USNZ vs. TPYP
Compare and contrast key facts about Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) and Tortoise North American Pipeline Fund (TPYP).
USNZ and TPYP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USNZ is a passively managed fund by Xtrackers that tracks the performance of the Solactive ISS ESG United States Net Zero Pathway Enhanced Index - Benchmark TR Net. It was launched on Jun 27, 2022. TPYP is a passively managed fund by Tortoise that tracks the performance of the Tortoise North American Pipeline Index. It was launched on Jun 30, 2015. Both USNZ and TPYP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
USNZ vs. TPYP - Performance Comparison
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USNZ vs. TPYP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF | -6.06% | 17.76% | 21.96% | 27.76% | 0.74% |
TPYP Tortoise North American Pipeline Fund | 19.60% | 7.59% | 37.37% | 10.51% | 2.20% |
Returns By Period
In the year-to-date period, USNZ achieves a -6.06% return, which is significantly lower than TPYP's 19.60% return.
USNZ
- 1D
- 0.97%
- 1M
- -4.95%
- YTD
- -6.06%
- 6M
- -4.02%
- 1Y
- 15.86%
- 3Y*
- 16.46%
- 5Y*
- —
- 10Y*
- —
TPYP
- 1D
- -1.13%
- 1M
- -0.35%
- YTD
- 19.60%
- 6M
- 17.45%
- 1Y
- 18.70%
- 3Y*
- 25.07%
- 5Y*
- 20.76%
- 10Y*
- 13.33%
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USNZ vs. TPYP - Expense Ratio Comparison
USNZ has a 0.10% expense ratio, which is lower than TPYP's 0.40% expense ratio.
Return for Risk
USNZ vs. TPYP — Risk / Return Rank
USNZ
TPYP
USNZ vs. TPYP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) and Tortoise North American Pipeline Fund (TPYP). 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.
| USNZ | TPYP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.85 | 1.13 | -0.28 |
Sortino ratioReturn per unit of downside risk | 1.34 | 1.49 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.31 | 1.48 | -0.17 |
Martin ratioReturn relative to average drawdown | 5.44 | 5.15 | +0.29 |
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
| USNZ | TPYP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 1.13 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.20 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.43 | +0.52 |
Correlation
The correlation between USNZ and TPYP is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
USNZ vs. TPYP - Dividend Comparison
USNZ's dividend yield for the trailing twelve months is around 1.11%, less than TPYP's 3.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF | 1.11% | 1.02% | 1.14% | 1.19% | 0.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TPYP Tortoise North American Pipeline Fund | 3.26% | 3.91% | 3.95% | 4.83% | 4.48% | 4.86% | 6.14% | 4.45% | 4.58% | 3.71% | 3.49% | 2.56% |
Drawdowns
USNZ vs. TPYP - Drawdown Comparison
The maximum USNZ drawdown since its inception was -19.16%, smaller than the maximum TPYP drawdown of -51.91%. Use the drawdown chart below to compare losses from any high point for USNZ and TPYP.
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Drawdown Indicators
| USNZ | TPYP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.16% | -51.91% | +32.75% |
Max Drawdown (1Y)Largest decline over 1 year | -12.21% | -13.17% | +0.96% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.91% | — |
Current DrawdownCurrent decline from peak | -7.41% | -2.76% | -4.65% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -7.97% | +4.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 3.78% | -0.84% |
Volatility
USNZ vs. TPYP - Volatility Comparison
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) has a higher volatility of 5.92% compared to Tortoise North American Pipeline Fund (TPYP) at 3.37%. This indicates that USNZ's price experiences larger fluctuations and is considered to be riskier than TPYP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USNZ | TPYP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.92% | 3.37% | +2.55% |
Volatility (6M)Calculated over the trailing 6-month period | 10.36% | 9.03% | +1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.72% | 16.63% | +2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.76% | 17.32% | -0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 21.96% | -5.20% |