Tortoise North American Pipeline ETF
$42.31+0.42 (+1.00%)
- 0.40%
- $866M
- +23.7%
- 3.27%
- 0M sh
- $41.80
- low $33.94high $44.65
The ETF.net TPYP Grade
C
Score 50 out of 100
- 6 of 11
Score 50 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C41 out of 100Rank 7 of 11Mission
Whether the fund did what it promised, tested against its stated mandate.C45 out of 100Rank 3 of 6Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A80 out of 100Rank 1 of 11Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D36 out of 100Rank 7 of 11Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B65 out of 100Rank 4 of 11Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B62 out of 100Rank 5 of 11
Our read on TPYP
CMost energy ETFs chase drilling. TPYP buys the plumbing: roughly 60 US and Canadian pipeline and midstream companies, tracked through a Tortoise index, in a plain 1940 Act fund that sends a 1099 instead of a partnership K-1.
The Fund seeks to track, before fees and expenses, the price and total-return performance of the Tortoise North American Pipeline Index.
Why people hold it
- Owns the plumbing rather than the drill bits: roughly 60 pipeline and midstream names across the US and Canada, in one ticker.
- Built as a 1940 Act registered fund, so shareholders get a 1099 at tax time instead of the partnership K-1 that comes with owning MLPs directly.
- Trading since 2015 with a mid-size asset base, and it distributes on a quarterly schedule.
Worth knowing
- The 0.40% fee sits a shade above the typical fund in its energy cohort and well above the cheapest name there, PBOG at 0.13%.
- The benchmark is Tortoise's own North American Pipeline Index, so the fund and the rulebook it follows come from the same house.
- One sector, two countries: energy infrastructure in the US and Canada, with Canadian holdings adding currency exposure.
TPYP Holdings
- Stocks
- 46
- 64%
- KMI
Sectors
- Energy86.3%
- Utilities13.7%
Geography
- United States74.61%
- Canada25.39%
TPYP Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
TPYP$12,366
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | TPYP |
|---|---|
| Year to date | +21.6% |
| 1 month | −1.1% |
| 3 months | −1.1% |
| 1 year | +23.7% |
| 3 years | +23.7% |
| 5 years | +17.6% |
| 10 years | +11.1% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TPYP |
|---|---|---|
| 2026 YTD | +21.6% | |
| 2025 | +7.6% | |
| 2024 | +37.4% | |
| 2023 | +10.5% | |
| 2022 | +16.1% | |
| 2021 | +34.9% | |
| 2020 | −20.9% |
TPYP in the news
TPYP Dividends
- 3.27%
- $1.37
- $0.34 per share
- Quarterly
Distribution history
TPYP Risk
- 14.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.15
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −17.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.28
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TPYP Cost
0.40%
TPYP0.40%
- The middle half of Oil & Gas Producers funds
- Median 0.39%
5 of the 10 Oil & Gas Producers funds charge less.
Other funds in Oil & Gas Producers
- BIEOiShares U.S. Oil & Gas Exploration & Production ETFExpense ratio 0.37%1 year return +70.7%
- BFTXNFirst Trust Nasdaq Oil & Gas ETFExpense ratio 0.60%1 year return +56.5%
- CIEZiShares U.S. Oil Equipment & Services ETFExpense ratio 0.37%1 year return +53.3%
- DPXEInvesco Energy Exploration & Production ETFExpense ratio 0.67%1 year return +59.4%
- DUMIUSCF Midstream Energy Income FundExpense ratio 0.85%1 year return +28.4%