TORIX vs. MLPX
Compare and contrast key facts about Tortoise MLP & Pipeline Fund (TORIX) and Global X MLP & Energy Infrastructure ETF (MLPX).
TORIX is managed by Tortoise. It was launched on May 30, 2011. MLPX is a passively managed fund by Global X that tracks the performance of the Solactive MLP & Energy Infrastructure Index. It was launched on Aug 7, 2013.
Performance
TORIX vs. MLPX - Performance Comparison
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TORIX vs. MLPX - 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% |
MLPX Global X MLP & Energy Infrastructure ETF | 23.52% | 4.96% | 42.90% | 15.77% | 21.54% | 39.63% | -20.32% | 19.04% | -15.64% | -4.53% |
Returns By Period
The year-to-date returns for both investments are quite close, with TORIX having a 22.82% return and MLPX slightly higher at 23.52%. Over the past 10 years, TORIX has underperformed MLPX with an annualized return of 13.24%, while MLPX has yielded a comparatively higher 14.53% 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%
MLPX
- 1D
- -0.98%
- 1M
- 3.80%
- YTD
- 23.52%
- 6M
- 20.89%
- 1Y
- 21.69%
- 3Y*
- 29.25%
- 5Y*
- 24.62%
- 10Y*
- 14.53%
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TORIX vs. MLPX - Expense Ratio Comparison
TORIX has a 0.93% expense ratio, which is higher than MLPX's 0.45% expense ratio.
Return for Risk
TORIX vs. MLPX — Risk / Return Rank
TORIX
MLPX
TORIX vs. MLPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise MLP & Pipeline Fund (TORIX) and Global X MLP & Energy Infrastructure ETF (MLPX). 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 | MLPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 1.15 | -0.02 |
Sortino ratioReturn per unit of downside risk | 1.48 | 1.51 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.37 | 1.44 | -0.07 |
Martin ratioReturn relative to average drawdown | 3.76 | 4.48 | -0.72 |
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 | MLPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 1.15 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.28 | 1.24 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.55 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.36 | +0.07 |
Correlation
The correlation between TORIX and MLPX is 0.97, 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. MLPX - Dividend Comparison
TORIX's dividend yield for the trailing twelve months is around 4.14%, more than MLPX's 4.06% 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% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.06% | 4.88% | 4.30% | 5.22% | 5.23% | 5.98% | 8.32% | 5.78% | 5.77% | 4.36% | 5.50% | 4.81% |
Drawdowns
TORIX vs. MLPX - Drawdown Comparison
The maximum TORIX drawdown since its inception was -68.58%, roughly equal to the maximum MLPX drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for TORIX and MLPX.
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Drawdown Indicators
| TORIX | MLPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.58% | -70.67% | +2.09% |
Max Drawdown (1Y)Largest decline over 1 year | -15.10% | -14.92% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -19.75% | -19.72% | -0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -63.04% | -64.70% | +1.66% |
Current DrawdownCurrent decline from peak | -0.89% | -2.01% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -14.96% | -16.81% | +1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.50% | 4.81% | +0.69% |
Volatility
TORIX vs. MLPX - Volatility Comparison
Tortoise MLP & Pipeline Fund (TORIX) has a higher volatility of 4.14% compared to Global X MLP & Energy Infrastructure ETF (MLPX) at 3.63%. This indicates that TORIX's price experiences larger fluctuations and is considered to be riskier than MLPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TORIX | MLPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.14% | 3.63% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 9.73% | 10.35% | -0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.37% | 18.88% | -0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.59% | 20.00% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.99% | 26.59% | -1.60% |