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ETFs

Tortoise North American Pipeline ETF

TPYP
$--
Today’s Change
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Snapshot
*

Inception Date
Jun 30 2015
Expense Ratio
0.40%
Type
US Equities
Fund Owner
Tortoise Capital Advisors
Volume (1m avg. daily)
$939,710
AUM
$491,350,375
Associated Index
Tortoise North American Pipeline Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

OKE
Oneok Inc.
8.20%
ENB
Enbridge Inc
7.96%
TRP
TC Energy Corporation
7.54%
WMB
Williams Cos Inc
7.32%
KMI
Kinder Morgan Inc - Ordinary Shares - Class P
7.04%
LNG
Cheniere Energy Inc.
6.92%
EPD
Enterprise Products Partners L P - Unit
4.06%
ET
Energy Transfer LP - Unit
4.02%
NI
NiSource Inc
3.99%
PPL
Pembina Pipeline Corporation
3.91%
Invest with TPYP

What is TPYP?

The Tortoise North American Pipeline Fund uses a passive management approach and seeks to track the total return performance of the Tortoise North American Pipeline Index. The Tortoise North American Pipeline Index SM is a float-adjusted, capitalization weighted index of pipeline companies headquartered in the United States and Canada. A pipeline company is defined as a company that either 1) has been assigned a standard industrial classification ( SIC ) system code that indicates the company operates in the energy pipeline industry or 2) has at least 50% of its assets, cash flow or revenue associated with the operation or ownership of energy pipelines. Pipeline companies engage in the business of transporting natural gas, crude oil and refined products, storing, gathering and processing such as gas, oil and products and local gas distribution. The index includes pipeline companies structured as corporations limited liability companies and master limited partnerships (MLPs).

ETFs related toTPYP

ETFs correlated to TPYP include MLPX, EMLP, RLY

TPYP
Managed Portfolio Series - Tortoise North American Pipeline Fund ETF
MLPX
Global X Funds - Global X MLP & Energy Infrastructure ETF
EMLP
First Trust Exchange-Traded Fund III - First Trust North American Energy Infrastructure Fund
RLY
SSgA Active Trust - SPDR SSgA Multi-Asset Real Return ETF
DHS
WisdomTree Trust - WisdomTree U.S. High Dividend Fund
IGE
BlackRock Institutional Trust Company N.A. - iShares North American Natural Resources ETF
COWZ
Pacer Funds Trust - Pacer US Cash Cows 100 ETF
HDV
BlackRock Institutional Trust Company N.A. - iShares Core High Dividend ETF
FDL
First Trust Exchange-Traded Fund III - First Trust Morningstar Dividend Leaders Index Fund
INFL
Listed Funds Trust - Horizon Kinetics Inflation Beneficiaries ETF
FXN
First Trust Exchange-Traded Fund III - First Trust Energy AlphaDEX Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

TPYP is a US Equities ETF. The Tortoise North American Pipeline Fund uses a passive management approach and seeks to track the total return performance of the Tortoise North American Pipeline Index. The Tortoise North American Pipeline Index SM is a float-adjusted, capitalization weighted index of pipeline companies headquartered in the United States and Canada. A pipeline company is defined as a company that either 1) has been assigned a standard industrial classification ( SIC ) system code that indicates the company operates in the energy pipeline industry or 2) has at least 50% of its assets, cash flow or revenue associated with the operation or ownership of energy pipelines. Pipeline companies engage in the business of transporting natural gas, crude oil and refined products, storing, gathering and processing such as gas, oil and products and local gas distribution. The index includes pipeline companies structured as corporations limited liability companies and master limited partnerships (MLPs).

TPYP tracks the Tortoise North American Pipeline Index.

No, TPYP is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, TPYP is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TPYP is 0.0174%. This is the percent change in the value of TPYP over the most recent 1-month period. The 3-month return on TPYP is 0.0521%. This is the percent change in the value of TPYP over the most recent 3-month period.

The standard deviation of TPYP for the past year is 0.1873%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to TPYP include XLI, XLY, and XLV.

ETFs correlated to TPYP include MLPX, EMLP, and RLY.

ETFs that are inversely correlated to TPYP include DRIP, DUG, and OILD.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.