TORIX vs. GDX
Compare and contrast key facts about Tortoise MLP & Pipeline Fund (TORIX) and VanEck Vectors Gold Miners ETF (GDX).
TORIX is managed by Tortoise Capital Advisors, LLC. It was launched on May 30, 2011. GDX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Gold Miners Index. It was launched on May 22, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TORIX or GDX.
Correlation
The correlation between TORIX and GDX is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TORIX vs. GDX - Performance Comparison
Key characteristics
TORIX:
1.50
GDX:
1.51
TORIX:
1.88
GDX:
2.03
TORIX:
1.29
GDX:
1.27
TORIX:
1.87
GDX:
1.12
TORIX:
7.12
GDX:
5.47
TORIX:
4.33%
GDX:
9.24%
TORIX:
20.49%
GDX:
33.55%
TORIX:
-70.07%
GDX:
-80.57%
TORIX:
-9.83%
GDX:
-14.31%
Returns By Period
In the year-to-date period, TORIX achieves a -0.18% return, which is significantly lower than GDX's 48.13% return. Over the past 10 years, TORIX has underperformed GDX with an annualized return of 5.57%, while GDX has yielded a comparatively higher 11.13% annualized return.
TORIX
-0.18%
-6.35%
6.66%
28.06%
27.17%
5.57%
GDX
48.13%
12.88%
15.26%
56.22%
10.00%
11.13%
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TORIX vs. GDX - Expense Ratio Comparison
TORIX has a 0.93% expense ratio, which is higher than GDX's 0.53% expense ratio.
Risk-Adjusted Performance
TORIX vs. GDX — Risk-Adjusted Performance Rank
TORIX
GDX
TORIX vs. GDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise MLP & Pipeline Fund (TORIX) and VanEck Vectors Gold Miners ETF (GDX). 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.
Dividends
TORIX vs. GDX - Dividend Comparison
TORIX's dividend yield for the trailing twelve months is around 4.98%, more than GDX's 0.80% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TORIX Tortoise MLP & Pipeline Fund | 4.98% | 4.92% | 4.36% | 5.28% | 4.29% | 5.63% | 2.91% | 4.19% | 2.92% | 1.87% | 5.96% | 6.26% |
GDX VanEck Vectors Gold Miners ETF | 0.80% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% |
Drawdowns
TORIX vs. GDX - Drawdown Comparison
The maximum TORIX drawdown since its inception was -70.07%, smaller than the maximum GDX drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for TORIX and GDX. For additional features, visit the drawdowns tool.
Volatility
TORIX vs. GDX - Volatility Comparison
The current volatility for Tortoise MLP & Pipeline Fund (TORIX) is 13.39%, while VanEck Vectors Gold Miners ETF (GDX) has a volatility of 15.44%. This indicates that TORIX experiences smaller price fluctuations and is considered to be less risky than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.