WEEI vs. TPZ

Last updated Jul 17, 2026

WEEI (Westwood Salient Enhanced Energy Income ETF) and TPZ (Tortoise Electrification Infrastructure ETF) are both Energy Equities funds. Both are actively managed. Over the past year, WEEI returned 25.61% vs 13.35% for TPZ. At a 0.45 correlation, their price movements are largely independent. Both charge a 0.85% expense ratio.

Performance

WEEI vs. TPZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Westwood Salient Enhanced Energy Income ETF (WEEI) and Tortoise Electrification Infrastructure ETF (TPZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WEEI achieves a 16.66% return, which is significantly higher than TPZ's 10.28% return.

WEEI

• 1D: 0.68%
• 1M: 2.90%
• 6M: 12.52%
• YTD: 16.66%
• 1Y: 25.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TPZ

• 1D: 0.03%
• 1M: 2.16%
• 6M: 7.44%
• YTD: 10.28%
• 1Y: 13.35%
• 3Y*: 25.21%
• 5Y*: 18.00%
• 10Y*: 8.62%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WEEI vs. TPZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WEEI Westwood Salient Enhanced Energy Income ETF	16.66%	11.28%	-3.19%
TPZ Tortoise Electrification Infrastructure ETF	10.28%	5.67%	39.52%

Correlation

The correlation between WEEI and TPZ is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (All Time) Calculated using the full available price history since May 1, 2024	0.45

The correlation between WEEI and TPZ shifts across timeframes, from 0.31 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.

Return for Risk

WEEI vs. TPZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WEEI

WEEI Risk / Return Rank: 62
WEEI Sharpe Ratio Rank: 68
WEEI Sortino Ratio Rank: 61
WEEI Omega Ratio Rank: 62
WEEI Calmar Ratio Rank: 63
WEEI Martin Ratio Rank: 55

TPZ

TPZ Risk / Return Rank: 37
TPZ Sharpe Ratio Rank: 33
TPZ Sortino Ratio Rank: 32
TPZ Omega Ratio Rank: 30
TPZ Calmar Ratio Rank: 52
TPZ Martin Ratio Rank: 38

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WEEI vs. TPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Westwood Salient Enhanced Energy Income ETF (WEEI) and Tortoise Electrification Infrastructure ETF (TPZ). 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.

	WEEI	TPZ	Difference
Sharpe ratio: Return per unit of total volatility	1.76	0.97	+0.79
Sortino ratio: Return per unit of downside risk	2.32	1.43	+0.89
Omega ratio: Gain probability vs. loss probability	1.30	1.17	+0.13
Calmar ratio: Return relative to maximum drawdown	2.51	2.13	+0.37
Martin ratio: Return relative to average drawdown	7.62	4.70	+2.91

WEEI vs. TPZ - Sharpe Ratio Comparison

The current WEEI Sharpe Ratio is 1.76, which is higher than the TPZ Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of WEEI and TPZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WEEI vs. TPZ - Drawdown Comparison

The maximum WEEI drawdown since its inception was -18.78%, smaller than the maximum TPZ drawdown of -78.17%. Use the drawdown chart below to compare losses from any high point for WEEI and TPZ.

Drawdown Indicators

	WEEI	TPZ	Difference
Max Drawdown Largest peak-to-trough decline	-18.78%	-78.17%	+59.39%
Max Drawdown (1Y) Largest decline over 1 year	-10.27%	-6.29%	-3.98%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.78%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.78%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-77.04%	—
Current Drawdown Current decline from peak	-4.54%	-2.59%	-1.95%
Average Drawdown Average peak-to-trough decline	-4.30%	-11.88%	+7.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	2.84%	+0.53%

Volatility

WEEI vs. TPZ - Volatility Comparison

Westwood Salient Enhanced Energy Income ETF (WEEI) has a higher volatility of 4.99% compared to Tortoise Electrification Infrastructure ETF (TPZ) at 3.91%. This indicates that WEEI's price experiences larger fluctuations and is considered to be riskier than TPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WEEI	TPZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.99%	3.91%	+1.08%
Volatility (6M) Calculated over the trailing 6-month period	11.35%	10.78%	+0.57%
Volatility (1Y) Calculated over the trailing 1-year period	14.63%	13.76%	+0.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.33%	17.69%	+0.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.33%	27.70%	-9.37%

WEEI vs. TPZ - Expense Ratio Comparison

Both WEEI and TPZ have an expense ratio of 0.85%.

Dividends

WEEI vs. TPZ - Dividend Comparison

WEEI's dividend yield for the trailing twelve months is around 11.55%, more than TPZ's 3.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TPZ Tortoise Electrification Infrastructure ETF	3.69%	3.99%	5.88%	8.99%	9.52%	4.77%	8.80%	8.84%	9.41%	7.28%	6.88%	9.68%
WEEI Westwood Salient Enhanced Energy Income ETF	11.55%	12.59%	7.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WEEI and TPZ in my portfolio?

WEEI and TPZ have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WEEI or TPZ?

WEEI has higher volatility (4.99%) compared to TPZ (3.91%). In terms of maximum drawdown, WEEI dropped -18.78% vs TPZ's -78.17%.

Which ETF is better, WEEI or TPZ?

On 1-year performance, WEEI leads with 25.61% vs 13.35% for TPZ. Both ETFs have the same 0.85% expense ratio. On volatility, TPZ has been the lower-risk option at 3.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WEEI or TPZ?

Over the 1-year period, WEEI has performed better with a 25.61% return vs 13.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WEEI or TPZ?

WEEI and TPZ have the same expense ratio: 0.85% per year.

Which ETF pays a higher dividend yield, WEEI or TPZ?

WEEI has the higher dividend yield at 11.55%, compared with 3.69% for TPZ.

What is the main difference between WEEI and TPZ?

They also come from different issuers: Westwood and Tortoise.

Which has better risk-adjusted returns?

WEEI currently has the higher Sharpe Ratio (1.76 vs 0.97), 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.