TPYP vs. PWRZ
TPYP (Tortoise North American Pipeline Fund) and PWRZ (TrueShares Eagle Global Next Gen Power Infrastructure ETF) are both Energy Equities funds. TPYP is passively managed, while PWRZ is actively managed. With a 1.00 correlation, they move nearly in lockstep. TPYP charges 0.40%/yr vs 0.75%/yr for PWRZ.
Performance
TPYP vs. PWRZ - Performance Comparison
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Returns By Period
TPYP
- 1D
- 1.50%
- 1M
- 2.30%
- 6M
- 26.21%
- YTD
- 24.84%
- 1Y
- 28.43%
- 3Y*
- 25.46%
- 5Y*
- 19.44%
- 10Y*
- 11.73%
PWRZ
- 1D
- -0.17%
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TPYP vs. PWRZ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TPYP Tortoise North American Pipeline Fund | 1.25% |
PWRZ TrueShares Eagle Global Next Gen Power Infrastructure ETF | -0.40% |
Correlation
The correlation between TPYP and PWRZ is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 10, 2026 | 1.00 |
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Return for Risk
TPYP vs. PWRZ — Risk / Return Rank
TPYP
PWRZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TPYP vs. PWRZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise North American Pipeline Fund (TPYP) and TrueShares Eagle Global Next Gen Power Infrastructure ETF (PWRZ). 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 | PWRZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.35 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.18 | — | — |
| Martin ratioReturn relative to average drawdown | 9.99 | — | — |
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Drawdowns
TPYP vs. PWRZ - Drawdown Comparison
The maximum TPYP drawdown since its inception was -51.91%, which is greater than PWRZ's maximum drawdown of -0.40%. Use the drawdown chart below to compare losses from any high point for TPYP and PWRZ.
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Drawdown Indicators
| TPYP | PWRZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.91% | -0.40% | -51.51% |
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 | -1.51% | -0.40% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -7.86% | -0.31% | -7.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | — | — |
Volatility
TPYP vs. PWRZ - Volatility Comparison
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Volatility by Period
| TPYP | PWRZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.28% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.84% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.74% | 0.62% | +13.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.44% | 0.62% | +16.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.90% | 0.62% | +21.28% |
TPYP vs. PWRZ - Expense Ratio Comparison
TPYP has a 0.40% expense ratio, which is lower than PWRZ's 0.75% expense ratio.
Dividends
TPYP vs. PWRZ - Dividend Comparison
TPYP's dividend yield for the trailing twelve months is around 3.16%, while PWRZ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PWRZ TrueShares Eagle Global Next Gen Power Infrastructure 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 | 3.16% | 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
With a correlation of 1.00, TPYP and PWRZ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, TPYP is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TPYP is cheaper with a 0.40% expense ratio, compared with 0.75% for PWRZ.
TPYP has the higher dividend yield at 3.16%, compared with 0.00% for PWRZ.
They also come from different issuers: Tortoise and TrueShares. Their fees differ too: 0.40% for TPYP and 0.75% for PWRZ.
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