TORIX vs. MLXIX
TORIX (Tortoise MLP & Pipeline Fund) and MLXIX (Catalyst Energy Infrastructure Fund) are both Energy Equities funds. Over the past 10 years, TORIX returned 10.96%/yr vs 10.80%/yr for MLXIX. With a 0.96 correlation, they move nearly in lockstep. TORIX charges 0.93%/yr vs 1.43%/yr for MLXIX.
Performance
TORIX vs. MLXIX - Performance Comparison
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Returns By Period
In the year-to-date period, TORIX achieves a 25.95% return, which is significantly lower than MLXIX's 33.51% return. Both investments have delivered pretty close results over the past 10 years, with TORIX having a 10.96% annualized return and MLXIX not far behind at 10.80%.
TORIX
- 1D
- -1.08%
- 1M
- 4.90%
- 6M
- 24.27%
- YTD
- 25.95%
- 1Y
- 29.81%
- 3Y*
- 26.96%
- 5Y*
- 22.86%
- 10Y*
- 10.96%
MLXIX
- 1D
- -1.91%
- 1M
- 5.79%
- 6M
- 30.61%
- YTD
- 33.51%
- 1Y
- 19.55%
- 3Y*
- 23.89%
- 5Y*
- 22.04%
- 10Y*
- 10.80%
TORIX vs. MLXIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TORIX Tortoise MLP & Pipeline Fund | 25.95% | 4.94% | 42.91% | 14.18% | 22.20% | 40.84% | -29.47% | 18.33% | -15.14% | -1.04% |
MLXIX Catalyst Energy Infrastructure Fund | 33.51% | -8.56% | 45.26% | 15.34% | 27.02% | 42.04% | -20.02% | 12.05% | -18.48% | -13.83% |
Correlation
The correlation between TORIX and MLXIX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Dec 24, 2014 | 0.96 |
The correlation between TORIX and MLXIX has been stable across timeframes, ranging from 0.88 to 0.96 - a consistent structural relationship.
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Return for Risk
TORIX vs. MLXIX — Risk / Return Rank
TORIX
MLXIX
TORIX vs. MLXIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise MLP & Pipeline Fund (TORIX) and Catalyst Energy Infrastructure Fund (MLXIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TORIX | MLXIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.16 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.13 | 1.23 | +2.90 |
| Martin ratioReturn relative to average drawdown | 9.64 | 2.33 | +7.31 |
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Drawdowns
TORIX vs. MLXIX - Drawdown Comparison
The maximum TORIX drawdown since its inception was -68.58%, smaller than the maximum MLXIX drawdown of -76.78%. Use the drawdown chart below to compare losses from any high point for TORIX and MLXIX.
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Drawdown Indicators
| TORIX | MLXIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.58% | -76.78% | +8.20% |
Max Drawdown (1Y)Largest decline over 1 year | -7.11% | -15.44% | +8.33% |
Max Drawdown (3Y)Largest decline over 3 years | -16.52% | -22.14% | +5.62% |
Max Drawdown (5Y)Largest decline over 5 years | -19.75% | -22.14% | +2.39% |
Max Drawdown (10Y)Largest decline over 10 years | -63.04% | -72.63% | +9.59% |
Current DrawdownCurrent decline from peak | -1.73% | -4.30% | +2.57% |
Average DrawdownAverage peak-to-trough decline | -14.73% | -23.03% | +8.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 8.12% | -5.08% |
Volatility
TORIX vs. MLXIX - Volatility Comparison
The current volatility for Tortoise MLP & Pipeline Fund (TORIX) is 5.52%, while Catalyst Energy Infrastructure Fund (MLXIX) has a volatility of 7.50%. This indicates that TORIX experiences smaller price fluctuations and is considered to be less risky than MLXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TORIX | MLXIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.52% | 7.50% | -1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 11.88% | 17.03% | -5.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.96% | 20.52% | -5.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.60% | 22.54% | -2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.87% | 28.08% | -3.21% |
TORIX vs. MLXIX - Expense Ratio Comparison
TORIX has a 0.93% expense ratio, which is lower than MLXIX's 1.43% expense ratio.
Dividends
TORIX vs. MLXIX - Dividend Comparison
TORIX's dividend yield for the trailing twelve months is around 4.07%, less than MLXIX's 6.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLXIX Catalyst Energy Infrastructure Fund | 6.72% | 8.26% | 5.02% | 6.67% | 7.15% | 8.26% | 14.52% | 15.93% | 15.62% | 11.37% | 8.76% | 11.47% |
TORIX Tortoise MLP & Pipeline Fund | 4.07% | 5.03% | 4.92% | 4.36% | 5.28% | 4.29% | 5.63% | 4.39% | 4.22% | 2.92% | 1.87% | 5.96% |
Frequently Asked Questions
TORIX and MLXIX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MLXIX has higher volatility (7.50%) compared to TORIX (5.52%). In terms of maximum drawdown, TORIX dropped -68.58% vs MLXIX's -76.78%.
TORIX currently has the higher Sharpe Ratio (1.97 vs 0.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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