FDFF vs TMLP

Comparison between FIDELITY DISRUPTIVE FINANCE ETF (FDFF, ETF) and Tortoise MLP ETF (TMLP, ETF).

FDFF vs TMLP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FDFF(ETF)	TMLP(ETF)
Net Assets	$41M	$41M
Expense Ratio	0.50%	0.50%
Max Drawdown	23.68%	8.76%
Sharpe Ratio	-0.64	2.02
5Y Beta	0.99	-0.28
P/E Ratio	92.28	N/A
Forward P/E	16.16	N/A
Debt to Equity	61.15%	N/A
P/S Ratio	3.44	N/A
P/B Ratio	3.09	N/A

Net Assets

FDFF

$41M

Winner

TMLP

$41M

Expense Ratio

FDFF

0.50%

TMLP

0.50%

Max Drawdown

FDFF

23.68%

Winner

TMLP

8.76%

Sharpe Ratio

FDFF

-0.64

Winner

TMLP

2.02

5Y Beta

FDFF

0.99

Winner

TMLP

-0.28

P/E Ratio

FDFF

92.28

TMLP

N/A

Forward P/E

FDFF

16.16

TMLP

N/A

Debt to Equity

FDFF

61.15%

TMLP

N/A

P/S Ratio

FDFF

3.44

TMLP

N/A

P/B Ratio

FDFF

3.09

TMLP

N/A

FDFF vs TMLP - Holdings Comparison

FDFF and TMLP have 1 common holdings. Overlap is -49.86%

FDFF's top 25 holdings weight is 84.44%. TMLP's top 25 holdings weight is 101.65%.

Rank	FDFF	TMLP
#1	DBS GROUP HOLDINGS LTD (n/a) - 6.29%	TORTOISE MLP TOTAL RETURN INDEX SWAP GS-L (n/a) - 50.90%
#2	BLACKROCK INC (BLK) - 5.89%	HESS MIDSTREAM LP CLASS A (HESM) - 5.71%
#3	CAPITAL ONE FINANCIAL CORP (COF) - 5.67%	WILLIAMS COMPANIES INC (WMB) - 5.55%
#4	BANKINTER SA (n/a) - 4.85%	TARGA RESOURCES CORP (TRGP) - 5.35%
#5	FINECOBANK SPA (n/a) - 4.65%	TC ENERGY CORP (n/a) - 3.82%
#6	VISA INC CLASS A (V) - 4.43%	U.S. BANK MONEY MARKET DEPOSIT ACCOUNT (n/a) - 3.66%
#7	MASTERCARD INC CLASS A (MA) - 4.25%	ONEOK INC (OKE) - 3.28%
#8	BLOCK INC CLASS A (XYZ) - 4.24%	CHENIERE ENERGY INC (LNG) - 3.24%
#9	APOLLO GLOBAL MANAGEMENT INC (APO) - 3.98%	PLAINS ALL AMERICAN PIPELINE LP (PAA) - 2.40%
#10	TOAST INC CLASS A (TOST) - 3.94%	ENTERPRISE PRODUCTS PARTNERS LP (EPD) - 2.22%
#11	HISCOX LTD (n/a) - 3.83%	ENERGY TRANSFER LP (ET) - 2.19%
#12	EQUIFAX INC (EFX) - 3.33%	ENBRIDGE INC (ENB) - 2.11%
#13	FIDELITY SECURITIES LENDING CASH CENTRAL FUND (n/a) - 3.20%	WESTERN MIDSTREAM PARTNERS LP (WES) - 2.00%
#14	CHIME FINANCIAL INC ORDINARY SHARES CLASS A (CHYM) - 3.13%	MPLX LP PARTNERSHIP UNITS (MPLX) - 2.00%
#15	ROBINHOOD MARKETS INC CLASS A (HOOD) - 2.88%	CHENIERE ENERGY PARTNERS LP (CQP) - 1.56%
#16	INTERCONTINENTAL EXCHANGE INC (ICE) - 2.63%	SUNOCO LP (SUN) - 1.48%
#17	LONDON STOCK EXCHANGE GROUP PLC (n/a) - 2.52%	DT MIDSTREAM INC ORDINARY SHARES (DTM) - 1.09%
#18	CBOE GLOBAL MARKETS INC (CBOE) - 2.08%	ANTERO MIDSTREAM CORP (AM) - 0.92%
#19	THE BALDWIN INSURANCE GROUP INC CLASS A (BWIN) - 2.00%	KODIAK GAS SERVICES INC (KGS) - 0.90%
#20	REMITLY GLOBAL INC (RELY) - 1.93%	EXCELERATE ENERGY INC CLASS A (EE) - 0.53%
#21	AFFIRM HOLDINGS INC ORDINARY SHARES CLASS A (AFRM) - 1.87%	KINDER MORGAN INC CLASS P (KMI) - 0.51%
#22	NU HOLDINGS LTD ORDINARY SHARES CLASS A (NU) - 1.79%	PEMBINA PIPELINE CORP (n/a) - 0.25%
#23	VIRTU FINANCIAL INC CLASS A (VIRT) - 1.74%	KINETIK HOLDINGS INC (KNTK) - 0.18%
#24	CORPAY INC (CPAY) - 1.72%	US DOLLARS (n/a) - 0.00%
#25	ALLY FINANCIAL INC (ALLY) - 1.60%	OTHER ASSETS AND LIABILITIES (n/a) - -0.20%
Total Holdings	49	26

