IVRS vs. TCAI

Last updated Jun 4, 2026

IVRS (iShares Future Metaverse Tech And Communications ETF) and TCAI (Tortoise AI Infrastructure ETF) are both Technology Equities funds. IVRS is passively managed, while TCAI is actively managed. A 0.52 correlation means they provide meaningful diversification when combined. IVRS charges 0.47%/yr vs 0.65%/yr for TCAI.

Performance

IVRS vs. TCAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Future Metaverse Tech And Communications ETF (IVRS) 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, IVRS achieves a -5.51% return, which is significantly lower than TCAI's 89.63% return.

IVRS

• 1D: -2.21%
• 1M: 1.13%
• YTD: -5.51%
• 6M: -8.57%
• 1Y: -1.11%
• 3Y*: 9.46%
• 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)

IVRS vs. TCAI - Yearly Performance Comparison

	2026 (YTD)	2025
IVRS iShares Future Metaverse Tech And Communications ETF	-5.51%	-6.92%
TCAI Tortoise AI Infrastructure ETF	89.63%	17.77%

Correlation

The correlation between IVRS and TCAI is 0.52, 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	0.52

IVRS vs. TCAI - Sectors Allocation Comparison

Sectors	IVRS	TCAI
Technology	38.4%	44.0%
Communication Services	37.3%	1.1%
Financial Services	19.7%	6.4%
Consumer Cyclical	4.6%	1.4%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	6.1%
Healthcare	-	-
Industrials	-	29.9%
Real Estate	-	0.6%
Utilities	-	11.1%

Return for Risk

IVRS vs. TCAI — Risk / Return Rank

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

IVRS

IVRS Risk / Return Rank: 8
IVRS Sharpe Ratio Rank: 8
IVRS Sortino Ratio Rank: 8
IVRS Omega Ratio Rank: 8
IVRS Calmar Ratio Rank: 9
IVRS Martin Ratio Rank: 8

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.

IVRS vs. TCAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Future Metaverse Tech And Communications ETF (IVRS) 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.

	IVRS	TCAI	Difference
Sharpe ratio: Return per unit of total volatility	-0.05	—	—
Sortino ratio: Return per unit of downside risk	0.08	—	—
Omega ratio: Gain probability vs. loss probability	1.01	—	—
Calmar ratio: Return relative to maximum drawdown	-0.04	—	—
Martin ratio: Return relative to average drawdown	-0.08	—	—
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

	IVRS	TCAI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	4.61	-4.00

Drawdowns

IVRS vs. TCAI - Drawdown Comparison

The maximum IVRS drawdown since its inception was -31.43%, which is greater than TCAI's maximum drawdown of -15.80%. Use the drawdown chart below to compare losses from any high point for IVRS and TCAI.

Drawdown Indicators

	IVRS	TCAI	Difference
Max Drawdown Largest peak-to-trough decline	-31.43%	-15.80%	-15.63%
Max Drawdown (1Y) Largest decline over 1 year	-31.43%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-31.43%	—	—
Current Drawdown Current decline from peak	-18.72%	-0.27%	-18.45%
Average Drawdown Average peak-to-trough decline	-5.81%	-3.43%	-2.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.55%	—	—

Volatility

Volatility by Period

	IVRS	TCAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.53%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.59%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.85%	35.82%	-13.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.49%	35.82%	-15.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.49%	35.82%	-15.33%

IVRS vs. TCAI - Expense Ratio Comparison

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

Dividends

IVRS vs. TCAI - Dividend Comparison

IVRS's dividend yield for the trailing twelve months is around 8.34%, more than TCAI's 0.03% yield.

Position	TTM	2025	2024	2023
IVRS iShares Future Metaverse Tech And Communications ETF	8.34%	7.88%	6.65%	0.48%
TCAI Tortoise AI Infrastructure ETF	0.03%	0.05%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IVRS and TCAI in my portfolio?

IVRS and TCAI have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IVRS or TCAI?

On fees, IVRS 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, IVRS or TCAI?

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

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

IVRS has the higher dividend yield at 8.34%, compared with 0.03% for TCAI.

What is the main difference between IVRS and TCAI?

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