrastructure High Income ETF

Return for Risk

TNGY vs. MLPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tortoise Energy Fund (TNGY) and Neos MLP & Energy Infrastructure High Income ETF (MLPI). 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	MLPI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.75	7.48	-5.73

Correlation

The correlation between TNGY and MLPI is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

TNGY vs. MLPI - Dividend Comparison

TNGY's dividend yield for the trailing twelve months is around 3.37%, less than MLPI's 3.49% yield.

	TTM	2025
TNGY Tortoise Energy Fund	3.37%	2.59%
MLPI Neos MLP & Energy Infrastructure High Income ETF	3.49%	0.00%

Drawdowns

TNGY vs. MLPI - Drawdown Comparison

The maximum TNGY drawdown since its inception was -5.30%, which is greater than MLPI's maximum drawdown of -2.78%. Use the drawdown chart below to compare losses from any high point for TNGY and MLPI.

Drawdown Indicators

	TNGY	MLPI	Difference
Max Drawdown Largest peak-to-trough decline	-5.30%	-2.78%	-2.52%
Current Drawdown Current decline from peak	-2.71%	-1.19%	-1.52%
Average Drawdown Average peak-to-trough decline	-1.57%	-0.60%	-0.97%

Volatility

Volatility by Period

	TNGY	MLPI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13.98%	11.12%	+2.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.98%	11.12%	+2.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.98%	11.12%	+2.86%