PSI vs. TCAI

Last updated Jul 14, 2026

PSI (Invesco Semiconductors ETF) and TCAI (Tortoise AI Infrastructure ETF) are both exchange-traded funds - PSI is a Semiconductors fund tracking the Dynamic Semiconductors Intellidex Index, while TCAI is a Technology Equities fund actively managed by Tortoise. PSI is passively managed, while TCAI is actively managed. Their correlation of 0.81 suggests significant overlap in exposure. PSI charges 0.56%/yr vs 0.65%/yr for TCAI.

Performance

PSI vs. TCAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Semiconductors ETF (PSI) 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, PSI achieves a 92.36% return, which is significantly higher than TCAI's 67.80% return.

PSI

• 1D: -4.86%
• 1M: -9.65%
• 6M: 70.26%
• YTD: 92.36%
• 1Y: 145.96%
• 3Y*: 48.79%
• 5Y*: 30.24%
• 10Y*: 32.69%

TCAI

• 1D: -3.69%
• 1M: -6.18%
• 6M: 58.11%
• YTD: 67.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PSI vs. TCAI - Yearly Performance Comparison

	2026 (YTD)	2025
PSI Invesco Semiconductors ETF	92.36%	30.92%
TCAI Tortoise AI Infrastructure ETF	67.80%	17.27%

Correlation

The correlation between PSI and TCAI is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025	0.81

PSI vs. TCAI - Sectors Allocation Comparison

Sectors	PSI	TCAI
Technology	98.4%	43.0%
Industrials	1.6%	24.3%
Basic Materials	-	-
Communication Services	-	1.9%
Consumer Cyclical	-	2.0%
Consumer Defensive	-	-
Energy	-	4.3%
Financial Services	-	6.6%
Healthcare	-	-
Real Estate	-	0.6%
Utilities	-	14.0%

Return for Risk

PSI vs. TCAI — Risk / Return Rank

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

PSI

PSI Risk / Return Rank: 93
PSI Sharpe Ratio Rank: 96
PSI Sortino Ratio Rank: 89
PSI Omega Ratio Rank: 89
PSI Calmar Ratio Rank: 96
PSI Martin Ratio Rank: 96

TCAI

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

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.

PSI vs. TCAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Semiconductors ETF (PSI) 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.

	PSI	TCAI	Difference
Sharpe ratio: Return per unit of total volatility	3.19	—	—
Sortino ratio: Return per unit of downside risk	3.24	—	—
Omega ratio: Gain probability vs. loss probability	1.45	—	—
Calmar ratio: Return relative to maximum drawdown	6.99	—	—
Martin ratio: Return relative to average drawdown	27.18	—	—

Drawdowns

PSI vs. TCAI - Drawdown Comparison

The maximum PSI drawdown since its inception was -62.96%, which is greater than TCAI's maximum drawdown of -15.80%. Use the drawdown chart below to compare losses from any high point for PSI and TCAI.

Drawdown Indicators

	PSI	TCAI	Difference
Max Drawdown Largest peak-to-trough decline	-62.96%	-15.80%	-47.16%
Max Drawdown (1Y) Largest decline over 1 year	-21.02%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-41.07%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-44.85%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.85%	—	—
Current Drawdown Current decline from peak	-19.24%	-14.53%	-4.71%
Average Drawdown Average peak-to-trough decline	-15.89%	-3.89%	-12.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.39%	—	—

Volatility

Volatility by Period

	PSI	TCAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.70%	—	—
Volatility (6M) Calculated over the trailing 6-month period	39.73%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	46.19%	38.88%	+7.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.72%	38.88%	+0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.05%	38.88%	-2.83%

PSI vs. TCAI - Expense Ratio Comparison

PSI has a 0.56% expense ratio, which is lower than TCAI's 0.65% expense ratio.

Dividends

PSI vs. TCAI - Dividend Comparison

PSI's dividend yield for the trailing twelve months is around 0.03%, which matches TCAI's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSI Invesco Semiconductors ETF	0.03%	0.10%	0.15%	0.40%	0.61%	0.14%	0.21%	0.52%	0.83%	0.21%	0.68%	0.16%
TCAI Tortoise AI Infrastructure ETF	0.03%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PSI and TCAI in my portfolio?

PSI and TCAI have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PSI or TCAI?

On fees, PSI is cheaper at 0.56% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PSI or TCAI?

PSI is cheaper with a 0.56% expense ratio, compared with 0.65% for TCAI.

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

PSI and TCAI have nearly identical dividend yields, around 0.03%.

What is the main difference between PSI and TCAI?

PSI is categorized as Semiconductors, while TCAI is Technology Equities. They also come from different issuers: Invesco and Tortoise. Their fees differ too: 0.56% for PSI and 0.65% for TCAI.