TMLP vs VOO
TMLP vs VOO
Tortoise MLP ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | TMLP | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | |
| AUM | $43M | $979.0B | |
| Dividend Yield | 3.92% | 1.09% | |
| Holdings | 25 | 509 | |
| YTD Return | +20.35% | +13.80% | |
| 1Y Return | - | +23.71% | |
| 3Y Return (annualized) | - | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | - | 14.1% | |
| Max Drawdown | -8.6% | -34.3% | |
| Fund Family | Tortoise Capital | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 23, 2025 | Sep 7, 2010 |
TMLP vs VOO Performance
Tortoise MLP ETF (TMLP) is a ETF from Tortoise Capital and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Year to date, TMLP is up 20.35% versus a gain of 13.80% for VOO.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -8.6% for TMLP and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
TMLP charges 0.50% per year while VOO charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, TMLP currently yields 3.92% against 1.09% for VOO.
Holdings Overlap
TMLP and VOO share 4 holdings out of 523 unique holdings combined, representing a 0.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in TMLP | Weight in VOO | Difference |
|---|---|---|---|
| WMB | 5.62% | 0.14% | 5.48% |
| TRGP | 5.36% | 0.09% | 5.27% |
| OKE | 3.39% | 0.08% | 3.31% |
| KMI | Pro | Pro | Pro |
See all 4 holdings TMLP shares with VOO Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, TMLP or VOO?
TMLP has an expense ratio of 0.50% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
What is the holdings overlap between TMLP and VOO?
TMLP and VOO share 4 common holdings with a 0.4% weight overlap. Combined, they hold 523 unique securities.
Which pays a higher dividend, TMLP or VOO?
TMLP yields 3.92% while VOO yields 1.09%, so TMLP currently pays the higher dividend yield.
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