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TNUK vs. TPYP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TNUK vs. TPYP

Last updated Aug 5, 2026
Documentation

TNUK (Tortoise Nuclear Renaissance ETF) and TPYP (Tortoise North American Pipeline Fund) are both Energy Equities funds from Tortoise. TNUK is actively managed, while TPYP is passively managed. Their -0.11 correlation means they have often moved in opposite directions in the past. TNUK charges 0.75%/yr vs 0.40%/yr for TPYP.

Performance

TNUK vs. TPYP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tortoise Nuclear Renaissance ETF (TNUK) and Tortoise North American Pipeline Fund (TPYP). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, TNUK achieves a -1.65% return, which is significantly lower than TPYP's 22.10% return.

TNUK

1D
2.52%
1M
0.07%
6M
-13.83%
YTD
-1.65%
1Y
—
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
—

TPYP

1D
-0.54%
1M
1.43%
6M
13.09%
YTD
22.10%
1Y
22.39%
3Y*
24.03%
5Y*
19.36%
10Y*
11.48%
ALL TIME*
9.66%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

TNUK

Tortoise Nuclear Renaissance ETF
$23.03K$20.73K$25.46K

TPYP

Tortoise North American Pipeline Fund
$2.72M$2.33M$2.68M

TNUK vs. TPYP - Yearly Performance Comparison

2026 (YTD)2025
TNUK
Tortoise Nuclear Renaissance ETF		-1.65%0.34%
TPYP
Tortoise North American Pipeline Fund		22.10%1.22%

Correlation

The correlation between TNUK and TPYP is -0.11, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

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

-0.11

TNUK vs. TPYP - Sectors Allocation Comparison

Sectors
TNUK
TPYP

Industrials

53.0%
0.1%

Utilities

23.9%
21.2%

Energy

23.1%
69.6%

Basic Materials

0.1%
0.1%

Technology

0.1%

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

2.4%

Healthcare

-

-

Real Estate

-

-

Industrials

TNUK
53.0%
TPYP
0.1%

Utilities

TNUK
23.9%
TPYP
21.2%

Energy

TNUK
23.1%
TPYP
69.6%

Basic Materials

TNUK
0.1%
TPYP
0.1%

Technology

TNUK
0.1%
TPYP

-

Communication Services

TNUK

-

TPYP

-

Consumer Cyclical

TNUK

-

TPYP

-

Consumer Defensive

TNUK

-

TPYP

-

Financial Services

TNUK

-

TPYP
2.4%

Healthcare

TNUK

-

TPYP

-

Real Estate

TNUK

-

TPYP

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Tortoise Nuclear Renaissance ETF

Tortoise North American Pipeline Fund

Often compared with TNUK:
TNUK vs. DVXETNUK vs. TBLUTNUK vs. GXPETNUK vs. TCAITNUK vs. VDETNUK vs. IEZTNUK vs. FENY
Often compared with TPYP:
TPYP vs. AMLPTPYP vs. ENFRTPYP vs. MLPXTPYP vs. UMITPYP vs. KYNTPYP vs. TORIXTPYP vs. VOO

Return for Risk

TNUK vs. TPYP — Risk / Return Rank

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

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

TPYP
TPYP Risk / Return Rank: 6363
Overall Rank
TPYP Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
TPYP Sortino Ratio Rank: 6060
Sortino Ratio Rank
TPYP Omega Ratio Rank: 5555
Omega Ratio Rank
TPYP Calmar Ratio Rank: 8181
Calmar Ratio Rank
TPYP Martin Ratio Rank: 5858
Martin Ratio Rank
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.

TNUK vs. TPYP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tortoise Nuclear Renaissance ETF (TNUK) and Tortoise North American Pipeline Fund (TPYP). 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.

TNUKTPYPDifference
Sharpe ratioReturn per unit of total volatility

—

1.62

—

Sortino ratioReturn per unit of downside risk

—

2.29

—

Omega ratioGain probability vs. loss probability

—

1.28

—

Calmar ratioReturn relative to maximum drawdown

—

3.29

—

Martin ratioReturn relative to average drawdown

—

7.78

—

TNUK vs. TPYP - Sharpe Ratio Comparison

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Drawdowns

TNUK vs. TPYP - Drawdown Comparison

The maximum TNUK drawdown since its inception was -25.30%, smaller than the maximum TPYP drawdown of -51.91%. Use the drawdown chart below to compare losses from any high point for TNUK and TPYP.

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Drawdown Indicators

TNUKTPYPDifference

Max Drawdown

Largest peak-to-trough decline

-25.30%

-51.91%

+26.61%

Max Drawdown (1Y)

Largest decline over 1 year

—

-6.84%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-13.17%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-17.96%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-51.91%

—

Current Drawdown

Current decline from peak

-17.89%

-4.14%

-13.75%

Average Drawdown

Average peak-to-trough decline

-10.54%

-7.83%

-2.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.91%

—

Volatility

TNUK vs. TPYP - Volatility Comparison

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Volatility by Period

TNUKTPYPDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

5.44%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

11.23%

—

Volatility (1Y)

Calculated over the trailing 1-year period

34.22%

13.94%

+20.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

34.22%

17.40%

+16.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

34.22%

21.90%

+12.32%

TNUK vs. TPYP - Expense Ratio Comparison

TNUK has a 0.75% expense ratio, which is higher than TPYP's 0.40% expense ratio.

Dividends

TNUK vs. TPYP - Dividend Comparison

TNUK has not paid dividends to shareholders, while TPYP's dividend yield for the trailing twelve months is around 3.23%.

PositionTTM20252024202320222021202020192018201720162015
TNUK
Tortoise Nuclear Renaissance ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
TPYP
Tortoise North American Pipeline Fund		3.23%3.91%3.95%4.83%4.48%4.86%6.14%4.45%4.58%3.71%3.49%2.56%

Frequently Asked Questions

TNUK and TPYP have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, TPYP is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

TPYP is cheaper with a 0.40% expense ratio, compared with 0.75% for TNUK.

TPYP has the higher dividend yield at 3.23%, compared with 0.00% for TNUK.

Their fees differ too: 0.75% for TNUK and 0.40% for TPYP.

Portfolio Optimizer

Find the right allocation for TNUK and TPYP

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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