TNGY vs. RNWZ
TNGY (Tortoise Energy Fund) and RNWZ (TrueShares Eagle Global Renewable Energy Income ETF) are both Energy Equities funds. Both are actively managed. At a 0.15 correlation, their price movements are largely independent. TNGY charges 0.85%/yr vs 0.75%/yr for RNWZ.
Performance
TNGY vs. RNWZ - Performance Comparison
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Returns By Period
In the year-to-date period, TNGY achieves a 14.98% return, which is significantly lower than RNWZ's 16.09% return.
TNGY
- 1D
- -0.19%
- 1M
- -3.25%
- YTD
- 14.98%
- 6M
- 11.66%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RNWZ
- 1D
- -0.16%
- 1M
- -3.74%
- YTD
- 16.09%
- 6M
- 17.14%
- 1Y
- 37.91%
- 3Y*
- 12.77%
- 5Y*
- —
- 10Y*
- —
TNGY vs. RNWZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TNGY Tortoise Energy Fund | 14.98% | 1.81% |
RNWZ TrueShares Eagle Global Renewable Energy Income ETF | 16.09% | 16.50% |
Correlation
The correlation between TNGY and RNWZ is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 17, 2025 | 0.15 |
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Return for Risk
TNGY vs. RNWZ — Risk / Return Rank
TNGY
RNWZ
TNGY vs. RNWZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise Energy Fund (TNGY) and TrueShares Eagle Global Renewable Energy Income ETF (RNWZ). 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 | RNWZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.14 | 0.61 | +0.52 |
Drawdowns
TNGY vs. RNWZ - Drawdown Comparison
The maximum TNGY drawdown since its inception was -8.86%, smaller than the maximum RNWZ drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for TNGY and RNWZ.
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Drawdown Indicators
| TNGY | RNWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.86% | -24.90% | +16.04% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.06% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.74% | — |
Current DrawdownCurrent decline from peak | -4.10% | -4.62% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -7.18% | +5.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.47% | — |
Volatility
TNGY vs. RNWZ - Volatility Comparison
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Volatility by Period
| TNGY | RNWZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.92% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.86% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.67% | 15.06% | +0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.67% | 16.98% | -1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.67% | 16.98% | -1.31% |
TNGY vs. RNWZ - Expense Ratio Comparison
TNGY has a 0.85% expense ratio, which is higher than RNWZ's 0.75% expense ratio.
Dividends
TNGY vs. RNWZ - Dividend Comparison
TNGY's dividend yield for the trailing twelve months is around 3.42%, more than RNWZ's 1.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
RNWZ TrueShares Eagle Global Renewable Energy Income ETF | 1.93% | 2.12% | 2.36% | 3.87% | 0.01% |
TNGY Tortoise Energy Fund | 3.42% | 2.59% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TNGY and RNWZ have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RNWZ is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RNWZ is cheaper with a 0.75% expense ratio, compared with 0.85% for TNGY.
TNGY has the higher dividend yield at 3.42%, compared with 1.93% for RNWZ.
They also come from different issuers: Tortoise Capital and TrueShares. Their fees differ too: 0.85% for TNGY and 0.75% for RNWZ.
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