TPZ vs. TBLU
TPZ (Tortoise Electrification Infrastructure ETF) and TBLU (Tortoise Global Water Fund) are both exchange-traded funds - TPZ is a Energy Equities fund actively managed by Tortoise, while TBLU is a Water Equities fund tracking the Tortoise Global Water ESG Net Total Return Index. TPZ is actively managed, while TBLU is passively managed. Over the past 5 years, TPZ returned 17.99%/yr vs 4.43%/yr for TBLU. At a 0.34 correlation, their price movements are largely independent. TPZ charges 0.85%/yr vs 0.40%/yr for TBLU.
Performance
TPZ vs. TBLU - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TPZ achieves a 10.26% return, which is significantly higher than TBLU's 1.99% 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%
TBLU
- 1D
- -0.37%
- 1M
- 2.24%
- 6M
- -2.46%
- YTD
- 1.99%
- 1Y
- 0.83%
- 3Y*
- 9.28%
- 5Y*
- 4.43%
- 10Y*
- —
TPZ vs. TBLU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TPZ Tortoise Electrification Infrastructure ETF | 10.26% | 5.67% | 53.88% | 20.72% | 2.44% | 29.31% | -27.84% | 15.61% | -16.12% | -2.86% |
TBLU Tortoise Global Water Fund | 1.99% | 11.82% | 8.54% | 20.95% | -25.99% | 28.93% | 15.74% | 38.72% | -12.80% | 20.81% |
Correlation
The correlation between TPZ and TBLU is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2017 | 0.34 |
The correlation between TPZ and TBLU shifts across timeframes, from 0.23 (1 year) to 0.39 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TPZ vs. TBLU — Risk / Return Rank
TPZ
TBLU
TPZ vs. TBLU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise Electrification Infrastructure ETF (TPZ) and Tortoise Global Water Fund (TBLU). 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 | TBLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.02 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 0.06 | +2.01 |
| Martin ratioReturn relative to average drawdown | 4.58 | 0.13 | +4.45 |
Loading charts...
Drawdowns
TPZ vs. TBLU - Drawdown Comparison
The maximum TPZ drawdown since its inception was -78.17%, which is greater than TBLU's maximum drawdown of -37.58%. Use the drawdown chart below to compare losses from any high point for TPZ and TBLU.
Loading charts...
Drawdown Indicators
| TPZ | TBLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.17% | -37.58% | -40.59% |
Max Drawdown (1Y)Largest decline over 1 year | -6.29% | -13.17% | +6.88% |
Max Drawdown (3Y)Largest decline over 3 years | -17.78% | -15.42% | -2.36% |
Max Drawdown (5Y)Largest decline over 5 years | -17.78% | -35.36% | +17.58% |
Max Drawdown (10Y)Largest decline over 10 years | -77.04% | — | — |
Current DrawdownCurrent decline from peak | -2.62% | -8.06% | +5.44% |
Average DrawdownAverage peak-to-trough decline | -11.88% | -8.16% | -3.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 6.28% | -3.44% |
Volatility
TPZ vs. TBLU - Volatility Comparison
Tortoise Electrification Infrastructure ETF (TPZ) and Tortoise Global Water Fund (TBLU) have volatilities of 3.93% and 4.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TPZ | TBLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 4.10% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 10.82% | 11.91% | -1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.79% | 14.84% | -1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.69% | 17.38% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.70% | 18.92% | +8.78% |
TPZ vs. TBLU - Expense Ratio Comparison
TPZ has a 0.85% expense ratio, which is higher than TBLU's 0.40% expense ratio.
Dividends
TPZ vs. TBLU - Dividend Comparison
TPZ's dividend yield for the trailing twelve months is around 3.69%, more than TBLU's 3.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TBLU Tortoise Global Water Fund | 3.47% | 3.31% | 1.34% | 1.46% | 1.64% | 1.55% | 1.42% | 1.58% | 1.35% | 1.32% | 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
TPZ and TBLU have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TBLU has higher volatility (4.10%) compared to TPZ (3.93%). In terms of maximum drawdown, TPZ dropped -78.17% vs TBLU's -37.58%.
On 5-year performance, TPZ leads with 17.99% vs 4.43% for TBLU. On fees, TBLU is cheaper at 0.40% per year. On volatility, TPZ has been the lower-risk option at 3.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, TPZ has performed better with a 17.99% return vs 4.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TBLU is cheaper with a 0.40% expense ratio, compared with 0.85% for TPZ.
TPZ has the higher dividend yield at 3.69%, compared with 3.47% for TBLU.
TPZ is categorized as Energy Equities, while TBLU is Water Equities. Their fees differ too: 0.85% for TPZ and 0.40% for TBLU.
TPZ currently has the higher Sharpe Ratio (0.95 vs 0.06), 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.
Find the right allocation for TPZ and TBLU
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer