AIPO vs. TCAI

Last updated Jul 14, 2026

AIPO (Defiance AI & Power Infrastructure ETF) and TCAI (Tortoise AI Infrastructure ETF) are both exchange-traded funds - AIPO is a Building & Construction fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index, while TCAI is a Technology Equities fund actively managed by Tortoise. AIPO is passively managed, while TCAI is actively managed. Their correlation of 0.91 suggests significant overlap in exposure. 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 36.75% return, which is significantly lower than TCAI's 67.80% return.

AIPO

• 1D: -3.14%
• 1M: -3.82%
• 6M: 27.85%
• YTD: 36.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TCAI

• 1D: -3.69%
• 1M: -6.18%
• 6M: 58.11%
• YTD: 67.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AIPO vs. TCAI - Yearly Performance Comparison

	2026 (YTD)	2025
AIPO Defiance AI & Power Infrastructure ETF	36.75%	7.70%
TCAI Tortoise AI Infrastructure ETF	67.80%	17.27%

Correlation

The correlation between AIPO and TCAI is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	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	47.5%	24.3%
Utilities	25.3%	14.0%
Technology	15.0%	43.0%
Energy	7.4%	4.3%
Financial Services	2.9%	6.6%
Real Estate	0.9%	0.6%
Communication Services	0.5%	1.9%
Basic Materials	-	-
Consumer Cyclical	-	2.0%
Consumer Defensive	-	-
Healthcare	-	-

Return for Risk

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.

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

Drawdowns

AIPO vs. TCAI - Drawdown Comparison

The maximum AIPO drawdown since its inception was -17.31%, which is greater than TCAI's maximum drawdown of -15.80%. 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	-17.31%	-15.80%	-1.51%
Current Drawdown Current decline from peak	-13.00%	-14.53%	+1.53%
Average Drawdown Average peak-to-trough decline	-4.66%	-3.89%	-0.77%

Volatility

Volatility by Period

	AIPO	TCAI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	36.01%	38.88%	-2.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.01%	38.88%	-2.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.01%	38.88%	-2.87%

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?

AIPO is categorized as Building & Construction, while TCAI is Technology Equities. They also come from different issuers: Defiance and Tortoise. Their fees differ too: 0.69% for AIPO and 0.65% for TCAI.