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TORIX vs. GDX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TORIX and GDX is 0.19, 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

The chart below illustrates the hypothetical performance of a $10,000 investment in Tortoise MLP & Pipeline Fund (TORIX) and VanEck Vectors Gold Miners ETF (GDX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

TORIX:

1.29

GDX:

0.99

Sortino Ratio

TORIX:

1.70

GDX:

1.59

Omega Ratio

TORIX:

1.26

GDX:

1.20

Calmar Ratio

TORIX:

1.66

GDX:

0.86

Martin Ratio

TORIX:

5.65

GDX:

4.08

Ulcer Index

TORIX:

4.84%

GDX:

9.34%

Daily Std Dev

TORIX:

20.70%

GDX:

34.57%

Max Drawdown

TORIX:

-70.07%

GDX:

-80.57%

Current Drawdown

TORIX:

-9.08%

GDX:

-20.47%

Returns By Period

In the year-to-date period, TORIX achieves a 0.66% return, which is significantly lower than GDX's 37.48% return. Over the past 10 years, TORIX has underperformed GDX with an annualized return of 5.79%, while GDX has yielded a comparatively higher 9.56% annualized return.


TORIX

YTD

0.66%

1M

4.70%

6M

-0.58%

1Y

26.47%

5Y*

26.51%

10Y*

5.79%

GDX

YTD

37.48%

1M

-6.20%

6M

28.42%

1Y

33.81%

5Y*

7.94%

10Y*

9.56%

*Annualized

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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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TORIX
The Risk-Adjusted Performance Rank of TORIX is 8787
Overall Rank
The Sharpe Ratio Rank of TORIX is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of TORIX is 8585
Sortino Ratio Rank
The Omega Ratio Rank of TORIX is 8686
Omega Ratio Rank
The Calmar Ratio Rank of TORIX is 9191
Calmar Ratio Rank
The Martin Ratio Rank of TORIX is 8888
Martin Ratio Rank

GDX
The Risk-Adjusted Performance Rank of GDX is 8181
Overall Rank
The Sharpe Ratio Rank of GDX is 8181
Sharpe Ratio Rank
The Sortino Ratio Rank of GDX is 8484
Sortino Ratio Rank
The Omega Ratio Rank of GDX is 8181
Omega Ratio Rank
The Calmar Ratio Rank of GDX is 7777
Calmar Ratio Rank
The Martin Ratio Rank of GDX is 8080
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current TORIX Sharpe Ratio is 1.29, which is higher than the GDX Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of TORIX and GDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

TORIX vs. GDX - Dividend Comparison

TORIX's dividend yield for the trailing twelve months is around 4.94%, more than GDX's 0.86% yield.


TTM20242023202220212020201920182017201620152014
TORIX
Tortoise MLP & Pipeline Fund
4.94%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
0.86%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.


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Volatility

TORIX vs. GDX - Volatility Comparison

The current volatility for Tortoise MLP & Pipeline Fund (TORIX) is 6.64%, while VanEck Vectors Gold Miners ETF (GDX) has a volatility of 14.23%. 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.


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