TMLP vs PAYR
Comparison between Tortoise MLP ETF (TMLP, ETF) and FEDERATED HERMES ENHANCED INCOME ETF (PAYR, ETF).
TMLP vs PAYR - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
TMLP
$41M
PAYR
$41M
Expense Ratio
TMLP
0.50%
Winner
PAYR
0.40%
Max Drawdown
TMLP
8.76%
Winner
PAYR
7.28%
Sharpe Ratio
Winner
TMLP
2.02
PAYR
1.64
5Y Beta
Winner
TMLP
-0.28
PAYR
0.03
P/E Ratio
TMLP
N/A
PAYR
18.12
Forward P/E
TMLP
N/A
PAYR
15.55
PEG Ratio
TMLP
N/A
PAYR
0.55
5Y EPS CAGR
TMLP
N/A
PAYR
3.85%
Debt to Equity
TMLP
N/A
PAYR
50.44%
P/S Ratio
TMLP
N/A
PAYR
2.85
P/B Ratio
TMLP
N/A
PAYR
2.55
TMLP vs PAYR - Holdings Comparison
TMLP and PAYR have 1 common holdings. Overlap is -49.86%
TMLP's top 25 holdings weight is 101.65%. PAYR's top 25 holdings weight is 68.10%.
| Rank | TMLP | PAYR |
|---|---|---|
| #1 | TORTOISE MLP TOTAL RETURN INDEX SWAP GS-L (n/a) - 50.90% | U.S. BANCORP (USB) - 3.99% |
| #2 | HESS MIDSTREAM LP CLASS A (HESM) - 5.71% | MICRO E-MINI S&P 500 INDEX FUTURE SEPT 26 (n/a) - 3.71% |
| #3 | WILLIAMS COMPANIES INC (WMB) - 5.55% | PAYCHEX INC (PAYX) - 3.65% |
| #4 | TARGA RESOURCES CORP (TRGP) - 5.35% | ABBVIE INC (ABBV) - 3.54% |
| #5 | TC ENERGY CORP (n/a) - 3.82% | ENBRIDGE INC (n/a) - 3.19% |
| #6 | U.S. BANK MONEY MARKET DEPOSIT ACCOUNT (n/a) - 3.66% | BRITISH AMERICAN TOBACCO PLC ADR (BTI) - 3.07% |
| #7 | ONEOK INC (OKE) - 3.28% | KIMCO REALTY CORP (KIM) - 3.04% |
| #8 | CHENIERE ENERGY INC (LNG) - 3.24% | SANOFI SA ADR (SNY) - 2.86% |
| #9 | PLAINS ALL AMERICAN PIPELINE LP (PAA) - 2.40% | TOTALENERGIES SE (n/a) - 2.85% |
| #10 | ENTERPRISE PRODUCTS PARTNERS LP (EPD) - 2.22% | VERIZON COMMUNICATIONS INC (VZ) - 2.76% |
| #11 | ENERGY TRANSFER LP (ET) - 2.19% | PNC FINANCIAL SERVICES GROUP INC (PNC) - 2.76% |
| #12 | ENBRIDGE INC (ENB) - 2.11% | TC ENERGY CORP (TRP) - 2.75% |
| #13 | WESTERN MIDSTREAM PARTNERS LP (WES) - 2.00% | PROLOGIS INC (PLD) - 2.70% |
| #14 | MPLX LP PARTNERSHIP UNITS (MPLX) - 2.00% | FIRSTENERGY CORP (FE) - 2.51% |
| #15 | CHENIERE ENERGY PARTNERS LP (CQP) - 1.56% | PFIZER INC (PFE) - 2.49% |
| #16 | SUNOCO LP (SUN) - 1.48% | MEDTRONIC PLC (MDT) - 2.40% |
| #17 | DT MIDSTREAM INC ORDINARY SHARES (DTM) - 1.09% | PEPSICO INC (PEP) - 2.37% |
| #18 | ANTERO MIDSTREAM CORP (AM) - 0.92% | WEC ENERGY GROUP INC (WEC) - 2.33% |
| #19 | KODIAK GAS SERVICES INC (KGS) - 0.90% | AMCOR PLC ORDINARY SHARES (AMCR) - 2.29% |
| #20 | EXCELERATE ENERGY INC CLASS A (EE) - 0.53% | EVERGY INC (EVRG) - 2.25% |
| #21 | KINDER MORGAN INC CLASS P (KMI) - 0.51% | PHILIP MORRIS INTERNATIONAL INC (PM) - 2.20% |
| #22 | PEMBINA PIPELINE CORP (n/a) - 0.25% | AMERICAN TOWER CORP (AMT) - 2.15% |
| #23 | KINETIK HOLDINGS INC (KNTK) - 0.18% | ALLIANZ SE ADR (ALIZY) - 2.09% |
| #24 | US DOLLARS (n/a) - 0.00% | NATIONAL GRID PLC ADR (NGG) - 2.08% |
| #25 | OTHER ASSETS AND LIABILITIES (n/a) - -0.20% | MERCK & CO INC (MRK) - 2.07% |
| Total Holdings | 26 | 55 |
TMLP vs PAYR - Historical Returns
Returns include dividend reinvestment.
