TYG vs. MLPI

Last updated Apr 2, 2026

Compare and contrast key facts about Tortoise Energy Infrastructure Closed Fund (TYG) and Neos MLP & Energy Infrastructure High Income ETF (MLPI).

TYG is an actively managed fund by Tortoise. MLPI is an actively managed fund by Neos. It was launched on Dec 17, 2025.

Performance

TYG vs. MLPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tortoise Energy Infrastructure Closed Fund (TYG) and Neos MLP & Energy Infrastructure High Income ETF (MLPI). The values are adjusted to include any dividend payments, if applicable.

TYG vs. MLPI - Yearly Performance Comparison

	2026 (YTD)	2025
TYG Tortoise Energy Infrastructure Closed Fund	16.14%	0.80%
MLPI Neos MLP & Energy Infrastructure High Income ETF	15.32%	0.56%

Returns By Period

In the year-to-date period, TYG achieves a 16.14% return, which is significantly higher than MLPI's 15.32% 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%

MLPI

• 1D: -1.66%
• 1M: -0.34%
• YTD: 15.32%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TYG vs. MLPI - Expense Ratio Comparison

TYG has a 2.90% expense ratio, which is higher than MLPI's 0.68% expense ratio.

TYG

Tortoise Energy Infrastructure Closed Fund

MLPI

Neos MLP & Energy Infrastructure High Income ETF

Return for Risk

TYG vs. MLPI — Risk / Return Rank

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

TYG

TYG Risk / Return Rank: 36
TYG Sharpe Ratio Rank: 33
TYG Sortino Ratio Rank: 30
TYG Omega Ratio Rank: 36
TYG Calmar Ratio Rank: 38
TYG Martin Ratio Rank: 42

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.

TYG vs. MLPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tortoise Energy Infrastructure Closed Fund (TYG) and Neos MLP & Energy Infrastructure High Income ETF (MLPI). 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	MLPI	Difference
Sharpe ratio Return per unit of total volatility	0.80	—	—
Sortino ratio Return per unit of downside risk	1.13	—	—
Omega ratio Gain probability vs. loss probability	1.18	—	—
Calmar ratio Return relative to maximum drawdown	1.06	—	—
Martin ratio Return relative to average drawdown	4.48	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TYG	MLPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.80	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.00	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	6.11	-6.01

Correlation

The correlation between TYG and MLPI is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TYG vs. MLPI - Dividend Comparison

TYG's dividend yield for the trailing twelve months is around 10.69%, more than MLPI's 3.55% 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%
MLPI Neos MLP & Energy Infrastructure High Income ETF	3.55%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

TYG vs. MLPI - Drawdown Comparison

The maximum TYG drawdown since its inception was -95.34%, which is greater than MLPI's maximum drawdown of -2.83%. Use the drawdown chart below to compare losses from any high point for TYG and MLPI.

Drawdown Indicators

	TYG	MLPI	Difference
Max Drawdown Largest peak-to-trough decline	-95.34%	-2.83%	-92.51%
Max Drawdown (1Y) Largest decline over 1 year	-18.76%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.08%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-94.98%	—	—
Current Drawdown Current decline from peak	-33.75%	-2.83%	-30.92%
Average Drawdown Average peak-to-trough decline	-29.40%	-0.63%	-28.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.45%	—	—

Volatility

Volatility by Period

	TYG	MLPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.99%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.97%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.68%	11.61%	+12.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.99%	11.61%	+12.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.27%	11.61%	+39.66%