WAR vs TMLP
Comparison between U.S. Global Technology and Aerospace & Defense ETF (WAR, ETF) and Tortoise MLP ETF (TMLP, ETF).
WAR vs TMLP - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
WAR
$41M
Winner
TMLP
$41M
Expense Ratio
WAR
0.60%
Winner
TMLP
0.50%
Max Drawdown
WAR
19.99%
Winner
TMLP
8.76%
Sharpe Ratio
WAR
-1.49
Winner
TMLP
2.02
5Y Beta
WAR
2.76
Winner
TMLP
-0.28
P/E Ratio
WAR
162.76
TMLP
N/A
Forward P/E
WAR
25.94
TMLP
N/A
PEG Ratio
WAR
0.16
TMLP
N/A
Debt to Equity
WAR
12.10%
TMLP
N/A
P/S Ratio
WAR
12.49
TMLP
N/A
P/B Ratio
WAR
16.37
TMLP
N/A
WAR vs TMLP - Holdings Comparison
WAR and TMLP have 1 common holdings. Overlap is -49.86%
WAR's top 25 holdings weight is 97.23%. TMLP's top 25 holdings weight is 101.65%.
| Rank | WAR | TMLP |
|---|---|---|
| #1 | AXON ENTERPRISE INC (AXON) - 9.44% | TORTOISE MLP TOTAL RETURN INDEX SWAP GS-L (n/a) - 50.90% |
| #2 | MICRON TECHNOLOGY INC (MU) - 8.07% | HESS MIDSTREAM LP CLASS A (HESM) - 5.71% |
| #3 | MILDEF GROUP AB ORDINARY SHARES (n/a) - 7.95% | WILLIAMS COMPANIES INC (WMB) - 5.55% |
| #4 | ASTERA LABS INC (ALAB) - 7.85% | TARGA RESOURCES CORP (TRGP) - 5.35% |
| #5 | DRONESHIELD LTD (n/a) - 5.30% | TC ENERGY CORP (n/a) - 3.82% |
| #6 | ROLLS-ROYCE HOLDINGS PLC ADR (RYCEY) - 4.38% | U.S. BANK MONEY MARKET DEPOSIT ACCOUNT (n/a) - 3.66% |
| #7 | NVIDIA CORP (NVDA) - 4.28% | ONEOK INC (OKE) - 3.28% |
| #8 | THEON INTERNATIONAL PLC (n/a) - 4.09% | CHENIERE ENERGY INC (LNG) - 3.24% |
| #9 | CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 4.08% | PLAINS ALL AMERICAN PIPELINE LP (PAA) - 2.40% |
| #10 | PALANTIR TECHNOLOGIES INC ORDINARY SHARES CLASS A (PLTR) - 4.04% | ENTERPRISE PRODUCTS PARTNERS LP (EPD) - 2.22% |
| #11 | TERADYNE INC (TER) - 4.00% | ENERGY TRANSFER LP (ET) - 2.19% |
| #12 | LATTICE SEMICONDUCTOR CORP (LSCC) - 3.94% | ENBRIDGE INC (ENB) - 2.11% |
| #13 | INTUITIVE MACHINES INC ORDINARY SHARES CLASS A (LUNR) - 3.83% | WESTERN MIDSTREAM PARTNERS LP (WES) - 2.00% |
| #14 | KARMAN HOLDINGS INC (KRMN) - 3.76% | MPLX LP PARTNERSHIP UNITS (MPLX) - 2.00% |
| #15 | BE SEMICONDUCTOR INDUSTRIES NV (n/a) - 3.72% | CHENIERE ENERGY PARTNERS LP (CQP) - 1.56% |
| #16 | ELECTRO OPTIC SYSTEMS HLDGS LTD (n/a) - 3.55% | SUNOCO LP (SUN) - 1.48% |
| #17 | CLOUDFLARE INC (NET) - 2.67% | DT MIDSTREAM INC ORDINARY SHARES (DTM) - 1.09% |
| #18 | SANDISK CORP ORDINARY SHARES (SNDK) - 2.55% | ANTERO MIDSTREAM CORP (AM) - 0.92% |
