TPYP vs. VOLT

Last updated Apr 1, 2026

Compare and contrast key facts about Tortoise North American Pipeline Fund (TPYP) and Tema Electrification ETF (VOLT).

TPYP and VOLT 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. VOLT is an actively managed fund by Tema. It was launched on Dec 3, 2024.

Performance

TPYP vs. VOLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tortoise North American Pipeline Fund (TPYP) and Tema Electrification ETF (VOLT). The values are adjusted to include any dividend payments, if applicable.

TPYP vs. VOLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TPYP Tortoise North American Pipeline Fund	20.98%	7.59%	-3.72%
VOLT Tema Electrification ETF	18.37%	25.92%	-8.86%

Returns By Period

In the year-to-date period, TPYP achieves a 20.98% return, which is significantly higher than VOLT's 18.37% return.

TPYP

• 1D: -1.05%
• 1M: 2.89%
• YTD: 20.98%
• 6M: 18.25%
• 1Y: 20.82%
• 3Y*: 25.55%
• 5Y*: 21.03%
• 10Y*: 13.45%

VOLT

• 1D: 3.29%
• 1M: -4.12%
• YTD: 18.37%
• 6M: 19.46%
• 1Y: 61.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TPYP vs. VOLT - Expense Ratio Comparison

TPYP has a 0.40% expense ratio, which is lower than VOLT's 0.75% expense ratio.

VOLT

Tema Electrification ETF

TPYP

Tortoise North American Pipeline Fund

Return for Risk

TPYP vs. VOLT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TPYP

TPYP Risk / Return Rank: 67
TPYP Sharpe Ratio Rank: 73
TPYP Sortino Ratio Rank: 66
TPYP Omega Ratio Rank: 70
TPYP Calmar Ratio Rank: 66
TPYP Martin Ratio Rank: 59

VOLT

VOLT Risk / Return Rank: 97
VOLT Sharpe Ratio Rank: 97
VOLT Sortino Ratio Rank: 97
VOLT Omega Ratio Rank: 96
VOLT Calmar Ratio Rank: 98
VOLT Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TPYP vs. VOLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tortoise North American Pipeline Fund (TPYP) and Tema Electrification ETF (VOLT). 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.

	TPYP	VOLT	Difference
Sharpe ratio Return per unit of total volatility	1.26	2.88	-1.61
Sortino ratio Return per unit of downside risk	1.64	3.55	-1.91
Omega ratio Gain probability vs. loss probability	1.25	1.50	-0.25
Calmar ratio Return relative to maximum drawdown	1.60	6.14	-4.54
Martin ratio Return relative to average drawdown	5.57	19.19	-13.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TPYP vs. VOLT - Sharpe Ratio Comparison

The current TPYP Sharpe Ratio is 1.26, which is lower than the VOLT Sharpe Ratio of 2.88. The chart below compares the historical Sharpe Ratios of TPYP and VOLT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TPYP	VOLT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.26	2.88	-1.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.22	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	1.11	-0.67

Correlation

The correlation between TPYP and VOLT is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TPYP vs. VOLT - Dividend Comparison

TPYP's dividend yield for the trailing twelve months is around 3.23%, more than VOLT's 0.39% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VOLT Tema Electrification ETF	0.39%	0.46%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

TPYP vs. VOLT - Drawdown Comparison

The maximum TPYP drawdown since its inception was -51.91%, which is greater than VOLT's maximum drawdown of -23.40%. Use the drawdown chart below to compare losses from any high point for TPYP and VOLT.

Drawdown Indicators

	TPYP	VOLT	Difference
Max Drawdown Largest peak-to-trough decline	-51.91%	-23.40%	-28.51%
Max Drawdown (1Y) Largest decline over 1 year	-13.17%	-10.00%	-3.17%
Max Drawdown (5Y) Largest decline over 5 years	-17.96%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-51.91%	—	—
Current Drawdown Current decline from peak	-1.65%	-5.10%	+3.45%
Average Drawdown Average peak-to-trough decline	-7.97%	-5.56%	-2.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.77%	3.20%	+0.57%

Volatility

TPYP vs. VOLT - Volatility Comparison

The current volatility for Tortoise North American Pipeline Fund (TPYP) is 3.19%, while Tema Electrification ETF (VOLT) has a volatility of 9.44%. This indicates that TPYP experiences smaller price fluctuations and is considered to be less risky than VOLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TPYP	VOLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.19%	9.44%	-6.25%
Volatility (6M) Calculated over the trailing 6-month period	8.94%	15.70%	-6.76%
Volatility (1Y) Calculated over the trailing 1-year period	16.59%	21.43%	-4.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.32%	23.85%	-6.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.96%	23.85%	-1.89%