TPZ vs. BILD
TPZ (Tortoise Electrification Infrastructure ETF) and BILD (Macquarie Global Listed Infrastructure ETF) are both Infrastructure Equities funds. Both are actively managed. Over the past year, TPZ returned 3.96% vs 15.38% for BILD. Their 0.44 correlation means their historical movements had little consistent relationship. TPZ charges 0.85%/yr vs 0.49%/yr for BILD.
Performance
TPZ vs. BILD - Performance Comparison
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Returns By Period
In the year-to-date period, TPZ achieves a 6.91% return, which is significantly lower than BILD's 10.33% return.
TPZ
- 1D
- -0.44%
- 1M
- -1.48%
- 6M
- 3.90%
- YTD
- 6.91%
- 1Y
- 3.96%
- 3Y*
- 22.25%
- 5Y*
- 18.69%
- 10Y*
- 8.30%
- ALL TIME*
- 7.92%
BILD
- 1D
- 0.42%
- 1M
- 0.74%
- 6M
- 6.29%
- YTD
- 10.33%
- 1Y
- 15.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.74K | $24.99K | $12.93K | |
| $293.05K | $219.78K | $220.84K |
TPZ vs. BILD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TPZ Tortoise Electrification Infrastructure ETF | 6.91% | 5.67% | 53.88% | 5.23% |
BILD Macquarie Global Listed Infrastructure ETF | 10.33% | 21.08% | -2.68% | 3.73% |
Correlation
The correlation between TPZ and BILD is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2023 | 0.44 |
The correlation between TPZ and BILD has been stable across timeframes, ranging from 0.44 to 0.51 - a consistent structural relationship.
TPZ vs. BILD - Sectors Allocation Comparison
Sectors
TPZ
BILD
Energy
Utilities
Industrials
Basic Materials
-
-
Communication Services
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Financial Services
-
Healthcare
-
-
Real Estate
-
Technology
-
-
Energy
TPZ
BILD
Utilities
TPZ
BILD
Industrials
TPZ
BILD
Basic Materials
TPZ
-
BILD
-
Communication Services
TPZ
-
BILD
Consumer Cyclical
TPZ
-
BILD
-
Consumer Defensive
TPZ
-
BILD
-
Financial Services
TPZ
-
BILD
Healthcare
TPZ
-
BILD
-
Real Estate
TPZ
-
BILD
Technology
TPZ
-
BILD
-
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Return for Risk
TPZ vs. BILD — Risk / Return Rank
TPZ
BILD
TPZ vs. BILD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise Electrification Infrastructure ETF (TPZ) and Macquarie Global Listed Infrastructure ETF (BILD). 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.
| TPZ | BILD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.25 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 2.55 | -1.95 |
| Martin ratioReturn relative to average drawdown | 1.38 | 6.08 | -4.70 |
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Drawdowns
TPZ vs. BILD - Drawdown Comparison
The maximum TPZ drawdown since its inception was -78.17%, which is greater than BILD's maximum drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for TPZ and BILD.
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Drawdown Indicators
| TPZ | BILD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.17% | -14.78% | -63.39% |
Max Drawdown (1Y)Largest decline over 1 year | -6.63% | -6.05% | -0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -17.78% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.78% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -77.04% | — | — |
Current DrawdownCurrent decline from peak | -5.57% | -2.31% | -3.26% |
Average DrawdownAverage peak-to-trough decline | -11.85% | -3.68% | -8.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 2.54% | +0.45% |
Volatility
TPZ vs. BILD - Volatility Comparison
Tortoise Electrification Infrastructure ETF (TPZ) has a higher volatility of 4.75% compared to Macquarie Global Listed Infrastructure ETF (BILD) at 2.75%. This indicates that TPZ's price experiences larger fluctuations and is considered to be riskier than BILD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TPZ | BILD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 2.75% | +2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 11.20% | 9.05% | +2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.15% | 10.96% | +3.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.67% | 13.07% | +4.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.73% | 13.07% | +14.66% |
TPZ vs. BILD - Expense Ratio Comparison
TPZ has a 0.85% expense ratio, which is higher than BILD's 0.49% expense ratio.
Dividends
TPZ vs. BILD - Dividend Comparison
TPZ's dividend yield for the trailing twelve months is around 3.49%, less than BILD's 4.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BILD Macquarie Global Listed Infrastructure ETF | 4.68% | 3.05% | 5.53% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TPZ Tortoise Electrification Infrastructure ETF | 3.49% | 3.99% | 5.88% | 8.99% | 9.52% | 4.77% | 8.80% | 8.84% | 9.41% | 7.28% | 6.88% | 9.68% |
Frequently Asked Questions
TPZ and BILD have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TPZ has higher volatility (4.75%) compared to BILD (2.75%). In terms of maximum drawdown, TPZ dropped -78.17% vs BILD's -14.78%.
On 1-year performance, BILD leads with 15.38% vs 3.96% for TPZ. On fees, BILD is cheaper at 0.49% per year. On volatility, BILD has been the lower-risk option at 2.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BILD has performed better with a 15.38% return vs 3.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BILD is cheaper with a 0.49% expense ratio, compared with 0.85% for TPZ.
BILD has the higher dividend yield at 4.68%, compared with 3.49% for TPZ.
They also come from different issuers: Tortoise and Macquarie. Their fees differ too: 0.85% for TPZ and 0.49% for BILD.
BILD currently has the higher Sharpe Ratio (1.41 vs 0.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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