TORIX vs. TPYP
Compare and contrast key facts about Tortoise MLP & Pipeline Fund (TORIX) and Tortoise North American Pipeline Fund (TPYP).
TORIX is managed by Tortoise Capital Advisors, LLC. It was launched on May 30, 2011. TPYP is a passively managed fund by Tortoise that tracks the performance of the Tortoise North American Pipeline Index. It was launched on Jun 30, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TORIX or TPYP.
Correlation
The correlation between TORIX and TPYP is 0.92, 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.
Performance
TORIX vs. TPYP - Performance Comparison
Key characteristics
TORIX:
2.86
TPYP:
2.89
TORIX:
3.53
TPYP:
3.71
TORIX:
1.50
TPYP:
1.51
TORIX:
4.33
TPYP:
4.21
TORIX:
16.23
TPYP:
16.02
TORIX:
2.70%
TPYP:
2.61%
TORIX:
15.31%
TPYP:
14.34%
TORIX:
-70.07%
TPYP:
-51.91%
TORIX:
-6.43%
TPYP:
-4.83%
Returns By Period
In the year-to-date period, TORIX achieves a 3.59% return, which is significantly lower than TPYP's 4.02% return.
TORIX
3.59%
-4.51%
17.89%
41.78%
16.20%
6.46%
TPYP
4.02%
-2.85%
17.32%
39.55%
14.49%
N/A
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TORIX vs. TPYP - Expense Ratio Comparison
TORIX has a 0.93% expense ratio, which is higher than TPYP's 0.40% expense ratio.
Risk-Adjusted Performance
TORIX vs. TPYP — Risk-Adjusted Performance Rank
TORIX
TPYP
TORIX vs. TPYP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise MLP & Pipeline Fund (TORIX) and Tortoise North American Pipeline Fund (TPYP). 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. TPYP - Dividend Comparison
TORIX's dividend yield for the trailing twelve months is around 3.76%, which matches TPYP's 3.79% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TORIX Tortoise MLP & Pipeline Fund | 3.76% | 4.92% | 4.35% | 5.29% | 4.28% | 5.64% | 4.39% | 4.19% | 2.92% | 1.87% | 5.75% | 0.99% |
TPYP Tortoise North American Pipeline Fund | 3.79% | 3.94% | 4.83% | 4.48% | 4.86% | 6.15% | 4.45% | 4.58% | 3.71% | 3.18% | 1.48% | 0.00% |
Drawdowns
TORIX vs. TPYP - Drawdown Comparison
The maximum TORIX drawdown since its inception was -70.07%, which is greater than TPYP's maximum drawdown of -51.91%. Use the drawdown chart below to compare losses from any high point for TORIX and TPYP. For additional features, visit the drawdowns tool.
Volatility
TORIX vs. TPYP - Volatility Comparison
Tortoise MLP & Pipeline Fund (TORIX) has a higher volatility of 6.85% compared to Tortoise North American Pipeline Fund (TPYP) at 6.08%. This indicates that TORIX's price experiences larger fluctuations and is considered to be riskier than TPYP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.