TORIX vs. AMLP
Compare and contrast key facts about Tortoise MLP & Pipeline Fund (TORIX) and Alerian MLP ETF (AMLP).
TORIX is managed by Tortoise. It was launched on May 30, 2011. AMLP is a passively managed fund by SS&C that tracks the performance of the Alerian MLP Infrastructure Index. It was launched on Aug 23, 2010.
Performance
TORIX vs. AMLP - Performance Comparison
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TORIX vs. AMLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TORIX Tortoise MLP & Pipeline Fund | 22.82% | 4.94% | 42.91% | 14.18% | 22.20% | 40.84% | -29.47% | 18.33% | -15.14% | -1.04% |
AMLP Alerian MLP ETF | 14.20% | 5.78% | 22.76% | 21.40% | 25.47% | 39.09% | -32.26% | 5.99% | -12.67% | -7.89% |
Returns By Period
In the year-to-date period, TORIX achieves a 22.82% return, which is significantly higher than AMLP's 14.20% return. Over the past 10 years, TORIX has outperformed AMLP with an annualized return of 13.24%, while AMLP has yielded a comparatively lower 8.63% annualized return.
TORIX
- 1D
- -0.81%
- 1M
- 3.91%
- YTD
- 22.82%
- 6M
- 22.35%
- 1Y
- 20.48%
- 3Y*
- 27.94%
- 5Y*
- 24.92%
- 10Y*
- 13.24%
AMLP
- 1D
- -1.16%
- 1M
- 1.15%
- YTD
- 14.20%
- 6M
- 16.89%
- 1Y
- 9.93%
- 3Y*
- 20.27%
- 5Y*
- 20.38%
- 10Y*
- 8.63%
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TORIX vs. AMLP - Expense Ratio Comparison
TORIX has a 0.93% expense ratio, which is higher than AMLP's 0.90% expense ratio.
Return for Risk
TORIX vs. AMLP — Risk / Return Rank
TORIX
AMLP
TORIX vs. AMLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise MLP & Pipeline Fund (TORIX) and Alerian MLP ETF (AMLP). 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.
| TORIX | AMLP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 0.62 | +0.52 |
Sortino ratioReturn per unit of downside risk | 1.48 | 0.89 | +0.59 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.13 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.37 | 0.68 | +0.69 |
Martin ratioReturn relative to average drawdown | 3.76 | 1.72 | +2.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TORIX | AMLP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 0.62 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.28 | 1.02 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.31 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.22 | +0.21 |
Correlation
The correlation between TORIX and AMLP is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TORIX vs. AMLP - Dividend Comparison
TORIX's dividend yield for the trailing twelve months is around 4.14%, less than AMLP's 7.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TORIX Tortoise MLP & Pipeline Fund | 4.14% | 5.03% | 4.92% | 4.36% | 5.28% | 4.29% | 5.63% | 4.39% | 4.22% | 2.92% | 1.87% | 5.96% |
AMLP Alerian MLP ETF | 7.54% | 8.36% | 7.70% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.29% | 7.97% | 8.09% | 9.84% |
Drawdowns
TORIX vs. AMLP - Drawdown Comparison
The maximum TORIX drawdown since its inception was -68.58%, smaller than the maximum AMLP drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for TORIX and AMLP.
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Drawdown Indicators
| TORIX | AMLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.58% | -77.19% | +8.61% |
Max Drawdown (1Y)Largest decline over 1 year | -15.10% | -14.27% | -0.83% |
Max Drawdown (5Y)Largest decline over 5 years | -19.75% | -20.92% | +1.17% |
Max Drawdown (10Y)Largest decline over 10 years | -63.04% | -72.62% | +9.58% |
Current DrawdownCurrent decline from peak | -0.89% | -2.17% | +1.28% |
Average DrawdownAverage peak-to-trough decline | -14.96% | -17.57% | +2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.50% | 5.60% | -0.10% |
Volatility
TORIX vs. AMLP - Volatility Comparison
Tortoise MLP & Pipeline Fund (TORIX) has a higher volatility of 4.14% compared to Alerian MLP ETF (AMLP) at 2.92%. This indicates that TORIX's price experiences larger fluctuations and is considered to be riskier than AMLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TORIX | AMLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.14% | 2.92% | +1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 9.73% | 7.86% | +1.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.37% | 16.08% | +2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.59% | 20.18% | -0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.99% | 27.84% | -2.85% |