BULD vs. TCAI

Last updated Jun 24, 2026

BULD (Pacer BlueStar Engineering the Future ETF) and TCAI (Tortoise AI Infrastructure ETF) are both Technology Equities funds. BULD is passively managed, while TCAI is actively managed. A 0.72 correlation means they provide meaningful diversification when combined. BULD charges 0.60%/yr vs 0.65%/yr for TCAI.

Performance

BULD vs. TCAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer BlueStar Engineering the Future ETF (BULD) 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, BULD achieves a 36.22% return, which is significantly lower than TCAI's 86.83% return.

BULD

• 1D: -4.35%
• 1M: 7.78%
• YTD: 36.22%
• 6M: 33.89%
• 1Y: 64.21%
• 3Y*: 20.25%
• 5Y*: —
• 10Y*: —

TCAI

• 1D: -4.84%
• 1M: 10.54%
• YTD: 86.83%
• 6M: 82.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BULD vs. TCAI - Yearly Performance Comparison

	2026 (YTD)	2025
BULD Pacer BlueStar Engineering the Future ETF	36.22%	14.83%
TCAI Tortoise AI Infrastructure ETF	86.83%	17.27%

Correlation

The correlation between BULD and TCAI is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025	0.72

Return for Risk

BULD vs. TCAI — Risk / Return Rank

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

BULD

BULD Risk / Return Rank: 73
BULD Sharpe Ratio Rank: 74
BULD Sortino Ratio Rank: 70
BULD Omega Ratio Rank: 63
BULD Calmar Ratio Rank: 83
BULD Martin Ratio Rank: 75

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.

BULD vs. TCAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer BlueStar Engineering the Future ETF (BULD) 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.

	BULD	TCAI	Difference
Sharpe ratio: Return per unit of total volatility	2.18	—	—
Sortino ratio: Return per unit of downside risk	2.90	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	4.17	—	—
Martin ratio: Return relative to average drawdown	13.10	—	—

Drawdowns

BULD vs. TCAI - Drawdown Comparison

The maximum BULD drawdown since its inception was -27.64%, which is greater than TCAI's maximum drawdown of -15.80%. Use the drawdown chart below to compare losses from any high point for BULD and TCAI.

Drawdown Indicators

	BULD	TCAI	Difference
Max Drawdown Largest peak-to-trough decline	-27.64%	-15.80%	-11.84%
Max Drawdown (1Y) Largest decline over 1 year	-15.48%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-27.64%	—	—
Current Drawdown Current decline from peak	-4.37%	-4.84%	+0.47%
Average Drawdown Average peak-to-trough decline	-8.21%	-3.54%	-4.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.92%	—	—

Volatility

Volatility by Period

	BULD	TCAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.04%	—	—
Volatility (6M) Calculated over the trailing 6-month period	23.55%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	29.58%	37.57%	-7.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.06%	37.57%	-9.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.06%	37.57%	-9.51%

BULD vs. TCAI - Expense Ratio Comparison

BULD has a 0.60% expense ratio, which is lower than TCAI's 0.65% expense ratio.

Dividends

BULD vs. TCAI - Dividend Comparison

BULD's dividend yield for the trailing twelve months is around 0.84%, more than TCAI's 0.03% yield.

Position	TTM	2025	2024	2023	2022
BULD Pacer BlueStar Engineering the Future ETF	0.84%	1.24%	0.18%	0.21%	0.08%
TCAI Tortoise AI Infrastructure ETF	0.03%	0.05%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BULD and TCAI in my portfolio?

BULD and TCAI have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BULD or TCAI?

On fees, BULD is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BULD or TCAI?

BULD is cheaper with a 0.60% expense ratio, compared with 0.65% for TCAI.

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

BULD has the higher dividend yield at 0.84%, compared with 0.03% for TCAI.

What is the main difference between BULD and TCAI?

They also come from different issuers: Pacer and Tortoise. Their fees differ too: 0.60% for BULD and 0.65% for TCAI.