TPYP vs VOO
Tortoise North American Pipeline ETF vs Vanguard S&P 500 ETF
Which is better, TPYP or VOO?
Mid Cap Value against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y and the full window. VOO is less concentrated, with 37.9% of the fund in its ten largest positions against 64.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | TPYP | VOO |
|---|---|---|
| Expense Ratio | 0.40% | 0.03%Best |
| AUM | $874M | $1.0T |
| Dividend Yield | 3.44% | 1.06% |
| Holdings | 88 | 506 |
| Volatility (annualized) | 21.8% | 15.5%Best |
| Max Drawdown | -52.0% | -34.3%Best |
| $10,000 over 9.9 years | $21,860 | $29,378Best |
| Top 10 Weight | 64.0% | 37.9%Best |
| Fund Family | TortoiseEcofin Funds | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Blend |
| Inception | Jun 29, 2015 | Sep 7, 2010 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 523 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. TPYP has data through May 9, 2025 and VOO through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 9.9 years row, are measured over the window both funds cover: Jun 30, 2015 to May 9, 2025 (9.9 years).
Risk: Volatility and Drawdowns
TPYP has been the more volatile fund, with annualized monthly volatility of 21.8% compared with 15.5% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -52.0% for TPYP and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
TPYP charges 0.40% per year while VOO charges 0.03%. On a $10,000 position that is $40 vs $3 annually, a gap of $37 per year that compounds over a long holding period. On income, TPYP currently yields 3.44% against 1.06% for VOO.
Holdings Overlap
37.7% of TPYP's money is in holdings VOO also owns. 0.5% of VOO's money is in holdings TPYP also owns.
The two portfolios partly overlap.
6 positions in common, counted across the 44 positions we hold weights for in TPYP and 504 in VOO, against full books of 88 and 506.
What only one of them owns
Our book lists 493 positions for VOO that do not appear in our book for TPYP (99.2% of the fund), and 30 for TPYP that do not appear in VOO (37.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
37.7% of TPYP is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, TPYP or VOO?
TPYP has an expense ratio of 0.40% while VOO charges 0.03%. VOO is the cheaper option, by $37 a year on a $10,000 investment.
Which is riskier, TPYP or VOO?
TPYP has been the more volatile fund at 21.8% annualized versus 15.5% for VOO. Worst drawdown: TPYP -52.0% vs VOO -34.3%.
Should I hold both TPYP and VOO?
TPYP and VOO have a monthly-return correlation of 0.71, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between TPYP and VOO?
37.7% of TPYP's money is in holdings VOO also owns. 0.5% of VOO's is in holdings TPYP also owns. They hold 6 positions in common, counted across the 44 positions we hold weights for in TPYP and 504 in VOO.
Which pays a higher dividend, TPYP or VOO?
TPYP yields 3.44% while VOO yields 1.06%, so TPYP currently pays the higher dividend yield.
Is VOO better than TPYP?
VOO has a lower expense ratio. VOO led over 1Y and the full window. VOO is less concentrated, with 37.9% of the fund in its ten largest positions against 64.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.