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TPYPvsMLPIETF Comparison

ETF 1
TPYP

Tortoise North American Pipeline Fund ETF - USD

This fund is part of
Infrastructure
-0.27%
VS
ETF 2
MLPI

NEOS MLP & Energy Infrastructure High Income ETF

This fund is part of
Options Strategies
+0.26%

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 18.51% year-to-date (YTD) with +$61M in YTD flows. MLPI performs worse with 15.27% YTD performance, and +$502M 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

-5.0-4.0-3.0-2.0-1.00.01.0%Mar 24Mar 31Apr 8Apr 15Apr 22

Cumulative Flows

0 M20 M40 M60 M80 M100 M120 MMar 24Mar 31Apr 8Apr 15Apr 22

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Historic performance and flows
Data as of 04/24/2026
1M3MYTD1Y3Y5Y
Perf.
TPYP
MLPI
-3.08%-2.22%
+13.50%+11.01%
+18.51%+15.27%
+21.58%n/a
+90.53%n/a
+148.20%n/a
Flows
TPYP
MLPI
+$27M+$125M
+$60M+$421M
+$61M+$502M
+$46M-
+$31M-
+$29M-
Volatility and drawdown
3M1Y3Y5Y
Volatility
TPYP
MLPI
+12.99%+11.95%
+12.31%n/a
+14.89%n/a
+17.14%n/a
Max drawdown
TPYP
MLPI
-5.44%-4.42%
-6.92%n/a
-12.89%n/a
-17.85%n/a
Max drawdown duration
TPYP
MLPI
26d29d
114dn/a
174dn/a
574dn/a
Trading data

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TPYP
MLPI
Last sale
4/27/2026 at 1:30 PM
$41.43
Previous close
04/24/2026
$41.50
Consolidated volume
04/24/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of March 31, 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
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Main metrics
Last update 4/27/2026 at 1:30 PM
Live
Closed
TPYP
MLPI
Last price
$41.43
1D performance
-0.17%
AuM$883.95 M$538.81 M
E/R0.4%0.68%
Characteristics
TPYP
MLPI
Management strategyPassiveActive
ProviderTortoise CapitalNEOS Investment Management
BenchmarkTortoise North American Pipeline Index-
N° of holdings4122
Asset classEquities-
Trailing 12m distribution yield
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Inception dateJune 30, 2015December 18, 2025
ESGNoNo
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Exposure

Countries

TPYP
USA
73.98%
Canada
25.66%
Other
0.36%
MLPI
USA
72.72%
Canada
23.96%
Other
3.32%

Sectors

TPYP
Energy
76.95%
Utilities
20.33%
Other
2.72%
MLPI
Energy
91.31%
Other
8.69%
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Diversification

TPYP

Total weight of top 15 holdings out of 15

75.36%
MLPI

Total weight of top 15 holdings out of 15

79.37%

Top 15 holdings

Data as of March 31, 2026
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%
MLPI
ENBRIDGE
9.43%
WILLIAMS
9.27%
TC ENERGY CORP
6.13%
KINDER MORGAN
5.96%
PEMBINA PIPELINE
5.67%
CHENIERE ENERGY
5.42%
ONEOK
4.76%
TARGA RESOURCS
4.75%
ENTERPRISE PRODUCTS PARTNERS UNT
4.33%
ENERGY TRANSFER LP UNITS
4.32%
NEXTDECADE CORPORATION
4.22%
MPLX COMMON UNITS
3.97%
DT MIDSTREAM INC
3.88%
ANTERO MIDSTREAM CORPORATION
3.76%
CHENIERE ENERGY PARTNERS UNT
3.50%
Frequently asked questions about TPYP and MLPI

How have the TPYP and MLPI ETFs performed in 2026?

As of April 24, 2026, TPYP is up 18.51% year-to-date (YTD), while MLPI has returned 15.27%. 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 +$61M in flows, compared to +$502M for MLPI.

Which ETF is bigger: TPYP or MLPI?

As of April 24, 2026, TPYP holds $883.95 M in assets under management (AUM), while MLPI manages $538.81 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 CHENIERE ENERGY, KINDER MORGAN and ENBRIDGE. MLPI holds in its top three: ENBRIDGE, WILLIAMS and TC ENERGY CORP.

Which ETF is more diversified: TPYP or MLPI?

TPYP holds 44 securities with 75.36% of its assets in the top 15. MLPI has 24 securities and a top 15 weight of 79.37%.

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