TYG vs. MLPLX
Compare and contrast key facts about Tortoise Energy Infrastructure Closed Fund (TYG) and Invesco SteelPath MLP Alpha Plus Fund Class A (MLPLX).
TYG is an actively managed fund by Tortoise. MLPLX is an actively managed fund by Invesco. It was launched on Feb 6, 2012.
Performance
TYG vs. MLPLX - Performance Comparison
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TYG vs. MLPLX - 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% |
MLPLX Invesco SteelPath MLP Alpha Plus Fund Class A | 23.31% | 4.36% | 47.10% | 25.02% | 38.31% | 55.18% | -46.03% | 8.79% | -21.09% | -11.18% |
Returns By Period
In the year-to-date period, TYG achieves a 16.14% return, which is significantly lower than MLPLX's 23.31% return. Over the past 10 years, TYG has underperformed MLPLX with an annualized return of 1.56%, while MLPLX has yielded a comparatively higher 11.87% 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%
MLPLX
- 1D
- -1.24%
- 1M
- 0.97%
- YTD
- 23.31%
- 6M
- 26.93%
- 1Y
- 16.81%
- 3Y*
- 31.47%
- 5Y*
- 32.18%
- 10Y*
- 11.87%
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TYG vs. MLPLX - Expense Ratio Comparison
TYG has a 2.90% expense ratio, which is lower than MLPLX's 17.25% expense ratio.
Return for Risk
TYG vs. MLPLX — Risk / Return Rank
TYG
MLPLX
TYG vs. MLPLX - 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 Plus Fund Class A (MLPLX). 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 | MLPLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 0.80 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.13 | 1.12 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.17 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.06 | 0.93 | +0.13 |
Martin ratioReturn relative to average drawdown | 4.48 | 2.12 | +2.36 |
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 | MLPLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 0.80 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 1.28 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.03 | 0.33 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.19 | -0.09 |
Correlation
The correlation between TYG and MLPLX is 0.75, 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. MLPLX - Dividend Comparison
TYG's dividend yield for the trailing twelve months is around 10.69%, more than MLPLX's 4.84% 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% |
MLPLX Invesco SteelPath MLP Alpha Plus Fund Class A | 4.84% | 5.70% | 4.42% | 5.92% | 6.79% | 8.75% | 22.54% | 14.33% | 13.67% | 9.68% | 7.88% | 9.20% |
Drawdowns
TYG vs. MLPLX - Drawdown Comparison
The maximum TYG drawdown since its inception was -95.34%, which is greater than MLPLX's maximum drawdown of -88.76%. Use the drawdown chart below to compare losses from any high point for TYG and MLPLX.
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Drawdown Indicators
| TYG | MLPLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.34% | -88.76% | -6.58% |
Max Drawdown (1Y)Largest decline over 1 year | -18.76% | -18.61% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -25.08% | -27.21% | +2.13% |
Max Drawdown (10Y)Largest decline over 10 years | -94.98% | -85.02% | -9.96% |
Current DrawdownCurrent decline from peak | -33.75% | -2.31% | -31.44% |
Average DrawdownAverage peak-to-trough decline | -29.40% | -29.29% | -0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.45% | 8.17% | -3.72% |
Volatility
TYG vs. MLPLX - Volatility Comparison
Tortoise Energy Infrastructure Closed Fund (TYG) has a higher volatility of 10.99% compared to Invesco SteelPath MLP Alpha Plus Fund Class A (MLPLX) at 4.06%. This indicates that TYG's price experiences larger fluctuations and is considered to be riskier than MLPLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYG | MLPLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.99% | 4.06% | +6.93% |
Volatility (6M)Calculated over the trailing 6-month period | 15.97% | 11.17% | +4.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.68% | 22.03% | +1.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.99% | 25.38% | -1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.27% | 35.77% | +15.50% |