TORIX vs. GDX
Compare and contrast key facts about Tortoise MLP & Pipeline Fund (TORIX) and VanEck Gold Miners ETF (GDX).
TORIX is managed by Tortoise. It was launched on May 30, 2011. GDX is a passively managed fund by VanEck that tracks the performance of the NYSE MarketVector Global Gold Miners Index. It was launched on May 16, 2006.
Performance
TORIX vs. GDX - Performance Comparison
Loading graphics...
TORIX vs. GDX - 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% |
GDX VanEck Gold Miners ETF | 7.00% | 154.77% | 10.63% | 9.98% | -9.01% | -9.52% | 23.66% | 39.84% | -8.77% | 11.99% |
Returns By Period
In the year-to-date period, TORIX achieves a 22.82% return, which is significantly higher than GDX's 7.00% return. Over the past 10 years, TORIX has underperformed GDX with an annualized return of 13.24%, while GDX has yielded a comparatively higher 17.53% 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%
GDX
- 1D
- 6.97%
- 1M
- -20.78%
- YTD
- 7.00%
- 6M
- 20.99%
- 1Y
- 101.08%
- 3Y*
- 43.23%
- 5Y*
- 23.96%
- 10Y*
- 17.53%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TORIX vs. GDX - Expense Ratio Comparison
TORIX has a 0.93% expense ratio, which is higher than GDX's 0.51% expense ratio.
Return for Risk
TORIX vs. GDX — Risk / Return Rank
TORIX
GDX
TORIX vs. GDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise MLP & Pipeline Fund (TORIX) and VanEck 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.
| TORIX | GDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 2.21 | -1.07 |
Sortino ratioReturn per unit of downside risk | 1.48 | 2.45 | -0.96 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.36 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.37 | 3.34 | -1.97 |
Martin ratioReturn relative to average drawdown | 3.76 | 12.07 | -8.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| TORIX | GDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 2.21 | -1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.28 | 0.67 | +0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.47 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.14 | +0.29 |
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.
Dividends
TORIX vs. GDX - Dividend Comparison
TORIX's dividend yield for the trailing twelve months is around 4.14%, more than GDX's 0.69% 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% |
GDX VanEck Gold Miners ETF | 0.69% | 0.74% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.67% | 0.50% | 0.76% | 0.26% | 0.85% |
Drawdowns
TORIX vs. GDX - Drawdown Comparison
The maximum TORIX drawdown since its inception was -68.58%, smaller than the maximum GDX drawdown of -80.34%. Use the drawdown chart below to compare losses from any high point for TORIX and GDX.
Loading graphics...
Drawdown Indicators
| TORIX | GDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.58% | -80.34% | +11.76% |
Max Drawdown (1Y)Largest decline over 1 year | -15.10% | -30.84% | +15.74% |
Max Drawdown (5Y)Largest decline over 5 years | -19.75% | -46.51% | +26.76% |
Max Drawdown (10Y)Largest decline over 10 years | -63.04% | -49.79% | -13.25% |
Current DrawdownCurrent decline from peak | -0.89% | -20.78% | +19.89% |
Average DrawdownAverage peak-to-trough decline | -14.96% | -40.61% | +25.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.50% | 8.52% | -3.02% |
Volatility
TORIX vs. GDX - Volatility Comparison
The current volatility for Tortoise MLP & Pipeline Fund (TORIX) is 4.14%, while VanEck Gold Miners ETF (GDX) has a volatility of 18.51%. 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.
Loading graphics...
Volatility by Period
| TORIX | GDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.14% | 18.51% | -14.37% |
Volatility (6M)Calculated over the trailing 6-month period | 9.73% | 38.19% | -28.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.37% | 46.00% | -27.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.59% | 35.73% | -16.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.99% | 37.44% | -12.45% |