TPYP vs. PWRZ
TPYP (Tortoise North American Pipeline Fund) and PWRZ (TrueShares Eagle Global Next Gen Power Infrastructure ETF) are both exchange-traded funds - TPYP is a Energy Equities fund tracking the Tortoise North American Pipeline Index, while PWRZ is a Infrastructure Equities fund actively managed by TrueShares. TPYP is passively managed, while PWRZ is actively managed. Their 0.24 correlation means their historical movements had little consistent relationship. 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
- 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%
PWRZ
- 1D
- -0.01%
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.69K | $10.99K | $10.99K | |
| $2.50M | $2.27M | $2.65M |
TPYP vs. PWRZ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TPYP Tortoise North American Pipeline Fund | 0.32% |
PWRZ TrueShares Eagle Global Next Gen Power Infrastructure ETF | -1.03% |
Correlation
The correlation between TPYP and PWRZ is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 10, 2026 | 0.24 |
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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 | 1.31 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | — | — |
| Martin ratioReturn relative to average drawdown | 8.80 | — | — |
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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 -3.62%. 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% | -3.62% | -48.29% |
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 | -2.89% | -2.39% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -7.83% | -1.20% | -6.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | — | — |
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 | 5.37% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.25% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.91% | 12.56% | +1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.40% | 12.56% | +4.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.90% | 12.56% | +9.34% |
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 3.19%, 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 | 3.19% | 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 PWRZ have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 3.19%, compared with 0.00% for PWRZ.
TPYP is categorized as Energy Equities, while PWRZ is Infrastructure Equities. 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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