FDFF vs TMLP - Historical Returns

Returns include dividend reinvestment.

Period	FDFF	TMLP
1 month	+5.68%	+6.04%
3 months	+1.95%	+7.76%
6 months	-3.34%	+15.64%
1 year	-9.24%	N/A
Max(CAGR)	+11.84%	+36.58%

FDFF

+5.68%

Winner

TMLP

+6.04%

FDFF

+1.95%

Winner

TMLP

+7.76%

FDFF

-3.34%

Winner

TMLP

+15.64%

FDFF

-9.24%

TMLP

N/A

Max(CAGR)

FDFF

+11.84%

Winner

TMLP

+36.58%

FDFF vs TMLP - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

Year	FDFF	TMLP
2026	-2.33%	+18.83%
2025	-2.68%	+0.05%
2024	+30.15%	N/A
2023	+15.99%	N/A

FDFF vs TMLP Drawdown Comparison

The maximum drawdown for FDFF was -23.06%, occurring on Apr 8, 2025. This drawdown has not yet recovered.

The maximum drawdown for TMLP was -8.55%, occurring on Jun 24, 2026. This drawdown has not yet recovered.

The current FDFF drawdown is -10.84%. The current TMLP drawdown is -2.23%.

Rank	FDFF	TMLP
#1	-23.06% Jan 30, 2025 - Apr 8, 2025	-8.55% May 19, 2026 - Jun 24, 2026
#2	-13.47% Jul 26, 2023 - Dec 1, 2023	-6.20% Mar 26, 2026 - Apr 30, 2026
#3	-10.41% Mar 21, 2024 - Aug 23, 2024	-2.45% May 4, 2026 - May 12, 2026
#4	-8.75% Dec 6, 2024 - Jan 30, 2025	-2.00% Mar 2, 2026 - Mar 19, 2026
#5	-3.88% Dec 28, 2023 - Feb 9, 2024	-1.68% Jan 2, 2026 - Jan 12, 2026
#6	-3.71% Aug 30, 2024 - Sep 19, 2024	-1.30% Jan 29, 2026 - Feb 3, 2026
#7	-3.00% Jun 15, 2023 - Jul 11, 2023	-0.63% Apr 30, 2026 - May 4, 2026
#8	-3.00% Oct 18, 2024 - Nov 6, 2024	-0.58% Jan 16, 2026 - Jan 22, 2026
#9	-2.69% Nov 11, 2024 - Nov 22, 2024	-0.57% Feb 23, 2026 - Feb 27, 2026
#10	-2.57% Mar 13, 2024 - Mar 21, 2024	-0.52% Mar 24, 2026 - Mar 26, 2026
#11	-2.24% Feb 12, 2024 - Feb 15, 2024	-0.35% Jan 14, 2026 - Jan 16, 2026
#12	-1.87% Dec 19, 2023 - Dec 22, 2023	-0.30% Mar 19, 2026 - Mar 23, 2026
#13	-1.55% Feb 15, 2024 - Feb 22, 2024	-0.28% Jan 23, 2026 - Jan 27, 2026
#14	-1.53% Sep 19, 2024 - Oct 4, 2024	-0.21% Dec 24, 2025 - Dec 30, 2025
#15	-1.27% Mar 4, 2024 - Mar 7, 2024	-0.21% Feb 11, 2026 - Feb 13, 2026

Correlation

Correlation between FDFF and TMLP is -0.45 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.45

-101