TNGY vs. XLEI

Last updated Aug 1, 2026

TNGY (Tortoise Energy Fund) and XLEI (State Street Energy Select Sector SPDR Premium Income ETF) are both Energy Equities funds. TNGY is actively managed, while XLEI is passively managed. Over the past year, TNGY returned 21.86% vs 35.36% for XLEI. Their 0.77 correlation means they have sometimes moved together and sometimes differently. TNGY charges 0.85%/yr vs 0.35%/yr for XLEI.

Performance

TNGY vs. XLEI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tortoise Energy Fund (TNGY) and State Street Energy Select Sector SPDR Premium Income ETF (XLEI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TNGY achieves a 18.64% return, which is significantly lower than XLEI's 24.56% return.

TNGY

• 1D: 1.42%
• 1M: 8.49%
• 6M: 12.54%
• YTD: 18.64%
• 1Y: 21.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.98%

XLEI

• 1D: 0.78%
• 1M: 10.90%
• 6M: 15.89%
• YTD: 24.56%
• 1Y: 35.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 32.17%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TNGY Tortoise Energy Fund	$575.58K	$661.37K	$648.60K
XLEI State Street Energy Select Sector SPDR Premium Income ETF	$1.55M	$1.39M	$1.31M

TNGY vs. XLEI - Yearly Performance Comparison

	2026 (YTD)	2025
TNGY Tortoise Energy Fund	18.64%	1.55%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	24.56%	6.17%

Correlation

The correlation between TNGY and XLEI is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.77
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.77

The correlation between TNGY and XLEI has been stable across timeframes, ranging from 0.77 to 0.77 - a consistent structural relationship.

Return for Risk

TNGY vs. XLEI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TNGY

TNGY Risk / Return Rank: 49
TNGY Sharpe Ratio Rank: 49
TNGY Sortino Ratio Rank: 46
TNGY Omega Ratio Rank: 44
TNGY Calmar Ratio Rank: 58
TNGY Martin Ratio Rank: 47

XLEI

XLEI Risk / Return Rank: 89
XLEI Sharpe Ratio Rank: 92
XLEI Sortino Ratio Rank: 88
XLEI Omega Ratio Rank: 89
XLEI Calmar Ratio Rank: 91
XLEI Martin Ratio Rank: 86

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TNGY vs. XLEI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tortoise Energy Fund (TNGY) and State Street Energy Select Sector SPDR Premium Income ETF (XLEI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	TNGY	XLEI	Difference
Sharpe ratio: Return per unit of total volatility	1.20	2.40	-1.20
Sortino ratio: Return per unit of downside risk	1.67	3.00	-1.33
Omega ratio: Gain probability vs. loss probability	1.21	1.41	-0.20
Calmar ratio: Return relative to maximum drawdown	2.05	4.11	-2.06
Martin ratio: Return relative to average drawdown	5.39	12.37	-6.98

TNGY vs. XLEI - Sharpe Ratio Comparison

The current TNGY Sharpe Ratio is 1.20, which is lower than the XLEI Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of TNGY and XLEI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TNGY vs. XLEI - Drawdown Comparison

The maximum TNGY drawdown since its inception was -9.79%, which is greater than XLEI's maximum drawdown of -8.19%. Use the drawdown chart below to compare losses from any high point for TNGY and XLEI.

Drawdown Indicators

	TNGY	XLEI	Difference
Max Drawdown Largest peak-to-trough decline	-9.79%	-8.19%	-1.60%
Max Drawdown (1Y) Largest decline over 1 year	-9.79%	-8.19%	-1.60%
Current Drawdown Current decline from peak	-1.50%	0.00%	-1.50%
Average Drawdown Average peak-to-trough decline	-3.68%	-1.84%	-1.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.75%	2.74%	+1.01%

Volatility

TNGY vs. XLEI - Volatility Comparison

Tortoise Energy Fund (TNGY) has a higher volatility of 5.91% compared to State Street Energy Select Sector SPDR Premium Income ETF (XLEI) at 3.96%. This indicates that TNGY's price experiences larger fluctuations and is considered to be riskier than XLEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TNGY	XLEI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.91%	3.96%	+1.95%
Volatility (6M) Calculated over the trailing 6-month period	13.89%	11.26%	+2.63%
Volatility (1Y) Calculated over the trailing 1-year period	16.70%	14.03%	+2.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.74%	14.02%	+2.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.74%	14.02%	+2.72%

TNGY vs. XLEI - Expense Ratio Comparison

TNGY has a 0.85% expense ratio, which is higher than XLEI's 0.35% expense ratio.

Dividends

TNGY vs. XLEI - Dividend Comparison

TNGY's dividend yield for the trailing twelve months is around 4.47%, less than XLEI's 18.37% yield.

Position	TTM	2025
TNGY Tortoise Energy Fund	4.47%	2.59%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	18.37%	10.17%

Frequently Asked Questions

Can I hold both TNGY and XLEI in my portfolio?

TNGY and XLEI have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TNGY or XLEI?

TNGY has higher volatility (5.91%) compared to XLEI (3.96%). In terms of maximum drawdown, TNGY dropped -9.79% vs XLEI's -8.19%.

Which ETF is better, TNGY or XLEI?

On 1-year performance, XLEI leads with 35.36% vs 21.86% for TNGY. On fees, XLEI is cheaper at 0.35% per year. On volatility, XLEI has been the lower-risk option at 3.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TNGY or XLEI?

Over the 1-year period, XLEI has performed better with a 35.36% return vs 21.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TNGY or XLEI?

XLEI is cheaper with a 0.35% expense ratio, compared with 0.85% for TNGY.

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

XLEI has the higher dividend yield at 18.37%, compared with 4.47% for TNGY.

What is the main difference between TNGY and XLEI?

They also come from different issuers: Tortoise and State Street. Their fees differ too: 0.85% for TNGY and 0.35% for XLEI.

Which has better risk-adjusted returns?

XLEI currently has the higher Sharpe Ratio (2.40 vs 1.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.