| #19 | AMPRIUS TECHNOLOGIES INC (AMPX) - 2.31% | KODIAK GAS SERVICES INC (KGS) - 0.90% |
| #20 | TENABLE HOLDINGS INC (TENB) - 2.11% | EXCELERATE ENERGY INC CLASS A (EE) - 0.53% |
| #21 | AMPHENOL CORP CLASS A (APH) - 1.16% | KINDER MORGAN INC CLASS P (KMI) - 0.51% |
| #22 | CREDO TECHNOLOGY GROUP HOLDING LTD (CRDO) - 1.15% | PEMBINA PIPELINE CORP (n/a) - 0.25% |
| #23 | NEBIUS GROUP NV SHS CLASS-A- (NBIS) - 1.12% | KINETIK HOLDINGS INC (KNTK) - 0.18% |
| #24 | LUMENTUM HOLDINGS INC (LITE) - 1.02% | US DOLLARS (n/a) - 0.00% |
| #25 | CORE SCIENTIFIC INC ORDINARY SHARES NEW (CORZ) - 0.86% | OTHER ASSETS AND LIABILITIES (n/a) - -0.20% |
| Total Holdings | 31 | 26 |
WAR vs TMLP - Historical Returns
Returns include dividend reinvestment.
1M
WAR
-10.15%
Winner
TMLP
+6.04%
3M
WAR
N/A
TMLP
+7.76%
6M
WAR
N/A
TMLP
+15.64%
Max(CAGR)
WAR
-55.05%
Winner
TMLP
+36.58%
WAR vs TMLP - Annual Returns (2025 - 2026)
Returns include dividend reinvestment.
| Year | WAR | TMLP |
|---|---|---|
| 2026 | -11.54% | +18.83% |
| 2025 | N/A | +0.05% |
WAR vs TMLP Drawdown Comparison
The maximum drawdown for WAR was -19.99%, occurring on Jul 17, 2026. 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 WAR drawdown is -15.49%. The current TMLP drawdown is -2.23%.
| Rank | WAR | TMLP |
|---|---|---|
| #1 | -19.99% Jun 2, 2026 - Jul 17, 2026 | -8.55% May 19, 2026 - Jun 24, 2026 |
| #2 | -1.63% May 28, 2026 - Jun 2, 2026 | -6.20% Mar 26, 2026 - Apr 30, 2026 |
| #3 | -1.24% May 26, 2026 - May 28, 2026 | -2.45% May 4, 2026 - May 12, 2026 |
| #4 | N/A | -2.00% Mar 2, 2026 - Mar 19, 2026 |
| #5 | N/A | -1.68% Jan 2, 2026 - Jan 12, 2026 |
| #6 | N/A | -1.30% Jan 29, 2026 - Feb 3, 2026 |
| #7 | N/A | -0.63% Apr 30, 2026 - May 4, 2026 |
| #8 | N/A | -0.58% Jan 16, 2026 - Jan 22, 2026 |
| #9 | N/A | -0.57% Feb 23, 2026 - Feb 27, 2026 |
| #10 | N/A | -0.52% Mar 24, 2026 - Mar 26, 2026 |
| #11 | N/A | -0.35% Jan 14, 2026 - Jan 16, 2026 |
| #12 | N/A | -0.30% Mar 19, 2026 - Mar 23, 2026 |
| #13 | N/A | -0.28% Jan 23, 2026 - Jan 27, 2026 |
| #14 | N/A | -0.21% Dec 24, 2025 - Dec 30, 2025 |
| #15 | N/A | -0.21% Feb 11, 2026 - Feb 13, 2026 |
Correlation
Correlation between WAR and TMLP is -0.95 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.
-0.95
-101
Select Stocks to Compare
Popular: WAR vs SPYTMLP vs SPY
More Comparisons
Compare with similar stocks