TPYP vs. DVXE
TPYP (Tortoise North American Pipeline Fund) and DVXE (WEBs Energy XLE Defined Volatility ETF) are both Energy Equities funds - TPYP tracks the Tortoise North American Pipeline Index while DVXE tracks the Syntax Defined Volatility XLE Index. Both are passively managed. Over the past year, TPYP returned 25.52% vs 61.29% for DVXE. Their 0.64 correlation means they have sometimes moved together and sometimes differently. TPYP charges 0.40%/yr vs 0.89%/yr for DVXE.
Performance
TPYP vs. DVXE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TPYP achieves a 23.68% return, which is significantly lower than DVXE's 50.61% return.
TPYP
- 1D
- 0.37%
- 1M
- 2.75%
- 6M
- 15.48%
- YTD
- 23.68%
- 1Y
- 25.52%
- 3Y*
- 24.31%
- 5Y*
- 19.53%
- 10Y*
- 11.89%
- ALL TIME*
- 9.80%
DVXE
- 1D
- 1.38%
- 1M
- 15.67%
- 6M
- 26.93%
- YTD
- 50.61%
- 1Y
- 61.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 55.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.59K | $12.40K | $16.43K | |
| $2.50M | $2.27M | $2.65M |
TPYP vs. DVXE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TPYP Tortoise North American Pipeline Fund | 23.68% | 3.23% |
DVXE WEBs Energy XLE Defined Volatility ETF | 50.61% | 4.49% |
Correlation
The correlation between TPYP and DVXE is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.64 |
The correlation between TPYP and DVXE has been stable across timeframes, ranging from 0.64 to 0.65 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TPYP vs. DVXE — Risk / Return Rank
TPYP
DVXE
TPYP vs. DVXE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise North American Pipeline Fund (TPYP) and WEBs Energy XLE Defined Volatility ETF (DVXE). 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.
| TPYP | DVXE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.29 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | 2.59 | +1.13 |
| Martin ratioReturn relative to average drawdown | 8.80 | 6.05 | +2.75 |
Loading charts...
Drawdowns
TPYP vs. DVXE - Drawdown Comparison
The maximum TPYP drawdown since its inception was -51.91%, which is greater than DVXE's maximum drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for TPYP and DVXE.
Loading charts...
Drawdown Indicators
| TPYP | DVXE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.91% | -21.83% | -30.08% |
Max Drawdown (1Y)Largest decline over 1 year | -6.84% | -21.83% | +14.99% |
Max Drawdown (3Y)Largest decline over 3 years | -13.17% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.96% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -51.91% | — | — |
Current DrawdownCurrent decline from peak | -2.89% | -8.57% | +5.68% |
Average DrawdownAverage peak-to-trough decline | -7.83% | -7.25% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 9.37% | -6.48% |
Volatility
TPYP vs. DVXE - Volatility Comparison
The current volatility for Tortoise North American Pipeline Fund (TPYP) is 5.37%, while WEBs Energy XLE Defined Volatility ETF (DVXE) has a volatility of 8.29%. This indicates that TPYP experiences smaller price fluctuations and is considered to be less risky than DVXE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TPYP | DVXE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.37% | 8.29% | -2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 11.25% | 22.36% | -11.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.91% | 30.92% | -17.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.40% | 30.78% | -13.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.90% | 30.78% | -8.88% |
TPYP vs. DVXE - Expense Ratio Comparison
TPYP has a 0.40% expense ratio, which is lower than DVXE's 0.89% expense ratio.
Dividends
TPYP vs. DVXE - Dividend Comparison
TPYP's dividend yield for the trailing twelve months is around 3.19%, while DVXE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVXE WEBs Energy XLE Defined Volatility ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TPYP Tortoise North American Pipeline Fund | 3.19% | 3.91% | 3.95% | 4.83% | 4.48% | 4.86% | 6.14% | 4.45% | 4.58% | 3.71% | 3.49% | 2.56% |
Frequently Asked Questions
TPYP and DVXE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DVXE has higher volatility (8.29%) compared to TPYP (5.37%). In terms of maximum drawdown, TPYP dropped -51.91% vs DVXE's -21.83%.
On 1-year performance, DVXE leads with 61.29% vs 25.52% for TPYP. On fees, TPYP is cheaper at 0.40% per year. On volatility, TPYP has been the lower-risk option at 5.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DVXE has performed better with a 61.29% return vs 25.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TPYP is cheaper with a 0.40% expense ratio, compared with 0.89% for DVXE.
TPYP has the higher dividend yield at 3.19%, compared with 0.00% for DVXE.
TPYP tracks Tortoise North American Pipeline Index, while DVXE tracks Syntax Defined Volatility XLE Index. They also come from different issuers: Tortoise and WEBs. Their fees differ too: 0.40% for TPYP and 0.89% for DVXE.
DVXE currently has the higher Sharpe Ratio (1.83 vs 1.83), 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.
Find the right allocation for TPYP and DVXE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer