TPZ vs. DVXE

Last updated Jul 16, 2026

TPZ (Tortoise Electrification Infrastructure ETF) and DVXE (WEBs Energy XLE Defined Volatility ETF) are both Energy Equities funds. TPZ is actively managed, while DVXE is passively managed. At a 0.29 correlation, their price movements are largely independent. TPZ charges 0.85%/yr vs 0.89%/yr for DVXE.

Performance

TPZ vs. DVXE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tortoise Electrification Infrastructure ETF (TPZ) and WEBs Energy XLE Defined Volatility ETF (DVXE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TPZ achieves a 10.26% return, which is significantly lower than DVXE's 40.61% return.

TPZ

• 1D: -0.81%
• 1M: 2.31%
• 6M: 8.81%
• YTD: 10.26%
• 1Y: 12.99%
• 3Y*: 25.29%
• 5Y*: 17.99%
• 10Y*: 8.71%

DVXE

• 1D: -1.07%
• 1M: 3.58%
• 6M: 27.92%
• YTD: 40.61%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TPZ vs. DVXE - Yearly Performance Comparison

	2026 (YTD)	2025
TPZ Tortoise Electrification Infrastructure ETF	10.26%	1.30%
DVXE WEBs Energy XLE Defined Volatility ETF	40.61%	4.49%

Correlation

The correlation between TPZ and DVXE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.29

Return for Risk

TPZ vs. DVXE — Risk / Return Rank

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

TPZ

TPZ Risk / Return Rank: 35
TPZ Sharpe Ratio Rank: 31
TPZ Sortino Ratio Rank: 30
TPZ Omega Ratio Rank: 28
TPZ Calmar Ratio Rank: 49
TPZ Martin Ratio Rank: 36

DVXE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

TPZ vs. DVXE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tortoise Electrification Infrastructure ETF (TPZ) and WEBs Energy XLE Defined Volatility ETF (DVXE). 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	DVXE	Difference
Sharpe ratio: Return per unit of total volatility	0.95	—	—
Sortino ratio: Return per unit of downside risk	1.40	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	2.07	—	—
Martin ratio: Return relative to average drawdown	4.58	—	—

Drawdowns

TPZ vs. DVXE - Drawdown Comparison

The maximum TPZ drawdown since its inception was -78.17%, which is greater than DVXE's maximum drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for TPZ and DVXE.

Drawdown Indicators

	TPZ	DVXE	Difference
Max Drawdown Largest peak-to-trough decline	-78.17%	-21.83%	-56.34%
Max Drawdown (1Y) Largest decline over 1 year	-6.29%	—	—
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 Drawdown Current decline from peak	-2.62%	-14.64%	+12.02%
Average Drawdown Average peak-to-trough decline	-11.88%	-7.09%	-4.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	—	—

Volatility

Volatility by Period

	TPZ	DVXE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.93%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.82%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.79%	30.94%	-17.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.69%	30.94%	-13.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.70%	30.94%	-3.24%

TPZ vs. DVXE - Expense Ratio Comparison

TPZ has a 0.85% expense ratio, which is lower than DVXE's 0.89% expense ratio.

Dividends

TPZ vs. DVXE - Dividend Comparison

TPZ's dividend yield for the trailing twelve months is around 3.69%, while DVXE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVXE WEBs Energy XLE Defined Volatility 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%
TPZ Tortoise Electrification Infrastructure ETF	3.69%	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

Can I hold both TPZ and DVXE in my portfolio?

TPZ and DVXE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TPZ or DVXE?

On fees, TPZ is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TPZ or DVXE?

TPZ is cheaper with a 0.85% expense ratio, compared with 0.89% for DVXE.

Which ETF pays a higher dividend yield, TPZ or DVXE?

TPZ has the higher dividend yield at 3.69%, compared with 0.00% for DVXE.

What is the main difference between TPZ and DVXE?

They also come from different issuers: Tortoise and WEBs. Their fees differ too: 0.85% for TPZ and 0.89% for DVXE.