TCAI vs. AIPO

Last updated Jun 23, 2026

TCAI (Tortoise AI Infrastructure ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - TCAI is a Technology Equities fund actively managed by Tortoise, while AIPO is a Building & Construction fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. TCAI is actively managed, while AIPO is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. TCAI charges 0.65%/yr vs 0.69%/yr for AIPO.

Performance

TCAI vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tortoise AI Infrastructure ETF (TCAI) and Defiance AI & Power Infrastructure ETF (AIPO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TCAI achieves a 96.33% return, which is significantly higher than AIPO's 57.19% return.

TCAI

• 1D: 2.42%
• 1M: 16.16%
• YTD: 96.33%
• 6M: 93.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AIPO

• 1D: 2.26%
• 1M: 7.45%
• YTD: 57.19%
• 6M: 53.73%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TCAI vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
TCAI Tortoise AI Infrastructure ETF	96.33%	17.27%
AIPO Defiance AI & Power Infrastructure ETF	57.19%	7.70%

Correlation

The correlation between TCAI and AIPO is 0.91, 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	0.91

TCAI vs. AIPO - Sectors Allocation Comparison

Sectors	TCAI	AIPO
Technology	51.4%	18.9%
Industrials	25.4%	46.4%
Utilities	8.6%	21.2%
Financial Services	7.1%	5.3%
Energy	4.7%	6.1%
Communication Services	1.6%	0.8%
Consumer Cyclical	1.3%	-
Real Estate	0.6%	1.0%
Basic Materials	-	-
Consumer Defensive	-	-
Healthcare	-	-

Return for Risk

TCAI vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tortoise AI Infrastructure ETF (TCAI) and Defiance AI & Power Infrastructure ETF (AIPO). 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

TCAI vs. AIPO - Drawdown Comparison

The maximum TCAI drawdown since its inception was -15.80%, smaller than the maximum AIPO drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for TCAI and AIPO.

Drawdown Indicators

	TCAI	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-15.80%	-17.31%	+1.51%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.53%	-4.44%	+0.91%

Volatility

Volatility by Period

	TCAI	AIPO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	37.24%	35.26%	+1.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.24%	35.26%	+1.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.24%	35.26%	+1.98%

TCAI vs. AIPO - Expense Ratio Comparison

TCAI has a 0.65% expense ratio, which is lower than AIPO's 0.69% expense ratio.

Dividends

TCAI vs. AIPO - Dividend Comparison

TCAI's dividend yield for the trailing twelve months is around 0.03%, more than AIPO's 0.01% yield.

Position	TTM	2025
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%
TCAI Tortoise AI Infrastructure ETF	0.03%	0.05%

Frequently Asked Questions

Can I hold both TCAI and AIPO in my portfolio?

With a correlation of 0.91, TCAI and AIPO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, TCAI or AIPO?

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, TCAI or AIPO?

TCAI is cheaper with a 0.65% expense ratio, compared with 0.69% for AIPO.

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

TCAI has the higher dividend yield at 0.03%, compared with 0.01% for AIPO.

What is the main difference between TCAI and AIPO?

TCAI is categorized as Technology Equities, while AIPO is Building & Construction. They also come from different issuers: Tortoise and Defiance. Their fees differ too: 0.65% for TCAI and 0.69% for AIPO.