TYG vs. MLPI

Last updated Jun 25, 2026

TYG (Tortoise Energy Infrastructure Closed Fund) and MLPI (NEOS MLP & Energy Infrastructure High Income ETF) are both MLPs funds. Both are actively managed. A 0.50 correlation means they provide meaningful diversification when combined. TYG charges 2.90%/yr vs 0.68%/yr for MLPI.

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.

Returns By Period

In the year-to-date period, TYG achieves a 11.98% return, which is significantly lower than MLPI's 18.83% return.

TYG

• 1D: -0.42%
• 1M: -5.66%
• YTD: 11.98%
• 6M: 11.19%
• 1Y: 14.52%
• 3Y*: 28.67%
• 5Y*: 19.17%
• 10Y*: -1.30%

MLPI

• 1D: -0.65%
• 1M: -2.81%
• YTD: 18.83%
• 6M: 18.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TYG vs. MLPI - Yearly Performance Comparison

	2026 (YTD)	2025
TYG Tortoise Energy Infrastructure Closed Fund	11.98%	0.82%
MLPI NEOS MLP & Energy Infrastructure High Income ETF	18.83%	0.36%

Correlation

The correlation between TYG and MLPI is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025	0.50

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: 11
TYG Sharpe Ratio Rank: 10
TYG Sortino Ratio Rank: 10
TYG Omega Ratio Rank: 11
TYG Calmar Ratio Rank: 12
TYG Martin Ratio Rank: 12

MLPI

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.

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.

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.

	TYG	MLPI	Difference
Sharpe ratio: Return per unit of total volatility	0.75	—	—
Sortino ratio: Return per unit of downside risk	1.10	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	1.05	—	—
Martin ratio: Return relative to average drawdown	3.07	—	—

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 -5.38%. 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%	-5.38%	-89.96%
Max Drawdown (1Y) Largest decline over 1 year	-13.94%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.08%	—	—
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	-36.12%	-2.81%	-33.31%
Average Drawdown Average peak-to-trough decline	-29.43%	-1.50%	-27.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.74%	—	—

Volatility

Volatility by Period

	TYG	MLPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.06%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.34%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.42%	13.05%	+6.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.85%	13.05%	+10.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.12%	13.05%	+38.07%

TYG vs. MLPI - Expense Ratio Comparison

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

Dividends

TYG vs. MLPI - Dividend Comparison

TYG's dividend yield for the trailing twelve months is around 12.20%, more than MLPI's 7.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MLPI NEOS MLP & Energy Infrastructure High Income ETF	7.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TYG Tortoise Energy Infrastructure Closed Fund	12.20%	11.25%	7.96%	9.87%	8.94%	5.27%	10.85%	14.61%	13.17%	9.01%	8.54%	13.95%

Frequently Asked Questions

Can I hold both TYG and MLPI in my portfolio?

TYG and MLPI have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.