TNUK vs. MLPI

Last updated Jul 12, 2026

TNUK (Tortoise Nuclear Renaissance ETF) and MLPI (NEOS MLP & Energy Infrastructure High Income ETF) are both exchange-traded funds - TNUK is a Energy Equities fund actively managed by Tortoise, while MLPI is a MLPs fund actively managed by NEOS. Both are actively managed. At a correlation of -0.05, they often move in opposite directions. TNUK charges 0.75%/yr vs 0.68%/yr for MLPI.

Performance

TNUK vs. MLPI - Performance Comparison

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

Returns By Period

In the year-to-date period, TNUK achieves a -2.15% return, which is significantly lower than MLPI's 19.13% return.

TNUK

• 1D: 0.60%
• 1M: -1.31%
• 6M: -11.64%
• YTD: -2.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MLPI

• 1D: -0.52%
• 1M: -0.03%
• 6M: 20.58%
• YTD: 19.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TNUK vs. MLPI - Yearly Performance Comparison

	2026 (YTD)	2025
TNUK Tortoise Nuclear Renaissance ETF	-2.15%	0.34%
MLPI NEOS MLP & Energy Infrastructure High Income ETF	19.13%	0.36%

Correlation

The correlation between TNUK and MLPI is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025	-0.05

Return for Risk

TNUK vs. MLPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tortoise Nuclear Renaissance ETF (TNUK) 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.

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.

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

Drawdowns

TNUK vs. MLPI - Drawdown Comparison

The maximum TNUK drawdown since its inception was -21.57%, which is greater than MLPI's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for TNUK and MLPI.

Drawdown Indicators

	TNUK	MLPI	Difference
Max Drawdown Largest peak-to-trough decline	-21.57%	-5.38%	-16.19%
Current Drawdown Current decline from peak	-18.30%	-2.56%	-15.74%
Average Drawdown Average peak-to-trough decline	-9.25%	-1.59%	-7.66%

Volatility

Volatility by Period

	TNUK	MLPI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	33.96%	13.31%	+20.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.96%	13.31%	+20.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.96%	13.31%	+20.65%

TNUK vs. MLPI - Expense Ratio Comparison

TNUK has a 0.75% expense ratio, which is higher than MLPI's 0.68% expense ratio.

Dividends

TNUK vs. MLPI - Dividend Comparison

TNUK has not paid dividends to shareholders, while MLPI's dividend yield for the trailing twelve months is around 7.22%.

Position	TTM
MLPI NEOS MLP & Energy Infrastructure High Income ETF	7.22%
TNUK Tortoise Nuclear Renaissance ETF	0.00%

Frequently Asked Questions

Can I hold both TNUK and MLPI in my portfolio?

TNUK and MLPI have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TNUK or MLPI?

On fees, MLPI is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TNUK or MLPI?

MLPI is cheaper with a 0.68% expense ratio, compared with 0.75% for TNUK.

Which ETF pays a higher dividend yield, TNUK or MLPI?

MLPI has the higher dividend yield at 7.22%, compared with 0.00% for TNUK.

What is the main difference between TNUK and MLPI?

TNUK is categorized as Energy Equities, while MLPI is MLPs. They also come from different issuers: Tortoise and NEOS. Their fees differ too: 0.75% for TNUK and 0.68% for MLPI.