TYG vs. NML
Compare and contrast key facts about Tortoise Energy Infrastructure Closed Fund (TYG) and Neuberger Berman MLP (NML).
TYG is an actively managed fund by Tortoise. NML is an actively managed fund by Neuberger Berman. It was launched on Mar 26, 2013.
Performance
TYG vs. NML - Performance Comparison
Loading graphics...
TYG vs. NML - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TYG Tortoise Energy Infrastructure Closed Fund | 25.59% | 8.46% | 60.18% | -0.37% | 24.20% | 46.86% | -70.31% | 1.79% | -24.74% | 3.17% |
NML Neuberger Berman MLP | 25.95% | 4.36% | 40.55% | 14.61% | 32.75% | 61.76% | -45.84% | 10.60% | -23.02% | 7.07% |
Returns By Period
The year-to-date returns for both investments are quite close, with TYG having a 25.59% return and NML slightly higher at 25.95%. Over the past 10 years, TYG has underperformed NML with an annualized return of 2.35%, while NML has yielded a comparatively higher 12.90% annualized return.
TYG
- 1D
- -0.24%
- 1M
- 1.04%
- YTD
- 25.59%
- 6M
- 22.94%
- 1Y
- 29.72%
- 3Y*
- 31.98%
- 5Y*
- 25.76%
- 10Y*
- 2.35%
NML
- 1D
- -0.19%
- 1M
- 3.44%
- YTD
- 25.95%
- 6M
- 25.36%
- 1Y
- 26.49%
- 3Y*
- 27.91%
- 5Y*
- 28.84%
- 10Y*
- 12.90%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TYG vs. NML - Expense Ratio Comparison
TYG has a 2.90% expense ratio, which is higher than NML's 2.72% expense ratio.
Return for Risk
TYG vs. NML — Risk / Return Rank
TYG
NML
TYG vs. NML - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise Energy Infrastructure Closed Fund (TYG) and Neuberger Berman MLP (NML). 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 | NML | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.33 | 1.22 | +0.11 |
Sortino ratioReturn per unit of downside risk | 1.78 | 1.60 | +0.18 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.25 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 1.66 | -0.10 |
Martin ratioReturn relative to average drawdown | 6.61 | 5.64 | +0.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| TYG | NML | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 1.22 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.09 | 1.21 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.05 | 0.37 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.08 | +0.03 |
Correlation
The correlation between TYG and NML is 0.70, 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. NML - Dividend Comparison
TYG's dividend yield for the trailing twelve months is around 9.89%, more than NML's 6.67% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TYG Tortoise Energy Infrastructure Closed Fund | 9.89% | 11.25% | 7.96% | 9.87% | 8.94% | 5.27% | 10.85% | 14.61% | 13.17% | 9.01% | 8.54% | 13.95% |
NML Neuberger Berman MLP | 6.67% | 8.24% | 7.94% | 10.19% | 4.26% | 3.54% | 8.33% | 9.76% | 9.87% | 7.04% | 8.63% | 15.44% |
Drawdowns
TYG vs. NML - Drawdown Comparison
The maximum TYG drawdown since its inception was -95.34%, which is greater than NML's maximum drawdown of -90.48%. Use the drawdown chart below to compare losses from any high point for TYG and NML.
Loading graphics...
Drawdown Indicators
| TYG | NML | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.34% | -90.48% | -4.86% |
Max Drawdown (1Y)Largest decline over 1 year | -18.76% | -15.72% | -3.04% |
Max Drawdown (5Y)Largest decline over 5 years | -25.08% | -21.40% | -3.68% |
Max Drawdown (10Y)Largest decline over 10 years | -94.98% | -84.84% | -10.14% |
Current DrawdownCurrent decline from peak | -28.36% | -0.66% | -27.70% |
Average DrawdownAverage peak-to-trough decline | -29.40% | -37.54% | +8.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.42% | 4.62% | -0.20% |
Volatility
TYG vs. NML - Volatility Comparison
Tortoise Energy Infrastructure Closed Fund (TYG) has a higher volatility of 7.81% compared to Neuberger Berman MLP (NML) at 4.14%. This indicates that TYG's price experiences larger fluctuations and is considered to be riskier than NML based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| TYG | NML | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.81% | 4.14% | +3.67% |
Volatility (6M)Calculated over the trailing 6-month period | 13.83% | 12.52% | +1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.42% | 21.79% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.76% | 23.88% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.23% | 35.35% | +15.88% |