PXQ vs. TCAI
PXQ (Invesco Next Gen Connectivity ETF) and TCAI (Tortoise AI Infrastructure ETF) are both exchange-traded funds - PXQ is a Technology Equities fund tracking the STOXX World AC NexGen Connectivity Index, while TCAI is a Artificial Intelligence fund actively managed by Tortoise. PXQ is passively managed, while TCAI is actively managed. Their 0.80 correlation means they have sometimes moved together and sometimes differently. PXQ charges 0.40%/yr vs 0.65%/yr for TCAI.
Performance
PXQ vs. TCAI - Performance Comparison
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Returns By Period
In the year-to-date period, PXQ achieves a 40.12% return, which is significantly lower than TCAI's 55.27% return.
PXQ
- 1D
- 0.08%
- 1M
- -4.96%
- 6M
- 31.73%
- YTD
- 40.12%
- 1Y
- 63.92%
- 3Y*
- 33.13%
- 5Y*
- 16.31%
- 10Y*
- 18.83%
- ALL TIME*
- 13.22%
TCAI
- 1D
- -0.41%
- 1M
- -7.41%
- 6M
- 37.28%
- YTD
- 55.27%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $741.37K | $822.66K | $837.91K | |
| $4.79M | $5.54M | $6.96M |
PXQ vs. TCAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PXQ Invesco Next Gen Connectivity ETF | 40.12% | 15.75% |
TCAI Tortoise AI Infrastructure ETF | 55.27% | 17.27% |
Correlation
The correlation between PXQ and TCAI is 0.80, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025 | 0.80 |
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Return for Risk
PXQ vs. TCAI — Risk / Return Rank
PXQ
TCAI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PXQ vs. TCAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Connectivity ETF (PXQ) 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.
| PXQ | TCAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.38 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | — | — |
| Martin ratioReturn relative to average drawdown | 13.33 | — | — |
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Drawdowns
PXQ vs. TCAI - Drawdown Comparison
The maximum PXQ drawdown since its inception was -57.18%, which is greater than TCAI's maximum drawdown of -28.82%. Use the drawdown chart below to compare losses from any high point for PXQ and TCAI.
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Drawdown Indicators
| PXQ | TCAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.18% | -28.82% | -28.36% |
Max Drawdown (1Y)Largest decline over 1 year | -18.91% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -21.40% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.55% | — | — |
Current DrawdownCurrent decline from peak | -14.80% | -20.91% | +6.11% |
Average DrawdownAverage peak-to-trough decline | -10.73% | -4.71% | -6.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.68% | — | — |
Volatility
PXQ vs. TCAI - Volatility Comparison
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Volatility by Period
| PXQ | TCAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.26% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 24.68% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.67% | 41.71% | -14.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.48% | 41.71% | -17.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.55% | 41.71% | -18.16% |
PXQ vs. TCAI - Expense Ratio Comparison
PXQ has a 0.40% expense ratio, which is lower than TCAI's 0.65% expense ratio.
Dividends
PXQ vs. TCAI - Dividend Comparison
PXQ's dividend yield for the trailing twelve months is around 0.68%, more than TCAI's 0.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
PXQ Invesco Next Gen Connectivity ETF | 0.68% | 0.86% | 1.38% | 0.60% | 2.24% | 0.55% | 0.18% | 0.44% | 1.22% | 0.66% | 0.44% |
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% |
Frequently Asked Questions
PXQ and TCAI have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PXQ is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PXQ is cheaper with a 0.40% expense ratio, compared with 0.65% for TCAI.
PXQ has the higher dividend yield at 0.68%, compared with 0.03% for TCAI.
PXQ is categorized as Technology Equities, while TCAI is Artificial Intelligence. They also come from different issuers: Invesco and Tortoise. Their fees differ too: 0.40% for PXQ and 0.65% for TCAI.
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