ETEC vs. TCAI

Last updated Jun 4, 2026

ETEC (iShares Breakthrough Environmental Solutions ETF) and TCAI (Tortoise AI Infrastructure ETF) are both Technology Equities funds. ETEC is passively managed, while TCAI is actively managed. A 0.67 correlation means they provide meaningful diversification when combined. ETEC charges 0.47%/yr vs 0.65%/yr for TCAI.

Performance

ETEC vs. TCAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Breakthrough Environmental Solutions ETF (ETEC) 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, ETEC achieves a 29.01% return, which is significantly lower than TCAI's 84.98% return.

ETEC

• 1D: 0.71%
• 1M: 10.60%
• YTD: 29.01%
• 6M: 30.09%
• 1Y: 63.13%
• 3Y*: 10.90%
• 5Y*: —
• 10Y*: —

TCAI

• 1D: -2.45%
• 1M: 11.90%
• YTD: 84.98%
• 6M: 76.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETEC vs. TCAI - Yearly Performance Comparison

	2026 (YTD)	2025
ETEC iShares Breakthrough Environmental Solutions ETF	29.01%	17.25%
TCAI Tortoise AI Infrastructure ETF	84.98%	17.77%

Correlation

The correlation between ETEC and TCAI is 0.67, 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 6, 2025	0.67

ETEC vs. TCAI - Sectors Allocation Comparison

Sectors	ETEC	TCAI
Industrials	36.4%	29.9%
Technology	23.0%	44.0%
Consumer Cyclical	22.5%	1.4%
Energy	11.9%	6.1%
Basic Materials	3.0%	-
Utilities	2.9%	11.1%
Communication Services	-	1.1%
Consumer Defensive	-	-
Financial Services	-	6.4%
Healthcare	-	-
Real Estate	-	0.6%

Return for Risk

ETEC vs. TCAI — Risk / Return Rank

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

ETEC

ETEC Risk / Return Rank: 86
ETEC Sharpe Ratio Rank: 88
ETEC Sortino Ratio Rank: 85
ETEC Omega Ratio Rank: 80
ETEC Calmar Ratio Rank: 91
ETEC Martin Ratio Rank: 87

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.

ETEC vs. TCAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Breakthrough Environmental Solutions ETF (ETEC) 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.

	ETEC	TCAI	Difference
Sharpe ratio: Return per unit of total volatility	2.97	—	—
Sortino ratio: Return per unit of downside risk	3.83	—	—
Omega ratio: Gain probability vs. loss probability	1.48	—	—
Calmar ratio: Return relative to maximum drawdown	6.05	—	—
Martin ratio: Return relative to average drawdown	18.94	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ETEC	TCAI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.97	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	4.35	-3.99

Drawdowns

ETEC vs. TCAI - Drawdown Comparison

The maximum ETEC drawdown since its inception was -39.71%, which is greater than TCAI's maximum drawdown of -15.80%. Use the drawdown chart below to compare losses from any high point for ETEC and TCAI.

Drawdown Indicators

	ETEC	TCAI	Difference
Max Drawdown Largest peak-to-trough decline	-39.71%	-15.80%	-23.91%
Max Drawdown (1Y) Largest decline over 1 year	-10.49%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-39.71%	—	—
Current Drawdown Current decline from peak	0.00%	-2.71%	+2.71%
Average Drawdown Average peak-to-trough decline	-15.00%	-3.43%	-11.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.34%	—	—

Volatility

Volatility by Period

	ETEC	TCAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.83%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.36%	35.87%	-14.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.87%	35.87%	-12.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.87%	35.87%	-12.00%

ETEC vs. TCAI - Expense Ratio Comparison

ETEC has a 0.47% expense ratio, which is lower than TCAI's 0.65% expense ratio.

Dividends

ETEC vs. TCAI - Dividend Comparison

ETEC's dividend yield for the trailing twelve months is around 0.25%, more than TCAI's 0.03% yield.

Position	TTM	2025	2024	2023
ETEC iShares Breakthrough Environmental Solutions ETF	0.25%	0.33%	1.24%	4.18%
TCAI Tortoise AI Infrastructure ETF	0.03%	0.05%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ETEC and TCAI in my portfolio?

ETEC and TCAI have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ETEC or TCAI?

On fees, ETEC is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ETEC or TCAI?

ETEC is cheaper with a 0.47% expense ratio, compared with 0.65% for TCAI.

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

ETEC has the higher dividend yield at 0.25%, compared with 0.03% for TCAI.

What is the main difference between ETEC and TCAI?

They also come from different issuers: iShares and Tortoise. Their fees differ too: 0.47% for ETEC and 0.65% for TCAI.