AIPO vs. TCAI

Last updated Jun 4, 2026

AIPO (Defiance AI & Power Infrastructure ETF) and TCAI (Tortoise AI Infrastructure ETF) are both Technology Equities funds. AIPO is passively managed, while TCAI is actively managed. Their correlation of 0.90 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 52.03% return, which is significantly lower than TCAI's 89.63% return.

AIPO

• 1D: -1.12%
• 1M: 6.63%
• YTD: 52.03%
• 6M: 45.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TCAI

• 1D: -0.27%
• 1M: 19.58%
• YTD: 89.63%
• 6M: 85.78%
• 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	52.03%	8.20%
TCAI Tortoise AI Infrastructure ETF	89.63%	17.77%

Correlation

The correlation between AIPO and TCAI is 0.90, 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 6, 2025	0.90

AIPO vs. TCAI - Sectors Allocation Comparison

Sectors	AIPO	TCAI
Industrials	57.1%	29.9%
Technology	16.5%	44.0%
Utilities	14.4%	11.1%
Energy	6.9%	6.1%
Financial Services	3.6%	6.4%
Real Estate	1.0%	0.6%
Communication Services	0.5%	1.1%
Basic Materials	-	-
Consumer Cyclical	-	1.4%
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.

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

Sharpe Ratios by Period

	AIPO	TCAI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.36	4.61	-2.25

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	-1.12%	-0.27%	-0.85%
Average Drawdown Average peak-to-trough decline	-4.38%	-3.43%	-0.95%

Volatility

Volatility by Period

	AIPO	TCAI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	34.09%	35.82%	-1.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.09%	35.82%	-1.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.09%	35.82%	-1.73%

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?

AIPO and TCAI have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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.