TCAI vs. BAI

Last updated Apr 9, 2026

TCAI (Tortoise AI Infrastructure ETF) and BAI (iShares A.I. Innovation and Tech Active ETF) are both Technology Equities funds. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. TCAI charges 0.65%/yr vs 0.55%/yr for BAI.

Performance

TCAI vs. BAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tortoise AI Infrastructure ETF (TCAI) and iShares A.I. Innovation and Tech Active ETF (BAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TCAI achieves a 31.09% return, which is significantly higher than BAI's 4.38% return.

TCAI

• 1D: 5.82%
• 1M: 10.25%
• YTD: 31.09%
• 6M: 22.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BAI

• 1D: 1.13%
• 1M: 6.30%
• YTD: 4.38%
• 6M: 1.81%
• 1Y: 80.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TCAI vs. BAI - Yearly Performance Comparison

	2026 (YTD)	2025
TCAI Tortoise AI Infrastructure ETF	31.09%	17.77%
BAI iShares A.I. Innovation and Tech Active ETF	4.38%	9.72%

Correlation

The correlation between TCAI and BAI is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they'll tend to fall together during downturns. For meaningful risk reduction, look for holdings with correlations below 0.5.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 6, 2025	0.82

TCAI vs. BAI - Expense Ratio Comparison

TCAI has a 0.65% expense ratio, which is higher than BAI's 0.55% expense ratio.

TCAI

Tortoise AI Infrastructure ETF

BAI

iShares A.I. Innovation and Tech Active ETF

Return for Risk

TCAI vs. BAI — Risk / Return Rank

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

BAI

BAI Risk / Return Rank: 74
BAI Sharpe Ratio Rank: 79
BAI Sortino Ratio Rank: 66
BAI Omega Ratio Rank: 67
BAI Calmar Ratio Rank: 88
BAI Martin Ratio Rank: 72

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.

TCAI vs. BAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tortoise AI Infrastructure ETF (TCAI) and iShares A.I. Innovation and Tech Active ETF (BAI). 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.

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

Sharpe Ratios by Period

	TCAI	BAI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.58	0.79	+1.79

Drawdowns

TCAI vs. BAI - Drawdown Comparison

The maximum TCAI drawdown since its inception was -15.80%, smaller than the maximum BAI drawdown of -34.09%. Use the drawdown chart below to compare losses from any high point for TCAI and BAI.

Drawdown Indicators

	TCAI	BAI	Difference
Max Drawdown Largest peak-to-trough decline	-15.80%	-34.09%	+18.29%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.22%	—
Current Drawdown Current decline from peak	0.00%	-6.57%	+6.57%
Average Drawdown Average peak-to-trough decline	-3.94%	-7.57%	+3.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.98%	—

Volatility

Volatility by Period

	TCAI	BAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.46%	—
Volatility (6M) Calculated over the trailing 6-month period	—	25.63%	—
Volatility (1Y) Calculated over the trailing 1-year period	35.46%	33.53%	+1.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.46%	34.44%	+1.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.46%	34.44%	+1.02%

Dividends

TCAI vs. BAI - Dividend Comparison

TCAI's dividend yield for the trailing twelve months is around 0.04%, less than BAI's 1.72% yield.

	TTM	2025
TCAI Tortoise AI Infrastructure ETF	0.04%	0.05%
BAI iShares A.I. Innovation and Tech Active ETF	1.72%	1.80%