TYG vs. MLPAX
Compare and contrast key facts about Tortoise Energy Infrastructure Closed Fund (TYG) and Invesco SteelPath MLP Alpha Fund Class A (MLPAX).
TYG is an actively managed fund by Tortoise. MLPAX is an actively managed fund by Invesco. It was launched on Mar 31, 2010.
Performance
TYG vs. MLPAX - Performance Comparison
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TYG vs. MLPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TYG Tortoise Energy Infrastructure Closed Fund | 16.14% | 8.46% | 60.18% | -0.37% | 24.20% | 46.86% | -70.31% | 1.79% | -24.74% | 3.17% |
MLPAX Invesco SteelPath MLP Alpha Fund Class A | 16.11% | 4.31% | 40.77% | 20.43% | 29.07% | 39.45% | -30.58% | 5.60% | -15.05% | -7.22% |
Returns By Period
The year-to-date returns for both stocks are quite close, with TYG having a 16.14% return and MLPAX slightly lower at 16.11%. Over the past 10 years, TYG has underperformed MLPAX with an annualized return of 1.56%, while MLPAX has yielded a comparatively higher 10.74% annualized return.
TYG
- 1D
- -7.52%
- 1M
- -8.18%
- YTD
- 16.14%
- 6M
- 13.16%
- 1Y
- 18.81%
- 3Y*
- 28.59%
- 5Y*
- 23.81%
- 10Y*
- 1.56%
MLPAX
- 1D
- -0.93%
- 1M
- 0.74%
- YTD
- 16.11%
- 6M
- 19.00%
- 1Y
- 12.97%
- 3Y*
- 25.98%
- 5Y*
- 25.34%
- 10Y*
- 10.74%
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TYG vs. MLPAX - Expense Ratio Comparison
TYG has a 2.90% expense ratio, which is higher than MLPAX's 1.54% expense ratio.
Return for Risk
TYG vs. MLPAX — Risk / Return Rank
TYG
MLPAX
TYG vs. MLPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise Energy Infrastructure Closed Fund (TYG) and Invesco SteelPath MLP Alpha Fund Class A (MLPAX). 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.
| TYG | MLPAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 0.81 | -0.01 |
Sortino ratioReturn per unit of downside risk | 1.13 | 1.12 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.18 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.06 | 0.90 | +0.16 |
Martin ratioReturn relative to average drawdown | 4.48 | 2.49 | +1.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TYG | MLPAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 0.81 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 1.31 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.03 | 0.41 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.30 | -0.20 |
Correlation
The correlation between TYG and MLPAX is 0.72, 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.
Dividends
TYG vs. MLPAX - Dividend Comparison
TYG's dividend yield for the trailing twelve months is around 10.69%, more than MLPAX's 5.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TYG Tortoise Energy Infrastructure Closed Fund | 10.69% | 11.25% | 7.96% | 9.87% | 8.94% | 5.27% | 10.85% | 14.61% | 13.17% | 9.01% | 8.54% | 13.95% |
MLPAX Invesco SteelPath MLP Alpha Fund Class A | 5.11% | 5.72% | 5.00% | 5.91% | 6.56% | 7.91% | 14.02% | 9.91% | 10.40% | 8.21% | 7.34% | 7.99% |
Drawdowns
TYG vs. MLPAX - Drawdown Comparison
The maximum TYG drawdown since its inception was -95.34%, which is greater than MLPAX's maximum drawdown of -77.51%. Use the drawdown chart below to compare losses from any high point for TYG and MLPAX.
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Drawdown Indicators
| TYG | MLPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.34% | -77.51% | -17.83% |
Max Drawdown (1Y)Largest decline over 1 year | -18.76% | -14.80% | -3.96% |
Max Drawdown (5Y)Largest decline over 5 years | -25.08% | -21.04% | -4.04% |
Max Drawdown (10Y)Largest decline over 10 years | -94.98% | -72.85% | -22.13% |
Current DrawdownCurrent decline from peak | -33.75% | -1.54% | -32.21% |
Average DrawdownAverage peak-to-trough decline | -29.40% | -17.21% | -12.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.45% | 5.35% | -0.90% |
Volatility
TYG vs. MLPAX - Volatility Comparison
Tortoise Energy Infrastructure Closed Fund (TYG) has a higher volatility of 10.99% compared to Invesco SteelPath MLP Alpha Fund Class A (MLPAX) at 2.97%. This indicates that TYG's price experiences larger fluctuations and is considered to be riskier than MLPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYG | MLPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.99% | 2.97% | +8.02% |
Volatility (6M)Calculated over the trailing 6-month period | 15.97% | 7.74% | +8.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.68% | 16.70% | +6.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.99% | 19.57% | +4.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.27% | 26.11% | +25.16% |