TPYP vs IETC
Comparison between TORTOISE NORTH AMERICAN PIPELINE ETF (TPYP, ETF) and ISHARES U.S. TECH INDEPENDENCE FOCUSED ETF (IETC, ETF).
5-Year PerformanceTPYP has outperformed IETC, delivering a return of +17.5% compared to +15.7%
TPYP vs IETC - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
TPYP
$838M
IETC
$834M
Expense Ratio
TPYP
0.40%
Winner
IETC
0.18%
Max Drawdown
TPYP
53.78%
Winner
IETC
38.92%
Sharpe Ratio
Winner
TPYP
1.48
IETC
0.70
5Y Beta
Winner
TPYP
0.41
IETC
1.34
P/E Ratio
Winner
TPYP
22.82
IETC
29.47
Forward P/E
Winner
TPYP
17.18
IETC
19.43
PEG Ratio
TPYP
0.27
Winner
IETC
0.13
5Y Dividends CAGR
TPYP
11.48%
Winner
IETC
15.02%
5Y EPS CAGR
TPYP
19.12%
Winner
IETC
30.17%
Debt to Equity
TPYP
N/A
IETC
69.67%
P/S Ratio
Winner
TPYP
1.81
IETC
5.65
P/B Ratio
Winner
TPYP
2.85
IETC
7.50
TPYP vs IETC - Holdings Comparison
TPYP and IETC have 1 common holdings. Overlap is -0.10%
TPYP's top 25 holdings weight is 90.66%. IETC's top 25 holdings weight is 82.61%.
| Rank | TPYP | IETC |
|---|---|---|
| #1 | TC ENERGY CORP (n/a) - 7.92% | BROADCOM INC (AVGO) - 12.54% |
| #2 | ENBRIDGE INC (n/a) - 7.65% | n/a (PLTR) - 8.81% |
| #3 | WILLIAMS COMPANIES INC (WMB) - 7.39% | NVIDIA CORP (NVDA) - 7.92% |
| #4 | KINDER MORGAN INC CLASS P (KMI) - 7.15% | ORACLE CORP (ORCL) - 4.94% |
| #5 | ONEOK INC (OKE) - 6.71% | MICROSOFT CORP (MSFT) - 4.67% |
| #6 | CHENIERE ENERGY INC (LNG) - 5.95% | AMAZON.COM INC (AMZN) - 4.53% |
| #7 | TARGA RESOURCES CORP (TRGP) - 4.38% | ALPHABET INC CLASS A (GOOGL) - 3.10% |
| #8 | PEMBINA PIPELINE CORP (n/a) - 4.16% | APPLE INC (AAPL) - 2.72% |
| #9 | ENERGY TRANSFER LP (ET) - 4.01% | SALESFORCE INC (CRM) - 2.64% |
| #10 | ENTERPRISE PRODUCTS PARTNERS LP (EPD) - 3.96% | ADVANCED MICRO DEVICES INC (AMD) - 2.62% |
| #11 | NISOURCE INC (NI) - 3.96% | LAM RESEARCH CORP (LRCX) - 2.58% |
| #12 | ATMOS ENERGY CORP (ATO) - 3.70% | ALPHABET INC CLASS C (GOOG) - 2.53% |
| #13 | ALTAGAS LTD (n/a) - 3.22% | INTERNATIONAL BUSINESS MACHINES CORP (IBM) - 2.49% |
| #14 | KEYERA CORP (n/a) - 2.50% | CISCO SYSTEMS INC (CSCO) - 2.48% |
| #15 | MPLX LP PARTNERSHIP UNITS (MPLX) - 2.42% | META PLATFORMS INC CLASS A (META) - 2.18% |
| #16 | NATIONAL FUEL GAS CO (NFG) - 2.01% | MICRON TECHNOLOGY INC (MU) - 2.08% |
| #17 | ANTERO MIDSTREAM CORP (AM) - 1.91% | ARISTA NETWORKS INC (ANET) - 1.87% |
| #18 | ARCHROCK INC (AROC) - 1.74% | VERISIGN INC (VRSN) - 1.80% |
| #19 | DT MIDSTREAM INC ORDINARY SHARES (DTM) - 1.73% | BOEING CO (BA) - 1.76% |
| #20 | NEW JERSEY RESOURCES CORP (NJR) - 1.53% | MONOLITHIC POWER SYSTEMS INC (MPWR) - 1.60% |
| #21 | SOUTHWEST GAS HOLDINGS INC (SWX) - 1.51% | FORTINET INC (FTNT) - 1.52% |
| #22 | SPIRE INC (SR) - 1.35% | INTERCONTINENTAL EXCHANGE INC (ICE) - 1.42% |
| #23 | ONE GAS INC (OGS) - 1.30% | MOODYS CORP (MCO) - 1.39% |
| #24 | PLAINS ALL AMERICAN PIPELINE LP (PAA) - 1.25% | SYNOPSYS INC (SNPS) - 1.34% |
| #25 | WESTERN MIDSTREAM PARTNERS LP (WES) - 1.25% | CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 1.08% |
| Total Holdings | 47 | 91 |
TPYP vs IETC - Historical Returns
Returns include dividend reinvestment.
