TPYP vs. XLE
Compare and contrast key facts about Tortoise North American Pipeline Fund (TPYP) and Energy Select Sector SPDR Fund (XLE).
TPYP and XLE 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. XLE is a passively managed fund by State Street that tracks the performance of the Energy Select Sector Index. It was launched on Dec 16, 1998. Both TPYP and XLE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TPYP or XLE.
Correlation
The correlation between TPYP and XLE is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TPYP vs. XLE - Performance Comparison
Key characteristics
TPYP:
2.77
XLE:
0.12
TPYP:
3.76
XLE:
0.28
TPYP:
1.48
XLE:
1.03
TPYP:
3.70
XLE:
0.15
TPYP:
18.19
XLE:
0.35
TPYP:
2.02%
XLE:
6.08%
TPYP:
13.23%
XLE:
17.89%
TPYP:
-51.91%
XLE:
-71.54%
TPYP:
-7.90%
XLE:
-13.50%
Returns By Period
In the year-to-date period, TPYP achieves a 35.27% return, which is significantly higher than XLE's 2.82% return.
TPYP
35.27%
-7.45%
22.02%
35.17%
13.15%
N/A
XLE
2.82%
-13.36%
-4.72%
1.44%
11.59%
4.44%
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TPYP vs. XLE - Expense Ratio Comparison
TPYP has a 0.40% expense ratio, which is higher than XLE's 0.13% expense ratio.
Risk-Adjusted Performance
TPYP vs. XLE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise North American Pipeline Fund (TPYP) and Energy Select Sector SPDR Fund (XLE). 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.
Dividends
TPYP vs. XLE - Dividend Comparison
TPYP's dividend yield for the trailing twelve months is around 3.82%, more than XLE's 2.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TPYP Tortoise North American Pipeline Fund | 3.82% | 4.83% | 4.48% | 4.86% | 6.15% | 4.45% | 4.58% | 3.71% | 3.18% | 1.48% | 0.00% | 0.00% |
XLE Energy Select Sector SPDR Fund | 2.59% | 3.55% | 3.68% | 4.21% | 5.62% | 5.73% | 3.54% | 3.03% | 2.26% | 3.39% | 2.35% | 1.73% |
Drawdowns
TPYP vs. XLE - Drawdown Comparison
The maximum TPYP drawdown since its inception was -51.91%, smaller than the maximum XLE drawdown of -71.54%. Use the drawdown chart below to compare losses from any high point for TPYP and XLE. For additional features, visit the drawdowns tool.
Volatility
TPYP vs. XLE - Volatility Comparison
Tortoise North American Pipeline Fund (TPYP) has a higher volatility of 6.05% compared to Energy Select Sector SPDR Fund (XLE) at 5.01%. This indicates that TPYP's price experiences larger fluctuations and is considered to be riskier than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.