TYG vs. USA
TYG (Tortoise Energy Infrastructure Closed Fund) is MLPs fund actively managed by Tortoise, while USA (Liberty All-Star Equity Fund) is a stock. Over the past 10 years, TYG returned -1.19%/yr vs 12.11%/yr for USA. At a 0.38 correlation, their price movements are largely independent.
Performance
TYG vs. USA - Performance Comparison
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Returns By Period
In the year-to-date period, TYG achieves a 12.81% return, which is significantly higher than USA's -2.12% return. Over the past 10 years, TYG has underperformed USA with an annualized return of -1.19%, while USA has yielded a comparatively higher 12.11% annualized return.
TYG
- 1D
- -1.17%
- 1M
- -11.67%
- YTD
- 12.81%
- 6M
- 7.85%
- 1Y
- 18.81%
- 3Y*
- 28.24%
- 5Y*
- 19.47%
- 10Y*
- -1.19%
USA
- 1D
- -0.51%
- 1M
- 1.22%
- YTD
- -2.12%
- 6M
- 0.11%
- 1Y
- -2.70%
- 3Y*
- 9.02%
- 5Y*
- 1.77%
- 10Y*
- 12.11%
TYG vs. USA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TYG Tortoise Energy Infrastructure Closed Fund | 12.81% | 8.46% | 60.18% | -0.37% | 24.20% | 46.86% | -70.31% | 1.79% | -24.74% | 3.17% |
USA Liberty All-Star Equity Fund | -2.12% | 0.09% | 20.81% | 23.17% | -25.20% | 33.76% | 12.89% | 39.70% | -5.06% | 34.66% |
Correlation
The correlation between TYG and USA is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2004 | 0.38 |
Over the past year, the correlation between TYG and USA has dropped to 0.10 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
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Return for Risk
TYG vs. USA — Risk / Return Rank
TYG
USA
TYG vs. USA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise Energy Infrastructure Closed Fund (TYG) and Liberty All-Star Equity Fund (USA). 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 | USA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.17 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.98 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | -0.18 | +1.80 |
| Martin ratioReturn relative to average drawdown | 5.20 | -0.43 | +5.63 |
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 | USA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | -0.20 | +1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.09 | +0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.02 | 0.54 | -0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.34 | -0.24 |
Drawdowns
TYG vs. USA - Drawdown Comparison
The maximum TYG drawdown since its inception was -95.34%, which is greater than USA's maximum drawdown of -69.15%. Use the drawdown chart below to compare losses from any high point for TYG and USA.
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Drawdown Indicators
| TYG | USA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.34% | -69.15% | -26.19% |
Max Drawdown (1Y)Largest decline over 1 year | -11.67% | -15.28% | +3.61% |
Max Drawdown (3Y)Largest decline over 3 years | -25.08% | -17.69% | -7.39% |
Max Drawdown (5Y)Largest decline over 5 years | -25.08% | -34.05% | +8.97% |
Max Drawdown (10Y)Largest decline over 10 years | -94.98% | -47.07% | -47.91% |
Current DrawdownCurrent decline from peak | -35.65% | -7.37% | -28.28% |
Average DrawdownAverage peak-to-trough decline | -29.42% | -11.52% | -17.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 6.31% | -2.68% |
Volatility
TYG vs. USA - Volatility Comparison
Tortoise Energy Infrastructure Closed Fund (TYG) has a higher volatility of 7.20% compared to Liberty All-Star Equity Fund (USA) at 2.50%. This indicates that TYG's price experiences larger fluctuations and is considered to be riskier than USA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYG | USA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.20% | 2.50% | +4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 17.34% | 10.16% | +7.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.45% | 13.45% | +6.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.06% | 20.24% | +3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.16% | 22.55% | +28.61% |
Dividends
TYG vs. USA - Dividend Comparison
TYG's dividend yield for the trailing twelve months is around 12.95%, more than USA's 11.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TYG Tortoise Energy Infrastructure Closed Fund | 12.95% | 11.25% | 7.96% | 9.87% | 8.94% | 5.27% | 10.85% | 14.61% | 13.17% | 9.01% | 8.54% | 13.95% |
USA Liberty All-Star Equity Fund | 11.68% | 10.67% | 10.22% | 9.56% | 12.11% | 9.67% | 9.13% | 9.75% | 12.64% | 8.89% | 9.30% | 9.53% |
Frequently Asked Questions
TYG and USA have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TYG has higher volatility (7.20%) compared to USA (2.50%). In terms of maximum drawdown, TYG dropped -95.34% vs USA's -69.15%.
TYG currently has the higher Sharpe Ratio (0.97 vs -0.20), 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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