PSWD vs. TCAI

Last updated Jul 17, 2026

PSWD (Xtrackers Cybersecurity Select Equity ETF) and TCAI (Tortoise AI Infrastructure ETF) are both Technology Equities funds. PSWD is passively managed, while TCAI is actively managed. At a 0.31 correlation, their price movements are largely independent. PSWD charges 0.20%/yr vs 0.65%/yr for TCAI.

Performance

PSWD vs. TCAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Cybersecurity Select Equity ETF (PSWD) 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, PSWD achieves a 31.18% return, which is significantly lower than TCAI's 57.12% return.

PSWD

• 1D: -1.30%
• 1M: 14.42%
• 6M: 29.52%
• YTD: 31.18%
• 1Y: 21.10%
• 3Y*: 20.15%
• 5Y*: —
• 10Y*: —

TCAI

• 1D: -5.14%
• 1M: -14.48%
• 6M: 45.60%
• YTD: 57.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PSWD vs. TCAI - Yearly Performance Comparison

	2026 (YTD)	2025
PSWD Xtrackers Cybersecurity Select Equity ETF	31.18%	-6.38%
TCAI Tortoise AI Infrastructure ETF	57.12%	17.27%

Correlation

The correlation between PSWD and TCAI is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025	0.31

PSWD vs. TCAI - Sectors Allocation Comparison

Sectors	PSWD	TCAI
Technology	97.8%	43.0%
Industrials	1.2%	24.3%
Real Estate	0.5%	0.6%
Communication Services	0.1%	1.9%
Financial Services	0.1%	6.6%
Consumer Cyclical	0.1%	2.0%
Healthcare	0.1%	-
Consumer Defensive	0.0%	-
Energy	0.0%	4.3%
Basic Materials	0.0%	-
Utilities	0.0%	14.0%

Return for Risk

PSWD vs. TCAI — Risk / Return Rank

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

PSWD

PSWD Risk / Return Rank: 25
PSWD Sharpe Ratio Rank: 26
PSWD Sortino Ratio Rank: 26
PSWD Omega Ratio Rank: 26
PSWD Calmar Ratio Rank: 23
PSWD Martin Ratio Rank: 22

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.

PSWD vs. TCAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Cybersecurity Select Equity ETF (PSWD) 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.

	PSWD	TCAI	Difference
Sharpe ratio: Return per unit of total volatility	0.79	—	—
Sortino ratio: Return per unit of downside risk	1.21	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	0.89	—	—
Martin ratio: Return relative to average drawdown	2.01	—	—

Drawdowns

PSWD vs. TCAI - Drawdown Comparison

The maximum PSWD drawdown since its inception was -23.70%, which is greater than TCAI's maximum drawdown of -19.97%. Use the drawdown chart below to compare losses from any high point for PSWD and TCAI.

Drawdown Indicators

	PSWD	TCAI	Difference
Max Drawdown Largest peak-to-trough decline	-23.70%	-19.97%	-3.73%
Max Drawdown (1Y) Largest decline over 1 year	-23.70%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-23.70%	—	—
Current Drawdown Current decline from peak	-3.27%	-19.97%	+16.70%
Average Drawdown Average peak-to-trough decline	-6.42%	-4.04%	-2.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.52%	—	—

Volatility

Volatility by Period

	PSWD	TCAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	23.11%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	26.98%	39.13%	-12.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.06%	39.13%	-15.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.06%	39.13%	-15.07%

PSWD vs. TCAI - Expense Ratio Comparison

PSWD has a 0.20% expense ratio, which is lower than TCAI's 0.65% expense ratio.

Dividends

PSWD vs. TCAI - Dividend Comparison

PSWD's dividend yield for the trailing twelve months is around 0.59%, more than TCAI's 0.03% yield.

Position	TTM	2025	2024	2023
PSWD Xtrackers Cybersecurity Select Equity ETF	0.59%	0.88%	1.49%	0.55%
TCAI Tortoise AI Infrastructure ETF	0.03%	0.05%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PSWD and TCAI in my portfolio?

PSWD and TCAI have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PSWD or TCAI?

On fees, PSWD is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PSWD or TCAI?

PSWD is cheaper with a 0.20% expense ratio, compared with 0.65% for TCAI.

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

PSWD has the higher dividend yield at 0.59%, compared with 0.03% for TCAI.

What is the main difference between PSWD and TCAI?

They also come from different issuers: Xtrackers and Tortoise. Their fees differ too: 0.20% for PSWD and 0.65% for TCAI.