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TPYPvsMLPIETF Comparison

ETF 1

TPYP

Tortoise North American Pipeline Fund ETF - USD

This fund is part of

Infrastructure

+0%

Full TPYP fund page

VS

ETF 2

MLPI

NEOS MLP & Energy Infrastructure High Income ETF

This fund is part of

Options Strategies

+0%

Full MLPI fund page

Tortoise North American Pipeline Fund ETF - USD (TPYP) belongs to the Infrastructure segment. NEOS MLP & Energy Infrastructure High Income ETF (MLPI) is part of the Options Strategies segment. TPYP's top 3 sector exposures are Energy and Utilities. In contrast, MLPI's top sector exposures are Energy TPYP is less expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.68% for MLPI. TPYP is up 18.75% year-to-date (YTD) with +$22M in YTD flows. MLPI performs worse with 16.74% YTD performance, and +$634M in YTD flows. Run a side-by-side ETF comparison of TPYP and MLPI 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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TPYP vs MLPI performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 06/18/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	TPYP MLPI	-5.28%-3.67%	-0.16%+2.06%	+18.75%+16.74%	+22.28%n/a	+92.87%n/a	+129.57%n/a
Flows	TPYP MLPI	+$6M+$92M	+$9M+$273M	+$22M+$634M	+$25M-	+$34M-	-$11M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	TPYP MLPI	+16.46%+14.79%	+13.29%n/a	+15.03%n/a	+17.21%n/a
Max drawdown	TPYP MLPI	-6.70%-5.41%	-6.92%n/a	-12.89%n/a	-17.85%n/a
Max drawdown duration	TPYP MLPI	30d24d	114dn/a	174dn/a	574dn/a

Trading data

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	TPYP	MLPI
Last sale 6/18/2026 at 1:30 PM	$41.52
Previous close 06/18/2026	$41.45
Consolidated volume 06/18/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of May 29, 2026

1-year trailing difference

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MLPI

is actively managed and doesn’t replicate an index

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	TPYP	MLPI
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 6/18/2026 at 1:30 PM

Live

Closed

	TPYP	MLPI
Last price	$41.52	–
1D performance	+0.16%	–
AuM	$847.05 M	$659.58 M
E/R	0.4%	0.68%

Characteristics

	TPYP	MLPI
Management strategy	Passive	Active
Provider	Tortoise Capital	NEOS Investment Management
Benchmark	Tortoise North American Pipeline Index	-
N° of holdings	41	22
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	June 30, 2015	December 18, 2025
ESG	No	No

More TPYP data on Trackinsight

More MLPI data on Trackinsight

Exposure

Countries

TPYP

USA

73.65%

Canada

25.96%

Other

0.39%

MLPI

USA

72.27%

Canada

24.31%

Other

3.42%

Sectors

TPYP

Energy

76.16%

Utilities

21.24%

Other

2.6%

MLPI

Energy

90.1%

Other

9.9%

Diversification

TPYP

Total weight of top 15 holdings out of 15

75.02%

MLPI

Total weight of top 15 holdings out of 15

78.32%

Top 15 holdings

Data as of April 30, 2026

TPYP

TC ENERGY CORP

7.37%

ENBRIDGE

7.35%

WILLIAMS

7.24%

KINDER MORGAN

7.03%

CHENIERE ENERGY

6.88%

ONEOK

6.80%

NISOURCE

4.18%

ENTERPRISE PRODUCTS PARTNERS UNT

4.12%

TARGA RESOURCS

4.09%

ENERGY TRANSFER LP UNITS

4.07%

ATMOS ENERGY

4.04%

PEMBINA PIPELINE

3.90%

ALTAGAS

3.17%

MPLX COMMON UNITS

2.45%

NFG

2.33%

MLPI

WILLIAMS

9.44%

ENBRIDGE

9.41%

TC ENERGY CORP

6.28%

KINDER MORGAN

5.65%

PEMBINA PIPELINE

5.61%

CHENIERE ENERGY

4.93%

TARGA RESOURCS

4.76%

ONEOK

4.64%

ENTERPRISE PRODUCTS PARTNERS UNT

4.37%

ENERGY TRANSFER LP UNITS

4.34%

DT MIDSTREAM INC

4.01%

NEXTDECADE CORPORATION

3.91%

MPLX COMMON UNITS

3.88%

ANTERO MIDSTREAM CORPORATION

3.62%

US1559231055

3.47%

Frequently asked questions about TPYP and MLPI

TPYPvsMLPIETF Comparison

Tortoise North American Pipeline Fund ETF - USD

NEOS MLP & Energy Infrastructure High Income ETF

TPYP vs MLPI performance and flow charts

Performance

Cumulative Flows

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Countries

Sectors

Diversification

Top 15 holdings

How have the TPYP and MLPI ETFs performed in 2026?

As of June 18, 2026, TPYP is up 18.75% year-to-date (YTD), while MLPI has returned 16.74%. That puts TPYP better performer ahead so far this year.

Which ETF is attracting more investor money: TPYP or MLPI?

Year-to-date, the TPYP ETF saw +$22M in flows, compared to +$634M for MLPI.

Which ETF is bigger: TPYP or MLPI?

As of June 18, 2026, TPYP holds $847.05 M in assets under management (AUM), while MLPI manages $659.58 M.

What sectors do the TPYP and MLPI ETFs invest in?

TPYP leans toward sectors like Energy and Utilities. Meanwhile, MLPI focuses on Energy.

What are the top holdings of the TPYP ETF and MLPI ETF?

TPYP top holdings include TC ENERGY CORP, ENBRIDGE and WILLIAMS. MLPI holds in its top three: WILLIAMS, ENBRIDGE and TC ENERGY CORP.

Which ETF is more diversified: TPYP or MLPI?

TPYP holds 44 securities with 75.02% of its assets in the top 15. MLPI has 24 securities and a top 15 weight of 78.32%.

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