MDSTvsTPYPETF Comparison
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Westwood Salient Enhanced Midstream Income ETF (MDST) belongs to the Options Strategies segment. Tortoise North American Pipeline Fund ETF - USD (TPYP) is part of the Infrastructure segment. Both ETFs have the same top 3 sector exposures: and Energy. MDST is more expensive with a Total Expense Ratio (TER) of 0.8%, versus 0.4% for TPYP. MDST is up 13.65% year-to-date (YTD) with +$52M in YTD flows. TPYP performs better with 24.04% YTD performance, and +$32M in YTD flows. Run a side-by-side ETF comparison of MDST and TPYP below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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MDST vs TPYP performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MDST TPYP | +0.29%+1.52% | +7.70%+15.94% | +13.65%+24.04% | +20.17%+28.89% | n/a+99.60% | n/a+154.28% |
| Flows | MDST TPYP | +$14M-$5M | +$43M+$30M | +$52M+$32M | +$142M+$19M | -+$2M | --$3M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MDST TPYP | +9.81%+13.87% | +11.39%+12.49% | n/a+14.95% | n/a+17.17% |
| Max drawdown | MDST TPYP | -4.32%-5.44% | -5.89%-6.92% | n/a-12.89% | n/a-17.85% |
| Max drawdown duration | MDST TPYP | 34d31d | 66d114d | n/a174d | n/a574d |
Trading data
MDST | TPYP | |
Last sale 5/1/2026 at 4:06 PM | $29.14 | $43.50 |
| Previous close 04/29/2026 | $29.33 | $42.33 |
| Consolidated volume 04/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 30, 2026
1-year trailing difference
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MDST
is actively managed and doesn’t replicate an indexMDST | TPYP | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 5/1/2026 at 4:06 PM
Live
Closed
MDST | TPYP | |
|---|---|---|
| Last price | $29.14 | $43.50 |
| 1D performance | -0.65% | +2.76% |
| AuM | $241.90 M | $894.77 M |
| E/R | 0.8% | 0.4% |
Characteristics
MDST | TPYP | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Westwood | Tortoise Capital |
| Benchmark | - | Tortoise North American Pipeline Index |
| N° of holdings | 20 | 41 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 9, 2024 | June 30, 2015 |
| ESG | No | No |
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Exposure
Countries
MDST
USA
74.28%
Canada
17.8%
Other
7.92%
TPYP
USA
73.98%
Canada
25.66%
Other
0.36%
Sectors
MDST
Energy
92.08%
Other
7.92%
TPYP
Energy
76.95%
Utilities
20.33%
Other
2.72%
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Diversification
MDST
Total weight of top 15 holdings out of 15
85.36%
TPYP
Total weight of top 15 holdings out of 15
75.36%
Top 15 holdings
Data as of March 31, 2026
MDST
ENBRIDGE
8.66%
ENERGY TRANSFER LP UNITS
8.65%
WILLIAMS
8.28%
ENTERPRISE PRODUCTS PARTNERS UNT
6.77%
DT MIDSTREAM INC
5.90%
KINDER MORGAN
5.81%
CHENIERE ENERGY
5.25%
ONEOK
4.93%
ANTERO MIDSTREAM CORPORATION
4.66%
TC ENERGY CORP
4.63%
MPLX COMMON UNITS
4.52%
PEMBINA PIPELINE
4.51%
PLAINS GP HOLDINGS
4.38%
TARGA RESOURCS
4.32%
HESS MIDSTREAM PARTNERS LP
4.09%
TPYP
CHENIERE ENERGY
7.55%
KINDER MORGAN
7.41%
ENBRIDGE
7.37%
TC ENERGY CORP
7.20%
WILLIAMS
7.09%
ONEOK
6.98%
ENTERPRISE PRODUCTS PARTNERS UNT
4.08%
TARGA RESOURCS
4.07%
ENERGY TRANSFER LP UNITS
4.06%
PEMBINA PIPELINE
3.94%
NISOURCE
3.90%
ATMOS ENERGY
3.90%
ALTAGAS
2.91%
MPLX COMMON UNITS
2.50%
NFG
2.40%
Frequently asked questions about MDST and TPYP
How have the MDST and TPYP ETFs performed in 2026?
As of April 29, 2026, MDST is up 13.65% year-to-date (YTD), while TPYP has returned 24.04%. That puts TPYP better performer ahead so far this year.
Which ETF is attracting more investor money: MDST or TPYP?
Year-to-date, the MDST ETF saw +$52M in flows, compared to +$32M for TPYP.
Which ETF is more volatile: MDST or TPYP?
Over the past year, MDST had a volatility of 11.39%, while TPYP experienced 12.49%.
Which ETF is bigger: MDST or TPYP?
As of April 29, 2026, MDST holds $241.90 M in assets under management (AUM), while TPYP manages $894.77 M.
What sectors do the MDST and TPYP ETFs invest in?
MDST leans toward sectors like Energy. Meanwhile, TPYP focuses on Energy and Utilities.
What are the top holdings of the MDST ETF and TPYP ETF?
MDST top holdings include ENBRIDGE, ENERGY TRANSFER LP UNITS and WILLIAMS. TPYP holds in its top three: CHENIERE ENERGY, KINDER MORGAN and ENBRIDGE.
Which ETF is more diversified: MDST or TPYP?
MDST holds 20 securities with 85.36% of its assets in the top 15. TPYP has 44 securities and a top 15 weight of 75.36%.
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Latest news about MDST & TPYP
Westwood Launches BFRE ETF: A New Approach to Global Equity Investing
March 27, 2025
MDST
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