IVEP vs. TCAI

Last updated Jun 23, 2026

IVEP (Dan IVES Wedbush AI Power & Infrastructure ETF) and TCAI (Tortoise AI Infrastructure ETF) are both exchange-traded funds - IVEP is a Industrials Equities fund tracking the Solactive Wedbush AI Power & Infrastructure Index, while TCAI is a Technology Equities fund actively managed by Tortoise. IVEP is passively managed, while TCAI is actively managed. A 0.76 correlation means they provide meaningful diversification when combined. IVEP charges 0.75%/yr vs 0.65%/yr for TCAI.

Performance

IVEP vs. TCAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP) and Tortoise AI Infrastructure ETF (TCAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IVEP

• 1D: 1.42%
• 1M: 3.12%
• YTD: —
• 6M: —
• 1Y: —
• 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)

IVEP vs. TCAI - Yearly Performance Comparison

	2026 (YTD)
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	11.64%
TCAI Tortoise AI Infrastructure ETF	58.48%

Correlation

The correlation between IVEP and TCAI is 0.76, 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 Apr 8, 2026	0.76

IVEP vs. TCAI - Sectors Allocation Comparison

Sectors	IVEP	TCAI
Industrials	43.6%	25.4%
Utilities	22.5%	8.6%
Energy	13.0%	4.7%
Real Estate	10.9%	0.6%
Technology	7.7%	51.4%
Basic Materials	2.4%	-
Communication Services	-	1.6%
Consumer Cyclical	-	1.3%
Consumer Defensive	-	-
Financial Services	-	7.1%
Healthcare	-	-

Return for Risk

IVEP vs. TCAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP) 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.

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

Drawdowns

IVEP vs. TCAI - Drawdown Comparison

The maximum IVEP drawdown since its inception was -10.90%, smaller than the maximum TCAI drawdown of -15.80%. Use the drawdown chart below to compare losses from any high point for IVEP and TCAI.

Drawdown Indicators

	IVEP	TCAI	Difference
Max Drawdown Largest peak-to-trough decline	-10.90%	-15.80%	+4.90%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.75%	-3.53%	+0.78%

Volatility

Volatility by Period

	IVEP	TCAI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	28.05%	37.24%	-9.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.05%	37.24%	-9.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.05%	37.24%	-9.19%

IVEP vs. TCAI - Expense Ratio Comparison

IVEP has a 0.75% expense ratio, which is higher than TCAI's 0.65% expense ratio.

Dividends

IVEP vs. TCAI - Dividend Comparison

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

Position	TTM	2025
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	0.00%	0.00%
TCAI Tortoise AI Infrastructure ETF	0.03%	0.05%

Frequently Asked Questions

Can I hold both IVEP and TCAI in my portfolio?

IVEP and TCAI have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IVEP or TCAI?

On fees, TCAI is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IVEP or TCAI?

TCAI is cheaper with a 0.65% expense ratio, compared with 0.75% for IVEP.

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

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

What is the main difference between IVEP and TCAI?

IVEP is categorized as Industrials Equities, while TCAI is Technology Equities. They also come from different issuers: Wedbush and Tortoise. Their fees differ too: 0.75% for IVEP and 0.65% for TCAI.