GTOP vs. TCAI

Last updated Jun 4, 2026

GTOP (Goldman Sachs Technology Opportunities ETF) and TCAI (Tortoise AI Infrastructure ETF) are both Technology Equities funds. Both are actively managed. A 0.72 correlation means they provide meaningful diversification when combined. Both charge a 0.65% expense ratio.

Performance

GTOP vs. TCAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Technology Opportunities ETF (GTOP) 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, GTOP achieves a 26.56% return, which is significantly lower than TCAI's 89.63% return.

GTOP

• 1D: -1.04%
• 1M: 13.91%
• YTD: 26.56%
• 6M: —
• 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)

GTOP vs. TCAI - Yearly Performance Comparison

	2026 (YTD)	2025
GTOP Goldman Sachs Technology Opportunities ETF	26.56%	-1.21%
TCAI Tortoise AI Infrastructure ETF	89.63%	-5.42%

Correlation

The correlation between GTOP 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 Dec 9, 2025	0.72

Return for Risk

GTOP vs. TCAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Technology Opportunities ETF (GTOP) 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

	GTOP	TCAI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.61	4.61	-2.00

Drawdowns

GTOP vs. TCAI - Drawdown Comparison

The maximum GTOP drawdown since its inception was -14.47%, smaller than the maximum TCAI drawdown of -15.80%. Use the drawdown chart below to compare losses from any high point for GTOP and TCAI.

Drawdown Indicators

	GTOP	TCAI	Difference
Max Drawdown Largest peak-to-trough decline	-14.47%	-15.80%	+1.33%
Current Drawdown Current decline from peak	-1.04%	-0.27%	-0.77%
Average Drawdown Average peak-to-trough decline	-3.39%	-3.43%	+0.04%

Volatility

Volatility by Period

	GTOP	TCAI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	22.75%	35.82%	-13.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.75%	35.82%	-13.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.75%	35.82%	-13.07%

GTOP vs. TCAI - Expense Ratio Comparison

Both GTOP and TCAI have an expense ratio of 0.65%.

Dividends

GTOP vs. TCAI - Dividend Comparison

GTOP has not paid dividends to shareholders, while TCAI's dividend yield for the trailing twelve months is around 0.03%.

Position	TTM	2025
GTOP Goldman Sachs Technology Opportunities ETF	0.00%	0.00%
TCAI Tortoise AI Infrastructure ETF	0.03%	0.05%

Frequently Asked Questions

Can I hold both GTOP and TCAI in my portfolio?

GTOP 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, GTOP or TCAI?

Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GTOP or TCAI?

GTOP and TCAI have the same expense ratio: 0.65% per year.

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

TCAI has the higher dividend yield at 0.03%, compared with 0.00% for GTOP.

What is the main difference between GTOP and TCAI?

They also come from different issuers: Goldman Sachs and Tortoise.