TPYP vs. AMND
Compare and contrast key facts about Tortoise North American Pipeline Fund (TPYP) and ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND).
TPYP and AMND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. AMND is a passively managed fund by UBS that tracks the performance of the Alerian Midstream Energy Dividend Index. It was launched on Jul 15, 2020. Both TPYP and AMND are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TPYP or AMND.
Correlation
The correlation between TPYP and AMND is 0.94, 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
TPYP vs. AMND - Performance Comparison
Key characteristics
TPYP:
2.55
AMND:
2.85
TPYP:
3.47
AMND:
3.69
TPYP:
1.44
AMND:
1.57
TPYP:
3.40
AMND:
5.50
TPYP:
18.04
AMND:
26.92
TPYP:
1.87%
AMND:
1.63%
TPYP:
13.21%
AMND:
15.38%
TPYP:
-51.91%
AMND:
-18.21%
TPYP:
-9.91%
AMND:
-4.78%
Returns By Period
In the year-to-date period, TPYP achieves a 32.31% return, which is significantly lower than AMND's 40.42% return.
TPYP
32.31%
-6.77%
19.73%
32.40%
12.77%
N/A
AMND
40.42%
-1.19%
24.44%
41.34%
N/A
N/A
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TPYP vs. AMND - Expense Ratio Comparison
TPYP has a 0.40% expense ratio, which is lower than AMND's 0.75% expense ratio.
Risk-Adjusted Performance
TPYP vs. AMND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise North American Pipeline Fund (TPYP) and ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND). 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
TPYP vs. AMND - Dividend Comparison
TPYP's dividend yield for the trailing twelve months is around 3.90%, less than AMND's 5.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
TPYP Tortoise North American Pipeline Fund | 3.90% | 4.83% | 4.48% | 4.86% | 6.15% | 4.45% | 4.58% | 3.71% | 3.18% | 1.48% |
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 | 5.14% | 6.56% | 6.37% | 7.10% | 2.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TPYP vs. AMND - Drawdown Comparison
The maximum TPYP drawdown since its inception was -51.91%, which is greater than AMND's maximum drawdown of -18.21%. Use the drawdown chart below to compare losses from any high point for TPYP and AMND. For additional features, visit the drawdowns tool.
Volatility
TPYP vs. AMND - Volatility Comparison
The current volatility for Tortoise North American Pipeline Fund (TPYP) is 5.78%, while ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND) has a volatility of 10.57%. This indicates that TPYP experiences smaller price fluctuations and is considered to be less risky than AMND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.