1M
Winner
TPYP
+0.33%
IETC
+0.12%
3M
TPYP
+2.90%
Winner
IETC
+14.86%
6M
Winner
TPYP
+22.42%
IETC
+4.29%
1Y
Winner
TPYP
+24.04%
IETC
+17.62%
5Y(CAGR)
Winner
TPYP
+17.51%
IETC
+15.72%
10Y(CAGR)
TPYP
+12.10%
Winner
IETC
+20.66%
Max(CAGR)
TPYP
+9.81%
Winner
IETC
+20.66%
TPYP vs IETC - Annual Returns (2015 - 2026)
Returns include dividend reinvestment.
| Year | TPYP | IETC |
|---|---|---|
| 2026 | +20.87% | +5.47% |
| 2025 | +5.69% | +19.55% |
| 2024 | +36.44% | +40.36% |
| 2023 | +12.49% | +53.97% |
| 2022 | +14.72% | -33.14% |
| 2021 | +35.79% | +31.93% |
| 2020 | -20.62% | +43.99% |
| 2019 | +21.98% | +42.10% |
| 2018 | -12.40% | -3.49% |
| 2017 | +1.52% | N/A |
| 2016 | +37.46% | N/A |
| 2015 | -28.32% | N/A |
TPYP vs IETC Drawdown Comparison
The maximum drawdown for TPYP was -51.91%, occurring on Mar 18, 2020. Recovery took 461 trading sessions.
The maximum drawdown for IETC was -38.48%, occurring on Nov 3, 2022. Recovery took 496 trading sessions.
The current TPYP drawdown is -3.72%. The current IETC drawdown is -10.32%.
| Rank | TPYP | IETC |
|---|---|---|
| #1 | -51.91% Jul 11, 2019 - May 10, 2021 | -38.48% Dec 27, 2021 - Dec 15, 2023 |
| #2 | -38.23% Jun 30, 2015 - Sep 8, 2016 | -30.07% Feb 19, 2020 - Jun 5, 2020 |
| #3 | -21.02% Aug 22, 2018 - Mar 20, 2019 | -25.17% Feb 18, 2025 - Jun 10, 2025 |
| #4 | -17.93% Jun 7, 2022 - Jan 3, 2024 | -23.37% Aug 29, 2018 - Apr 2, 2019 |
| #5 | -14.35% Jan 23, 2018 - Jul 19, 2018 | -21.19% Oct 29, 2025 - May 14, 2026 |
| #6 | -13.17% Apr 2, 2025 - Sep 24, 2025 | -12.85% Sep 2, 2020 - Dec 8, 2020 |
| #7 | -11.61% Jun 16, 2021 - Oct 14, 2021 | -11.93% Jun 1, 2026 - Jun 10, 2026 |
| #8 | -10.82% Oct 20, 2021 - Jan 12, 2022 | -11.50% Jul 10, 2024 - Sep 19, 2024 |
| #9 | -9.91% Nov 29, 2024 - Jan 16, 2025 | -10.88% Apr 29, 2019 - Jul 2, 2019 |
| #10 | -9.17% Sep 8, 2016 - Dec 23, 2016 | -9.89% Feb 12, 2021 - Apr 8, 2021 |
| #11 | -8.30% Feb 3, 2017 - Jan 3, 2018 | -8.07% Jul 26, 2019 - Nov 8, 2019 |
| #12 | -7.89% Jan 21, 2025 - Apr 2, 2025 | -8.04% Mar 7, 2024 - May 28, 2024 |
| #13 | -7.44% Apr 20, 2022 - Jun 1, 2022 | -7.98% Apr 26, 2021 - Jun 11, 2021 |
| #14 | -6.84% May 19, 2026 - Jun 1, 2026 | -7.65% Sep 7, 2021 - Oct 29, 2021 |
| #15 | -6.79% Sep 26, 2025 - Jan 21, 2026 | -6.01% Dec 16, 2024 - Jan 22, 2025 |
Correlation
Correlation between TPYP and IETC is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.
0.91
-101
Dividend Comparison (2015 - 2026)
TPYP vs IETC dividend yield comparison.
| Year | TPYP | IETC |
|---|---|---|
| 2026 | 0.80% | 0.07% |
| 2025 | 3.91% | 0.38% |
| 2024 | 3.95% | 0.52% |
| 2023 | 4.83% | 0.79% |
| 2022 | 4.48% | 0.92% |
| 2021 | 4.86% | 0.73% |
| 2020 | 6.14% | 0.48% |
| 2019 | 4.45% | 0.95% |
| 2018 | 4.58% | 1.27% |
| 2017 | 3.71% | 0.00% |
| 2016 | 3.49% | 0.00% |
| 2015 | 2.56% | 0.00% |
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