TNGY vs. XLEI

Last updated Jun 24, 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. A 0.74 correlation means they provide meaningful diversification when combined. 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 10.84% return, which is significantly lower than XLEI's 14.83% return.

TNGY

• 1D: 0.92%
• 1M: -5.44%
• YTD: 10.84%
• 6M: 11.42%
• 1Y: 12.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XLEI

• 1D: 0.44%
• 1M: -4.42%
• YTD: 14.83%
• 6M: 15.67%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TNGY vs. XLEI - Yearly Performance Comparison

	2026 (YTD)	2025
TNGY Tortoise Energy Fund	10.84%	1.55%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	14.83%	6.17%

Correlation

The correlation between TNGY and XLEI is 0.74, 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 Jul 30, 2025	0.74

Return for Risk

TNGY vs. XLEI — Risk / Return Rank

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

TNGY

TNGY Risk / Return Rank: 25
TNGY Sharpe Ratio Rank: 24
TNGY Sortino Ratio Rank: 22
TNGY Omega Ratio Rank: 22
TNGY Calmar Ratio Rank: 28
TNGY Martin Ratio Rank: 29

XLEI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. 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	0.80	—	—
Sortino ratio: Return per unit of downside risk	1.15	—	—
Omega ratio: Gain probability vs. loss probability	1.14	—	—
Calmar ratio: Return relative to maximum drawdown	1.31	—	—
Martin ratio: Return relative to average drawdown	3.85	—	—

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 -7.98%. 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%	-7.98%	-1.81%
Max Drawdown (1Y) Largest decline over 1 year	-9.79%	—	—
Current Drawdown Current decline from peak	-7.56%	-5.56%	-2.00%
Average Drawdown Average peak-to-trough decline	-3.58%	-1.67%	-1.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.34%	—	—

Volatility

Volatility by Period

	TNGY	XLEI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.78%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.01%	13.89%	+2.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.44%	13.89%	+2.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.44%	13.89%	+2.55%

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 3.55%, less than XLEI's 17.40% yield.

Position	TTM	2025
TNGY Tortoise Energy Fund	3.55%	2.59%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	17.40%	10.17%

Frequently Asked Questions

Can I hold both TNGY and XLEI in my portfolio?

TNGY and XLEI have a correlation of 0.74, 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 XLEI?

On fees, XLEI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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 17.40%, compared with 3.55% for TNGY.

What is the main difference between TNGY and XLEI?

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