TPYP vs. PBOG
TPYP (Tortoise North American Pipeline Fund) and PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) are both Energy Equities funds - TPYP tracks the Tortoise North American Pipeline Index while PBOG tracks the BITA Global Oil & Gas Select Index. Both are passively managed. A 0.64 correlation means they provide meaningful diversification when combined. TPYP charges 0.40%/yr vs 0.13%/yr for PBOG.
Performance
TPYP vs. PBOG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TPYP achieves a 20.86% return, which is significantly higher than PBOG's 17.45% return.
TPYP
- 1D
- -0.62%
- 1M
- -4.17%
- YTD
- 20.86%
- 6M
- 20.79%
- 1Y
- 23.45%
- 3Y*
- 25.93%
- 5Y*
- 18.00%
- 10Y*
- 11.82%
PBOG
- 1D
- -2.39%
- 1M
- -11.89%
- YTD
- 17.45%
- 6M
- 18.76%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TPYP vs. PBOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TPYP Tortoise North American Pipeline Fund | 20.86% | 0.75% |
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 17.45% | 1.39% |
Correlation
The correlation between TPYP and PBOG is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025 | 0.64 |
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. PBOG — Risk / Return Rank
TPYP
PBOG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TPYP vs. PBOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise North American Pipeline Fund (TPYP) and Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF (PBOG). 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 | PBOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.30 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | — | — |
| Martin ratioReturn relative to average drawdown | 8.44 | — | — |
Loading charts...
Drawdowns
TPYP vs. PBOG - Drawdown Comparison
The maximum TPYP drawdown since its inception was -51.91%, which is greater than PBOG's maximum drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for TPYP and PBOG.
Loading charts...
Drawdown Indicators
| TPYP | PBOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.91% | -17.22% | -34.69% |
Max Drawdown (1Y)Largest decline over 1 year | -6.84% | — | — |
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 | -4.64% | -17.22% | +12.58% |
Average DrawdownAverage peak-to-trough decline | -7.88% | -3.95% | -3.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | — | — |
Volatility
TPYP vs. PBOG - Volatility Comparison
Loading charts...
Volatility by Period
| TPYP | PBOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.23% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.40% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.34% | 24.10% | -10.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.40% | 24.10% | -6.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.93% | 24.10% | -2.17% |
TPYP vs. PBOG - Expense Ratio Comparison
TPYP has a 0.40% expense ratio, which is higher than PBOG's 0.13% expense ratio.
Dividends
TPYP vs. PBOG - Dividend Comparison
TPYP's dividend yield for the trailing twelve months is around 3.23%, more than PBOG's 0.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 0.15% | 0.17% | 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 | 3.23% | 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 PBOG have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PBOG is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PBOG is cheaper with a 0.13% expense ratio, compared with 0.40% for TPYP.
TPYP has the higher dividend yield at 3.23%, compared with 0.15% for PBOG.
TPYP tracks Tortoise North American Pipeline Index, while PBOG tracks BITA Global Oil & Gas Select Index. They also come from different issuers: Tortoise and Portfolio Building Blocks. Their fees differ too: 0.40% for TPYP and 0.13% for PBOG.
Find the right allocation for TPYP and PBOG
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