Tortoise North American Pipeline ETF (TPYP) is a energy sector ETF. As of October 9, 2026, ETF Copilot scores TPYP 5.3 out of 10 — highest on Risk (7.8), lowest on Growth (1.0). It trades at 18.7 times earnings, against its own median of 18.5. Its ten largest holdings are 64% of the fund.
What stands out in TPYP's data
North American midstream energy pipelines that move oil and gas for fees.
Pays a higher price for its earnings than most pipeline peers — you get less cash flow per dollar invested.
Its trailing EBITDA multiple of 11.6x sits above the category median of 8.8x. Top holdings concentration runs at 64.1%.
The income anchor of an energy allocation, built on fee-earning pipeline assets.
Why did TPYP move this week? It rose 2.2% in the week to October 9, 2026 — Kinder Morgan and Cheniere Energy drove it
TPYP rose 2.2% in the week to October 9, 2026. The holdings that moved it most were Kinder Morgan (+4.6%), Cheniere Energy (+3.0%) and Williams (+3.0%); Hess Midstream (−14.5%) pushed the other way.
How is TPYP rated? ETF Copilot scores Tortoise North American Pipeline ETF (TPYP) 5.3 out of 10
As of October 9, 2026, ETF Copilot scores Tortoise North American Pipeline ETF (TPYP) 5.3 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 5.3 / 10
- Growth: 1.0 / 10
- Value: 5.1 / 10
- Risk: 7.8 / 10
- Quality: 6.1 / 10
- Return: 7.4 / 10
Is TPYP expensive right now? It trades at 18.7 times earnings, against its own median of 18.5
As of October 9, 2026, TPYP is more expensive than 55% of its own last 9 years.
Trailing 12 months, built from TPYP's holdings. How we calculate this →
What's inside TPYP?
What's inside TPYP: Size (Large 64%, Mid 30%, Small 6%); Geography (International 25%, US 75%).
What are TPYP's top holdings? The ten largest are 64% of the fund
Kinder Morgan, Targa Resources, Cheniere Energy, Williams, TC Energy, Enbridge, ONEOK, Nisource, Atmos Energy and Pembina Pipeline are TPYP's largest holdings, in that order.
More concentrated than 50% of Energy ETFs.
Half of TPYP's weight sits in its 7 largest positions, and once those weights are taken into account it behaves like 20 equally weighted holdings.
What is TPYP's expense ratio? 0.40% a year
As of October 9, 2026, TPYP charges 0.40% a year, yields 3.29% and holds $856M in assets across 46 positions.
| Measure | TPYP |
|---|---|
| Expense ratio | 0.40% |
| Dividend yield | 3.29% |
| Assets under management | $856M |
| Holdings | 46 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Tortoise North American Pipeline ETF (TPYP) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/tpyp
ETF Copilot Pro unlocks TPYP's price and what each holding weighs.
Try Pro free →