BAI vs. TCAI

Last updated Jun 23, 2026

BAI (iShares A.I. Innovation and Tech Active ETF) and TCAI (Tortoise AI Infrastructure ETF) are both Technology Equities funds. Both are actively managed. Their correlation of 0.85 suggests significant overlap in exposure. BAI charges 0.55%/yr vs 0.65%/yr for TCAI.

Performance

BAI vs. TCAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares A.I. Innovation and Tech Active ETF (BAI) 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, BAI achieves a 62.85% return, which is significantly lower than TCAI's 96.33% return.

BAI

• 1D: 1.94%
• 1M: 13.43%
• YTD: 62.85%
• 6M: 60.92%
• 1Y: 104.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TCAI

• 1D: 2.42%
• 1M: 16.16%
• YTD: 96.33%
• 6M: 93.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BAI vs. TCAI - Yearly Performance Comparison

	2026 (YTD)	2025
BAI iShares A.I. Innovation and Tech Active ETF	62.85%	8.80%
TCAI Tortoise AI Infrastructure ETF	96.33%	17.27%

Correlation

The correlation between BAI and TCAI is 0.85, 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	0.85

BAI vs. TCAI - Sectors Allocation Comparison

Sectors	BAI	TCAI
Technology	88.8%	51.4%
Industrials	4.6%	25.4%
Communication Services	3.9%	1.6%
Consumer Cyclical	2.6%	1.3%
Healthcare	0.7%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	4.7%
Financial Services	-	7.1%
Real Estate	-	0.6%
Utilities	-	8.6%

Return for Risk

BAI vs. TCAI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BAI

BAI Risk / Return Rank: 84
BAI Sharpe Ratio Rank: 90
BAI Sortino Ratio Rank: 76
BAI Omega Ratio Rank: 78
BAI Calmar Ratio Rank: 94
BAI Martin Ratio Rank: 85

TCAI

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BAI vs. TCAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares A.I. Innovation and Tech Active ETF (BAI) 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.

	BAI	TCAI	Difference
Sharpe ratio: Return per unit of total volatility	2.90	—	—
Sortino ratio: Return per unit of downside risk	3.22	—	—
Omega ratio: Gain probability vs. loss probability	1.44	—	—
Calmar ratio: Return relative to maximum drawdown	6.50	—	—
Martin ratio: Return relative to average drawdown	17.20	—	—

Drawdowns

BAI vs. TCAI - Drawdown Comparison

The maximum BAI drawdown since its inception was -34.09%, which is greater than TCAI's maximum drawdown of -15.80%. Use the drawdown chart below to compare losses from any high point for BAI and TCAI.

Drawdown Indicators

	BAI	TCAI	Difference
Max Drawdown Largest peak-to-trough decline	-34.09%	-15.80%	-18.29%
Max Drawdown (1Y) Largest decline over 1 year	-16.22%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.87%	-3.53%	-3.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.12%	—	—

Volatility

Volatility by Period

	BAI	TCAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.06%	—	—
Volatility (6M) Calculated over the trailing 6-month period	30.25%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	36.45%	37.24%	-0.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.90%	37.24%	-0.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.90%	37.24%	-0.34%

BAI vs. TCAI - Expense Ratio Comparison

BAI has a 0.55% expense ratio, which is lower than TCAI's 0.65% expense ratio.

Dividends

BAI vs. TCAI - Dividend Comparison

BAI's dividend yield for the trailing twelve months is around 1.09%, more than TCAI's 0.03% yield.

Position	TTM	2025
BAI iShares A.I. Innovation and Tech Active ETF	1.09%	1.80%
TCAI Tortoise AI Infrastructure ETF	0.03%	0.05%

Frequently Asked Questions

Can I hold both BAI and TCAI in my portfolio?

BAI and TCAI have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BAI or TCAI?

On fees, BAI is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BAI or TCAI?

BAI is cheaper with a 0.55% expense ratio, compared with 0.65% for TCAI.

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

BAI has the higher dividend yield at 1.09%, compared with 0.03% for TCAI.

What is the main difference between BAI and TCAI?

They also come from different issuers: iShares and Tortoise. Their fees differ too: 0.55% for BAI and 0.65% for TCAI.