TORIX vs. FXAIX
Compare and contrast key facts about Tortoise MLP & Pipeline Fund (TORIX) and Fidelity 500 Index Fund (FXAIX).
TORIX is managed by Tortoise. It was launched on May 30, 2011. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
TORIX vs. FXAIX - Performance Comparison
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TORIX vs. FXAIX - 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% |
FXAIX Fidelity 500 Index Fund | -7.05% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Returns By Period
In the year-to-date period, TORIX achieves a 22.82% return, which is significantly higher than FXAIX's -7.05% return. Both investments have delivered pretty close results over the past 10 years, with TORIX having a 13.24% annualized return and FXAIX not far ahead at 13.75%.
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%
FXAIX
- 1D
- -0.39%
- 1M
- -7.68%
- YTD
- -7.05%
- 6M
- -4.59%
- 1Y
- 14.42%
- 3Y*
- 17.17%
- 5Y*
- 11.40%
- 10Y*
- 13.75%
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TORIX vs. FXAIX - Expense Ratio Comparison
TORIX has a 0.93% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Return for Risk
TORIX vs. FXAIX — Risk / Return Rank
TORIX
FXAIX
TORIX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise MLP & Pipeline Fund (TORIX) and Fidelity 500 Index Fund (FXAIX). 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 | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 0.84 | +0.30 |
Sortino ratioReturn per unit of downside risk | 1.48 | 1.30 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.20 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.37 | 1.05 | +0.31 |
Martin ratioReturn relative to average drawdown | 3.76 | 5.13 | -1.37 |
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 | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 0.84 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.28 | 0.68 | +0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.77 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.75 | -0.32 |
Correlation
The correlation between TORIX and FXAIX is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TORIX vs. FXAIX - Dividend Comparison
TORIX's dividend yield for the trailing twelve months is around 4.14%, more than FXAIX's 1.20% 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% |
FXAIX Fidelity 500 Index Fund | 1.20% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
TORIX vs. FXAIX - Drawdown Comparison
The maximum TORIX drawdown since its inception was -68.58%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for TORIX and FXAIX.
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Drawdown Indicators
| TORIX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.58% | -33.79% | -34.79% |
Max Drawdown (1Y)Largest decline over 1 year | -15.10% | -12.13% | -2.97% |
Max Drawdown (5Y)Largest decline over 5 years | -19.75% | -24.50% | +4.75% |
Max Drawdown (10Y)Largest decline over 10 years | -63.04% | -33.79% | -29.25% |
Current DrawdownCurrent decline from peak | -0.89% | -8.89% | +8.00% |
Average DrawdownAverage peak-to-trough decline | -14.96% | -3.83% | -11.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.50% | 2.50% | +3.00% |
Volatility
TORIX vs. FXAIX - Volatility Comparison
Tortoise MLP & Pipeline Fund (TORIX) and Fidelity 500 Index Fund (FXAIX) have volatilities of 4.14% and 4.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TORIX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.14% | 4.24% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 9.73% | 9.08% | +0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.37% | 18.13% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.59% | 16.88% | +2.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.99% | 18.03% | +6.96% |