FAI vs. TCAI
FAI (First Trust Bloomberg Artificial Intelligence ETF) and TCAI (Tortoise AI Infrastructure ETF) are both Artificial Intelligence funds. FAI is passively managed, while TCAI is actively managed. Over the past year, FAI returned 48.02% vs 92.28% for TCAI. Their 0.78 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.65% expense ratio.
Performance
FAI vs. TCAI - Performance Comparison
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Returns By Period
In the year-to-date period, FAI achieves a 32.45% return, which is significantly lower than TCAI's 63.96% return.
FAI
- 1D
- 4.39%
- 1M
- 5.49%
- 6M
- 34.12%
- YTD
- 32.45%
- 1Y
- 48.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 41.61%
TCAI
- 1D
- 2.03%
- 1M
- -2.23%
- 6M
- 40.24%
- YTD
- 63.96%
- 1Y
- 92.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.29M | $2.80M | $3.60M | |
| $4.31M | $5.33M | $6.70M |
FAI vs. TCAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FAI First Trust Bloomberg Artificial Intelligence ETF | 32.45% | 11.76% |
TCAI Tortoise AI Infrastructure ETF | 63.96% | 17.27% |
Correlation
The correlation between FAI and TCAI is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025 | 0.78 |
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Return for Risk
FAI vs. TCAI — Risk / Return Rank
FAI
TCAI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FAI vs. TCAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Bloomberg Artificial Intelligence ETF (FAI) 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.
| FAI | TCAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.27 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | — | — |
| Martin ratioReturn relative to average drawdown | 6.64 | — | — |
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Drawdowns
FAI vs. TCAI - Drawdown Comparison
The maximum FAI drawdown since its inception was -27.82%, roughly equal to the maximum TCAI drawdown of -28.82%. Use the drawdown chart below to compare losses from any high point for FAI and TCAI.
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Drawdown Indicators
| FAI | TCAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.82% | -28.82% | +1.00% |
Max Drawdown (1Y)Largest decline over 1 year | -18.84% | -28.82% | +9.98% |
Current DrawdownCurrent decline from peak | -5.92% | -16.49% | +10.57% |
Average DrawdownAverage peak-to-trough decline | -5.78% | -4.81% | -0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.26% | — | — |
Volatility
FAI vs. TCAI - Volatility Comparison
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Volatility by Period
| FAI | TCAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.83% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 25.10% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 29.50% | 41.71% | -12.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.48% | 41.71% | -10.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.48% | 41.71% | -10.23% |
FAI vs. TCAI - Expense Ratio Comparison
Both FAI and TCAI have an expense ratio of 0.65%.
Dividends
FAI vs. TCAI - Dividend Comparison
FAI has not paid dividends to shareholders, while TCAI's dividend yield for the trailing twelve months is around 0.03%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FAI First Trust Bloomberg Artificial Intelligence ETF | 0.00% | 0.00% | 0.04% |
TCAI Tortoise AI Infrastructure ETF | 0.03% | 0.05% | 0.00% |
Frequently Asked Questions
FAI and TCAI have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, TCAI leads with 92.28% vs 48.02% for FAI. Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TCAI has performed better with a 92.28% return vs 48.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FAI and TCAI have the same expense ratio: 0.65% per year.
TCAI has the higher dividend yield at 0.03%, compared with 0.00% for FAI.
They also come from different issuers: First Trust and Tortoise.
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