AGIX vs. TCAI

Last updated Aug 6, 2026

AGIX (KraneShares Artificial Intelligence & Technology ETF) and TCAI (Tortoise AI Infrastructure ETF) are both Artificial Intelligence funds. AGIX is passively managed, while TCAI is actively managed. Over the past year, AGIX returned 41.17% vs 89.45% for TCAI. Their 0.74 correlation means they have sometimes moved together and sometimes differently. AGIX charges 1.00%/yr vs 0.65%/yr for TCAI.

Performance

AGIX vs. TCAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Artificial Intelligence & Technology ETF (AGIX) and Tortoise AI Infrastructure ETF (TCAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AGIX achieves a 22.77% return, which is significantly lower than TCAI's 60.86% return.

AGIX

• 1D: -1.61%
• 1M: -2.11%
• 6M: 33.77%
• YTD: 22.77%
• 1Y: 41.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 32.94%

TCAI

• 1D: -1.89%
• 1M: -7.01%
• 6M: 44.60%
• YTD: 60.86%
• 1Y: 89.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 88.73%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AGIX KraneShares Artificial Intelligence & Technology ETF	$6.66M	$6.82M	$17.79M
TCAI Tortoise AI Infrastructure ETF	$4.27M	$5.30M	$6.63M

AGIX vs. TCAI - Yearly Performance Comparison

	2026 (YTD)	2025
AGIX KraneShares Artificial Intelligence & Technology ETF	22.77%	14.74%
TCAI Tortoise AI Infrastructure ETF	60.86%	17.27%

Correlation

The correlation between AGIX and TCAI is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.74
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025	0.74

The correlation between AGIX and TCAI has been stable across timeframes, ranging from 0.74 to 0.74 - a consistent structural relationship.

AGIX vs. TCAI - Sectors Allocation Comparison

Sectors	AGIX	TCAI
Technology	69.0%	44.4%
Communication Services	8.2%	2.2%
Consumer Cyclical	4.7%	2.1%
Industrials	2.2%	30.5%
Financial Services	2.1%	7.2%
Utilities	1.4%	9.8%
Healthcare	0.9%	-
Basic Materials	0.6%	-
Consumer Defensive	-	-
Energy	-	3.9%
Real Estate	-	0.6%

Return for Risk

AGIX vs. TCAI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AGIX

AGIX Risk / Return Rank: 47
AGIX Sharpe Ratio Rank: 50
AGIX Sortino Ratio Rank: 48
AGIX Omega Ratio Rank: 45
AGIX Calmar Ratio Rank: 51
AGIX Martin Ratio Rank: 42

TCAI

TCAI Risk / Return Rank: 76
TCAI Sharpe Ratio Rank: 84
TCAI Sortino Ratio Rank: 68
TCAI Omega Ratio Rank: 71
TCAI Calmar Ratio Rank: 77
TCAI Martin Ratio Rank: 81

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AGIX vs. TCAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Artificial Intelligence & Technology ETF (AGIX) and Tortoise AI Infrastructure ETF (TCAI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AGIX	TCAI	Difference
Sharpe ratio: Return per unit of total volatility	1.43	2.16	-0.73
Sortino ratio: Return per unit of downside risk	1.98	2.54	-0.56
Omega ratio: Gain probability vs. loss probability	1.24	1.34	-0.10
Calmar ratio: Return relative to maximum drawdown	2.08	3.12	-1.04
Martin ratio: Return relative to average drawdown	5.16	12.13	-6.97

AGIX vs. TCAI - Sharpe Ratio Comparison

The current AGIX Sharpe Ratio is 1.43, which is lower than the TCAI Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of AGIX and TCAI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AGIX vs. TCAI - Drawdown Comparison

The maximum AGIX drawdown since its inception was -31.48%, which is greater than TCAI's maximum drawdown of -28.82%. Use the drawdown chart below to compare losses from any high point for AGIX and TCAI.

Drawdown Indicators

	AGIX	TCAI	Difference
Max Drawdown Largest peak-to-trough decline	-31.48%	-28.82%	-2.66%
Max Drawdown (1Y) Largest decline over 1 year	-19.85%	-28.82%	+8.97%
Current Drawdown Current decline from peak	-9.78%	-18.06%	+8.28%
Average Drawdown Average peak-to-trough decline	-6.19%	-4.87%	-1.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.99%	7.40%	+0.59%

Volatility

AGIX vs. TCAI - Volatility Comparison

The current volatility for KraneShares Artificial Intelligence & Technology ETF (AGIX) is 10.35%, while Tortoise AI Infrastructure ETF (TCAI) has a volatility of 19.03%. This indicates that AGIX experiences smaller price fluctuations and is considered to be less risky than TCAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGIX	TCAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.35%	19.03%	-8.68%
Volatility (6M) Calculated over the trailing 6-month period	24.26%	35.70%	-11.44%
Volatility (1Y) Calculated over the trailing 1-year period	29.00%	41.68%	-12.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.23%	41.68%	-11.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.23%	41.68%	-11.45%

AGIX vs. TCAI - Expense Ratio Comparison

AGIX has a 1.00% expense ratio, which is higher than TCAI's 0.65% expense ratio.

Dividends

AGIX vs. TCAI - Dividend Comparison

AGIX's dividend yield for the trailing twelve months is around 0.98%, more than TCAI's 0.03% yield.

Position	TTM	2025	2024
AGIX KraneShares Artificial Intelligence & Technology ETF	0.98%	1.21%	0.77%
TCAI Tortoise AI Infrastructure ETF	0.03%	0.05%	0.00%

Frequently Asked Questions

Can I hold both AGIX and TCAI in my portfolio?

AGIX and TCAI have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGIX or TCAI?

TCAI has higher volatility (19.03%) compared to AGIX (10.35%). In terms of maximum drawdown, AGIX dropped -31.48% vs TCAI's -28.82%.

Which ETF is better, AGIX or TCAI?

On 1-year performance, TCAI leads with 89.45% vs 41.17% for AGIX. On fees, TCAI is cheaper at 0.65% per year. On volatility, AGIX has been the lower-risk option at 10.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AGIX or TCAI?

Over the 1-year period, TCAI has performed better with a 89.45% return vs 41.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AGIX or TCAI?

TCAI is cheaper with a 0.65% expense ratio, compared with 1.00% for AGIX.

Which ETF pays a higher dividend yield, AGIX or TCAI?

AGIX has the higher dividend yield at 0.98%, compared with 0.03% for TCAI.

What is the main difference between AGIX and TCAI?

They also come from different issuers: KraneShares and Tortoise. Their fees differ too: 1.00% for AGIX and 0.65% for TCAI.

Which has better risk-adjusted returns?

TCAI currently has the higher Sharpe Ratio (2.16 vs 1.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.