PBOT vs. TCAI

Last updated Jul 24, 2026

PBOT (Pictet AI & Automation ETF) and TCAI (Tortoise AI Infrastructure ETF) are both Artificial Intelligence funds. Both are actively managed. A 0.69 correlation means they provide meaningful diversification when combined. PBOT charges 0.70%/yr vs 0.65%/yr for TCAI.

Performance

PBOT vs. TCAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pictet AI & Automation ETF (PBOT) 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, PBOT achieves a 22.92% return, which is significantly lower than TCAI's 70.76% return.

PBOT

• 1D: -2.30%
• 1M: -2.27%
• 6M: 19.50%
• YTD: 22.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

TCAI

• 1D: 0.50%
• 1M: -8.60%
• 6M: 54.53%
• YTD: 70.76%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PBOT Pictet AI & Automation ETF	$23.32K	$22.92K	$19.40K
TCAI Tortoise AI Infrastructure ETF	$6.35M	$5.48M	$6.97M

PBOT vs. TCAI - Yearly Performance Comparison

	2026 (YTD)	2025
PBOT Pictet AI & Automation ETF	22.92%	0.33%
TCAI Tortoise AI Infrastructure ETF	70.76%	-8.82%

Correlation

The correlation between PBOT and TCAI is 0.69, 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 Oct 16, 2025	0.69

Return for Risk

PBOT vs. TCAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pictet AI & Automation ETF (PBOT) 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

PBOT vs. TCAI - Drawdown Comparison

The maximum PBOT drawdown since its inception was -15.78%, smaller than the maximum TCAI drawdown of -20.42%. Use the drawdown chart below to compare losses from any high point for PBOT and TCAI.

Drawdown Indicators

	PBOT	TCAI	Difference
Max Drawdown Largest peak-to-trough decline	-15.78%	-20.42%	+4.64%
Current Drawdown Current decline from peak	-8.71%	-13.02%	+4.31%
Average Drawdown Average peak-to-trough decline	-4.35%	-4.29%	-0.06%

Volatility

Volatility by Period

	PBOT	TCAI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	26.94%	39.15%	-12.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.94%	39.15%	-12.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.94%	39.15%	-12.21%

PBOT vs. TCAI - Expense Ratio Comparison

PBOT has a 0.70% expense ratio, which is higher than TCAI's 0.65% expense ratio.

Dividends

PBOT vs. TCAI - Dividend Comparison

PBOT's dividend yield for the trailing twelve months is around 0.08%, more than TCAI's 0.03% yield.

Position	TTM	2025
PBOT Pictet AI & Automation ETF	0.08%	0.10%
TCAI Tortoise AI Infrastructure ETF	0.03%	0.05%

Frequently Asked Questions

Can I hold both PBOT and TCAI in my portfolio?

PBOT and TCAI have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PBOT 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, PBOT or TCAI?

TCAI is cheaper with a 0.65% expense ratio, compared with 0.70% for PBOT.

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

PBOT has the higher dividend yield at 0.08%, compared with 0.03% for TCAI.

What is the main difference between PBOT and TCAI?

They also come from different issuers: Pictet and Tortoise. Their fees differ too: 0.70% for PBOT and 0.65% for TCAI.