AIPO vs. TCAI

Last updated Aug 4, 2026

AIPO (Defiance AI & Power Infrastructure ETF) and TCAI (Tortoise AI Infrastructure ETF) are both Artificial Intelligence funds. AIPO is passively managed, while TCAI is actively managed. Their correlation of 0.91 means they have usually moved in the same direction. AIPO charges 0.69%/yr vs 0.65%/yr for TCAI.

Performance

AIPO vs. TCAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance AI & Power Infrastructure ETF (AIPO) 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, AIPO achieves a 33.86% return, which is significantly lower than TCAI's 60.69% return.

AIPO

• 1D: 3.42%
• 1M: -4.58%
• 6M: 20.17%
• YTD: 33.86%
• 1Y: 46.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 45.22%

TCAI

• 1D: 3.49%
• 1M: -4.18%
• 6M: 39.26%
• YTD: 60.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
AIPO Defiance AI & Power Infrastructure ETF	$42.27M	$38.04M	$47.00M
TCAI Tortoise AI Infrastructure ETF	$4.59M	$5.30M	$6.77M

AIPO vs. TCAI - Yearly Performance Comparison

	2026 (YTD)	2025
AIPO Defiance AI & Power Infrastructure ETF	33.86%	7.70%
TCAI Tortoise AI Infrastructure ETF	60.69%	17.27%

Correlation

The correlation between AIPO and TCAI is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025	0.91

AIPO vs. TCAI - Sectors Allocation Comparison

Sectors	AIPO	TCAI
Industrials	58.0%	30.5%
Technology	15.7%	44.4%
Utilities	15.3%	9.8%
Energy	6.8%	3.9%
Financial Services	2.9%	7.2%
Real Estate	0.9%	0.6%
Consumer Cyclical	0.7%	2.1%
Communication Services	0.5%	2.2%
Basic Materials	-	-
Consumer Defensive	-	-
Healthcare	-	-

Return for Risk

AIPO vs. TCAI — Risk / Return Rank

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

AIPO

AIPO Risk / Return Rank: 50
AIPO Sharpe Ratio Rank: 50
AIPO Sortino Ratio Rank: 47
AIPO Omega Ratio Rank: 47
AIPO Calmar Ratio Rank: 53
AIPO Martin Ratio Rank: 54

TCAI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

AIPO vs. TCAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance AI & Power Infrastructure ETF (AIPO) 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.

	AIPO	TCAI	Difference
Sharpe ratio: Return per unit of total volatility	1.26	—	—
Sortino ratio: Return per unit of downside risk	1.74	—	—
Omega ratio: Gain probability vs. loss probability	1.22	—	—
Calmar ratio: Return relative to maximum drawdown	1.93	—	—
Martin ratio: Return relative to average drawdown	6.41	—	—

Drawdowns

AIPO vs. TCAI - Drawdown Comparison

The maximum AIPO drawdown since its inception was -24.36%, smaller than the maximum TCAI drawdown of -28.82%. Use the drawdown chart below to compare losses from any high point for AIPO and TCAI.

Drawdown Indicators

	AIPO	TCAI	Difference
Max Drawdown Largest peak-to-trough decline	-24.36%	-28.82%	+4.46%
Max Drawdown (1Y) Largest decline over 1 year	-24.36%	—	—
Current Drawdown Current decline from peak	-14.84%	-18.15%	+3.31%
Average Drawdown Average peak-to-trough decline	-5.31%	-4.77%	-0.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.33%	—	—

Volatility

Volatility by Period

	AIPO	TCAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.74%	—	—
Volatility (6M) Calculated over the trailing 6-month period	29.87%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	37.61%	41.75%	-4.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.27%	41.75%	-4.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.27%	41.75%	-4.48%

AIPO vs. TCAI - Expense Ratio Comparison

AIPO has a 0.69% expense ratio, which is higher than TCAI's 0.65% expense ratio.

Dividends

AIPO vs. TCAI - Dividend Comparison

AIPO's dividend yield for the trailing twelve months is around 0.01%, less than TCAI's 0.03% yield.

Position	TTM	2025
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%
TCAI Tortoise AI Infrastructure ETF	0.03%	0.05%

Frequently Asked Questions

Can I hold both AIPO and TCAI in my portfolio?

With a correlation of 0.91, AIPO and TCAI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, AIPO or TCAI?

On fees, TCAI is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AIPO or TCAI?

TCAI is cheaper with a 0.65% expense ratio, compared with 0.69% for AIPO.

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

TCAI has the higher dividend yield at 0.03%, compared with 0.01% for AIPO.

What is the main difference between AIPO and TCAI?

They also come from different issuers: Defiance and Tortoise. Their fees differ too: 0.69% for AIPO and 0.65% for TCAI.