Tortoise Global Water Fund (TBLU) Performance
TBLU total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +1.4% since Dec 31, 2025
- 1 year
- −2.7% total return
- 5 years
- +3.5% a year
- Since first price
- +9.4% a year since 2017
TBLU trailing returns vs SPY, QQQ, AGG
| Period | TBLU total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +3.2% | +3.2% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.8% | +0.8% | +3.2% | +1.9% | −0.4% |
| 6 months | −2.3% | −3.2% | +7.8% | +8.4% | −1.5% |
| YTD | +1.4% | +0.4% | +12.3% | +15.1% | −1.0% |
| 1 year | −2.7% | −5.9% | +14.4% | +15.9% | −1.1% |
| 3 years | +49.0%+14.2%/yr | +40.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +18.5%+3.5%/yr | +7.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionFeb 15, 2017 | +139.1%+9.4%/yr | +102.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: TBLU vs SPY
From Feb 15, 2017: TBLU grew to $23,910, SPY to $37,659.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TBLU returns by calendar year
6 of 8 full years positive. Best 2019 (+38.7%), worst 2022 (−26.0%). 2026 is year to date.
TBLU annual returns table
| Year | TBLU | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +1.4% | −13.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +11.8% | −11.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +8.5% | −7.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +20.9% | −14.9% | +26.2% | +54.9% | +5.7% |
| 2022 | −26.0% | −34.8% | −18.2% | −32.6% | −13.0% |
| 2021 | +28.9% | −8.7% | +28.7% | +27.4% | −1.8% |
| 2020 | +15.7% | −37.6% | +18.3% | +48.6% | +7.5% |
| 2019 | +38.7% | −5.2% | +31.2% | +39.0% | +8.5% |
| 2018 | −12.8% | −17.3% | −4.6% | −0.1% | +0.1% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
TBLU largest drawdowns
Now 8.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 20, 2020 | −37.6% | Mar 23, 2020 | Nov 6, 2020 | 32 days | 9 months |
| Dec 31, 2021 | −35.4% | Oct 14, 2022 | Jul 31, 2024 | 9 months | 2.6 years |
| Jan 26, 2018 | −17.3% | Dec 24, 2018 | Jun 13, 2019 | 11 months | 1.4 years |
| Dec 9, 2024 | −15.4% | Apr 8, 2025 | May 15, 2025 | 4 months | 5 months |
| Feb 26, 2026 | −13.2% | Mar 20, 2026 | not yet | 22 days | 8 months so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
TBLU risk statistics
| Statistic | 3 years | 5 years | Since 2017 |
|---|---|---|---|
| Annualized return | +10.9% | +3.4% | +8.9% |
| Volatility (annualized) | 15.4% | 18.3% | 17.2% |
| Sharpe ratio | 0.47 | 0.08 | 0.44 |
| Sortino ratio | 0.74 | 0.11 | 0.66 |
| Best month | +11.2% | +11.2% | +11.2% |
| Worst month | −10.0% | −10.9% | −15.7% |
| Best 12 months | +33.4% | +33.4% | +53.9% |
| Worst 12 months | −5.2% | −26.4% | −26.4% |
| Positive months | 56% | 52% | 59% |
| Beta vs S&P 500 | 0.69 | 0.91 | — |
| Correlation with S&P 500 | 0.55 | 0.78 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
TBLU rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 105 | −26.4% | +10.6% | +53.9% | 78% |
| 3-year (a year) | 81 | −1.0% | +10.1% | +27.4% | 99% |
| 5-year (a year) | 57 | +2.9% | +9.3% | +13.2% | 100% |
Every holding period starting at a month-end since 2017. Returns for 3 years and longer are annualized.
TBLU performance overview
Tortoise Global Water Fund (TBLU) returned −2.7% over the past year and +3.5% a year over five years, with distributions reinvested. Since its first recorded price in 2017 it has returned +9.4% a year, turning $10,000 into about $23,910. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −37.6%, from Feb 20, 2020 to Mar 23, 2020, and it took 7 months to get back to the old high. TBLU finished 6 of its 8 full calendar years with a gain; the best year was 2019 (+38.7%) and the worst 2022 (−26.0%). Volatility has been 17.2% a year.
Related: TBLU chart, TBLU holdings, TBLU dividends, TBLU valuation. See the TBLU overview for the latest quote and fund facts.
TBLU performance FAQ
What is the TBLU return over the past year?
TBLU returned −2.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.9%.
What is the average annual return of TBLU?
TBLU has returned +3.5% a year over 5 years, +9.4% a year since February 15, 2017 (total return, distributions reinvested).
How much would $10,000 invested in TBLU be worth?
$10,000 invested in TBLU at its first recorded close on February 15, 2017 would be worth about $23,910 on October 23, 2026 with distributions reinvested.
What was the worst year for TBLU?
The worst calendar year was 2022, with a total return of −26.0%. The best was 2019 at +38.7%.
What is the biggest drawdown of TBLU?
The largest peak-to-trough decline was −37.6% between February 20, 2020 and March 23, 2020. It recovered to the old high on November 6, 2020, 7 months after the bottom.
How volatile is TBLU?
Over the past 3 years TBLU had an annualized volatility of 15.4% and a Sharpe ratio of 0.47 (excess return over 1–3 month T-bills per unit of risk).