1M
Winner
TMLP
+6.04%
PAYR
+4.62%
3M
Winner
TMLP
+7.76%
PAYR
+4.81%
6M
Winner
TMLP
+15.64%
PAYR
+10.02%
Max(CAGR)
Winner
TMLP
+36.58%
PAYR
+23.32%
TMLP vs PAYR - Annual Returns (2025 - 2026)
Returns include dividend reinvestment.
| Year | TMLP | PAYR |
|---|---|---|
| 2026 | +18.83% | +13.27% |
| 2025 | +0.05% | +3.74% |
TMLP vs PAYR Drawdown Comparison
The maximum drawdown for TMLP was -8.55%, occurring on Jun 24, 2026. This drawdown has not yet recovered.
The maximum drawdown for PAYR was -5.24%, occurring on Mar 20, 2026. Recovery took 85 trading sessions.
The current TMLP drawdown is -2.23%. The current PAYR drawdown is -0.96%.
| Rank | TMLP | PAYR |
|---|---|---|
| #1 | -8.55% May 19, 2026 - Jun 24, 2026 | -5.24% Mar 2, 2026 - Jul 2, 2026 |
| #2 | -6.20% Mar 26, 2026 - Apr 30, 2026 | -2.50% Oct 22, 2025 - Nov 11, 2025 |
| #3 | -2.45% May 4, 2026 - May 12, 2026 | -1.60% Jul 2, 2026 - Jul 16, 2026 |
| #4 | -2.00% Mar 2, 2026 - Mar 19, 2026 | -1.54% Nov 26, 2025 - Dec 15, 2025 |
| #5 | -1.68% Jan 2, 2026 - Jan 12, 2026 | -1.42% Nov 12, 2025 - Nov 25, 2025 |
| #6 | -1.30% Jan 29, 2026 - Feb 3, 2026 | -0.96% Jul 16, 2026 - Jul 21, 2026 |
| #7 | -0.63% Apr 30, 2026 - May 4, 2026 | -0.90% Dec 15, 2025 - Dec 24, 2025 |
| #8 | -0.58% Jan 16, 2026 - Jan 22, 2026 | -0.79% Oct 8, 2025 - Oct 14, 2025 |
| #9 | -0.57% Feb 23, 2026 - Feb 27, 2026 | -0.75% Oct 15, 2025 - Oct 17, 2025 |
| #10 | -0.52% Mar 24, 2026 - Mar 26, 2026 | -0.72% Dec 30, 2025 - Jan 8, 2026 |
| #11 | -0.35% Jan 14, 2026 - Jan 16, 2026 | -0.57% Feb 11, 2026 - Feb 13, 2026 |
| #12 | -0.30% Mar 19, 2026 - Mar 23, 2026 | -0.44% Jan 27, 2026 - Jan 29, 2026 |
| #13 | -0.28% Jan 23, 2026 - Jan 27, 2026 | -0.43% Feb 13, 2026 - Feb 23, 2026 |
| #14 | -0.21% Dec 24, 2025 - Dec 30, 2025 | -0.31% Jan 16, 2026 - Jan 21, 2026 |
| #15 | -0.21% Feb 11, 2026 - Feb 13, 2026 | -0.23% Feb 4, 2026 - Feb 6, 2026 |
Correlation
Correlation between TMLP and PAYR is 0.90 which considered as a very strong positive correlation - the stocks move almost identically together.
0.90
-101
Dividend Comparison (2025 - 2026)
TMLP vs PAYR dividend yield comparison.
| Year | TMLP | PAYR |
|---|---|---|
| 2026 | 3.71% | 4.20% |
| 2025 | 0.04% | 1.99% |
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