TPZ vs PAI

Comparison between TORTOISE ELECTRIFICATION INFRASTRUCTURE ETF (TPZ, ETF) and Western Asset Investment Grade Income Fund Inc (PAI, ETF).

5-Year PerformanceTPZ has outperformed PAI, delivering a return of +18.0% compared to -1.0%

TPZ vs PAI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TPZ(ETF)	PAI(ETF)
Net Assets	$122M	$122M
Expense Ratio	0.85%	N/A
Max Drawdown	85.78%	45.93%
Sharpe Ratio	0.22	-0.67
5Y Beta	0.49	0.22
P/E Ratio	21.43	N/A
Forward P/E	17.94	N/A
PEG Ratio	1.08	N/A
5Y Dividends CAGR	8.00%	2.33%
5Y EPS CAGR	13.74%	N/A
P/S Ratio	2.16	N/A
P/B Ratio	3.37	N/A

Net Assets

TPZ

$122M

PAI

$122M

Expense Ratio

TPZ

0.85%

PAI

N/A

Max Drawdown

TPZ

85.78%

Winner

PAI

45.93%

Sharpe Ratio

Winner

TPZ

0.22

PAI

-0.67

5Y Beta

TPZ

0.49

Winner

PAI

0.22

P/E Ratio

TPZ

21.43

PAI

N/A

Forward P/E

TPZ

17.94

PAI

N/A

PEG Ratio

TPZ

1.08

PAI

N/A

5Y Dividends CAGR

Winner

TPZ

8.00%

PAI

2.33%

5Y EPS CAGR

TPZ

13.74%

PAI

N/A

P/S Ratio

TPZ

2.16

PAI

N/A

P/B Ratio

TPZ

3.37

PAI

N/A

TPZ vs PAI - Historical Returns

Returns include dividend reinvestment.

Period	TPZ	PAI
1 month	-5.21%	+0.87%
3 months	-4.84%	-0.06%
6 months	-5.23%	-4.26%
1 year	+6.40%	-0.82%
5 years(CAGR)	+17.96%	-0.97%
10 years(CAGR)	+7.44%	+1.85%
Max(CAGR)	+7.86%	+5.98%

TPZ

-5.21%

Winner

PAI

+0.87%

TPZ

-4.84%

Winner

PAI

-0.06%

TPZ

-5.23%

Winner

PAI

-4.26%

Winner

TPZ

+6.40%

PAI

-0.82%

5Y(CAGR)

Winner

TPZ

+17.96%

PAI

-0.97%

10Y(CAGR)

Winner

TPZ

+7.44%

PAI

+1.85%

Max(CAGR)

Winner

TPZ

+7.86%

PAI

+5.98%

TPZ vs PAI - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	TPZ	PAI
2026	+4.31%	-1.71%
2025	+3.94%	+7.09%
2024	+53.58%	+9.44%
2023	+21.59%	+7.42%
2022	-0.80%	-21.03%
2021	+28.88%	+1.88%
2020	-27.97%	+6.17%
2019	+13.42%	+20.23%
2018	-16.88%	-11.78%
2017	-0.56%	+16.74%
2016	+43.21%	+15.58%
2015	-30.40%	+1.70%
2014	+12.66%	+7.73%
2013	+6.62%	-7.43%
2012	+7.31%	+12.40%
2011	+7.50%	+13.11%
2010	+28.56%	+6.63%
2009	+4.00%	+29.99%
2008	N/A	-16.92%
2007	N/A	-5.46%
2006	N/A	+16.18%
2005	N/A	-0.98%
2004	N/A	+10.46%
2003	N/A	+15.49%
2002	N/A	+6.03%
2001	N/A	+14.94%
2000	N/A	+25.82%
1999	N/A	-2.13%

TPZ vs PAI Drawdown Comparison

The maximum drawdown for TPZ was -78.15%, occurring on Mar 18, 2020. Recovery took 2179 trading sessions.

The maximum drawdown for PAI was -38.96%, occurring on Nov 24, 2008. Recovery took 575 trading sessions.

The current TPZ drawdown is -6.38%. The current PAI drawdown is -11.72%.

Rank	TPZ	PAI
#1	-78.15% May 1, 2015 - Dec 27, 2023	-38.96% Jun 1, 2007 - Sep 11, 2009
#2	-20.50% Apr 25, 2011 - Dec 27, 2011	-33.71% Dec 2, 2021 - Oct 20, 2022
#3	-17.78% Jan 21, 2025 - Nov 28, 2025	-30.98% Nov 15, 2019 - Jul 15, 2020
#4	-12.78% Aug 29, 2014 - Apr 10, 2015	-22.02% Nov 26, 2012 - Apr 22, 2016
#5	-11.41% May 20, 2013 - Apr 23, 2014	-19.82% Sep 28, 2017 - Jun 11, 2019
#6	-9.81% Mar 9, 2012 - Jul 18, 2012	-13.79% May 24, 2010 - Sep 1, 2011
#7	-9.58% Apr 23, 2010 - Jul 30, 2010	-13.48% Aug 30, 2016 - Jun 19, 2017
#8	-8.93% Jul 19, 2012 - Dec 24, 2012	-10.99% Mar 17, 2004 - Sep 15, 2004
#9	-8.06% Aug 6, 2009 - Dec 10, 2009	-9.79% Nov 9, 2012 - Nov 21, 2012
#10	-6.95% Apr 30, 2026 - Aug 7, 2026	-9.55% Sep 28, 2020 - Aug 20, 2021
#11	-6.56% Nov 22, 2024 - Jan 14, 2025	-9.15% Sep 24, 2002 - Dec 16, 2002
#12	-6.29% Nov 28, 2025 - Feb 10, 2026	-8.91% Jun 20, 2003 - Nov 20, 2003
#13	-6.02% Apr 4, 2024 - May 15, 2024	-8.83% Sep 30, 2009 - Mar 17, 2010
#14	-5.36% Mar 2, 2026 - Apr 30, 2026	-8.29% Sep 15, 2021 - Nov 19, 2021
#15	-5.05% Nov 11, 2010 - Dec 9, 2010	-8.08% Feb 10, 2005 - Jun 30, 2005

Correlation

Correlation between TPZ and PAI is 0.57 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.57

-101

Dividend Comparison (1999 - 2026)

TPZ vs PAI dividend yield comparison.

Year	TPZ	PAI
2026	1.92%	3.09%
2025	3.99%	5.45%
2024	5.88%	4.83%
2023	8.99%	4.67%
2022	9.52%	4.82%
2021	4.77%	3.57%
2020	8.80%	3.82%
2019	8.84%	4.43%
2018	9.41%	5.23%
2017	7.28%	4.36%
2016	6.88%	4.82%
2015	9.68%	5.30%
2014	10.68%	5.13%
2013	5.84%	5.24%
2012	5.96%	4.84%
2011	6.00%	5.39%
2010	6.12%	6.13%
2009	2.47%	7.37%
2008	0.00%	9.37%
2007	0.00%	8.28%
2006	0.00%	5.59%
2005	0.00%	7.58%
2004	0.00%	9.41%
2003	0.00%	6.38%
2002	0.00%	6.97%
2001	0.00%	7.28%
2000	0.00%	8.00%
1999	0.00%	2.10%