TYG vs. MLPX
TYG (Tortoise Energy Infrastructure Closed Fund) and MLPX (Global X MLP & Energy Infrastructure ETF) are both Infrastructure Equities funds. TYG is actively managed, while MLPX is passively managed. Over the past 10 years, TYG returned -1.12%/yr vs 12.35%/yr for MLPX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. TYG charges 2.90%/yr vs 0.45%/yr for MLPX.
Performance
TYG vs. MLPX - Performance Comparison
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Returns By Period
In the year-to-date period, TYG achieves a 12.60% return, which is significantly lower than MLPX's 26.75% return. Over the past 10 years, TYG has underperformed MLPX with an annualized return of -1.12%, while MLPX has yielded a comparatively higher 12.35% annualized return.
TYG
- 1D
- 0.16%
- 1M
- 1.30%
- 6M
- 2.29%
- YTD
- 12.60%
- 1Y
- 11.58%
- 3Y*
- 24.56%
- 5Y*
- 21.21%
- 10Y*
- -1.12%
- ALL TIME*
- 4.16%
MLPX
- 1D
- 0.31%
- 1M
- 2.91%
- 6M
- 17.40%
- YTD
- 26.75%
- 1Y
- 26.87%
- 3Y*
- 26.63%
- 5Y*
- 22.92%
- 10Y*
- 12.35%
- ALL TIME*
- 9.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $36.85M | $35.99M | $31.05M | |
| $5.92M | $6.80M | $9.17M |
TYG vs. MLPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TYG Tortoise Energy Infrastructure Closed Fund | 12.60% | 8.46% | 60.18% | -0.37% | 24.20% | 46.86% | -70.31% | 1.79% | -24.74% | 3.17% |
MLPX Global X MLP & Energy Infrastructure ETF | 26.75% | 4.96% | 42.90% | 15.77% | 21.54% | 39.63% | -20.32% | 19.04% | -15.64% | -4.53% |
Correlation
The correlation between TYG and MLPX is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2013 | 0.75 |
Over the past year, the correlation between TYG and MLPX has dropped to 0.45 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
TYG vs. MLPX — Risk / Return Rank
TYG
MLPX
TYG vs. MLPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise Energy Infrastructure Closed Fund (TYG) and Global X MLP & Energy Infrastructure ETF (MLPX). 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 | MLPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.29 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 3.27 | -2.44 |
| Martin ratioReturn relative to average drawdown | 1.92 | 7.63 | -5.71 |
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Drawdowns
TYG vs. MLPX - Drawdown Comparison
The maximum TYG drawdown since its inception was -95.34%, which is greater than MLPX's maximum drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for TYG and MLPX.
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Drawdown Indicators
| TYG | MLPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.34% | -70.67% | -24.67% |
Max Drawdown (1Y)Largest decline over 1 year | -13.94% | -8.18% | -5.76% |
Max Drawdown (3Y)Largest decline over 3 years | -25.08% | -16.77% | -8.31% |
Max Drawdown (5Y)Largest decline over 5 years | -25.08% | -19.72% | -5.36% |
Max Drawdown (10Y)Largest decline over 10 years | -94.98% | -64.70% | -30.28% |
Current DrawdownCurrent decline from peak | -35.77% | -3.27% | -32.50% |
Average DrawdownAverage peak-to-trough decline | -29.46% | -16.47% | -12.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.99% | 3.49% | +2.50% |
Volatility
TYG vs. MLPX - Volatility Comparison
The current volatility for Tortoise Energy Infrastructure Closed Fund (TYG) is 4.06%, while Global X MLP & Energy Infrastructure ETF (MLPX) has a volatility of 5.46%. This indicates that TYG experiences smaller price fluctuations and is considered to be less risky than MLPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYG | MLPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 5.46% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 16.27% | 12.52% | +3.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.40% | 15.68% | +3.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.56% | 19.90% | +3.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.09% | 26.14% | +24.95% |
TYG vs. MLPX - Expense Ratio Comparison
TYG has a 2.90% expense ratio, which is higher than MLPX's 0.45% expense ratio.
Dividends
TYG vs. MLPX - Dividend Comparison
TYG's dividend yield for the trailing twelve months is around 12.52%, more than MLPX's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPX Global X MLP & Energy Infrastructure ETF | 4.05% | 4.88% | 4.30% | 5.22% | 5.23% | 5.98% | 8.32% | 5.78% | 5.77% | 4.36% | 5.50% | 4.81% |
TYG Tortoise Energy Infrastructure Closed Fund | 12.52% | 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
TYG and MLPX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MLPX has higher volatility (5.46%) compared to TYG (4.06%). In terms of maximum drawdown, TYG dropped -95.34% vs MLPX's -70.67%.
MLPX currently has the higher Sharpe Ratio (1.71 vs 0.59), 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.
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