TYG vs. NXG
TYG (Tortoise Energy Infrastructure Closed Fund) and NXG (NXG NextGen Infrastructure Income Fund) are both mutual funds - TYG is a MLPs fund actively managed by Tortoise, while NXG is a Global Equity Income fund actively managed by NXG. Both are actively managed. Over the past 3 years, TYG returned 28.47%/yr vs 35.87%/yr for NXG. At a 0.48 correlation, their price movements are largely independent. TYG charges 2.90%/yr vs 1.00%/yr for NXG.
Performance
TYG vs. NXG - Performance Comparison
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Returns By Period
In the year-to-date period, TYG achieves a 11.46% return, which is significantly lower than NXG's 24.88% return.
TYG
- 1D
- 0.87%
- 1M
- -6.10%
- YTD
- 11.46%
- 6M
- 11.03%
- 1Y
- 14.27%
- 3Y*
- 28.47%
- 5Y*
- 18.87%
- 10Y*
- -1.34%
NXG
- 1D
- 1.21%
- 1M
- 4.07%
- YTD
- 24.88%
- 6M
- 26.97%
- 1Y
- 38.01%
- 3Y*
- 35.87%
- 5Y*
- —
- 10Y*
- —
TYG vs. NXG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TYG Tortoise Energy Infrastructure Closed Fund | 11.46% | 8.46% | 60.18% | -0.37% | -2.56% |
NXG NXG NextGen Infrastructure Income Fund | 24.88% | 25.98% | 51.16% | 4.54% | -4.87% |
Correlation
The correlation between TYG and NXG is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2022 | 0.48 |
Over the past year, the correlation between TYG and NXG has dropped to 0.25 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
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Return for Risk
TYG vs. NXG — Risk / Return Rank
TYG
NXG
TYG vs. NXG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise Energy Infrastructure Closed Fund (TYG) and NXG NextGen Infrastructure Income Fund (NXG). 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 | NXG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.35 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 2.90 | -1.87 |
| Martin ratioReturn relative to average drawdown | 3.10 | 7.89 | -4.78 |
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Drawdowns
TYG vs. NXG - Drawdown Comparison
The maximum TYG drawdown since its inception was -95.34%, which is greater than NXG's maximum drawdown of -26.14%. Use the drawdown chart below to compare losses from any high point for TYG and NXG.
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Drawdown Indicators
| TYG | NXG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.34% | -26.14% | -69.20% |
Max Drawdown (1Y)Largest decline over 1 year | -13.94% | -13.19% | -0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -25.08% | -26.14% | +1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -25.08% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -94.98% | — | — |
Current DrawdownCurrent decline from peak | -36.42% | -0.54% | -35.88% |
Average DrawdownAverage peak-to-trough decline | -29.43% | -6.54% | -22.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.61% | 4.83% | -0.22% |
Volatility
TYG vs. NXG - Volatility Comparison
The current volatility for Tortoise Energy Infrastructure Closed Fund (TYG) is 4.08%, while NXG NextGen Infrastructure Income Fund (NXG) has a volatility of 5.17%. This indicates that TYG experiences smaller price fluctuations and is considered to be less risky than NXG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYG | NXG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 5.17% | -1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 17.33% | 13.84% | +3.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.44% | 19.41% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.85% | 26.77% | -2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.14% | 26.77% | +24.37% |
TYG vs. NXG - Expense Ratio Comparison
TYG has a 2.90% expense ratio, which is higher than NXG's 1.00% expense ratio.
Dividends
TYG vs. NXG - Dividend Comparison
TYG's dividend yield for the trailing twelve months is around 13.11%, more than NXG's 11.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NXG NXG NextGen Infrastructure Income Fund | 11.01% | 12.83% | 14.15% | 12.00% | 1.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TYG Tortoise Energy Infrastructure Closed Fund | 13.11% | 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 NXG have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NXG has higher volatility (5.17%) compared to TYG (4.08%). In terms of maximum drawdown, TYG dropped -95.34% vs NXG's -26.14%.
NXG currently has the higher Sharpe Ratio (1.97 vs 0.74), 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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